A six-month crackdown on rogue landlords, named Operation Magnify, led to almost 200 arrests of illegal immigrants at over 250 separate properties and caught 24 landlords who were fined up to £3,000 for every illegal worker found.
New PRA rules to shake-up mortgage ‘stress tests’ for landlords
Imminent new rules in relation to so-called mortgage ‘stress tests’ will be phased in between now and October 2017, and could make it more difficult for buy-to-let landlords with large portfolios to access new mortgages.
Landlord ordered to pay almost £175k in Court
A UK landlord who was found guilty of serious planning offences has been ordered to pay almost £175,000 in Court.
Property price index suggests growth is “in line with expectations”
New research published by one of the UK’s leading mortgage lenders has forecast that Britain’s property market will remain buoyant towards the end of 2017.
Study suggests steady rise in mortgage approvals
A new study suggests that mortgage approvals continue to rise, with the total number of loans approved in June 2017 up by 1.4 per cent year-on-year.