Was the Base Rate increase an overreaction?

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Was the Bank of England’s decision to increase the Base Rate from 0.25% to 0.5% and overreaction to artificially high inflation figures or can we anticipate potential future adjustments upwards?

One of they key factors expressed several times by Mark Carney and his team for the increase in Base Rate is the erosion of slack within the economy with  unemployment falling to a 42 year low and global growth at a much higher overall level than the UK’s.

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Mortgage lenders for 10+ property portfolio other than TMW

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Hi is anyone aware of any mortgage lenders available for a 10+ portfolio with values from £50k other than TMW (I have given up looking for 40k lenders unless anyone know of one).

My wife and I have built up a portfolio of 15 properties over the last two years

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Illegal eviction results in criminal record

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Protection from Eviction Act:

Council makes an example of landlord to deter others.

A landlord from Clackton-on-Sea, who has been convicted of illegally evicting a family, has been given a community service order as an alternative to a jail sentence.

The Clacton Gazette has reported that Lisa Bottone, of Cotswold Road, Clacton, admitted breaching the Protection from Eviction Act 1977 when she appeared at Chelmsford Crown Court last Thursday.

Bottone was sentenced to a 12-month community service order, with a rehabilitation activity requirement of 20 days and was also ordered to pay £75 costs to her tenant victim Regina Dewar.

Tendring District Council, the prosecuting authority, said that tenant Miss Dewar had signed a 12-month tenancy agreement on 13^th September 2016 to live at the property in Cotswold Road, Clackton-on-Sea, and the council had agreed to pay the rent and the rental deposit.

After only one week landlord Ms Bottone visited her tenant Miss Dewar to inform her that she could no longer move in. When Miss Dewar contacted the council she was advised by council officers that landlord Ms Bottone would have to go through the proper court eviction procedures before she could bar her from the tenancy.

However, when tenant Miss Dewar arrived at the property to move in on September 22 she was barred entry. Two council officers attended and tried to persuade Ms Bottone, but she refused to change her mind. Consequently, the council officers proceeded to enforce the landlord’s breach of the Protection from Eviction Act 1977.

Council housing boss Paul Honeywood said he hoped the case would be a deterrent to other landlords.

“We came to a conclusion that in this instance the landlord did not have a reasonable cause to stop Miss Dewar’s occupation of the property,” he said.

“It was felt to be in the public interest to enforce the legislation to avoid homelessness and prevent other incidents occurring.

“Where there is sufficient evidence we will not hesitate to take action over illegal evictions – and that should be a warning to all.

“I welcome this prosecution and hope that it sends a clear message.”

The lesson for landlords here is: once a contract has been agreed by the parties, there is a commitment on both sides, and they can be held to account, the landlord to provide the service and the tenant to stay and pay rent. Barring a tenant entry to a legitimate tenancy is a criminal offence under the Protection from Eviction Act 1977.

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