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Private Rented Sector
The private rented sector (PRS) is a classification of United Kingdom housing tenure as described by the Ministry of Housing, Communities and Local Government, a UK government department that monitors the national housing supply. Other classifications are: * Owner-occupied * Rented from registered social landlords (housing association) * Rented from local authorities In 2014 the private rented sector consisted of 2.7 million dwellings in the United Kingdom, or some 10 percent of the total housing stock. Of this total, 2.4 m were in England, representing 12 percent of the English housing stock. The sector had grown by over 10 percent in the previous ten years and, according to the Centre for Economics and Business Research, was forecast to grow by a further 40 percent over the coming ten years . However, government measures introduced by George Osborne as Chancellor of the Exchequer were aimed at reducing its size, and the sector began to shrink in 2017. History F ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
United Kingdom
The United Kingdom of Great Britain and Northern Ireland, commonly known as the United Kingdom (UK) or Britain, is a country in Europe, off the north-western coast of the continental mainland. It comprises England, Scotland, Wales and Northern Ireland. The United Kingdom includes the island of Great Britain, the north-eastern part of the island of Ireland, and many smaller islands within the British Isles. Northern Ireland shares a land border with the Republic of Ireland; otherwise, the United Kingdom is surrounded by the Atlantic Ocean, the North Sea, the English Channel, the Celtic Sea and the Irish Sea. The total area of the United Kingdom is , with an estimated 2020 population of more than 67 million people. The United Kingdom has evolved from a series of annexations, unions and separations of constituent countries over several hundred years. The Treaty of Union between the Kingdom of England (which included Wales, annexed in 1542) and the Kingdom of Scotland in 170 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Assured Shorthold Tenancy
The assured shorthold tenancy (AST) is the default legal category of residential tenancy in England and Wales. It is a form of assured tenancy with limited security of tenure, which was introduced by the Housing Act 1988 and saw an important default provision and a widening of its definition made by the Housing Act 1996. Since 28 February 1997 in respect of accommodation to new tenants who are new to their landlords, the assured shorthold tenancy has become the most common form of arrangement that involves a private residential landlord. The equivalent in Scotland is short assured tenancy. Requirements The tenancy must meet the basic requirements of an assured tenancy (excluding the security of tenure effects) and all of the following: # Any of the following: ## The tenancy started between 15 January 1989 and 27 January 1997 (inclusive) and was accompanied by a prescribed warning, was for a fixed term, and for at least six months ## The tenancy started at or after 28 February ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Build-to-rent
Build to rent (BTR) refers to the emerging sub-market in private rented residential stock, designed specifically for renting rather than for sale, typically owned by institutional investors and managed by specialist operators. Growth in the UK market In October 2016, it was estimated that only some 8,000 units had been built with a further 15,000 units under construction. To date, the majority of completed projects have come forward in London and the major provincial cities such as Manchester, Liverpool and Sheffield. Construction is now underway in Birmingham and Leeds. The UK Government is reportedly encouraging the sector's growth. By September 2019 the number of units either built or in construction was reported to have increased to 35,000 following large developments by a number of firms report in the media. Build-to-rent is the most contemporary development in the private rented sector (PRS) and offers housing across the full spectrum of privately rented accommodation ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Buy To Let
Buy-to-let is a British phrase referring to the purchase of a property specifically to let out, that is to rent it out. A ''buy-to-let'' mortgage is a mortgage loan specifically designed for this purpose. Buy-to-let properties are usually residential but the term also encompasses student property investments and hotel room investments. History Before the 1980s the number of private individuals who became landlords was very small. Buying a property to rent was seen as the preserve of professional landlords and persons who were sufficiently wealthy to pay cash or having sizable deposits enabling them to obtain commercial-style mortgages. The modern 'buy-to-let' mortgage was not available and the possibility of purchasing property as a means of funding a retirement income did not occur to most people. The infrastructure of loans, advice, and information was not available. The critical change came with the Housing Act of 1988 when the assured shorthold tenancy came into being. This g ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Shelter (charity)
Shelter is a registered charity that campaigns for tenant rights in Great Britain. It gives advice, information and advocacy to people and lobbies government and local authorities for new laws and policies. It works in partnership with Shelter Cymru in Wales and the Housing Rights Service in Northern Ireland. The charity was founded in 1966 and raised 48.2 million pounds in 2020/21. Shelter helps people in housing need by providing advice and practical assistance, and campaigns for better investment in housing and for laws and policies to improve the lives of homeless and badly housed people. History Shelter was launched on 1 December 1966, evolving out of the work on behalf of homeless people then being carried on in Notting Hill in London. The launch of Shelter hugely benefited from the coincidental screening, in November 1966, of the BBC television play ''Cathy Come Home'' ten days before Shelter's launch. It was written by Jeremy Sandford and directed by Ken Loach – and hi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Electrical Safety First
Electrical Safety First (formerly the Electrical Safety Council, or ESC) is a registered UK charity working with all sectors of the electrical industry as well as local and central government to reduce deaths and injuries caused by electrical accidents. Research shows that every year 2.5 million adults get an electric shock in their homes or garden, any of which could have caused injury or death. In 2007, according to government statistics, there were 19 deaths and 2,788 injuries caused by electric shocks. In addition, electricity is now the major cause of accidental domestic fires in UK homes with over 21,000 in 2007. In that same year there were 49 deaths and 3,477 injuries. The charity, through its activities and partnerships, aims to ensure that consumers’ needs are recognised and that issues of electrical safety are given the appropriate priority. History Electrical Safety First was established as the National Inspection Council for Electrical Installation Contracting (N ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
First-tier Tribunal
The First-tier Tribunal is part of the courts and tribunals service of the United Kingdom. It was created in 2008 as part of a programme, enacted in the Tribunals, Courts and Enforcement Act 2007, to rationalise the tribunal system, and has since taken on the functions of 20 previously existing tribunals. It is administered by His Majesty's Courts and Tribunals Service. Chambers and jurisdiction The tribunal currently consists of seven chambers, structured around subject areas (although the General Regulatory Chamber has a very broad remit). The chambers may be divided into sections, mirroring the jurisdictions inherited from the tribunals which have been merged into the First-tier Tribunal. Different jurisdictions have been transferred into the tribunal in a programme which began in 2008 and is continuing. Judiciary The judiciary of the First-tier Tribunal comprises tribunal judges and other members. Legally qualified members of the former tribunals became Tribunal Judges of t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Section 8 Notice
A Section 8 notice, also known as the Section 8 notice to quit or Form 3. It is a prerequisite if the landlord of an assured tenancy or assured shorthold tenancy wishes to obtain possession order from the court, thereby ending the tenancy, for a reason based on a circumstance entitling the landlord to possession under the grounds pleaded. It is used in England and Wales and is part of the Housing Act 1988.http://www.legislation.gov.uk/ukpga/1988/50 Housing Act 1988 as amended by the Housing Act 1996. Overview An assured shorthold tenancy may also be ended by the execution of a possession order based on a Section 21 notice. The differences between the Section 8 and Section 21 procedures are: * A Section 21 notice may be used without the landlord giving any reason, whereas for a Section 8 notice to be used the landlord must satisfy one of the statutory grounds for eviction. * The Section 8 notice may be used for an assured shorthold tenancy or an assured tenancy. Section 21 Not ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Section 21 Notice
In England and Wales, a section 21 notice, also known as a section 21 notice of possession or a section 21 eviction, is the notice which a landlord must give to their tenant to begin the process to take possession of a property let on an assured shorthold tenancy without providing a reason for wishing to take possession. The expiry of a section 21 notice does not bring a tenancy to its end. The tenancy would only be ended by a landlord obtaining an order for possession from a court, and then having that order executed by a County Court bailiff or High Court enforcement officer. Such an order for possession may not be made to take effect earlier than six months from the beginning of the first tenancy unless the tenancy is a demoted assured shorthold tenancy. If the court is satisfied that a landlord is entitled to possession, it must make an order for possession, for a date no later than 14 days after the making of the order unless exceptional hardship would be caused to the tenant ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Housing Act 1988
The Housing Act 1988 is an Act of Parliament in the United Kingdom. It governs the law between landlords and tenants. The Act introduced the concepts of assured tenancy and assured shorthold tenancy. It also facilitated the transfer of council housing to not-for-profit housing associations, which was then carried out partly through the system of Large Scale Voluntary Transfer. History Under the system of protected and statutory tenancies, tenants had the right to stay in a landlord's property almost indefinitely and pass the tenancy down to relatives. The difficulties landlords could face in trying to regain possession of their property created disincentives to owners' letting properties, which along with the fact that most council houses had been sold caused a housing shortage. In 1979, a Conservative government headed by Margaret Thatcher was elected. Thatcher sought to revamp the rented sector. At the time of the Housing Act 1988's enactment, the private rented sector accoun ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Ministry Of Housing, Communities And Local Government
The Department for Levelling Up, Housing and Communities (DLUHC), formerly the Ministry for Housing, Communities and Local Government (MHCLG), is a Departments of the Government of the United Kingdom, department of Government of the United Kingdom, His Majesty's Government responsible for Housing in the United Kingdom, housing, communities, local government in England and the Levelling up policy of the Boris Johnson government, levelling up policy. It was established in May 2006 and is the successor to the Office of the Deputy Prime Minister, established in 2001. The department shares its headquarters building, at 2 Marsham Street in London, with the Home Office. It was renamed to add Housing to its title and changed to a ministry in January 2018, and later reverted to a government department in the 2021 British cabinet reshuffle, 2021 reshuffle. There are corresponding departments in the Scottish Government, the Welsh Government and the Northern Ireland Executive, responsible f ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Chancellor Of The Exchequer
The chancellor of the Exchequer, often abbreviated to chancellor, is a senior minister of the Crown within the Government of the United Kingdom, and head of His Majesty's Treasury. As one of the four Great Offices of State, the Chancellor is a high-ranking member of the British Cabinet. Responsible for all economic and financial matters, the role is equivalent to that of a finance minister in other countries. The chancellor is now always Second Lord of the Treasury as one of at least six lords commissioners of the Treasury, responsible for executing the office of the Treasurer of the Exchequer the others are the prime minister and Commons government whips. In the 18th and early 19th centuries, it was common for the prime minister also to serve as Chancellor of the Exchequer if he sat in the Commons; the last Chancellor who was simultaneously prime minister and Chancellor of the Exchequer was Stanley Baldwin in 1923. Formerly, in cases when the chancellorship was vacant, the L ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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