A Complete Guide About
2017 has almost passed, and in last three months, we have to plan for next year. If we take a look back in 2017 then we see enormous changes occurred regarding transparency, agent fee rules and much more things were introduced just to increase the comfort level of landlords. Somehow these changes were in support of owners to give them enormous benefits from certain price hikes and policy changing decisions. Well, landlords have fixed their attention to 2018 and want to know what special 2018 is having for them? In this blog, we have gathered some aspects that might not leave a drastic impact, but these are expected to be on the main agenda of 2018. Take a look
Abandonment Policy Latest abandonment policy is allowing to recover abandoned property. Do you know new policy wouldn’t compel you to go court? The worse part of this plan could be extended notice period. Due to unusual extension landlord might prefer to go court for further proceedings Multiple occupation Rules Licensing rules would be enforced to various occupation rules. It would be preferred for either single storey or double storeys. Multiple housing laws would be a great milestone for landlords to boost their sales due to such licensing policies. This policy would make license mandatory for all kind of properties so before going further figure out all the changes first. Restriction on letting agent fees It is being decided on letting agent fees. If these decisions are going to be confirmed then probably in 2018, you would see massive change via just restricting letting agent fees. Later on, in mid of the year, this is expecting that it will enforce. Hopefully, it will work out as this is planned Buy-to-let mortgages Currently, latest buy-to-let mortgages in the market are either to buy through limited companies which have fixed rate, some of them prefer to opt variation rate. It would leave an enormous impact on interest ratio. Such thing would happen at the time of lending mortgage. Inflation would go higher, so it is an indication to landlords in advance to hold their meagre rate properties for a while. Being a client, if you are not getting exactly what to do then Mortgage Advisers in Oxford are already giving a detailed guidance to landlords. You may get a free consultation with your advisers. These are the few aspects that are planned or might not be planned yet, and in 2018 it can be expected that it will leave a great impact for all landlords. It will be a significant boost to their profits. Little bit wait is required to gauge the situation before saying yes to the policy.
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