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Propertymark members have backed proposals to ensure tenants in Northern Ireland are given a range of ways to make rent and other related payments. The Department for Communities has been consulting on provisions in Section 12 of the Private Tenancies Act (Northern Ireland) 2022, which would allow them to enforce regulation on the methods of payment that should be offered.
Figures released by the Institute for Fiscal Studies (IFS) back up evidence given to the Department for Work and Pensions (DWP) Commons Committee by Propertymark on 28 June 2023. Head of Policy and Campaigns Timothy Douglas warned MPs of vulnerable tenants being priced out of the market.
Ground or water source heat pumps and the installation, alteration or replacement of an air source heat pump are now included under the General Permitted Development Order in Northern Ireland.
Skipton Building Society has launched a five-year fixed deal at a 5.49% rate with a maximum term of 35 years for tenants who can borrow up to 4.49 times their income up to a maximum of £600,000 to enable them to get onto the property ladder without a deposit.