Newport Property News & Updates

What with the Housing (Wales) Act, the Immigration Act 2014, The Renting Homes Bill, Immigration Act (Right to rent), the Deregulation Bill, and the Labour party’s manifesto pledges it’s no wonder Welsh landlords heads are spinning! While the Government might excel in passing new pieces of legislation, they aren’t always the best at communicating their details to those it...
The question most commonly asked about the Immigration Act at the moment is “When will the scheme roll out to my area?”
The Bank of England has been granted new powers in the housing market this week. A statement issued by the government has revealed the organisation's Financial Policy Committee (FPC) will now have the ability to set limits on debt-to-income ratios and loan-to-value ratios for mortgages in a bid to ensure stability in the housing sector.
Average private rents in Britain rose 1.7 per cent in the 12 months to December 2014, according to new data from the Office for National Statistics (ONS). The government department's latest Index of Private Housing Rental Prices (IPHRP), published on Friday (January 30th), shows that the cost of renting residential property increased 0.2 per cent in Wales for the year as a whole. The figure...
It's barely 10 months since the cost of a County Court repossession hearing shot up from £175 to the current £280, but the Government is considering increasing them by a further £75. If the increase goes ahead, a landlord will have to pay a whopping £355 to commence proceedings in the County Court and £325 if they use Possession Claims Online facility (PCOL).
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