Recent changes in the Law mean that if you are looking to rent out your property in Maidenhead after February 1st 2016 the Government will require Landlords (or their agents) in England to undertake ‘Right to Rent’ checks on all tenants. This is part of the Government’s Review of Immigration Control Policies.
A Landlord or his agent is likely to need to undertake these checks if they:
Acceptable documents to prove that a tenant has a right to rent include:
If you are required to make these checks and do not do so you may be fined up to £3,000.
The good news for those of you already struggling with red tape is that a landlord is not required to take any action in relation to residential tenancy agreements entered into before the date upon which this requirement comes into force, or which are renewed after that date if the renewed agreement will be between the same parties and there has been no break in the tenant’s right to occupy the premises.
Click here for more information on the Right to Rent checks.
Here are the lowest fixed mortgage rates of the week, available to first-time buyers, home movers, buy-to-let, and those remortgaging.
Call us for more information: 01628 507477 or email: team@mortgagerequired.com.
Yesterday
We have seen several lenders increase their mortgage rates over the last couple of weeks. This suggests mortgage rates are likely to rise.
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Despite the Prime Minister not yet announcing any policies to abolish or change Stamp Duty, speculation persists that this could become government policy.
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Almost half of young adults are worried about their credit history stopping them from renting or buying a property, according to data from Loqbox
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Different seasons can have a noticeable effect on property prices.
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Monday 22nd June saw Keir Starmer resign as Prime Minister and Labour leader. The resignation does not directly impact mortgage rates, as changes were taking place before this announcement. However, it could influence mortgage rates indirectly through financial markets and future government policies.