A recent survey of more than 4,000 flat and house sharers by SpareRoom.co.uk has revealed that tenants are now charged an average of nearly £300 when taking out a tenancy including opaque 'admin costs'.
In his regular BTL mortgage update Andy Young of LPC Mortgages reviews activity throughout 2014 and looks forward to 2015. Will the improvement in the number and flexibility of the products on offer continue to increase? Or will interest rate rises halt the rise of competition in the market?
Landlords and agents will now be expected to check tenants' citizenship and residency permits. The first scheme went live in the West Midlands on 1st December. This press release from the Home Office gives all the details.