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News Article

"In May, you MUST give your Tenants the Renters Rights Information Sheet or

YOU RISK  - £7,000 FINE  PER TENANT PER PROPERTY."READ MORE

London Councils Want Government Cash To Buy Landlord Properties

16th Aug 2023

‘London Councils’ the umbrella group of local authorities has called for the government to give individual councils cash to purchase private landlords’ properties.


Image credit: Pexels

The group says the government should fund additional capital investment to buy homes by increasing the already established Local Authority Housing Fund, and target homes being sold by private landlords leaving the sector.

It claims that by doing this will help combat the ever increasing homelessness crisis.

The councils recently commissioned research that found there was a seismic 41 per cent fall in numbers of private rented housing stock in London over the last few years.

The research also found that just 2.3 per cent of London listings rental prices on Rightmove which matched Local Housing Allowances for low income households to be able to afford the rent.
Obviously the lack of housing availability coupled with the cost of living crisis is a calamity for low income earners.

The capital unsurprisingly has the highest number of homeless in the country and accounts for half the country’s households having to live in temporary accommodation.

A spokesperson for London Councils says: “This is the latest evidence of the homelessness disaster unfolding in the capital. One in 50 Londoners homeless and living in temporary accommodation is an appalling statistic.

“We are especially concerned by the skyrocketing numbers of families stuck in B&Bs. Nobody wants this happening and boroughs do everything we can to support homeless families into suitable accommodation.

“However, more and more often boroughs face a total lack of other options for keeping a roof over these families’ heads.

“Homelessness pressures across the capital are fast becoming unmanageable. Ministers need to treat this as the emergency it clearly is. Much more action is needed to help low-income households avoid homelessness and to reverse the rising numbers relying on temporary accommodation.”


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"In May, you MUST give your Tenants the Renters Rights Information Sheet or

YOU RISK  - £7,000 FINE  PER TENANT PER PROPERTY."READ MORE

 

 

 


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Fit for Habitation|March 2019 The ACT is intended to define minimum standards a rental property MUST be and makes a clearer pathway way for Tenants to be compensated|https://www.pims.co.uk/fit_for_habitation_act_march_2019/ Guarantor|The person who provides a guarantee and promises to make payment good should the person responsible for the agreement fail|http://www.pims.co.uk/guarantors/ MEES|The Minimum Energy Efficiency Standard (MEES) Landlords are charged with the requirement to bring their rental property to a minimum EPC rating of E. Property with F and G rating will effectively be banned from the rental market April 2018 |http://www.pims.co.uk/epc/ Section 11|Section 11 of the Landlord and Tenant Act 1985 places an obligation on the landlord to maintain the structure and exterior of the property, including installations for the supply of water, gas and electricity, heating systems, drainage and sanitary appliances|http://www.pims.co.uk/landlord-section-11-repairs/ serving date|This date is the date deemed received at the property - as an example if posted allow for posting days|/serving-notice-on-a-tenant-delivery-days/ Tenancy Application|The objective of vetting is to empower yourself so you can make an informed decision as to the calibre of the prospective person. Making your decision on facts and figures is invaluable and this is why you should always take references. The application form also provides you with permission to perform credits. This form details all the information you should ever require deal with most eventualities including absconding tenants|http://www.pims.co.uk/doc/57/ Tenant Fees|From June 2019 where renting properties in England gone are the days of charging for admin, letting fees, vetting, references, inventory, check in, check out, cleaning, pet insurance or ANY other fee that is not explicitly permitted within the legislation. |https://www.pims.co.uk/ban_letting_fees_act_2019/