Mayo Developments

We hope you all will have a wonderful Christmas! Merry Christmas!

Andrew Bailey, Bank of England Governor, is uneasy about the inflation situation as inflation is above target. He added that the most important factor for his vote is the development of in the labour market. Property118.com
https://www.property118.com/bofe-governor-feeling-uneasy/

BofE Governor feeling uneasy - Property118 The Bank of England Governor, Andrew Bailey, was giving evidence to the Commons Treasury select committee and told them: “I’m very uneasy about the inflation situation. I want to be very clear on that. It is not, of course, where we wanted to be

A landlord unknowingly hired an unregistered electrical contractor for the EICR inspection. When the EICR Certification was submitted it was rejected by the council as the contractor is not allowed to conduct such. Property118.com
https://www.property118.com/eicr-inspection-carried-out-by-unregistered-electrical-contractor/

EICR Inspection carried out by unregistered electrical contractor? - Property118 I have recently applied for selective licensing as required by the council. After submitting relevant documents, the council have rejected the EICR as the contractor is not registered to carry out inspections, only domestic installation. I have subsequently managed to verify this too with NICEIC who...

No rogue landlords were prosecuted related to standards in or the management of private rented housing from the 2/3 of English Councils for the past 3 years. Property118.com
https://www.property118.com/research-lays-bare-failure-to-tackle-criminal-landlords/

Research lays bare failure to tackle criminal landlords - Property118 Two thirds of English councils have prosecuted no landlords for offences related to standards in or the management of private rented housing over the last three years. The National Residential Landlords Association is warning that this failure to take action against the criminal minority brings the....

After a formal complaint was field by leaseholders, the Residential Management firm ABC Block Management has been expelled. Property118.com
https://www.property118.com/wow-they-must-have-been-bad/

Wow! They must have been bad? - Property118 Finally, an industry body actually doing its job. Richard Davidoff’s ABC Estates booted out. “Residential management firm ABC Block Management has been expelled from industry body the Association of Residential Managing Agents (ARMA) after a formal complaint by leaseholders and a property tribun...

The figures from the DPS shows an increase of deposits from students, this goes to show more students are looking for places near their University.
Property118.com
https://www.property118.com/students-returning-in-greater-numbers/

Students returning in greater numbers - Property118 Figures from The Deposit Protection Service (The DPS) have suggested that students returned to university in greater numbers this year compared to 2020 with 25% more students registering deposits between 1 August and 26 October compared with the same period during 2020.