Message To ALL Mortgage Brokers

admin    Uncategorized     agents

Dear Mortgage Broker

If you have seen the level of your new Buy-to-Let mortgage and remortgage applications reducing, this is probably due to the fact that your clients are concerned about the changes to finance cost relief.

Many landlords are either selling up or burying their heads in the sand

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Mixed LLP Case Study – Huge Tax Benefits For Landlords

admin    Uncategorized     agents

Mr X owns properties in both his own name and a Limited Company.

His daughter (Sally) works for the company on an employed basis, for which she receives a salary of £30,000. The company pays employers National Insurance on this and Sally pays both employees National Insurance plus tax.

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Share your views on tax changes and energy efficiency

admin    Uncategorized     agents

The RLA has launched its Quarter 3 survey, and we want to hear from landlords and letting agents about their views and experiences! The research this quarter focuses on the impact on the private rented sector of changes to taxation and tax reliefs. There is also a special section on possible tax breaks to promote […]

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Ever wonder why you’ve had a run in with a Local Authority?

admin    Uncategorized     agents

Its like that Council hasn’t got anything better to do! I know its not a Housing issue, but I thought it relevant to show the inadequacies of L.A’s as they relate to Landlords for Housing matters like Licensing.

They should spend their time enforcing against the Really rogue Agents and Landlords

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RLA opposes plans to renew Wirral selective licensing scheme

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Plans to renew and extend a selective licensing scheme in Wirral have been opposed by the RLA. Wirral Council has put forward plans to re-designate four existing selective licensing areas that are due to expire at the end of June 2020. These areas include Birkenhead South, Egerton North, Egremont Promenade South and Seacombe Library. In […]

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Rents grow as housing market slows

admin    Uncategorized     agents

HOMELET’s Rental Index figures for September 2019 have been released. The headlines from this month’s report are:

The average rent in the UK is now £967, up by 2.5% on the same time last year

When London is excluded

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Upad no longer accepting new business

admin    Uncategorized     agents

One of the Uk’s first online letting agents, Upad has confirmed it will no longer be accepting new business and it’s home page has now been redirected to >> https://www.upad.co.uk/closed.html

The founder of Upad, James Davis, told The Property Industry Eye at the weekend that he recently spent 5 months recovering from an emergency heart operation and had “lost his drive.”

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Agency backs down over tenant fees due

admin    Uncategorized     agents

Fees ban:

A Manchester based
letting and management agency backed down over its claim for letting
fees after intervention action from a tenants’ Manchester and
Liverpool based union.

The tenant fees ban
came into force in June this year, but agents are within their rights
to apply tenant fees for contracts signed before then – it is
purely at the desertion of an agency whether or not these fees are
waived.

However, following concerted pressure from Acorn, a tenant’s union, the agency involved, Ascend, of Washway Road, Sale, decided to waive its fees.

Following a mass protest from Acorn members outside the agency offices, which involved jambing the company’s telephone lines, a letter was handed to the manager reminding him that it was in his discretionary power to waive the outstanding fees.

A decision was made
at the agency head office very quickly and it was decided to waive
them.

Acorn said the
letter stated:

“Acorn is here
today because you are callously threatening your tenants with
homelessness.

“These fees are
paid to the agency, not the landlord.

“Ascend are simply
attempting to line their own pockets at the expense of tenants and
landlords.”

This was underlined
by a threat that Acorn would “be forced to take further action”
if the situation was not rectified.

El, an Acorn member
who claims he was facing an eviction threat from Ascend for
organising other tenants against the fee claim, told the Star
newspaper:

“Ascend have made
me and my housemates feel stressed throughout the situation.

“It’s affected
all aspects of our lives and we are so glad that Acorn were there to
back us.”

Acorn organiser Kat
Wright told the Star:

“We won in twelve
minutes.

“Our member was
being threatened with eviction for organising against fees, which we
think are unfair and immoral – and while they may be legal, we
refuse to pay them.

“Now the fees are
withdrawn, as is the Section 21 threat.

“This absolutely
wouldn’t have been possible if we hadn’t had a rowdy picket with
loads of members amping up the pressure.”

The newspaper did not print any response from Ascend.

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Asbestos and rental property

admin    Uncategorized     agents

I have one rental property. Purpose built in 1960s, typical construction of it’s era. I would like to highlight for other landlords their risks and responsibilities regarding this awful material and am interested to receive any advice from others who have experience.

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Online agent Upad to close: what happens next?

admin    Uncategorized     agents

Online letting agent Upad is closing with immediate effect. The shock news was announced on the company’s website this weekend, in a statement reading: “We regret to inform you that Upad is no longer accepting new business. We would like to thank all our customers for their support over the last ten years.” No reason […]

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