NATIONAL NEWS
 

News stories and information from around and about.

Bank of England to Consult on Affordability Tests for Buy-to-Let Landlords

On 29 March 2016 the BBC reported on plans for lenders to be much stricter when deciding on whether or not to give buy-to-let mortgages. The consultation ends on 29 June 2016.

Rent will Account for 16.4% of Total Lifetime Earnings for Today's First-Time Buyers

BBC News online (12 February 2016) reported on research conducted for the Association of Residential Lettings Agents which suggests that first-time buyers in England today will have already spent an average of £52,900 on rent and that rent will account for 16.4% of their total lifetime earnings.

Claim that Landlord Mortgage Tax Relief Breaches Human Rights

It has been reported (1 February 2016) that a legal firm has taken on the fight by landlords over mortgage tax relief claiming that the changes announced by the Chancellor breach their human rights.

Housing Minister Announces Cash Boost for Councils to Tackle Rogue Landlords

A Government press release on 22 January 2016 announced that councils across the country are to receive a £5 million cash boost to tackle rogue landlords in their area.