Great news for landlords and homeowners as squatting becomes a criminal from September 2012. Squatters will now face up to a £5000 fine and up to a six months imprisonment if they take up residence in another person’s property.
Squatting over the past few years, has become a nightmare for some landlords and homeowners, with professional squatters moving in and taking possession of homes, and in the worse case scenarios have taken the opportunity to snatch homes whilst some home owners have just popped out.
The Landlord Syndicate, a network of companies providing a complete support centre for landlords, are relieved by the news that squatting is to become a criminal offence as of September this year.
So the news for landlords and would-be landlords is just getting better, with a 10% shortage of homes in the rental market in the UK, and interest rates on mortgages remaining the same, there has never been a better time to invest in your buy-to-let property.
So if your looking to invest in a second home or buy-to-let property, why not contact your local branch of Intercounty, as local knowledge is key when making a home investment.