How to deal with tenant subletting to cousin in breach of AST?

admin    Uncategorized     agents

We have tenants (a couple & their two children) in our B2L. They look after it and pay the rent on time and I’d like them to stay.

We had a big void before they moved in and we accepted a significant discount on the market rent.

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Facebook debate invite requested by MP on Housing Standards Bill

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Labour MP, Karen Buck, who brought the Private Members Bill ‘Homes (Fitness for Human Habitation and Liability for Housing Standards) Bill 2017-19’ to Parliament is requesting feedback from tenants on Facebook.

However, there is no request to include feedback from Landlords!

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Property Master’s early success leads to expansion and a wider product range

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Buy-to-Let Mortgages:

The digital buy-to-let mortgages start-up, Property Master uses advanced algorithms to match the requirements of individual private landlords against the entire buy-to-let mortgage market, is planning further expansion.

This announcement comes as the company begins a new round of fundraising to support its continued growth. Launched in May of last year with the stated aim of “shaking up the current buy-to-let mortgage market” currently served by around 12,000 mortgage brokers.

The company has attracted financial backing from a broad range of investors including a minority stake being taken by LSL Property Services, whose estate and letting agency brands include Your Move and Reeds Rains.  PM has now commence a new round of crowdfunding through the Seedrs website.

Angus Stewart, Chief Executive, Property Master, said:

“Our vision is to become the destination site for private landlords looking for the products and services needed to support their business.  With an estimated two million private landlords in the UK this is an attractive market to be in.

“It’s also a market ripe for the kind of disruption we have already seen new technology bring to other areas of the property market with online estate and lettings agencies as well as digital residential mortgage brokers.”

Mr Stewart added:

“Our first step is to continue to revolutionise the way private landlords look for mortgage finance which we do by matching individual landlords with the best deals available to them at that moment in time.

“Essentially, we have completely automated what was a manual, complex process so we can provide individual landlords with an easy to access and free mortgage advisory service with the added bonus at the end of it of actual pre-approved mortgage offers.  Over 10,000 landlords have already tried us out and a typical remortgage saving is around £1,800.”

The bid for expansion by Property Master comes as recent figures from UK Finance show remortgaging to be at record levels as borrowers seek to lock in low interest rates ahead of base rate moves.

“Now that we are in an environment of both rising interest rates and an increasing tax burden, we are finding private landlords becoming much more discerning about their funding costs.

“We offer them the assurance that the deals our digital tools find for them really are the best available and as those deals have already been pre-screened landlords know they can quickly move to completion.”

Mr Stewart continued:

“Our business is now moving into a new phase and we are on track to develop a uniquely comprehensive range of online landlord services enabling the convenient management of properties at lower cost, including sophisticated portfolio finance tools of interest to landlords with multiple properties.  We are excited to be talking to new potential backers and would urge anyone interested in joining this fundraising round to visit the Seedrs site.”

©1999 – Present | Parkmatic Publications Ltd. All rights reserved | LandlordZONE® – Property Master’s early success leads to expansion and a wider product range | LandlordZONE.

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New rent reporting system that links tenants’ rental payments with their credit report

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A new proptech platform has launched today that links tenants’ rental payments with their Experian credit report and provides a full rent reporting service for letting agents and landlords.

The Credit Builder platform is designed to help tenants improve their credit history by building up a validated rental record which they can share with future landlords and financial institutions

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Fergus Wilson sues YouTuber for calling him racist

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Buy-to-Let Landlord:

Mr Danny Hyde, YouTube blogger and controller the YouTube channel Danny Hyde TV, is being sued by controversial landlord Fergus Wilson for what he says is a “grossly offensive” video. Wilson believes the video breaches the malicious communications act 1988.

Wilson is suing the YouTuber for £10,000 over the video he uploaded to YouTube saying the property mogul was ‘coming across as racist.’

The dispute stems from Mr Wilson’s policy banning ‘coloureds’ from renting his properties because of curry smells.

Mr Wilson who owned up to 1,000 rental properties in Kent before he started to sell off chunks of his portfolio told the Kent Messenger that he took particular offence at being called a “rude term” among other insults levelled at him in the video.

Danny Hyde, who has nearly 2,000 subscribers, said in his video that Mr Wilson was ‘coming across as a racist,” and that other measures such as air fresheners and opening windows could be used to get rid of curry smells, rather than just banning certain people.

Mr Wilson said that legal action against the vlogger was not due to any implication that he was racist, but because of the language he chose in the expletive laden video.

He said:

“I won’t take action over people who say I’m racist because there are too many people and I can’t sue them all.

“It’s not the content of what he wanted to say, it was the language that he selected, I was appalled at what this chap said in his opening sentence.”

If Mr Hyde doesn’t settle out of court, the landlord has threatened to bring a private prosecution against him.

In November last a court ruled that Mr Wilson’s policy preventing people from renting his properties based on their ethnicity was unlawful following intervention from the Equality and Human Rights Commission (EHRC).

An injunction was imposed, banning Wilson from applying criteria discriminating against “coloured” tenants, or those of Indian or Pakistani backgrounds. The injunction is to remain in place for three years. At the time the multi-millionaire was asked to pay costs of £2,665. If Mr Wilson complies with the ruling, the court said no further action will be taken.

The Wilson’s Letting Criteria

Letting Criteria from 1^st January 2017

Like any business we are consistently fine tuning to best advantage.

The following are not acceptable:

1)      Tenants with children under 18. A child over 18 can be a co-tenant

2)      Only tenants with a Rent Guarantee

3)      No single mums or single fathers

4)      No tenants on Housing Benefit

5)      No low income workers

6)      No single adults

7)      No Zero hours workers

8)      No plumbers

9)      No battered wives

10)   No smokers

11)   No tenants with pets

Both tenants names to go on the Tenancy! Take National Insurance. Take car numbers. Take details of employment.

Fergus Wilson 27 12 2016

Fergus Wilson defends tenant selection policy

Mr Hyde’s offensive video – Landlord Bans “Coloured” People Because Of Curry!

2014 Channel 4 video about the Wilson’s – Tenants ‘nervous’ of landlord Fergus Wilson

©1999 – Present | Parkmatic Publications Ltd. All rights reserved | LandlordZONE® – Fergus Wilson sues YouTuber for calling him racist | LandlordZONE.

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