Property Investors Weekly News: 20/02/2023

Council tax valuation of Houses in Multiple Occupation (HMOs): consultation

Across the country, individual rooms in an HMO are being individually banded for council tax, Finally, the government have agreed to a public consultation on the council tax valuation of HMOs.

Please see the link below for more information.

‍https://www.gov.uk/government/consultations/council-tax-valuation-of-houses-in-multiple-occupation-hmos/council-tax-valuation-of-houses-in-multiple-occupation-hmos-consultation

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Majority of landlords saw demand rise over the last 12 months

‍Latest research from property finance broker, Finbri has revealed that 62.24% of landlords have seen an increased demand for their rental properties. Demand is continuing to outweigh supply.

‍https://www.propertyreporter.co.uk/breaking-news/majority-of-landlords-saw-demand-rise-over-the-last-12-months.html

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Arrears and voids fall to lowest level in six years

‍Recently, Paragon Bank have highlighted how less than 32% of landlords have had at least one tenant in rental arrears over the previous 12 months.

‍https://www.propertyreporter.co.uk/arrears-and-voids-fall-to-lowest-level-in-six-years.html