Making plans for 2018? What about student accommodation? Anyone whose personal experience of student housing dates back to the days before student loans will probably remember a breeze-block cell, a dingy bedsit or a house share reminiscent of a scene from The Young Ones. Accommodation for students was cheap, but it was rarely cheerful. But […]
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The costs of being a landlord If we had a pound for every time we’ve heard someone say that being a landlord and investing in property is a way to make easy money, we’d be sitting very pretty indeed. The truth is that although returns on a buy-to-let property can easily outstrip anything you’ll find […]
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Recently there have been several announcements in the press about buy-to-let mortgage providers tightening up their lending criteria. Skipton and Leeds Buildings Societies, Santander and New Street have all announced changes. NatWest has just released details of changes to its underwriting processes while stressing that it will continue to support investors. If you’re wondering what’s […]
Read MoreOne of the likely outcomes of the ban on upfront agency fees will be an increase in the fees charged to landlords. Coming on top of tax changes, landlords’ profitability is going to be under pressure. More and more of them will be trying to save costs and wondering whether they need to work with […]
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In the current climate, the focus is often on the protection of tenant’s rights, and it can be easy to forget that landlords get a raw deal when a tenant defaults on rental payments. Expenses are still incurred and there are legal costs to regain possession. If the property is not owned outright, mortgages still […]
Read MoreLegalforLandlords WINS “Professional Firm of the Year” IN E3 BUSINESS AWARDS 2017 Warrington based tenant referencing, insurance and legal service provider, LegalforLandlords has been named “Professional Firm of the Year” at the 2017 E3 Business Awards. The event was held on 13th July at the Macron Stadium in Bolton. The company, who offer referencing, insurance […]
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In April, the system for fining landlords in breach of housing regulations changed. There’s now a maximum penalty of £30,000 which can be imposed without court proceedings. What’s more, local authorities have the right to recover up to 12 months’ rent from those landlords who have harassed their tenants or let properties which are in […]
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Despite increasing rules, regs and tax changes, the numbers would suggest that plenty of landlords are still looking to grow their property business. A recent survey by brokers Mortgages for Business suggests 48 per cent of landlords want to expand, and that’s a big climb from the 41 per cent figure recorded in May 2016. […]
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Everyone is familiar with the advice that it’s worth paying a little extra for a quality product. We hear it in so many guises – c; false economy; you get what you pay for. We’re certain you could add other sayings to the list, but we’d like to warn you of another danger. Paying less […]
Read MoreWe quote from Her Majesty The Queen’s speech: “Proposals will be brought forward to ban unfair tenant fees, promote fairness and transparency in the housing market, and help ensure more homes are built.” It now looks likely that a draft bill will be published later this year, and with cross-party support, it probably won’t encounter […]
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Congratulations to Verity from our Insurance team who has won the LegalforLandlords employee of the quarter award. Verity has won £250 towards a break away. Well done Verity, well deserved!
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If you think that Airbnb is just a great way to find inexpensive accommodation for your next city break, think again. Airbnb and similar platforms are widely used to advertise rooms for subletting – a nasty business that can get private landlords into a lot of trouble. You should have a clause prohibiting subletting in […]
Read MoreThe best-laid plans of mice and men do have a habit of lurching off the track. If one thing is certain, this post-election morning, it’s that Theresa May’s decision to call a snap election has not, for her or her party, gone according to plan. And the result – in the short term at least […]
Read MoreNot every promise made as part of a manifesto makes it into the real world. Priorities and budgets change and political systems crawl along. Some promises remain things the parties would like to do rather than things they manage to implement. But we thought it a good time, with the general election looming, to peek […]
Read MoreNow that the dust has settled over the introduction of Right to Rent checks, the smaller details of the rules are beginning to cause some concern. We’ve just about got to grips with the idea of the initial check and the documents we’re required to keep, but what happens where all the checks are fine […]
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