The Prime Minister’s recent plan this week to limit the leases of council tenants has infuriated LibDems. Under David Cameron’s proposals, council tenants would be made to relinquish council homes if a change in their economic status proved they could afford to live in the private rented sector and their homes would be given to […]
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It’s surprising that in today’s economic climate, landlords are still agreeing tenancies without the necessary and proper tenant referencing checks. Landlords keen to let a property, especially one that has been vacant for some time forget and forego the preventative measures in eagerness to install a tenant to find that somewhere down the line, costs […]
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UK Housing Supply at Historic Lows Can anyone remember the last time a cement truck went past? New builds have reached their lowest number since the 1920’s, public spending cuts, unemployment and banking restrictions are laying waste to the housing sector, while statistics show a 4.5 million waiting list for social housing. The coalition are […]
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As one who has never relished delivering bad news, I’m thankful we don’t live in ancient Roman times, as I’m sure that as the bearer of the following property data I would be thrown into an arena to be eaten by lions, (although I do have some fab gladiator sandals for such an occasion). Latest […]
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The rise in Capital Gains Tax this year has put a lot of strain on landlords who invested in a buy-to-let by way of securing a pension for retirement. The now CGT, set at 28% without being indexed will no doubt take a chunk of a landlords retirement fund. A loophole through the purchase of […]
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Warning to Landlords: The Risks of Letting Properties Without Proper Tenant Referencing Landlords were warned of the dangers of renting properties without due diligence. At an information evening organized to warn landlords on how to avert being duped into renting properties to illegal drugs organisations, D.I. Bill Stupples of Merseyside Police Matrix Unit gave advice […]
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Mortgage Approval Numbers and Lending Market Conditions According to the Bank of England, the number of mortgage approvals fell to 48,000 last month, (June) compared to 51,000 in May. Although a 15% seasonal rise in the value of mortgage lending increased to £13.1bn, up from £11.4bn in May offers a slight marked improvement from the […]
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Record Tenant Referencing and Eviction Activity Last month saw LegalforLandlords total a record 2648 tenant references. Since January this year the landlord legal service provider has completed 13,359 tenant references for landlords and letting agents. June also saw 113 evictions completed on behalf of the lettings industry. The legal company, which has been trading for […]
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Although many industry sectors are feeling the pinch during the recession, it seems entrepreneurs are faring much better through franchises than their ‘start from scratch cousins’. Data captured through the ‘Small Business Service’, recorded that only one third of new business start up in the UK will make it past the 3-year stage. The Franchise […]
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In February this year it was reported that one of the UK’s largest private landlords, with an empire worth a quarter of a billion pounds had begun to run into difficulties and were looking to offload their vast portfolio of properties. To avoid repossession or receivership, they entered into management arrangements with their lenders. Data […]
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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 […]
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