Tuesday 5 May 2009

Potential Changes to Letting Rules in the UK

The Times reports that all private landlords in the UK may have to be registered before letting residential property under new government plans mooted to curb abuse in the rental market.

It is estimated that the number of private landlords has risen to about one million in England and Wales and it is felt within the government that moves must be taken to prevent unscrupulous landlords from exploiting tenants.

The proposal is that anyone letting a residential property would have to pay a fee, mooted to be £50 to start with, to register with a national body. Those required to register would include developers, buy-to-let investors and those who have become landlords because they cannot sell their properties and have let them out instead.

See the full article from the Times here

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