Grant Shapps, new Housing Minister, may have rode into town declaring his role as new sheriff by making some changes to the outdated policies of the former government, but it appears that his predecessor, Jonathan Healey’s HMO classification reform is to remain in the power of the local authorities themselves. To come into effect as […]
Read MoreLast month’s report of the Essex landlord, left with a £47,000 repair bill on his property, after damage caused by a tenant, is becoming an all to common story. Along with the damage caused, the landlord also found himself out of pocket to the tune of £12,200 in rent arrears not to mention the cost […]
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Buy-to-Let Lending Update: Market Trends, New Mortgage Products, and Interest Rate Outlook It’s been a quiet recently on buy-to let lending. A lack of faith in the industry due to the emergency budget and public sector cuts are being contributed to a slow period of growth. However, this year house prices in general have seen […]
Read More‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾ Because of the high volume of sales enquiries, we are looking for motivated sales personnel for our Warrington Head Office. We provide legal services to the private rented sector. As a young company we can offer the right candidates long term opportunities along with an attractive package. You will be working alongside a friendly […]
Read MoreAt some point, every landlord falls for a tenant’s story of hard luck and woe. Thankfully most tenants are straight-forward, pay rent on time and treat the property with respect as the home it was intended to be. Unfortunately, there are always exceptions to the rule and now and then a landlord comes across a […]
Read MoreWith capital gains tax now levied at 28%, it has been revealed that H.M Revenue & Customs are ardently investigating people who they think may be evading the tax by placing taxable profits in offshore accounts. Buy – to -Let Landlords who sell property and don’t declare the be warned! Ordinarily income, which is taxed […]
Read More‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾ A landlord’s life is not an easy one. Apart from the paperwork, red-tape, bureaucracy, rent and mortgage issues to consider, there’s still the upkeep and maintenance of a property to consider as well as responsibility to tenants, not to mention employees and contractors. Last year one property company in Bristol was fined £18,000 and […]
Read MoreWith less houses available and less public money to build new social housing, the private rented sector provides much needed housing for those who are unable to buy. Although the sector was first initially warned of a capital gains tax that was likely to be in a 40%-50% bracket to bring it in line with […]
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The government’s decision to clamp down on the £21bn housing benefit bill has sent shockwaves throughout the private rented sector. From next April, housing benefit will be capped at £400 per week for a 4+ bedroomed property, £340 for a 3-bedroomed, £290 for a 2-bedroomed and £250 for a 1-bedroomed. The cut is aimed to […]
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There’s been much debate and banter in the news in the run up to 22nd June about the Chancellor’s economic strategy regarding the emergency budget. Yesterday, laying facts to all the conjecture, George Osborne delivered his emergency budget. · The controversial CGT hike, which was first proposed last month at an intended increase to 40-50 […]
Read MoreJust as Samantha Cameron is busy remodelling in Downing Street, it appears her husband’s party and his coalition partners are also busying themselves with a clear-out of their predecessors out worn policies. Since the election in May and the appointment of Grant Shapps as Housing Minister and his ‘age of aspiration’, the PRS has seen […]
Read More‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾ There’s some good news this week for the PRS in England and Wales, as Housing Minister, Grant Shapps announced the scrapping of any intention for a national landlord register. In response to Labour’s landlord register scheme, Shapp’s decision to ditch the register was due to his view that such a scheme would not encourage […]
Read More‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾ If only evictions were as easy and straightforward like the ones on Channel 4s Big Brother. Although most evictions are due to rent arrears and none payment of rent, there is still a number of landlords who serve notices due to nuisance tenants. Last year one landlord issued an eviction notice on 2 tenants […]
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Why Landlords Always Read Repair Requests Carefully This post offers a welcome moment of levity for landlords at a time when the sector is facing uncertainty and pressure. Against the backdrop of an upcoming budget and widespread industry concern, it shares a collection of unintentionally humorous extracts from real-life tenant correspondence. The examples highlight how […]
Read MoreThere is always the odd, undesirable hard to let property that becomes the bane of a landlord. The one that was bought when an area seemed reasonable, but has since gone to the dogs. Selling the property becomes out of the question as any sane buyer wouldn’t touch it with a proverbial bargepole. The temptation […]
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