Monthly Archives: May 2014

New voluntary standards scheme launched for London landlords welcomed

We welcome today’s news that a voluntary accreditation scheme for London Landlords has been launched by the Mayor of London, Boris Johnson. The private rental sector is in need of reform and this voluntary code of practice will be an important step towards raising standards in the sector and affording greater protection the growing number […]

Britain’s housing market has “deep, deep” structural problems says BOE’s Mark Carney

Last week, I was moved to write to Mark Carney, The Bank of England’s Governor after he discussed the fact that Britain’s housing market has “deep, deep” structural problems, with the main issue being the lack of house building, which is causing prices to spiral out of control. Carney pointed out that during the recession […]

Why would anyone want to take out a mortgage in later life?

Ahead of a meeting of the Equity Release Council and the Council of Mortgage Lenders, Nigel Waterson, chairman of the Equity Release Council talked to Mortgage Finance Gazette magazine about the benefits of lending to older people. In the article Waterson pointed out that “property ownership is currently highest among people aged 55-64 (81%) and […]

Crucial vote on banning letting agents’ fees

We welcome the news that a proposed amendment to the Consumer Rights Bill, to ban letting agent fees, was defeated last night in the House of Commons by a majority of 53 votes. Banning fees altogether is not the best solution for lettings agents, landlords or tenants. The fees charged by lettings agents contribute to […]

Private rental market reforms are welcome, but fees are important to maintain standards

Shadow Housing Minister Emma Reynolds has written an open letter to UK lettings agents calling for the end of ‘unfair’ lettings fees for tenants and stating the next Labour government will introduce legislation to ban fees. Her letter echoes proposals from Labour leader Ed Milliband to reform the private rental sector, including a call to […]