Calling all Landlords who need Block of Flats Insurance

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IF you are a landlord who owns a block of flats or you are a freeholder within a management company that operates a block of flats, then we may be able to save you money on your block of flats insurance.

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Getting in the Ring – New Landlords Association

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The New National Landlords alliance, despite not being fully operational yet and awaiting the website build, has today got in to the ring to fight for landlords. See our tweet.

We have written to Chancellor Hammond with the following demands:

An amendment to sect 24 (we want it repealed) but decided to give them some wriggle room.

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Company let eviction with 3 months rent arrears

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I have a Company Let (no name of the Ltd Company ; only an individual name on the tenancy agreement) where the tenant is not paid rent for last three months amounting to GBP 10K . The LA (Letting Agent) made the agreement and we were too naïve to understand that a Company Let needs to have the LTD Company Reg number!

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Hamilton Fraser scoops “Best Landlord Insurance Provider�

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Industry Award:  

For the second year running Hamilton Fraser Total Landlord Insurance has won ‘Best Landlord Insurance Provider’ at the Insurance Choice Awards following a voting period which saw more than 24,000 UK consumers share their insurance experiences*.

Now in their third year, the Insurance Choice Awards are the largest consumer voted awards for the insurance industry.  In such a vast market, having categories which cover the whole spectrum, such as pet, home, car, cycle and travel, aims to make it easier for consumers to find the best insurance products specific to their needs from the most trusted providers.

Winners of the 18 product-specific awards were announced at The Insurance Choice Awards held on Thursday 4^th October at Café de Paris, London, hosted by comedian Paul Tonkinson. Hamilton Fraser won their category against finalists Simply Business.

Some of the reviews left by Hamilton Fraser customers, which contributed to their success, said:

“Efficient, good value, and with excellent, informative newsletters about helping landlords keep up to date with legislation, etc.�

“Total landlord gave me excellent service with very competitive pricing. I have already recommended them to other landlords that I know.�

“Excellent customer service. Always willing to go the extra mile and accommodate all my requirements.�

Eddie Hooker, CEO of Hamilton Fraser Total Landlord Insurance said:

“We’re constantly striving to make improvements to both our products and services, but good customer service has always been number one priority. We can’t always be the cheapest or offer the most, but we can always offer exceptional customer service and sound knowledge not only of the insurance industry but also buy-to-let. 

“It has been fantastic to read all the reviews which predominantly reinforce this, and we are extremely grateful to all of our landlords that took the time to vote.  The feedback not only helped us win, but also helps us continually evaluate and improve.â€�

Mike Fotis, Founder of Smart Money People, commented “Smart Money People was founded on the belief that people power can help to make financial services work better for everybody. The fact that these awards are customer-driven should make winners especially proud to take home an Insurance Choice Award in 2018.�

*Voting period was 2^nd July – 23^rd September 2018

About Hamilton Fraser

Based in Borehamwood, Hamilton Fraser, (parent company to Total Landlord Insurance, mydeposits, Property Redress Scheme, CMP and Landlord Action) provides specialist insurance and ancillary services for the private rented sector.

About Smart Money People

The Insurance Choice Awards are run by Smart Money People

Launched in October 2014, Smart Money People is the UK’s leading review and insight platform focused on financial services

Smart Money People delivers customer insight and research to financial organisations including banks, building societies, insurers and trade associations

As part of the voting process, consumers tell us about a range of factors, including the customer experience, whether they’ve felt fairly treated, what they like or even what improvements they’d like to see

©1999 – Present | Parkmatic Publications Ltd. All rights reserved | LandlordZONE® – Hamilton Fraser scoops “Best Landlord Insurance Providerâ€� | LandlordZONE.

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Potential Budget CGT relief and profit split for selling to long term tenants?

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On Friday we reported on the RLA Press release RLA ask for longer term tenancy tax incentive

However, over the weekend the Sunday Times has reported that government may consider adding an incentive to Landlords for selling to their long term tenants in the Budget on 29th October.

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All Scottish Letting Agents must be Registered

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Agent Registration:

As from the 1st October 2018, all letting agents operating in Scotland have to compulsorily join the Scottish Letting Agent Register and follow their Letting Agent Code of Practice.

Any agent in Scotland currently carrying out letting agency work, if they wish to continue doing so, had to submit an application to the Scottish Letting Agent Register last week. From then on it will be a criminal offence, with a potential £50,000 fine or face up to six months imprisonment, if agents continue to trade illegally, until their application has been determined.

Following the move it will become mandatory to have experience and hold professional qualifications in the lettings industry to occupy key roles in an agency. This is to be determined as part of the registration process. All registered agents will be required to have undergone appropriate training and become qualified in the various aspects of property letting and management.

In England, agent’s registration has always been resisted up to now on the premise that it restricts free trade and it is a cost to the taxpayer, relying instead on voluntary redress schemes and codes of practice. Despite this, inroads are slowly being made, with complaint and compulsory arbitration, plus client money protection (CMP) schemes.

In Scotland, post the registration deadline, key individuals in each agency, in a management or supervisory role, must meet a minimum standard of training. Those who have to be qualified as part of the registration process must have a relevant qualification covering the essential aspects of letting agency work.

For example, The National Approved Letting Scheme (NALS) offers an accredited course resulting in a qualification which meets the new Scottish agent’s registration requirements. It comprises of three modules, each with a test at the end, and a final end test.

This qualification is accredited by the Northern Council for Further Education (NCFE), a national awarding organisation. Candidates who successfully complete the course will be awarded an NCFE certificate.

The new rules aim to improve standards in the letting industry in Scotland, to make sure that agents are aware of the letting and safety rules and regulations and are proficient in handling clients’ personal data and monies paid to them by tenants’ on their principal, their landlord client’s behalf.

Persons will be authorised by the Scottish Ministers to undertake an inspection regime which will depend on the reason for the compliance visit. The Scottish Ministers may involve suitably qualified professionals or experts in the industry to undertake, or be a part of, any inspection.

For example, an issue involving finance my result in a inspection led by a chartered accountant or other circumstances may result in the involvement of the Trading Standards or even the Police.

The Scottish government is advising tenants and landlords to check that their agent is now registered in the scheme.

Register here: https://lettingagentregistration.gov.scot

Scottish letting agent code of practice – here

Regulation of Letting Agents Monitoring Compliance and Enforcement Framework – here

©1999 – Present | Parkmatic Publications Ltd. All rights reserved | LandlordZONE® – All Scottish Letting Agents must be Registered | LandlordZONE.

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