Breathing Space, the Debt Respite Scheme and What They Mean for Landlords
The Covid-19 pandemic will have far-reaching effects on society, long after we have the virus under control. There are areas of legislation that will change the way we live and work, which were created in direct response to the unprecedented events that took over the world in early 2000. One of those is the English and Welsh government’s Debt Respite Scheme, which gives breathing space to those in considerable debt from their creditors, including banks, leasing companies and
The Basic Details on the Tenancy Deposit Protection Scheme for Letting Agents
More than half of letting agents would welcome a course or workshop on how best to comply with the tenancy deposit protection scheme, a report has found. The study, by Tenancy Deposit Scheme, one of the three agencies approved by the government in England and Wales to handle deposits, also illustrated that more than a quarter of agents fear accidentally breaching the regulations and being fined due to a lack of up-to-date knowledge. Many of the letting agents questioned were
What is the Renters’ Reform Bill and What Does it Mean For You?
In 2019, the government announced plans for a Renters’ Reform Bill that would change the way tenancies work in the UK. It appeared in the Conservative Party’s general election manifesto and also made it into the Queen’s Speech at the opening of parliament. Indeed, it looked to be imminent in February 2021, when then-junior housing minister Kelly Tolhurst told the House of Commons, “the government is committed to enhancing renters’ security by abolishing no-fault evictions. Du
