News from Longbow Property Ltd

Below is our latest news

Government Publishes Full Details Of Renters' Rights Bill

Government Publishes Full Details Of Renters' Rights Bill

Written by: Jinay Shah Source: Government

Smoke and carbon monoxide alarms compulsory from 1 October 2022

Smoke and carbon monoxide alarms compulsory from 1 October 2022

Written by: Jinay Source: Government

Ministers urged to address shrinking PRS as landlords sell up

Ministers urged to address shrinking PRS as landlords sell up

Written by: Jinay

Biggest shake-up of the rented sector for 30 years

Rental Reform Whitepaper proposals

Written by: Jinay Source: Government

Government will not consider rent controls in England

Housing minister says government will not consider rent controls in England

Written by: Marc Da Silva Source: Property Industry Eye

Rents rise further

Rents rise further as BTL landlords flee the market and stock falls

Written by: Marc Da Silva Source: Property Industry Eye

Buy-to-let landlords exiting the private rented sector

“Mass exodus of private landlords is a catastrophe for the country”, says Phil Spencer

Written by: Marc Da Silva Source: Property Industry Eye

Regulation(RoPA) now very unlikely

Original RoPA now ‘very unlikely’ to make it into law, claims industry leader

Written by: Nigel Lewis Source: The Negotiator

Tenants staying for longer

Tenants staying for longer to avoid being faced with higher rents

Written by: Marc Da Silva Source: Property Industry Eye

Renters Reform Bill

Renters Reform Bill – the government provides more details

Written by: Marc Da Silva Source: Property Industry Eye

Fees

Refundable Holding deposit - Capped at 1 weeks rent

Security Deposit - Capped at 5 weeks rent for annual rental under £50,000, or 6 weeks rent for annual rental over £50,000

Rent - The agreed monthly rent

Changes to tenancy - Capped at £50 inc VAT

Early termination charge - Not exceeding the landlord’s financial losses

Late payment of rent - Interest of 3% above BoE base rate for each day the rent is late, once it is 14 days overdue

Replacement keys - Reasonable costs or give the tenant the option to purchase themselves

Utilities, council tax, communication services, TV Licence etc - Tenants own responsibility unless otherwise stated in contract

Client Money Protection Scheme Membership details - SafeAgent Membership :A2134

Property Redress Scheme Membership details - The Property Ombudsman, Membership Number : L00086