It seems that with the arrival of spring the builders come out of hibernation. There are several apparently dormant sites locally which seem to have miraculously sprung into action, with ground clearance works and foundations appearing. The speed at which new build flats and houses are built is a credit to the building trade, which seems to have mastered the art of Lego-construction.
For some time the government has been trying to introduce legislation to help protect tenant's deposits from landlords who retain money unfairly. In the past there was no central scheme specifically set up to arbitrate a dispute between a tenant and landlord where damage to the property is alleged to have occurred.
Buy to Let lenders have started adjusting their lending criteria as the long awaited buy-to-let price war hots up. Lenders, including The Coventry Building Society, have recently announced changes to their rental calculations. A few short years ago rental cover of between 130% to 150% was the norm, now The Coventry have reduced theirs to 120% with some lenders dropping cover to just 100%.
