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....However, the bank is continuing to press on with building its new nine-storey London HQ, with the aim of moving in in 2019. The bank could take all the floors or subletto tenants. ... [Read full article on Guardian ]
Tuesday 21st of March 2017 05:26:34 PM
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....The screw will tighten in April, when higher rate tax relief on mortgage interest payments will begin being phased out. Steve Bolton, founder of Platinum Property Partners, warns that “punitive” tax changes may drive out landlords, but this will not necessarily help first-time buyers: “If it leads to a restricted supply of rental properties and higher rents, then it will be harder for tenants to save for a deposit. ... [Read full article on Daily Express ]
Sunday 19th of March 2017 12:01:00 AM
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Latest Finance News related to Tenant

Goldman Sachs to move hundreds of staff out of London due to Brexit image
Source : Guardian [Read Article] Tuesday 21st of March 2017 05:26:34 PM
....However, the bank is continuing to press on with building its new nine-storey London HQ, with the aim of moving in in 2019. The bank could take all the floors or subletto tenants. ...
Five-minute guide to…The resurgence of first-time buyers image
Source : Daily Express [Read Article] Sunday 19th of March 2017 12:01:00 AM
....The screw will tighten in April, when higher rate tax relief on mortgage interest payments will begin being phased out. Steve Bolton, founder of Platinum Property Partners, warns that “punitive” tax changes may drive out landlords, but this will not necessarily help first-time buyers: “If it leads to a restricted supply of rental properties and higher rents, then it will be harder for tenants to save for a deposit. ...
Student digs in Britain giving first-class returns image
Source : Guardian [Read Article] Thursday 16th of March 2017 03:40:59 PM
.... Numbers are lower in this academic year, but the drop in the value of the pound is expected to encourage an increase next year, despite concerns about the UK’s withdrawal from the European Union. Heriberto Cuanalo, chief executive of the upmarket student accommodation developer Collegiate AC, said foreign students made up the vast majority of his tenants in the company’s portfolio of more than 8,000 beds from Edinburgh to Exeter, but British people were now also moving in. ...
Charlotte Hogg was right to resign, but the departure is cause for concern image
....In theory, the Treasury committee has only an advisory role when it comes to appointments to the Bank of England, but in this case the strongly worded condemnation of Hogg’s behaviour made her position untenable. That’s despite the fact that she was handpicked by Mark Carney in one of his first appointments after becoming governor in 2013 and was one of his most trusted lieutenants. ...
Rents fall for first time in six years image
Source : BBC [Read Article] Monday 13th of March 2017 09:20:45 AM
....Countrywide's research is at odds with the most recent figures from the Office for National Statistics (ONS). Its latest figures, for the year to January 2017, showed that rents for private tenants across the UK had risen by 2. ...
UK average annual rents fall for first time in six years image
Source : Guardian [Read Article] Monday 13th of March 2017 06:00:24 AM
.... Countrywide, which compiled the figures, said the buying frenzy ahead of the hike in stamp duty last year pushed up the supply of new homes for letting by 10%. Meanwhile tenant demand has been dropping, particularly in London, possibly related to Brexit. ...
Striver? Tory architect of austerity George Osborne banks £1m fortune image
....Osborne & Little. Osborne last year earned £44,647 in dividends from Osborne & Little, the wallpaper firm co-founded by his father, Sir Peter Osborne, through direct ownership of shares and as a life tenant of a family trust whose assets include shares in that company. ...
Landlord tax: How to beat new buy-to-let charges coming in NEXT month  image
Source : Daily Express [Read Article] Friday 10th of March 2017 04:44:00 PM
....The platforms allow investors can now put up money for mortgages and property loans in return for interest and the investments can also be placed in flexible ISAs. As well as generating top returns of around five per cent, this method also allows investors aren't faced with the prospect of difficult tenants or changes to property tax. ...
Benefit claimants 'missing out' on private rentals image
Source : BBC [Read Article] Thursday 9th of March 2017 12:52:36 AM
. Benefit claimants are increasingly missing out on finding places to rent, as landlords choose tenants who are better off, surveyors have said. ...
Rents are 'out of step' with incomes, housing body warns image
Source : Guardian [Read Article] Thursday 9th of March 2017 12:01:21 AM
. Vulnerable tenants are being pushed out of the housing market as cuts to benefits and rising costs mean rents are “increasingly out of step” with household incomes, a leading industry body has warned. ...
‘Our ability to save is non-existent’ – people respond to UK budget image
....Outside his business, he has invested in 21 buy-to-let properties, in and around his hometown of Upminster, Essex. His tenants pay £23,500 a month in rent and he is concerned he may have to use more of that income to maintain his properties as result of the hikes in national insurance contributions for the self-employed. ...
Scheme to combat rogue lettings agents under attack image
Source : BBC [Read Article] Monday 6th of March 2017 12:19:27 AM
. Landlords and tenants who have been defrauded by a rogue letting agent say a government-approved scheme set up to protect them is useless. ...
Buy-to-let landlords face huge tax increase from new law image
Source : Daily Express [Read Article] Sunday 5th of March 2017 12:01:00 AM
....Andrews says this has knocked London property prices and the slowdown could ripple across the country. Platinum Property Partners founder Steve Bolton says the sector was hit hard by the stamp duty surcharge and cutting tax relief will wipe out even more profits: “Landlords will have to increase rents or leave the market, further restricting the supply of affordable property for tenants. ...
UK 'must insulate 25 million homes' image
Source : BBC [Read Article] Tuesday 28th of February 2017 12:07:22 AM
What’s the point of building a million new homes if they’re not fit to live in? | John Harris image
....But in privately owned developments and new social housing, and the mixed-tenure places that combine the two, problems abound. Last month I spent two weeks reporting on the case of the Orchard Village estate on the Essex/east London border, and properties split between homeowners and tenants whose problems – with leaks and damp, and allegedly faulty fire protection and dangerous levels of methane – are mind-boggling. ...
#RentInOz: Australian renters share their horror stories image
Source : Guardian [Read Article] Thursday 16th of February 2017 01:59:30 AM
....A new study of Australia’s rental property market has prompted people to share their horror stories. The survey of more than 1,000 renters co-authored by the consumer group Choice concluded there was an “entrenched culture of fear” and a significant power imbalance between landlords and tenants. ...
No place like home: America’s eviction epidemic image
Source : Guardian [Read Article] Sunday 12th of February 2017 10:00:03 AM
.... There are moving companies specialising in evictions, their crews working all day, every weekday. There are hundreds of data-mining companies that sell landlords tenant-screening reports listing past evictions and court filings. ...
UK rents expected to rise faster than house prices in next five years image
Source : Guardian [Read Article] Thursday 9th of February 2017 12:01:07 AM
....The Royal Institution of Chartered Surveyors has predicted that rents will increase by just over 25% in the coming years, while property values are set to grow by less than 20%. In the three months to January, tenant demand for rental properties continued to go up. ...
England's housing market is 'broken', government admits in white paper image
Source : Guardian [Read Article] Tuesday 7th of February 2017 01:32:18 PM
....”. Every local council will be forced to publish projections for local house building, developers will be forced to use-or-lose planning permission once granted, older people will be given incentives to move out of underused big homes, and tenants will be given extra protection. ...
If we’re going to tackle the evils of renting, at least do it properly | Penny Anderson image
. Last weekend saw the government announce “a better deal for tenants”. ...
Councils to be told to build thousands more new homes image
Source : Guardian [Read Article] Tuesday 7th of February 2017 12:01:22 AM
....”. Among Labour’s policies, Healey said, would be to build more affordable homes, and to offer a “charter” for tenants, with long-term leases and regular, pegged rent rises. ...
Housing association agrees to buy back homes on 'substandard' development image
.... People who had bought properties outright or through a shared-ownership scheme had been offered £1,000. The sum offered to some people who rented their homes, many of whom were former council tenants, was £100. ...
Made in London no more: will property speculation kill industry in the capital? image
....” The current system is too crude to retain and nurture medley. And often, when developers do attempt the holy grail of mixing industry with housing, the workspace ends up being too expensive to attract the tenants who need it. ...
New breed of members' club blurs lines between business and pleasure image
Source : Guardian [Read Article] Monday 6th of February 2017 07:20:20 AM
.... In Manchester, the new XYZ building will have stringent criteria about the kind of businesses operating in the building, with a “near-members” approach. Two floors will also be dedicated to a formal members’ club, which tenants receive preferential rates for. ...
Energy customers locked into a costly scheme who have no right to switch image
Source : Guardian [Read Article] Sunday 5th of February 2017 07:00:07 AM
....There are fears that these issues will make it difficult to sell on flats. David Goatman, head of energy and sustainability at estate agency Knight Frank, says it should be mandatory for information and clear costings to be given to tenants and purchasers. ...
Why has it taken British Gas a year to sort out my electricity account? image
Source : Guardian [Read Article] Wednesday 1st of February 2017 07:00:09 AM
....I have been waiting for more than a year to take over an electricity account with British Gas on a small commercial premises. Thirteen months after the previous tenant left, I am still without an electricity supply – and cannot rent it out until I have one. ...
Britain’s housing crisis could be solved – if only the government wanted to | Jonn Elledge image
....The drawback? Most of that land is occupied by homes already, in the form of existing council estates. Real world governments have shown themselves more than willing to redevelop those – but they’ve generally tried to do so on the cheap, maximising the number of private homes available at the expense of social homes, and repeatedly breaking promises to tenants. ...
Fighting food waste with an app… and a measuring spoon image
Source : Guardian [Read Article] Saturday 28th of January 2017 06:59:48 AM
....The Swadlincote trial has helped local people facing the hardship of going hungry in other ways, providing refrigerated storage for donated perishable food that might otherwise be thrown away. And the council’s housing department has launched a scheme for new council tenants – often single people with only basic cooking skills. ...
UK rental property demand falls to two-year low image
Source : Guardian [Read Article] Friday 27th of January 2017 03:41:12 PM
....Demand for privately-rented flats and houses has fallen to a two-year low, while the supply of properties to rent has risen in fresh evidence of a slowdown in the property market. The Association of Residential Letting Agents said there were just 26 prospective tenants registered per branch in December, down from 32 the month before and the lowest figure recorded since records began in January 2015. ...
Jobs lost and broken relationships: legacy of the Southern rail crisis image
Source : Guardian [Read Article] Saturday 21st of January 2017 09:09:30 PM
....A Southern spokesman said: “We are deeply sorry for the utterly unnecessary and unwarranted disruption these disputes are causing. The unions’ response has been utterly disproportionate, causing misery to 300,000 passengers a day across the south-east and untold damage to the regional economy, and we fully sympathise with both our passengers and our tenants’ plight. ...
Housing benefit claimants increasingly shut out of private rental market image
Source : Guardian [Read Article] Saturday 21st of January 2017 07:00:28 AM
....”. Between December 2015 and February 2016, members of Digs, a Hackney-based private renter information and campaign group, carried out a mystery shopper survey of 50 local estate agents to see how many letting agents had properties that would accept tenants claiming housing benefit. ...
Direct Line turns its back on homeowners trying to help refugees image
Source : Guardian [Read Article] Saturday 21st of January 2017 07:00:28 AM
.... We are in the fortunate position to have recently come into some money from a bequest, and decided we could help at least one family by buying a house for them. “It was on exchange of contracts that we tried to obtain buildings insurance, and were surprised this was either refused or charged at a higher rate if the tenants were refugees – and, perhaps more alarmingly, benefits claimants. ...
Goldman Sachs stalls plan to move jobs to UK amid Brexit uncertainty image
Source : Guardian [Read Article] Thursday 19th of January 2017 01:15:50 PM
....The bank is continuing to press on with building its new nine-storey London HQ behind the two buildings it currently occupies, with the aim of moving in in about 2019. The bank has the option to take all the floors or sublet it to tenants. ...
Foxtons shares slump after significant fall in London property sales image
Source : Guardian [Read Article] Wednesday 11th of January 2017 09:45:19 AM
.... “As the most recognised residential brand in London, we are uniquely positioned to manage through the market uncertainties and take advantage of any change in conditions,” he added. The company’s lettings business performed better than sales in the fourth quarter, with revenue unchanged at about £13m as the number of new tenants fell but existing tenants renewed their contracts. ...
Why we must make homes truly affordable for our key workers image
Source : Guardian [Read Article] Saturday 7th of January 2017 07:00:12 AM
....Dolphin Living, which is working in six inner London boroughs, bought the New Era housing estate in Hoxton, Hackney, a couple of years ago, and introduced a means-based rents system. Typically, New Era tenants pay £180 to £200 a week – less than half the current market rate in the area. ...
Government offers £7bn affordable homes fund to housing providers image
Source : Guardian [Read Article] Thursday 5th of January 2017 12:01:34 AM
....7bn of cash available between now and 2021 would help deliver at least 135,000 shared ownership homes, 10,000 rent-to-buy properties, and 8,000 homes for supported living and older people to rent. Under rent to buy, rents will be set at or below 80% of the local market rent for a set period in order to give tenants the opportunity to save for a deposit and then the option to buy their home. ...
Generation rent: official figures overstate UK home ownership - study image
Source : Guardian [Read Article] Tuesday 27th of December 2016 10:56:47 AM
....A study by the Resolution Foundation thinktank has shown that official figures have exaggerated home ownership, which has been in steady decline since 2002. The Office for National Statistics said the UK owner occupation rate rose sharply in the two decades after Margaret Thatcher’s government allowed council tenants the right to buy their homes at a discounted price. ...
UK's austerity welfare spending is closer to poorest nations of EU image
Source : Guardian [Read Article] Wednesday 21st of December 2016 05:54:50 PM
....Slovakia spent 52% of the EU average while Ireland managed 87%, bringing it close to Italy’s 98% per capita. The UK also spent more as a proportion of GDP than any other country on subsidising housing, illustrating the importance since the financial crash in 2008 for successive governments to subsidise tenants in private housing. ...
A third of Brits throw away Christmas turkey and sprouts image
Source : Guardian [Read Article] Tuesday 20th of December 2016 07:01:41 AM
.... The programme teaches families – many on benefits and low incomes – new cookery skills as well as practical help in cutting food waste. The “council tenant engagement scheme” will run until April and a total of 104 residents have so far been recruited. ...
Donald Trump faces Senate backlash over ‘cabinet of billionaires’ image
Source : Guardian [Read Article] Sunday 18th of December 2016 12:04:36 AM
....As well as a phalanx of Democrats, leading Republican senators Marco Rubio and Lindsey Graham, and John McCain, the chairman of the Senate armed services committee, have raised concerns about Tillerson’s close relationship with Vladimir Putin and conflicts of interest arising from Exxon’s interests in Russia. Tillerson, 64, who has spent his whole career at the oil giant, was awarded Russia’s Order of Friendship in 2013 after he agreed a deal with the state-owned oil company Rosneft, run by Putin lieutenant Igor Sechin. ...
2016: the year Britain got (a little bit) richer image
Source : Guardian [Read Article] Saturday 17th of December 2016 07:00:15 AM
....6% over the year, with mounting evidence that they have been falling since the referendum result. And in a surprise, but hugely welcome, move announced in the autumn statement, letting fees to tenants are to be banned, although we don’t know quite when. ...
Punch Taverns agrees takeover bid from Heineken and partner image
Source : Guardian [Read Article] Thursday 15th of December 2016 02:54:34 PM
....David Forde, the managing director of Heineken UK, said: “Today’s announcement is a huge vote of confidence in the ‘Great British pub’. Our proven track record of success demonstrates that well-invested and well-run pubs in the leased and tenanted sector can thrive. ...
HMRC claws back celebrities' tax relief image
Source : BBC [Read Article] Thursday 15th of December 2016 12:17:51 AM
....Their money built two data centres on Tyneside that remain unused, despite assurances marketing began in 2013. Project backers Harcourt Capital said it expected its first tenants soon. ...
Eurozone ministers won't budge an inch on Greek finance measures image
Source : Guardian [Read Article] Wednesday 14th of December 2016 08:12:30 PM
....But, strange as it sounds after Punch’s horrible history, independence wouldn’t be a bad outcome. On the trading front and in its relations with tenants, Punch has been showing definite signs of rehabilitation. ...
House prices to rise 2% in 2017, says Rightmove image
Source : Guardian [Read Article] Monday 12th of December 2016 12:01:41 AM
.... Although rents in Greater London are still much higher than in the rest of Britain, averaging £1,298 a month against £809, Countrywide said the gap had reduced since 2015, from 62% to 60%. It said the fall had been driven by a surge in the number of rental homes available in the capital, with the number of properties up by 32% year on year while the number of tenants increased by 9%. ...
Buy to let: ‘We landlords are being vilified’ image
Source : Guardian [Read Article] Saturday 10th of December 2016 06:59:07 AM
....Cooper is already increasing rents. Until now, he says, he has kept rents on his properties at around £500 a month when he could have charged market rates of around £550 because he wanted to attract good, long-term tenants. ...
Days of the buy-to-let landlord are numbered, says Fergus Wilson image
Source : Guardian [Read Article] Friday 9th of December 2016 10:11:07 AM
.... For landlords in London, selling up is already the reality. Property yields in the city are so low that some find themselves already subsidising their tenants even before all the tax changes come in. ...
Wolfgang Streeck: ‘Look at London – it’s a second Rome. This is what an empire looks like’ image
....” The prime minister who declared “There is no alternative”, then did her damnedest to extirpate any such alternative. The result? The unions are withered, the independent tenants’ associations have disappeared along with the stock of council housing, the BBC is forever on the back foot, and local, regional and national newspapers are now the regular subjects of obituaries. ...
Peabody and Family Mosaic housing associations to merge image
Source : BBC [Read Article] Wednesday 7th of December 2016 02:02:02 PM
....Housing associations are non-profit organisations providing social housing, with any surplus money used for maintenance of properties. The sector is undergoing a transformation after the government launched a voluntary right-to-buy scheme for housing association tenants. ...
Landlords scramble to avoid higher buy-to-let taxes, report finds image
Source : Guardian [Read Article] Friday 2nd of December 2016 12:01:00 AM
.... A further 25% were considering making one of those changes. The bad news for tenants is that landlords are also considering raising rents to make up for lost income. ...
At 20, am I too young to invest in buy-to-let property? image
Source : Guardian [Read Article] Thursday 1st of December 2016 07:00:40 AM
.... However, new lending rules and tax changes due to come into force from 2017 will push up this “rental coverage” rate to 145%. Even if you managed to get a mortgage, buy a property and find a tenant, how much money you make from your investment depends on all your other costs. ...
London's 73-storey Trellis skyscraper gets green light image
Source : Guardian [Read Article] Monday 28th of November 2016 03:51:11 PM
....Designed by the architect Eric Parry for Singaporean developers Aroland Holdings, the building will have a free public viewing gallery and what is claimed to be London’s highest restaurant. The skyscraper is to be built on the site of the Aviva Tower, which will be demolished, and is due to be completed at some point in the 2020s, as tenants remain in the building currently standing on the site. ...
Unfair letting fees ban? Truth is the agents just got too greedy image
Source : Guardian [Read Article] Saturday 26th of November 2016 07:00:25 AM
. The real shock about this week’s decision to ban letting fees to tenants is that it did not happen earlier. ...
Will banning letting agency fees lead to higher rents? We ask the experts image
Source : Guardian [Read Article] Saturday 26th of November 2016 06:59:25 AM
. So will the ban on lettings agents charging fees to tenants push rents up? That’s the question many renters will be asking after the government’s autumn statement announcement. ...
London tops cost-of-housing survey at 14 times average earnings image
Source : Guardian [Read Article] Friday 25th of November 2016 12:01:47 AM
....2%. Rent inflation was highest in the south-east of England, where tenants are paying 3. ...
Hammond's £400m for venture capital funds is no joke – unfortunately image
Source : Guardian [Read Article] Thursday 24th of November 2016 08:28:46 PM
Countrywide shares plummet as transactions fall image
Source : BBC [Read Article] Thursday 24th of November 2016 09:49:08 AM
.... . "Yesterday's Autumn Statement bombshell banning letting agents from charging upfront fees to tenants couldn't have come at a worse time for the sector. ...
Countrywide warns over profits amid housing slowdown image
Source : Guardian [Read Article] Thursday 24th of November 2016 08:56:50 AM
.... The decline came after another knock, a day earlier, when the shares lost 5. 3% as a result of the chancellor’s decision to ban letting agencies charging fees to tenants. ...
Housing gets £4bn boost to increase number of new homes image
Source : Guardian [Read Article] Thursday 24th of November 2016 07:00:27 AM
....The Office for Budget Responsibility (OBR) warned that despite the extra money for affordable homes, it expected 13,000 fewer to be built over the next five years. This was a result of the move away from shared ownership schemes – which would have brought in more money for housing associations, and the government’s recent decision to drop plans for rent increases for higher-earning tenants. ...
Don't mistake autumn statement for infrastructure splurge | Nils Pratley image
Source : Guardian [Read Article] Wednesday 23rd of November 2016 07:15:03 PM
.... Those dull but easy-to-do road and rail upgrades will do more to meet Hammond’s productivity ambitions than the new high-speed railway. Estate agents’ share prices tell the story: they will be hurt by the ban on letting agents’ fees charged to tenants. ...
How will the autumn statement affect you? image
Source : Guardian [Read Article] Wednesday 23rd of November 2016 02:59:50 PM
McDonnell: Chancellor's spending plans 'offer no hope' image
Source : BBC [Read Article] Wednesday 23rd of November 2016 02:43:04 PM
....". He described the scrapping of tenant and letting fees as "a victory for Labour campaigning", but said home ownership was still "a dream" for the under 25s because fewer houses had been built under the Conservatives since the 1920s. ...
Autumn Statement: Extra £3.7bn for housing projects image
Source : BBC [Read Article] Wednesday 23rd of November 2016 01:18:50 PM
....However, recent figures suggest that the overall housing supply increased by 11% in the year to April 2016. The chancellor also announced a "large-scale" pilot of the right to buy scheme for housing association tenants. ...
Estate agency shares slide ahead of letting fees clampdown image
Source : Guardian [Read Article] Wednesday 23rd of November 2016 11:39:02 AM
....Shares in some of Britain’s biggest estate agencies fell sharply on Wednesday as the chancellor used his first autumn statement to ban upfront fees charged by letting agents. Roughly £70m was wiped off the combined value of Foxtons and Countrywide after Philip Hammond confirmed a clampdown to prevent tenants from being forced to pay administrative costs for simple things such as inventory and reference checks. ...
Letting agent fees banned in Autumn Statement in ANOTHER assault on UK's small landlords image
.... However, critics said the move to be announced in today's Autumn Statement would damage the industry and claimed it is yet another assault on Britain's small landlord. The change means tenants are also likely end up paying higher rents - a concern that was voiced by housing minister Gavin Barwell just two months ago. ...
Autumn Statement 2016: Everything you need to know and what it means for your money  image
Source : Daily Express [Read Article] Wednesday 23rd of November 2016 09:41:00 AM
....*Fuel duty will also be frozen for the seventh consecutive year, Mr Hammond confirmed. *It had already been announced that tenant letting agent fees will be axed as soon as possible. ...
Trump denies any conflict of interest over business empire image
Source : BBC [Read Article] Wednesday 23rd of November 2016 09:10:03 AM
....Mr Trump already stands to profit from an influx of visitors in the weeks leading up to his inauguration. Since the hotel sits on land leased from the federal government, when Mr Trump assumes office, he becomes, effectively, both landlord and tenant overnight, our correspondent notes. ...
FTSE 100 higher but estate agents hit image
Source : BBC [Read Article] Wednesday 23rd of November 2016 08:49:50 AM
. (Noon): The UK market opened higher, but shares in estate agents were hit by news that the government is planning a ban on charging fees to tenants. ...
The Guardian view on Philip Hammond: he will take far more than he gives | Editorial image
....3m households now renting in the private sector. But the agents will get their income from somewhere: most obviously by charging landlords more, a rise that will be pushed on to – guess who? – those tenant households. ...
Autumn Statement 2016: Lettings agent fees will be banned image
Source : BBC [Read Article] Wednesday 23rd of November 2016 12:15:44 AM
. Lettings agents in England will be banned from charging fees to tenants "as soon as possible" under plans announced in the Autumn Statement. ...
Will rents go up if unfair letting fees are banned? image
Source : Guardian [Read Article] Wednesday 23rd of November 2016 12:01:49 AM
....When Rory Gray moved into a one-bed flat in Exeter last year, it wasn’t the £650 a month rent that really irked him – but the £800 in fees demanded by the letting agent, part of Britain’s biggest agency, Countrywide. Countrywide’s local agent in Exeter expected the tenant to pay £360 as a “tenancy fee”, £90 for “admin”, £60 for “referencing”, £90 for the “check-in”, £90 for a “guarantor” and £120 for the “deed of guarantee”. ...
Chancellor picks goodies selectively from his autumn statement bag image
Source : Guardian [Read Article] Wednesday 23rd of November 2016 12:01:49 AM
.... Even George Osborne never issued a formal pre-announcement of the goodies in his bag. The new chancellor’s approach takes the Treasury’s news management operation to new heights (or depths, depending on your point of view) but Hammond has at least created a talking point by slapping a ban on the upfront fees letting agents charge their tenants. ...
Autumn statement: Hammond to crack down on letting fees image
Source : Guardian [Read Article] Tuesday 22nd of November 2016 10:15:47 PM
....They claimed that renters were being asked to pay hundreds of pounds for questionable reasons such as inventory checks. However, just two months ago the housing minister, Gavin Barwell, tweeted that such a move would be a “bad idea – landlords would pass cost to tenants via rent”. ...

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