AML rules to include landlords and tenants involved in rental transactions over €10,000

admin    Uncategorized     agents

Although the upcoming general election has grabbed all the headlines, letting agencies should not forget the important changes to Anti-Money Laundering (AML) rules that come into force on January 10th 2020.

PayProp says that while the political future remains unsettled

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Crisis Christmas appeal for £28.87 very different to Shelter

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The Crisis Christmas appeal is for donations of £28.87 to reserve someone a place for their support package this Christmas and introduce them to the education, training and support to help end their homelessness for good through Crisis’ year-round services.

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The Landlords’ Vote could make a difference…

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General Election:

The Residential
Landlords’ Association reports that the votes cast by private
landlords could be crucial in deciding the outcome of the General
Election in over 100 constituencies.

Analysis of sourced
HMRC data carried out by The Times newspaper concluded that in
124 UK constituencies, the number of people declaring income from
property in 2017/18 was the same or greater than the overall
majorities of the successful candidates in the 2017 election.

The
figures obtained show that of these seats, 55 were won by
Conservatives, 35 by Labour, and seven seats won by the Liberal
Democrats in 2017.

The
statistics show that, of those constituencies in which the landlord
vote is the same as or larger than the majorities won in 2017:

• 14 are in
  London
• 12 are in
  the South East
• 11 are in
  the East Midlands
• 11 are in
  the North West
• 10 are in
  Yorkshire and The Humber
• 9 are in the
  South West
• 8 are in the
  East of England
• 6 are in the
  West Midlands
• 3 are in the
  North East

According
to this research, in Scotland 25 seats could see landlords as the
deciding factor in the final results and the same is true for nine
seats in Wales and six in Northern Ireland.

David Smith, RLA
policy director said:

“Private landlords
could be decisive in who ends up in Downing Street following the
election.

“For those unable
to afford a home of their own or unable to access social housing the
rental market is their only hope of having somewhere to live. With
that in mind, we call on all political parties to do more to support
good landlords to provide the homes to rent we need.

“That is why all
parties need to do more to enforce the wide range of powers already
available to root out criminal landlords rather than introduce new
obligations which have no hope of being properly enforced by hard
pressed councils.”

©1999 – Present | Parkmatic Publications Ltd. All rights reserved | LandlordZONE® – The Landlords’ Vote could make a difference… | LandlordZONE.

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Labour rent control plan “unlikely to succeed” says Resolution Foundation

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Labour’s proposal to introduce rent controls should the party triumph on December 12 has been deemed ‘unlikely to succeed’. Independent think tank the Resolution Foundation has analysed both major party’s manifestos. It says the Tories need to do more to offer security for tenants – but that Labour proposals ‘go too far in the other […]

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Lack of focus on elderly housing could cost billions

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Respected Lord and Chair of the Parliamentary Group on Housing and Care for Older People reveals how a lack of political action is opening the UK to an unforeseen crisis.

In an interview with the Elder Magazine

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38% of battery powered fire alarms failed

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The Local Government Association is encouraging all home owners, landlords and residents to test smoke alarms and replace batteries if required amid worrying failure rates and Christmas being a high risk time of year.

Figures show 38% of battery powered smoke alarms failed to activate in residential fires in England in the past year.

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Famous TV and Film houses valued at today’s prices

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As it’s December and now ok to start talking about Christmas, leading estate agent comparison site, GetAgent.co.uk, has looked at a number of homes from Christmas TV and films and what they would go for if listed for sale today.

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ONWARDS AND UPWARDS FOR BELVOIR LEEDS NORTH WEST!

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Third acquisition leads to second territory and sales expansion for Glenn Broadwell

Glenn Broadwell of
Belvoir Leeds North West has completed on his third acquisition, securing a
second territory in Leeds South and purchasing the entire shares of Onwards and
Upwards, Morley. The business is an established estate agency and lettings
business, adding 224 properties to Glenn’s portfolio of fully managed
properties.

“Onwards and
Upwards is an independent business with large premises, seven staff and an
in-house mortgage advisor,” explains Glenn.

“The lettings
side of the business is fairly substantial, and the sales side is also quite
large. My main aim was to secure a second territory that would enable me to
acquire the expertise of established sales staff and build on the estate agency
services that are currently offered by my team at Belvoir Leeds North West.

“We are
retaining the premises and all of the staff, and Onwards and Upwards will trade
under its own brand name for the time being, although we are introducing some
Belvoir systems to further improve customer service and dramatically reduce
costs.

“This is my
third acquisition since 2015, although it’s my first share sale acquisition. I
am very grateful to the Acquisition Team at Central Office for everything
they’ve done, as there was a lot of work involved and I definitely would not
have managed this on my own.

“With a
brand new decade just a couple of months away, these are very exciting times, so
it’s definitely onwards and upwards for us!”

1/2

Speaking of
Glenn’s acquisition, Belvoir CEO Dorian Gonsalves said: “I am delighted that
Glenn has successfully acquired this new business, which has enabled him to
operate in a second territory in Leeds South and expand on the sales side of
his businesses. Glenn has been with Belvoir for 11 years and is a very
ambitious and driven franchisee, as well as a great asset to the network. I
wish him every success for the future.

“Acquisitions
continue to be a main focus of growth and development for Belvoir, and our
dedicated Acquisitions Team at Central Office is working hard to source and
target new opportunities that will help our franchisees to maximise the
potential of their businesses.”

©1999 – Present | Parkmatic Publications Ltd. All rights reserved | LandlordZONE® – ONWARDS AND UPWARDS FOR BELVOIR LEEDS NORTH WEST! | LandlordZONE.

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Leading student accommodation specialists merge…

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Student Accommodation:

Unite Students has taken over rival student accommodation group Liberty Living after the Competition and Markets Authority gave its approval for the student accommodation specialists’ merger.

Unite Students has a portfolio of around 130 student blocks in university towns around the country accommodating some 50,000 students every year, and with plans to grow the estate by 6,000 beds over the next three years.

On the 29^th of November, Unite Group Plc announced the completion of the acquisition of Liberty Living Group Plc from Liberty Living Holdings Inc., a wholly owned subsidiary of Canada Pension Plan Investment Board.

The Liberty Livings
estate has over 24,000 beds under management across 51 residences in
19 university towns around the UK, and a portfolio valued at over
£2bn in 2017.

Both companies are trend leaders in student living, the majority of rooms with en-suite and shared kitchens and social areas. Both companies partner with educational institutions throughout the UK providing accommodation for mainly first-year domestic and international students.

Both companies are members of ANUK, The Accreditation Network UK for private rented housing providers.

Richard Smith, Chief Executive Officer of Unite Students, said of the move:

“I am delighted that we have completed the transformational acquisition of Liberty Living, reinforcing our position as a leading provider of purpose-built student accommodation in the UK. This deal brings together two complementary businesses who share a commitment to providing high quality, affordable student accommodation with a focus on service and welfare and a strategic alignment to universities where student demand is strongest.

“The deal will accelerate our earnings, driving meaningful accretion from 2020 onwards. It also gives us enhanced scale which, combined with our best-in-class operating platform, means we are well-placed to meet the substantial market opportunity from the 1.5 million students requiring accommodation each year.”

According to Cushman
& Wakefield’s research the UK has four of the top ten cities in
Europe for student accommodation investment. London it says was the
top investment destination in the world in 2018, receiving £1.9bn of
investment, while Sheffield (£170m), Coventry (£160m) and Swansea
(£103m) came seventh, eighth and ninth respectively.

A report by Knight Frank’s for 2018/19 says cities with a low pipeline of new purpose built student accommodation (PBSA) being developed, despite a high demand, include London, Brighton, Bath and Manchester. Northern cities including Liverpool, Newcastle, and Leeds are all strategic cities containing dual or multiple well-regarded universities, and large numbers of students.

©1999 – Present | Parkmatic Publications Ltd. All rights reserved | LandlordZONE® – Leading student accommodation specialists merge… | LandlordZONE.

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Landlords’ votes pivotal in election battle

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The votes of private landlords could be pivotal in deciding the outcome of the General Election in more than 100 constituencies. An analysis of HMRC data obtained by The Times found that in 124 constituencies across the UK, the number of people declaring income from property in 2017/18 was the same or larger than the overall majorities […]

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