Facts behind the end of the eviction ban

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On the 24th August, the courts will begin to hear cases related to the repossession of properties. This will come following a five-month suspension of such cases due to COVID-19.

This period has caused considerable challenges both for tenants and landlords.

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TECH LATEST: Property management platform launches FCA-regulated landlord bank account

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A new current account exclusively for landlords is being launched by online property management tool Hammock to help them collect rent and monitor income and expenses.

The platform – launched in March – already automatically monitors rent collection, tracks payments and expenses then provides live analytical reporting on the status of each rental house or flat.

It also means that compiling a tax statement goes from taking hours to just minutes, as users always know where they stand in terms of profit and loss.

Now Hammock is launching an FCA-regulated current account designed specifically for landlords and property managers, which it says will make the experience even more seamless.

Founder and CEO Manoj Varsani (pictured, above) says he wants to save landlords time and money in an industry which has yet to benefit from new tech solutions.

Spreadsheet

“As a landlord, I know too well how time-consuming and inefficient it is to manage your properties with spreadsheets, paper notes and to collate data from multiple bank accounts,” explains Varsani.

Landlords using Hammock have tracked more than £7m of rent payments on the platform, across more than 1,700 properties, and he tells LandlordZONE that the current user base is expected to double by the end of 2020.

“As more and more landlords are switching the management of their properties to limited companies, the Hammock current account will be the right product for their needs,” adds Varsani.

“We’ve spoken with many landlords who are looking for a current account specifically designed for them, so we’re expecting to be busy as soon as we launch our current account.”

Customers pay a monthly subscription to use the platform based on the number of properties managed, with most paying £9.99 per month.

©1999 – Present | Parkmatic Publications Ltd. All rights reserved | LandlordZONE® – TECH LATEST: Property management platform launches FCA-regulated landlord bank account | LandlordZONE.

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Online troll attacks YouTube star who shone a light on property guru’s courses

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A rising star in the YouTube investigative blogger world has been trolled online after publishing a two-part investigation into property guru Samuel Leeds.

During it Georgie Taylor or Münecat, as she calls herself online, spends nearly an hour in each video examining the background, motivations, modus operandi and psychological profile of Leeds, as well as the consequences for some students of attending his academy’s courses.

But the videos, which together have already been viewed nearly 30,000 times on YouTube, have been met with displeasure among online supporters of the courses.

A Facebook user calling himself Ronald Simms – who is strongly suspected to be Leeds himself – has posted some characteristically strong views on the Truth About Samuel Leeds Facebook page, comments that were subsequently taken down by the person posting them.

This is the same Facebook group that Leeds last week attempted to have shut down via legal letters sent to one of its moderators, Anthony Burgess.

In one post, Simms addresses Münecat, saying: “Your work is basically pornography for loser men to make them feel better about failures in life”, and then addressing the Facebook group, saying: “Little Miss Münecat spends two hours scantily dressed and insulting a business program that has helped literally THOUSANDS of people become financially free.

Referring to the former students featured in the videos, Simms says: “Georgie has clipped together hundreds of other videos and comments of other life failures who did not work hard enough or care enough about their own futures to fully commit to the AMAZING programme Mr Samuel Leeds offers an incredibly low price”.

Taylor has told LandlordZONE that has never experienced this level of animosity since she started posting he ‘deep dive’ videos on YouTube 18 month ago.

“It is obvious to me that it is high time that the activities of property gurus like Samuel Leeds and their academies are regulated properly once and for all”, she says.

©1999 – Present | Parkmatic Publications Ltd. All rights reserved | LandlordZONE® – Online troll attacks YouTube star who shone a light on property guru’s courses | LandlordZONE.

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Rent Guarantee and Legal Expenses provider gone bust?

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All my rental properties are covered with rent guarantee and legal expenses cover. One of the properties is up for renewal on 21st August, and I am struggling to find cover due to COVID-19.

If anyone has been through this process recently

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Thank heavens for landlords

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This is one of the best pieces I have seen valuing the work of us as private landlords. If only we could get this message across to combat all the anti-landlord rhetoric that is so polluting discussions about the private rented sector and leading to the onslaught of destructive policies which are ruining things for tenants just as much as they are damaging landlords’

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Labour’s former Chancellor John McDonnell declares all-out war on landlords

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The evictions band should be extended for at least another year after August 23^rd, says Labour’s former shadow Chancellor John McDonnell, just one of several anti-Landlord measures he has proposed over the weekend.

His comments, made to a national newspaper, are part of his plans to introduce a radical package of changes to the rental market that are unlikely to help win the landlord vote for Labour.

His call to the government goes even further than Scotland’s announcement last week that it was to extend its evictions ban by another six months to the end of March next year.

“Many people are becoming desperately worried that they will now face eviction,” he told The Guardian newspaper.

“Many cannot rely upon the goodwill of their landlords to prevent them losing their homes.

“That’s why it is premature to end the ban on evictions, especially with so many jobs being lost and incomes drying up.”

McDonnell also directly attacked landlords, saying: “Housing should be a right for all, not an investment opportunity for a few”, and has proposed radical reforms to ‘curb the power of landlords’ and tackle the UK’s housing crisis.

Once the Covid crisis is over, McDonnell says a Labour government should bring in increase in capital gains tax for second homes, a legal limit on the number of properties that individual landlords can own, a ban on the purchasing of homes through companies, and cancelling rent arrears caused by Covid-19.

Read more about Johns McDonnell.

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Huge increase in landlords deserting Airbnb for traditional rental market

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A surge of Landlords taking their properties off Airbnb and offering them as traditional long-let rentals is taking place in London, says Hamptons International.

The estate agency says 37% of Airbnb stock in London has been switched to long-term accommodation, and that 12% of all properties being advertised for sale are former short-lets units.

Hamptons International says that consequently there are 26% more rental homes available than at the same time last year across the whole of the capital, and 42% more within inner London.

This dramatic increase in properties coming onto the traditional market is driving down rents on average as the market in some areas is flooded with new stock.

Rent falls

Rent rises in the UK are flat overall but in London fell 4.2% year-on-year in July, sparked by a record rent fall of 8.4% in inner London.

But Hamptons International says the shift from the short lets back to traditional renting is almost exclusively a London trend. 

Of the 20 local authorities with the highest share of short lets being offered on the long-term rental market, 16 were in the capital, suggesting rural and coastal short let markets are performing more strongly. 

Aneisha Beveridge, Head of Research at Hamptons International, says: “For years there had been a steady stream of landlords moving from the long to the short let market in search of higher returns. 

“Following lockdown and in the two months since late May, this shift has been completely reversed with growing numbers of landlords looking to secure longer-term tenants.”

Read more about Airbnb.

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