Pivotal landlord votes

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Votes of private landlords could be pivotal in deciding the outcome in over 100 constituencies. Analysis of data obtained by The Times from HMRC has found that in 124 constituencies across the UK, the number of people declaring income from property in 2017/18 was the same as or larger than the overall majorities of those candidates elected in 2017.

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For the second claim of Christmas, we know what it will be

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As we move towards the end of
2019, our insurance partner, Hamilton Fraser Total Landlord Insurance would
like to take the opportunity to remind landlords of some of the issues they regularly
see claims for during the winter months.

Hamilton Fraser Total Landlord
Insurance’s 10 years
of property claims report found that claims increase during the
winter period. They have created a list of the twelve most common property
claims over the Christmas season. The list is based on a well-known festive
tune that you just might recognise.

Total Landlord Insurance are giving
LandlordZONE readers the chance to win a
£200 Amazon voucher. All you have to do is sing along to part of the song,
you can download the lyrics here,
and email the footage to marketingteam@hamiltonfraser.co.uk
or post on Twitter to @TotalLandlord
using the hashtag #12ChristmasClaims.

You can see our Total Landlord Insurance team getting into the festive spirit and giving the song a go below.

The entries will be judged by
a celebrity panel* and the best video will receive a £200 Amazon voucher.

Closing date is Tuesday 31
December 2019. No cash prize equivalent offered. Draw to take place week
commencing 6 January 2020, with the winner notified that week.

*Well Hamilton Fraser Brand
Ambassador, Paul Shamplina is often on TV!

©1999 – Present | Parkmatic Publications Ltd. All rights reserved | LandlordZONE® – For the second claim of Christmas, we know what it will be | LandlordZONE.

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Election: British Property Federation call for court reform and rejection of rent controls

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The British Property Federation (BPF) has published its manifesto ahead of the General Election on December 12th. Some of the key asks in the manifesto include the rejection rent controls, and reform of the court process. The manifesto On rent controls, the manifesto says “There is a large body of evidence from the UK and […]

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Bumper winter for rats and mice!

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Rentokil Pest Control have released figures indicating the recent wet weather has driven large numbers of rodents indoors, and that Britain could witness a bumper winter for rats and mice. The flooding experienced in large areas of the country at the end of October and throughout November may have contributed to increased enquiry levels.

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Renting HMO via verbal agreement?

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I rent a property from a private landlord, via a verbal agreement, no contract. I am subletting 4 rooms out, which makes 5 of us in the property. The landlord is happy with this as long as I don’t over crowd the house.

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Large family moved in when father died?

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A tenancy doesn’t automatically end when a sole tenant dies. When the son of a long term tenant informed us that the tenant had died we assumed that in due course the property would be cleared and the tenancy surrendered.

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Grainger books increased profits from investment and rental growth

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Build-to-Rent:

One of Britain’s
biggest residential landlords Grainger boosted its profit for the 12
months ended 30 September 2019, with a 30% increase over the previous
12 month period. It’s rent roll income increased by 45% to £63.5m.

A large chunk of
this growth can be attributed to the acquisition of a large of homes
following Graingers’s taking full control of a property joint
venture by acquiring the 75.1% stake it did not already own from APG
for £396m (€454.6m). The GRIP portfolio contributed £17.7m, and
delivered 1,152 new private rented sector (PRS) homes.

Grainger said it
planned to invest more into the new home private rented sector (PRS)
when it took over the entire share capital in the GRIP REIT from the
Dutch asset manager. GRIP’s portfolio comprises 1,700 PRS units
with a gross asset value of £696m and a PRS pipeline of £382m.

Grainger was
established by the Dickinson family in 1912 as the Grainger Trust
acquiring tenanted residential properties in Newcastle upon Tyne. In
the 1970s and 1980s it acquired large residential estates from
British Coal, British Rail and Reckitt & Coleman. It was first
listed on the London Stock Exchange in 1983. In 1989 it acquired
Channel Hotels & Properties and in 2003 it acquired Bradford
Property Trust.

Grainger went
through a major change of strategy when Helen Gordon was appointed
Chief Executive in January 2016 from RBS where she had been Global
Head of Real Estate Asset Management since October 2011. A large
portfolio of controlled tenancy homes and German residential assets
were disposed of, switching focus to the UK, in the PRS letting
market and build-to-rent.

More than 1,000 PRS
homes are expected to come on stream next year with a pipeline of
over 9,000 homes in partnership with Transport for London. Grainger
says its recurring rental income has the potential to more than
double as it continues its development with its 75% residential
portfolio.

Chief financial
officer Vanessa Simms has said:

“The continued
structural growth story with continuing undersupply of rental homes
compared to demand, provides a strong positive outlook for
sustainable rental growth for years to come.

“Our portfolio
of attractive rental homes in high demand locations, our strong
operational capability and fully integrated business model places us
in an excellent position to continue building on our leadership in
the UK residential rental market.”

©1999 – Present | Parkmatic Publications Ltd. All rights reserved | LandlordZONE® – Grainger books increased profits from investment and rental growth | LandlordZONE.

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