Local developers have recently converted their attractive shaker style building in Mitcham into studio rooms to let to try and meet what they consider to be a demand for high specification accommodation which falls between a room to let to lodgers and a purpose built flat.
Currently buy to let landlords can claim tax relief on monthly interest repayments at their personal level of tax which at the top level can be 45% saving a considerable amount of money on mortgage interest relief.
In a recent first tier Tribunal case, consideration has been given to whether a tenant can rely on assurances given by a residential letting agent when seeking to have their deposit returned.
