New guidelines relating to commercial property service charges have now come into effect in a move designed to protect tenants from unscrupulous landlords and introducing greater transparency in the sector.
The requirements, introduced by the Royal Institution of Charte...
Elmhurst Energy, the energy assessor trainer, is welcoming legal changes that mean landlords must make contributions to higher efficiency standards in their rental properties, if they do not meet the minimum requirement.
Buy-to-let landlords can no longer claim a funding exemption from making their properties more energy efficient – meaning they could be on the hook for improvement costs of up to £3,500 and fines of up to £5,000 if they fail to make necessary changes.
With buy to let mortgage rates at near rock bottom levels and growing numbers of financial products available means that property investment is still a popular choice for those wanting better returns than they would get, for example, from their savings account.