Let Leeds supports new Government measures on Client Money Protection.
In light of the new Mortgage rate relief cuts and higher Landlord taxation which comes into effect today, Let Leeds has been discussing the potential impact on Landlords and Tenants across Yorkshire.
It is predicted that Philip Hammond's failure to reverse George Osborne's tax reforms in the Spring Budget will have extensive implications for the buy-to-let property market. Here's a look at the changes and how they will affect Landlords.
It has been found in a recent report that almost 17% of properties currently available on the private rental market could become unrentable by 2018 if government plans for new legislation go ahead.
Obtaining an accurate property valuation has never been more important. A recent study has demonstrated that overpriced properties are often overlooked by buyers.
Following the increasing supply-demand imbalance, rental prices are expected to increase in the coming months according to the Private Rented Sector report from ARLA Propertymark.
A study of the UK's average rental yields has indicated that Leeds is the top Yorkshire region with an average yield of 5.67% achieved in December 2016.Â
NAEA and ARLA have today launched Propertymark. The organisations say the launch changes the emphasis from industry-facing licensing to consumer protection.
David Cox, Managing Director of ARLA has called for Tenant fees to be spread over the first six months of the Tenancy rather than banned outright.Â
Yesterday the Secretary of State for Communities and Local Government set out a 29 point plan in its Housing White Paper. The Secretary of State for Communities has reaffirmed that he will introduce the ban on Letting Agents' fees but says he will "go further" to introduce longer Tenancies and to bring in more institutional investment in rental housing. We have selected some key points that we feel may affect our Investors, Landlords and Tenants.