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News and Views
Immigration Checks on Tenants: a Landlord's View
As widely publicised, the government is proposing to force private landlords to check the immigration status of prospective tenants before agreeing to let to them. The new measures were announced in the Queen’s Speech as part of a package aimed at making Britain a less attractive destination for illegal immigrants. We consider how a landlord might approach the new obligations...read more
Foxtons hires security guards as protestors target Letting Agent offices across London
Letting agents were the subject of protests across London last weekend, causing some to shut their offices for the day, whilst Foxtons in Brixton hired private security guards as a precaution. Dozens of angry demonstrators gathered outside the Foxtons office, claiming that they were being priced out of the area by gentrification, encouraged by letting agents charging “extortionate” fees. In Haringey, demonstrators cordoned off agent offices as 'crime scenes'... read more
Home Ownership Falls for first time in 100 years
Home ownership has fallen to levels last seen in the mid-1980s, according to new figures from the latest Census, conducted in 2011. The peak was reached in 2001, when 69% of homes were owner-occupied. That figure has now dropped to 64%.
The Census reveals that the number of owner-occupied homes remained steady over the decade at about 15 million, while the total number of households increased, leading to a fall in the proportion of owner-occupied homes. In London, almost half of all homes are rented...read more
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