The Welsh Government have announced the introduction of their new £8 million Tenant Saver Loan Scheme, which will be made available from the beginning of September to support those most affected by the Coronavirus pandemic.
With the demand for rental property on the increase and the sales market experiencing a significant rise in mortgage applications lockdown hasn’t been a deterrent for buyers and renters determined to make a change.
Growth in the rental sector has slowed but it is unlikely to mean it has become any more affordable for first-time buyers to get on the property ladder, Kent Reliance claims.
Rent Smart Wales enforcement activity is gathering momentum as the one year anniversary of the registration deadline approaches. Two more successful prosecutions have been heard at Cardiff Magistrates Court, including the first commercial agent in Wales to be found guilty of managing properties without a licence.
Landlords of properties England and Wales are being urged to check the energy ratings of any properties they let out to ensure that they do not fall flul of next year's regulatory changes.
