Would you like to be on Channel 5’s Nightmare Tenants Slum Landlords programme?

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Its producers are looking for landlords who need help with a nightmare tenant or letting agent and are happy to feature in the show.

Are you one of the millions of landlords who tune in to watch Channel 5’s regular Nightmare Tenants Slum Landlords TV show?

If you are, and need help including ejecting a tenant who has failed to pay their rent or any other ‘nightmare tenant’ or ‘nightmare letting agency’ problems, then it’s time to get in touch.

London-based Britespark Films, which has been making the TV show since 2015, is making its 6th series.

The highly popular and rated documentary regularly features the eviction services of Landlord Action’s Paul Shamplina (pictured, above, during filming).
From the eviction of tenants who default on their rent as well as scam letting agents and housing enforcement teams cracking down on ‘beds in sheds’, the show has helped more than 200 landlords get their properties back.

If you are a landlord seeking help and are happy to have your case highlighted on TV, we’d like to hear from you.

©1999 – Present | Parkmatic Publications Ltd. All rights reserved | LandlordZONE® – Would you like to be on Channel 5’s Nightmare Tenants Slum Landlords programme? | LandlordZONE.

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Airbnb PR stunt by furnishings firm backfires

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A calculator that highlighted how landlords could make more income using Airbnb rather than letting their properties to local people has been criticised.

Bespoke blinds company Thomas Sanderson
incurred the wrath of local councillors in Brighton and Hove after it created the
online rental return calculator which showed how landlords in the city were
making an average monthly income of £1,375 by renting their property, whereas Airbnb
could pocket them £2,241 a month. 

Thomas
Sanderson is a prolific creator of property-related online tools such as ‘Student
Cities’ which helps
users see which cities are likely to have the most student renters, and the ‘Buy-To-Let
Hotspots’ tool to
show rental yield as a percentage of the property’s overall value in towns
and cities around the UK.

However, its latest PR wheeze was slammed by
city councillors in Brighton and
Hove where it’s estimated that 2,000 homes are listed as holiday lets.

They fear
encouraging residents to register their homes for Airbnb means taking rentals
out of the long-term rental market, negatively impacting on residents.

Green councillor Martin Osborne told the Brighton
and Hove News: “A
lack of affordable housing in Brighton and Hove means we have one of the most
acute housing crises in the country. 

“This new calculator works directly against
plans to alleviate this crisis by encouraging landlords to switch to
short-term, holiday lets rather than offering a longer tenancy, potentially
draining the private rented sector of available homes.”

Richard Petrie, marketing director of Thomas
Sanderson, defended the tool and says it was not designed to encourage
landlords to stop renting long term.

He explains: “Although we discovered the monetary rewards are
potentially greater for Airbnb rentals, they carry more risk and more work than
traditional renting and therefore require a totally different approach.” 

©1999 – Present | Parkmatic Publications Ltd. All rights reserved | LandlordZONE® – Airbnb PR stunt by furnishings firm backfires | LandlordZONE.

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Small Claims Cat and Mouse games?

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To cut a story short… Bad tenant trashes flat and leaves with rent arrears. Legal process begins. Court dates where I attend and she doesn’t – still no resolution.

Situation is now that it has been moved to small claims track court with a hearing date of early March.

The post Small Claims Cat and Mouse games? appeared first on Property118.

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New: Young and old tenants alike spending fortunes on deposits

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Shocking new research shows some tenants are spending up to 138% of their monthly salary on a rental deposit.

Renters over 60 need to fork out the same chunk
of their monthly salary on a deposit as their grandchildren, finds new research
on average tenancy deposits in the UK.

With more older people living in the rental
sector, along with a fall in the number owning their own home, tenant deposit replacement
scheme Ome says its findings show that those aged 60-plus
spend on average 68% of their salary to secure a rental property – the same as
those aged 22-29.

And its women’s pockets which are hit hardest,
as while it works out at 55% of men’s salary, it’s 88% of women’s. 

“Those in the youngest age groups tend to be
on the lowest wages and as a result, have to pay out more of their monthly wage
on a deposit, but more often than not they have a support network of family
that can help them start out on their rental journey and contribute to some of
the costs,” says Ome co-founder,
Matthew Hooker.

“However, this isn’t always the case for
those 60 and above who may be on a lower wage and don’t have the option to
borrow from friends or family.”

Those aged between
18-21 have it toughest with the average tenant deposit, according to Ome, accounting
for 118% of an average young person’s monthly salary.

This falls to 105%
for men, while female tenants in this age range are looking at an eye-watering 138%
of their net monthly wage to cover a deposit. 

With the average rental deposit currently
setting tenants back £1,139, men need to spend 47% of their monthly net income
on a rental deposit, climbing to 69% for women.

©1999 – Present | Parkmatic Publications Ltd. All rights reserved | LandlordZONE® – New: Young and old tenants alike spending fortunes on deposits | LandlordZONE.

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Summerhouse, Annex, Studio? Could I rent to a lodger?

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I’ve had plans drawn up for a conversion of my outbuilding into an open plan bedroom/kitchen with separate shower room. The outbuilding replaced a garage under permitted development by the previous owner. It is comparable to a good sized single garage.

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Today in politics: Stamp duty, right to rent and the benefits cap

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Today we look at calls from a Tory Peer for stamp duty reform, calls for an update on right to rent guidance and the latest benefit cap figures. Stamp duty reform Baroness Mone (Conservative) has received a response to her written questions asking: What plans the Government has to introduce new tax incentives in the next budget […]

The post Today in politics: Stamp duty, right to rent and the benefits cap appeared first on RLA Campaigns and News Centre.

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Breaking: huge increase in build-to-rent construction revealed

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Latest official house building figures out today highlight a 57% increase in the number of purpose-built apartments being created in every major city.

Landlords with traditional
buy-to-let stock face fast-growing competition from the corporate build-to-rent
sector, latest official figures reveal.

The annual report from
construction warranty body the NHBC for 2019 released this morning shows that
the number of purpose-built rental apartments completed last year jumped by 57%
to 4,788 units following four years of relatively slow growth.

The NHBC
began recording build-to-rent completions within its annual report in 2015,
during which just 1,257 units were completed.

Its latest figures show that
build-to-rent construction is taking off significantly as the billions of
pounds poured into the sector begin to bear fruit; planning permissions are now
beginning to turn into new blocks all around the UK.

Data from the latest British Property Federation report on the sector shows the enormity of the pipeline involved; during the third quarter of last year there were 77,446 build-to-rent apartments going through planning, 35,760 under construction and to date some 34,840 have been completed.

Recent research by lettings
platform MoveBubble showed how much cash is being invested in build-to-rent
including, so far, £1.7 billion on London, £612 million in Manchester,
£278 million in Brighton and £282 million in Birmingham.

“Build-to-rent
is really beginning to boom all across the UK, with London taking first place
and centre stage,” the company says.

©1999 – Present | Parkmatic Publications Ltd. All rights reserved | LandlordZONE® – Breaking: huge increase in build-to-rent construction revealed | LandlordZONE.

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BBC Two’s three part-series into Universal Credit

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On Tuesday 4th February we saw the first of BBC Two’s three-part series about ‘Universal Credit: Inside the Welfare State’.

Universal Credit is the biggest overhaul of the welfare state in a generation. It was designed to simplify the benefits systems and encourage the unemployed into work.

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Cornwall searches for Landlords to help stop homelessness

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This week Cornwall Housing Private Lets starts its search for more landlords, with a range of services, to increase the number of safe and secure homes in Cornwall and help prevent anyone from sleeping on the streets.

Through partnership working with Cornwall Council

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Not getting too old for this s*** – Surge in over 60s renters, but rental deposits pose the same hurdle as younger generations

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The latest research by tenant deposit
replacement scheme, Ome, has
looked at the cost required to secure a rental property for the growing trend
of over 60s opting for the rental market over homeownership and what percentage
of monthly income this initial step requires, as well as how it compares to
younger generations. 

With high house prices coupled with the
improving face of the rental sector causing many of us to rent for longer, Ome
looked at the cost of the average rental deposit and what this translates to as
a percentage of monthly net income for tenants based on gender and age.

With the average rental deposit currently
setting tenant’s back £1,139, it can be a tough ask to accumulate such a large
sum of money in order to secure a rental property.

For the average male, this cost equates to
almost half a month’s wages (47%), climbing to 69% for the average female.

When it comes to age, those aged between 18-21
face the toughest task with the average tenant deposit accounting for 118% of
the average salary. This falls to 105% for male tenants, while female tenants
in this age range are looking at 138% of the net monthly wage to cover a
deposit.  

For those aged 22-29, it doesn’t get much
easier, with a rental deposit costing 68% of the average net salary, falling
marginally to 62% for males but climbing to 76% for females.

The latest English Housing Survey shows that
over the last decade there has been a significant increase in the number of
people aged 55-64 living in the rental sector. This also coincides with a fall
in the number of people owning their own home in this age group.  

In the words of Roger
Murtaugh, you may think those approaching retirement would be getting too old
for this s***, but the changing face of the rental sector proves this isn’t the
case, with more and more of us opting to rent, well into later life due to a
more tenant-friendly approach and better facilities for the more mature tenant. 

However, Ome’s research
shows that those aged 60 and above will on average, be required to spend the
same proportion of salary to secure a rental property as those aged 22-29.
Again, this drops to 55% for males in this age range and climbs to 88% for
females! 

Those aged between 30 and 59 are slightly
better off as they hit full pace career-wise, although it would still require
around half of their net monthly income to stump up a rental deposit.

Co-founder of Ome,
Matthew Hooker, commented: 

“There are many tenants who are financially
able to opt for the traditional deposit path when renting and for many it is a
more preferable route, allowing them to pay there and then without any ongoing
commitment or costs.

That said, as our research demonstrates, it can
provide a tricky obstacle and while it might not be such as issue in the
long-term, it poses a cash flow problem for those required to stump up as much
as a month’s wages in one hit.

Of course, those in the youngest age groups
tend to be on the lowest wages and as a result, have to pay out more of their
monthly wage on a deposit, but more often than not they have a support network
of family that can help them start out on their rental journey and contribute
to some of the costs.

However, this isn’t always the case for those
60 and above who may be on a lower wage and don’t have the option to borrow
from friends or family and addressing this issue has been one of the driving
factors behind the launch of deposit alternatives such as Ome.

These alternatives allow tenants the choice to
pay a smaller monthly fee over the period of a tenancy and with more of us
remaining in the rental sector by choice, it provides a different path to do so
without having to worry about large upfront deposits.”

©1999 – Present | Parkmatic Publications Ltd. All rights reserved | LandlordZONE® – Not getting too old for this s*** – Surge in over 60s renters, but rental deposits pose the same hurdle as younger generations | LandlordZONE.

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