With the buy to let market ‘booming’ it’s not a question of whether to invest, it’s where. According to the Council of Mortgage Lenders, buy-to-let lending has boomed over the last year, with the number of loans in March up 56% on the year before.
After last week’s motion by Labour in the Commons to ban fees to tenants was defeated, this month’s VP blog considers whether letting agents can actually justify the fees they charge tenants.
The Yorkshire rental market is incredibly strong at the moment with many people looking to rent instead of buy as mortgage lending is scarce and deposits are extremely high.
As a landlord, you have a statutory obligation to ensure that the electrical equipment, supplies, plugs and sockets in the property you let are safe (Low Voltage Electrical Equipment Regulations 1989 / Electrical Equipment (Safety) Regulations 1994 and The Plugs and Sockets etc (Safety) Regulations 1994).