Now, with the ongoing health crisis, the global economy is coming under pressure. In the UK, interest rates are at an all-time low, making mortgage borrowing extremely cheap. Further to this, the pound is low against the dollar, which has been exacerbated by recent events.
Void periods can be the bane of many landlords’ lives. Now new research shows they’re becoming less of a problem, but there are still things you can do to avoid them.
The base rate is the Bank of England’s official borrowing rate – ie, what it charges other banks and lenders when they borrow money – and it influences what borrowers pay and savers earn. But interest rates have generally been at historic lows since the 2008 financial crash.
Top savings goals for UK renters include saving for retirement (14%), spending money on their children (10%), buying a car (10%), and leisure activities such as going to the cinema or family days out (9%).
You must make sure the electrical system and any appliances provided are safe, and from July 2020 this may require a five-yearly check from a qualified person. For fire safety, you must provide fire extinguishers in an HMO, and provide smoke and carbon monoxide alarms.
According to the council’s Liverpool Local Plan, there are currently £14bn worth of regeneration projects on-site or in the pipeline, with billions worth of projects already completed.
Electrical Safety First has found that landlords are exposing themselves to significant financial risks, from fines and invalidated insurance, through not acting on their electrical safety obligations.
Thousands are expected to line the Pier Head to see the 65,000 tonne warship when it docks at Liverpool Cruise Terminal this Friday 28th February. Nearly 13,000 free tickets to board the aircraft carrier were given away online within an hour of them going live.
The epic Virgin Voyages cruise liner is visiting Liverpool today before heading to New York. The 2,700 passenger luxury liner is set to arrive into Liverpool Cruise Terminal at around 10am, depending on the weather.
The new system will run alongside the existing EU Settlement Scheme (EUSS), which grants permission to qualifying EU citizens to stay in the UK after 30 June 2021 under settled or pre-settled status.