Following the Tenant Fees Act 2019 in force since the 1st June 2019, the government has published new guides to rent/let for landlords and tenants. Please make sure you have the latest copy and read it thoroughly! Download your copy here.
From the 1st June 2019, letting agents and landlords in England won’t be allowed to charge fees to tenants or guarantors. The Tenant Fees Ban or “Tenant Fees Act 2019” applies to all new tenancy agreements entered on and after the 1st June 2019. How does it affect our landlords and tenants?
Do you want to sell, let or buy in London NW3? Understanding the current local market’s conditions, challenges and opportunities is paramount! Here is a review of the current local property market for May 2019:
Incoming regulatory changes concerning Private Residence Relief (PRR) will place a higher tax burden on landlords – this move comes on top of the phasing-out of mortgage interest tax relief. A report claims as many as 24 per cent of landlords were considering selling properties, as a way of coping with higher tax burdens.
London continues to be the most expensive UK region in which to rent property, with average rents in Q1 2019 standing at £1,288, £531 higher than the UK average of £757
Whether you are a landlord or a tenant, please check your EPC is rated minimum “E”. It is now a legal requirement for all rented properties and failure to comply could lead to a fine of up to £4000.
All letting agents in England must be CMP protected since the 1st April 2019. CMP or Client Money Protection is a government scheme designed to protect client money from dishonest estate agents. We abide by the highest standards in terms of transparency, ethics and customer care and our clients are now even better protected. We can proudly display the logo!