Dec
23

BLOG: What does the Conservative victory mean for the Welsh Parliament election in 2021?

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RLA Welsh Policy & Public Affairs Officer Calum Davies shares his thoughts on the political landscape in Wales post-general election. Readers will be forgiven for thinking the General Election result will lead to seismic change everywhere. However, with housing and much more devolved to the Welsh Assembly – which has recently backed a law that […]

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Dec
23

Boris pledges £260m to eliminate homelessness and rough sleeping

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As part of his drive to tackle homelessness, over £260 million has been committed for local authorities to support people who are homeless or at risk of losing their homes. The funding will empower councils across England to provide the best services for local needs

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Dec
23

Housing Forecast 2020 highlights need for Government to prioritise housing policy

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The Royal Institution of Chartered Surveyors (RICS) Housing Forecast 2020 highlights the need for Government to prioritise housing policy, in order to inject activity into the market and create a favourable environment for developers to help address the housing crisis.

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Dec
23

First Home Fund launched in Scotland

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Last week the Scottish Government launched The First Home Fund. This is a £150 million shared equity pilot scheme that will provide first-time buyers with up to £25,000 to help them buy a property.

The scheme is open to all first-time buyers in Scotland and can be used to help buy new build and existing properties.

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Dec
23

Washing machine recall is a concern for landlords…

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Appliance Fires:

Most people will be
aware by now that Whirlpool, manufacturer of Hotpoint and Indesit
appliances, has recalled 519,000 washing machines that were sold from
October 2014 up until last year. This comes only months after the
company admitting it needed to recall millions of potentially
dangerous tumble dryers world-wide.

The recall also
follows Whirlpool this month agreeing a settlement with residents who
were left homeless when one of its faulty tumble dryers caused a
large fire. Thirty-seven people made legal claims against the company
following the tower block fire in Shepherd’s Bush Green, west London,
in August 2016.

The manufacturer has
admitted that 42 different Hotpoint and Indesit models could be
affected by an electrical fault that could cause overheating and
possibly catch fire. Washing machines purchased since October 2014
and to date could be affected by this recall.

The situation is
obviously of concern to landlords and they are being advised to carry
our checks to see if any of the appliances in their rental properties
are affected, and if so to arrangement for immediate remedial action.

Most rental
properties include some kinds of white goods even when the property
is let unfurnished, so with lives potentially are risk, regardless of
the risks to property, landlords should act promptly.

The appliances now
identified as at risk are Hotpoint or Indesit washing machines which
potentially have faulty door locking mechanisms; these can overheat
and burst into flames. 519,000 machines are affected in the UK, a
relatively small number compared to the five million tumble dryers
Whirlpool previously had to deal with.

Good practice for
landlords is to keep a property file with all supplied appliances
recorded, purchase invoice, make, model serial number, and any
guarantee etc, so there may be no need to visit if this information
is available.

It should be
possible to check online with Whirlpool to identify at risk
appliances, though demand for this has been heavy and has overloaded
their website, but if in doubt there is also a helpline available –
0800 3161442.

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Dec
23

The 5 Golden Rules of Property Investing

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When I first wrote my book “Property Magic” I wanted to come up with some simple guidelines which would help investors to minimise the risks of investing and maximise their returns. I observed that most investors

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