While buy-to-let lending is still considerably less forthcoming (to say the least) since it reached its peak three years ago, there seems to be a little movement in this sector as reported by Mark Sorby of J. Montagu Financial Solutions.
In February 2010, Housing Minister, John Healey announced a new package of measures, which have been designed to protect tenants in the privately rented housing sector. The new package, which Mr. Healey presented offers tenants: Requirement for written tenancy agreements in all tenancies that will strengthen the hand of tenants should they face a dispute. […]
The amount of consumers opting to rent living accommodation is now surpassing the number of rental properties available and landlords are now beginning to extend their portfolios in a bid to supply the new demand.
Any property which is let to 3 or more unrelated sharers will autimatically become classed as ‘2 or more households’. The property, deemed as a HMO will require planning permission. The legislation will have a massive negative impact on both landlords and students.