Category: Buy-to-let
The RLA said only private landlords accredited by the council can obtain a longer HMO licence, even if they are able to display their qualities in other ways.
Gates will work with the Sirius team to maximise opportunities its core markets of High Net Worth individuals and developers.
Secondly the FCA wants to change its rules to make it clear that tools which allow customers to search and filter available mortgages may not be giving advice.
These are derived from investing in carefully selected property companies, secured on quality properties with first charge security and in excess of 150% asset cover. This means every £100 loan for example, is secured against £150 of bricks and mortar assets.
The average annual rent of £38,076 in Kensington and Chelsea is just 2.63% of the average house price (£1.4m).
Woods has joined the team after spending the last few years in specialist lending while Legge brings nearly two decades of experience within business development and sales.
SmartrCriteria offers advisers 394,000 criteria outcomes from over 95 lenders across the residential, buy-to-let and new build sector, to help determine the best possible outcome for their customers as quickly as possible.
David Cox, its chief executive, has warned the industry has to be prepared for the fees ban that comes into force from 1 June, meaning agents won’t be allowed to charge fees to renew or set up a tenancy in the private rented sector.
He said this because of a variety of products in this competitive market, and the base rate being held at 0.75% yesterday, with Bank of England governor Mark Carney warning of possible interest rate rises in the future.
This is the highest proportion since the RLA started asking this question regularly in 2016. Some 23% of landlords report an increase in the demand for rental property over the previous three months, with 57% reporting it to be stable.