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Painsmith Blog

Eviction Moratorium

Yesterday evening the government announced a package of measures to protect tenants and landlords. Emergency legislation will be passed to prevent private sector landlords from issuing possession proceedings for at least a 3-month period. The government has also announced that the mortgage ‘holiday’ offered to homeowners will also apply to landlords with a buy to …

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Coronavirus and Rent ‘Holidays’

Home-owners facing financial difficulties due to the consequences of the spread of the coronavirus will be offered a three month mortgage ‘holiday’. The Chancellor’s announcement during the coronavirus briefing yesterday came as part of a large financial package to keep the economy running. This mortgage ‘holiday’ is designed to help those who cannot work because …

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Bournemouth extending licensing

Bournemouth council has launched a consultation on introducing selective and additional licensing in Bournemouth, Christchurch and Poole. The council proposes introducing Selective licensing schemes across areas including: Bournemouth Town Centre Poole Town Southbourne The consultation closes on 6 April 2020 after which the council are required by the Department for Communities and Local Government to …

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Coronavirus

The spread of novel coronavirus around the world has been taking over the media. While your views on the seriousness of the issue may vary it is an issue which is coming to the attention of an increasing number of landlords and agents. We look here at some of the key issues.  Discrimination First, it …

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Updated guidance

The Department for Works and Pensions (DWP) has updated its guide for landlords on Universal Credit. Our previous post on the guide can be read here. Fundamentally nothing appears to have changed with the guide. It does however, appear to be more detailed in certain respects and certainly in respect of alternative payment arrangements (APA). …

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Cheating is not competing

In recent years the Competition & Markets Authority (CMA) has successfully prosecuted a number of agents for operating cartels in their local areas. Following on from this it appears that the CMA considers that there may be a problem with the estate agency market more generally and it has now launched a campaign about the …

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6 months’ notice

On 10 February the Welsh government introduced the Renting Homes (Amendment) (Wales) Bill. With this Bill the government hopes that tenants in Wales will enjoy greater security. If passed the Bill will amend the yet to come into force Renting Homes (Wales) Act 2016 (2016 Act) especially for those who occupy rental properties under a …

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Minimum Energy Rating

On 7 February the Domestic Premises (Energy Performance) Bill had its second reading in the House of Lords. The Bill requires the Secretary of State to ensure that domestic properties have a minimum energy performance rating of C on an Energy Performance Certificate. However, despite the Lord’s initial support for the Bill at this stage …

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5MLD consultation response

On 10 January 2020 the Fifth Money Laundering Directive (5MLD) came into force in the UK. Our previous post can be read here. Unfortunately, despite coming into force more than 21 days ago we still do not have a guidance document. However, HM Treasury has issued a response to the 5MLD consultation which does have …

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Failing to safeguard deposits

An Exeter lettings agent has been disqualified for 6 years after failing to safeguard more then £68,000 in tenancy deposits. The agency operated a custodial deposit scheme in accordance with the Housing Act 2004 and held the deposits on behalf of their landlords. However, from around June 2016 to April 2019 the agency failed to …

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Electrical safety

The Electrical Safety Standards in the Private Rented Sector (England) Regulations 2020 have now been published by the Ministry of Housing, Communities and Local Government. The Regulations will apply in England only and need to be approved by Parliament before they come into force on 1 June 2020. Once they are in force the Regulations …

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Reminder – 5MLD

On 10 January the fifth money laundering directive came into force in the UK. Our previous detailed post can be read here. We were hoping for a guidance document to assist with a further post but unfortunately the wait continues. With that in mind we can only give brief details of the legislation and what …

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