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Luton Property Market and Mysterious Politics of the General Election

Luton Property Market and Mysterious Politics of the General Election

As the dust starts to settle on the various unread General Election party manifestos, with their ‘bran-bucket’ made up numbers, life goes back to normal as political rhetoric on social media is replaced with pictures of cats and people’s lunch. Joking aside though, all the political parties promised so much on the housing front in […]

Luton Homeowners and their £2.76 billion Debt

Luton Homeowners and their £2.76 billion Debt

Over the last 12 months, the UK has decided to leave the EU, have a General Election with a result that didn’t go to plan for Mrs May and to add insult to injury, our American cousins elected Donald Trump as the 45th President of the United States. It could be said this should have […]

Luton’s New 3 Speed Property Market

Luton’s New 3 Speed Property Market

“What’s happening to the Luton Property Market” is a question I am asked repeatedly. Well, would it be a surprise to hear that my own research suggests that there isn’t just one big Luton property market – but many small micro-property markets? According to recent data released by the Office of National Statistics (ONS), I […]

Luton’s 7,173 Mortgage Time-Bombs?

Luton’s 7,173 Mortgage Time-Bombs?

According to my research, of the 77,462 properties in Luton, 33,208 of those properties have mortgages on them. 82.9% of those mortgaged properties are made up of owner-occupiers and the rest are buy to let landlords (with a mortgage). … but this is the concerning part .. 7,173 of those Luton mortgages are interest only. […]

Luton council consider licencing the towns landlords

Luton council consider licencing the towns landlords

The towns’ private rented sector is growing year on year and now makes up a significantpart of Luton’s overall housing market. The council state that they are considering taking steps to help improve the standards of living for all tenants ensuring they have a safe warm and affordable home allowing them to live in a sustainable community.

What does this mean for landlords of Luton?

For now this change is only in the consultation phase, however if approved it could mean that every private landlord in Luton (or their appointed managing agent) requires a certificate before they can let out their investment property. A certificate would be required for each individual property that a landlord owns.


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