By: Madalena Penny Landlords Warned to Act Quickly Landlords need to act fast when dealing with tenant arrears, advised Stephen Moss, Senior Partner of landlord legal network, ‘Legal 4 Landlords’. Mr. Moss added: “Landlords acting alone and without the protection and support of letting agents can fall victim to thousands of pounds of loss due […]
Read MoreBy: Madalena Penny A recent report by the Chartered Institute of Housing revealed that 100,000 new houses are to be built this year. Under the previous labour government it was announced that 240,000 new builds would need to be completed every year running up to 2020 to sustain the populations housing needs. The report by […]
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By: Madalena Penny Landlords risk prosecution for failing to understand harassment legislation warned Sim Sekhon of ‘Legal 4 Landlords’. Earlier this year, one landlord was charged with harassment and fined £750 when he visited his tenant at the supermarket she worked at to discuss the 12 weeks rent she owed after numerous failed attempts to […]
Read MoreIain Ritchie has managed the Glasgow regional office for Legal 4 Landlords for the past 18 months. In an interview with Amanda Fitzgerald of Farrell-Ambrose, he explaines his experience as a franchisee for the Landlord Legal Network. 1.Why you chose this particular franchise? I chose this particular franchise because of several factors; The BFA Associate […]
Read MoreWith 16 regional offices established across the UK in the last 2 years, legal services, ‘Legal 4 Landlords’ have just been made an Associate Member by the British Franchise Foundation (BFA). As the fastest growing network, the expanding organisation offers support and legal services to the private rented sector, covering; evictions; tenant referencing; deposit schemes; […]
Read MoreBy: Madalena Penny Since the 1950s & 60s, landlords have tried to shake off the bad image created by notorious slum landlord Peter Rackman. Building a property empire of 100 mansion blocks and 3 nightclubs in West London, the property tycoon who was known to be associated with the Kray twins became infamous for driving […]
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By: Madalena Penny In July this year, the national press published our warning to landlords about the dangers of renting houses to tenants offering 6 months rent in advance. Drug cultivators and manufacturers have long targeted residential landlords in a bid to establish drug factories in residential neighbourhoods. As landlords have begun to enforce more […]
Read MoreBy: Madalena Penny Landlords acting faster when dealing with defaulting tenants have contributed to the improvement in tenant arrears, according to LSL Property Services. As the largest lettings agent network in the UK, LSL’s research showed that 84% landlords reported that tenant arrears had remained stable or declined in the past 12 months, despite the […]
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By: Madalena Penny, “Legal 4 Landlords” T.S. Eliot may not have been a landlord, a government housing minister or a property investor, but he understood the fundamental value of the security a home provides to its occupants. Combining philosophy with the lettings industry may seem an odd mix, but as the current trends evidently express, […]
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By: Madalena Penny As all data presented recently points to a strong demand for private rented properties, on the surface it may appear landlords are faring better than most in these unstable economic times. However, digging a little deeper, there are some serious and significant flaws that landlords are facing, which could cause major issues, […]
Read MoreBy: Madalena Penny Problems in obtaining mortgages, worries over double dip price falls, large deposits insisted upon by mortgage lenders and a shortage of properties have been named as contributing factors for a surge in tenant demand and rental values being pushed higher, suggested the latest survey from RICS, (The Royal Institute of Chartered Surveyors). […]
Read More‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾ By: Madalena Penny This week the RLA (Residential Lettings Association) called for all landlords to support their campaign concerning the proposed changes to the Local Housing Allowance. In a bid to make the coalition government understand that their alterations to housing benefit rates will have a serious impact and result in negative consequences not […]
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Banks have dominated the financial and popular news of late. With calls from the government, campaigns by the media and angry consumer groups calling for banks to ease up on lending and to pass on some of their profits to ease their customers financial burdens imposed by the high street financial institutions. In a survey […]
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As the UK sees tenant demand increase, tenant referencing has become an essential and intrinsic necessity employed by landlords and letting agents alike. Whether you rely on data or just plain common sense, it becomes obvious that when enforced, correct tenant referencing saves time, cost and a heap load of trouble in the long-term. The […]
Read MoreThe HCA Initiative The UK government’s national housing body, the Homes and Communities Agency (HCA) announced in May its aim to attract institutional investment for private rented affordable housing. Sixty-four business’s responded to the HCA’s offer including Aviva Investors, who currently manage £316bn of investments. Andrew Appleyard, head of specialist funds at Aviva Investors […]
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