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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.
Your home may be repossessed if you do not keep up repayments on your mortgage.
There will be no fee for Mortgage Advice. There may be a fee for arranging a mortgage. The precise amount will depend upon your circumstances, but we estimate it to be between £399 and £599.
Mortgage Required Ltd, Finance House, 5 Bath Road, Maidenhead, SL6 4AQ is authorised and regulated by the Financial Conduct Authority reference 573718 at www.fca.org.uk.
The Financial Ombudsman Service is an agency for arbitrating on unresolved complaints between regulated firms and their clients. More detail can be found on their website: www.financial-ombudsman.org.uk
Call: 01628 507477