Is the rising cost rumor mongering

Not too long ago, a legislation banning letting agents from charging tenants upfront fees was passed. Its purpose is to lessen the expenses a tenant encounters from the beginning and throughout the duration of a tenancy. Under the Act, tenants are able to see how much an advertised property is actually valued without any hidden cost. The landlord under the Act will be shouldering the upfront fees.

Right to Buy your home

The Right to Buy was a scheme initially introduced in 1980 where council and some housing association tenants were given the chance to buy their homes at a reduced price. The deductions depend on the type of property you want to buy and your length of stay. If you are a council tenant and have lived in the same house for three years, you can get a 35% discount off the purchase price.

House prices in the UK recover

According to the Halifax House Price Index, the prices of houses in the UK went up 2.1% in November as compared to last year, with prices at an average of £234,625, exceeding February’s £234,195, this year’s previous highest.

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