NEWS IN BRIEF

5 03 2015

  1. Private landlords in Liverpool have until April to apply for a compulsory license as part of a scheme designed to stamp out slum housing. Applications are now open for the initiative, which requires all owners who rent out properties to pay hundreds of pounds to be register. Liverpool is the first major city to introduce the scheme and up to 50,000 properties will be covered when it becomes a legal requirement from April 1st this year. The license fee will cost £400 per property and landlords with more than one property will pay £350 for each additional property.
  2. The latest data fro the Council of Mortgage Lenders (CML) shows that in 2014 the number of repossessions fell to 21,000 – 26% fewer than the 28,9000 in 2013. At 0.19%, the repossession rate was also lower in 2014 than at an time since 2016
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