Changes in the Buy to Let market
The Buy to Let market is thriving which made the annual Yorkshire Bank Buy to Let seminar more pertinent this year. The seminar was organised in association with ourselves and Hawsons Accountants.
An increasing number of people are choosing renting as a lifestyle option and according to reports by 2025 one in four households will live in private rented accommodation.
Almost nine out of 10 landlords are individuals, owning 71 percent of all homes in the private rented sector. Stacey Pocock, Head of Commercial & Civil Litigation at Best Solicitors understands the Landlord and Tenant area of law can be a minefield for Landlords and recognises it isn’t always easy for them to get to grips with the rules and procedures.
“My focus at the seminar was to summarise some of the changes including The Deregulation Act 2015 – in particular new legislation re S21 Notices and Possessions, Right to Rent under The Immigration Act 2014 and new changes in regard to Landlords standing a better chance of recovering their legal costs” comments Stacey.
“It is a pleasure to work alongside Yorkshire Bank and Hawsons especially covering this area of law” says Stacey “and it is important for individuals to understand how the changes can impact on their responsibilities as the Landlord and how we, as experts in this field, are here to help.