The Mortgage Repossessions (Protection of Tenants) Act 2010 is one of those bits of legislation that was vastly overdue by the time it came into force. It’s a relatively simple act that gives innocent tenants some degree of protection from circumstances beyond their control.
The news surrounding the UK’s property market during April has been interesting, as always. We’ve picked out a few highlights to help keep you abreast of everything need to know!
First of all, we’re going to start with some house price news from the monthly Nationwide and Halifax indices, before moving onto some other relevant reports.
The Royal Institution of Chartered Surveyors (RICS) has issued new guidance on wall safety surveys for mortgage lenders.
The latest house price reports show that annual house price growth is slowing as buyers are less willing to pay peak prices for property amid ongoing uncertainty. Lenders Nationwide and Halifax both calculate the rate of house price growth slowed in October this year when compared with a year earlier, to around the 5% mark.