Build to rent is UK’s fastest growing housing sector

admin    Uncategorized     agents

Build to rent (BTR) is growing more rapidly than any other housing sector, according to a new report.

The British Property Federation (BPF)’s Build to Rent Q3 2022 report revealed growth of 15% year-on-year, with more than 240,000 homes either in planning

View Full Article: Build to rent is UK’s fastest growing housing sector

This company will sell your tenanted properties fast – in just 28 days so you can exit your portfolio

admin    Uncategorized     agents

We’ve all seen the news, with changes in regulations and tax and interest rate rises, landlords have been flocking to sell their property portfolios.

But with so many properties, all full with tenants, some of them with problems, low rents or even rent skipping, how can you get out fast?

The answer is: Landlord Sales Agency. We know the mammoth effort it takes to get rental properties ready for sale, to market them, to liaise with tenants or worse, evict tenants.

That’s why from the moment you contact us, our team takes everything off your hands. We know exactly what it takes to sell tenanted properties, fast, and the results from landlords who have contacted us speak for themselves – most of our property portfolios sell in less than 28 days.

It might seem too good to be true in this current market where landlords are struggling to get out, but for us at Landlord Sales Agency, it really is that simple.

Our team of incredible portfolio exit specialists deal with every single issue, liaise with your tenants, collect all the materials for sale, arrange viewings and even assist with out of date certificates or repairs on the properties.

Tenants are no issue – in most cases, our huge private database of new landlord buyers queuing up to buy and our extensive network of the top property buying companies means that we’re able to sell your properties tenanted with zero hassle. In some cases, our buyers are so confident with our process, they don’t even need a viewing to buy.

This, combined with our modern auction techniques which create a bidding war on your properties to drive up prices, mean that we really will get you the best possible price in the fastest possible time, allowing you to relax from the moment you call us and knowing that you’ll have exited your property portfolio with the money in the bank in weeks rather than months.

• Landlord Sales Agency have a powerful database of over 30,000 private buyers and portfolio buying companies who want to buy whole portfolios straight away,and who are alerted every time we have a portfolio to sell

• We focus on a quality fast sale, rather than a cheap fast sale and ensure that our buy-to-let portfolios are sold fast, often in less than 28 days. We also ensure that we never compromise on the sale price no matter how much work your portfolio needs.

• We typically achieve 80 – 90% of the market value, and for that we cover all the costs and take away all the hassle that comes with selling the portfolio. We’re completely transparent, so you know exactly what we’re making. You won’t get a higher price for the service, and any company promising you 100% market value is hiding a huge list of costs that are going to come after the sale. That’s not the case with us. It’s what makes us different.

• We’re a company created by landlords for landlords, so we now exactly what you need to do to overcome all the hurdles and release you from financial stress, including rising taxes, interest rates and bills. In some cases we’re even able to help out with cash advances.

• There’s no one like us out there, and we’ve built up an unbeatable record for helping landlords which is why we’re the number one go-to company for our partners, including LandlordZONE

We’re so confident in our ability to sell tenanted properties in a matter of days and, at the very most, weeks, that in the cases where the buyers do want your properties empty, we even work with tenants to help them find new accommodation plus in some cases pay for their deposits and first month of rent to ensure they’re able to leave fast, and they’re happy knowing they’re safely in a brand new home.

No one else goes as far as we do to get you exactly what you need. That’s what makes Landlord Sales Agency the unbeatable solution out there for landlords looking to sell.

So if you’re looking sell your buy-to-lets, let us take the stress off your hands and get you the best price, no matter what condition your portfolio is in.

Contact Landlord Sales Agency:

body #wpforms-258808 .wpforms-submit-container .wpforms-submit, body #wpforms-258808 .wpforms-field-pagebreak button.wpforms-page-button {
font-weight: bold;background-color:#04abed ; border-width: 0px; }
body #wpforms-258808 .wpforms-submit-container .wpforms-submit:hover, body #wpforms-258808 .wpforms-field-pagebreak button.wpforms-page-button:hover {
background-color:#ed1c2a; }
body #wpforms-258808 .wpforms-submit-container,body #wpforms-258808 .wpforms-field-pagebreak .wpforms-pagebreak-left{
}

body #wpforms-258808 .wpforms-form .wpforms-field input[type=text],
body #wpforms-258808 .wpforms-form .wpforms-field input[type=email],
body #wpforms-258808 .wpforms-form .wpforms-field input[type=tel],
body #wpforms-258808 .wpforms-form .wpforms-field input[type=url],
body #wpforms-258808 .wpforms-form .wpforms-field input[type=password],
body #wpforms-258808 .wpforms-form .wpforms-field input[type=number]
{
background-color:#d3d3d3 ; border-width: 1px; }
body #wpforms-258808 .wpforms-form .wpforms-field .wpforms-field-row
{
}

body #wpforms-258808 .wpforms-form .wpforms-field textarea {
background-color:#d3d3d3 ; border-width: 1px;
}

body #wpforms-258808 .wpforms-form .wpforms-field label.wpforms-field-label {
font-weight: bold;color:#000000 ; }

/* Styling for Tablets */
@media only screen and (max-width: 800px) and (min-width:481px) {

}

@media only screen and (max-width: 480px){

}
/*Option to add custom CSS */

Please enable JavaScript in your browser to complete this form.

Name *

First

Last

Email *

Phone *

Please give us details of how we can help and the properties in question* *

Submit

View Full Article: This company will sell your tenanted properties fast – in just 28 days so you can exit your portfolio

‘Link landlord EPC costs to rents instead of £10k cap’ politicians told

admin    Uncategorized     agents

Landlords’ financial contribution to upgrading properties in Wales should be linked to average market rents in any given area, suggests the NRLA.

Under its proposals, landlords would need to contribute a minimum of £5,000, while those renting properties in areas with higher average rents would need to contribute more, gradually tapering to £10,000.

The NRLA believes the proposed £10,000 cost-cap on energy efficiency upgrades is uneconomical in a region where some properties might not meet the required standard.

Ineffective

It says the MEES (Miniumum Energy Efficiency Standard) is ineffective, especially in Wales, given the prevalence of older properties which cost more to upgrade to a higher EPC band.

The cap could represent a significant proportion of the value of the average property and would drive landlords out of the market.

NRLA chief executive Ben Beadle says the government fails to accept the realities of different property and rental values across the country, and that the private rented sector contains some of the most difficult to retrofit homes.

He adds: “Ministers need a smarter approach with a proper financial package if we want to ensure improvements to the rental housing stock.”

A new report from Members of the Senedd has taken the NRLA’s comments on board and suggests that the Welsh government should instead consider tax incentives in the PRS, arguing that ministers could look at how to use council tax and the land transaction tax to incentivise energy efficiency retrofit as a priority.

The report also warns: “While the UK government continues to drag its feet over whether to increase standards in the private rented sector, the sector remains in limbo.”

In its evidence, the Chartered Institute of Housing says there is significant evidence that MEES is currently poorly enforced. It calls for the development of “an effective national MEES compliance and enforcement database and tools”, which could be delivered across Wales.

Read all our stories about MEES.

View Full Article: ‘Link landlord EPC costs to rents instead of £10k cap’ politicians told

WARNING: Rent reforms ‘could reverse RRO court judgement’ for landlords

admin    Uncategorized     agents

Superior landlords could find themselves hit by Rent Repayment Orders if the government decides to amend the upcoming Renters Reform Bill.

Property lawyer at JMW, David Smith (main picture), says that despite the Supreme Court’s ruling in the case of Rakusen v Jepsen- that an RRO cannot be made against a superior landlord but only against the immediate landlord of the tenancy that generates the relevant rent – there was still uncertainty.

“I could see interested MPs laying down amendments to the Bill to mute this judgement,” he tells LandlordZONE. “Whether they would be accepted is another matter.”

Sanctions

The Justices said there was a range of other sanctions available to combat rogue landlords, including fines, civil penalties and banning orders, but that it was ultimately up to Parliament to decide whether these were sufficient.

Smith adds that it was gratifying the Supreme Court acknowledged his intervention on behalf of the NRLA and accepted their argument, name-checking the landlord body in its judgement.

The NRLA had pointed out the full range of penalties currently available to prosecute errant landlords and explained: “It might be thought that [the] prospect of a property owner entering into such an arrangement solely to evade a potential RRO, while simultaneously leaving themselves open to prosecution for criminal offences, is a little far-fetched.”

Directors

Smith says he would prefer to see a change in the law, making directors of companies liable for Rent Repayment Orders, to address the issue of rent-to-rent operators setting up front companies that go bust rather than pay the penalties.

“That could then be easily rectified as you could prosecute directors of companies for failure to licence,” he adds. “It wouldn’t be a huge change to direct an order against a director instead.”

The justices in the Supreme Court case were told this too by one of the lawyers, who pointed out that rent-to-rent companies often ‘disappear’ once deals go south, only to phoenix with the same directors a few months later.

View Full Article: WARNING: Rent reforms ‘could reverse RRO court judgement’ for landlords

NRLA hails landmark ruling on rent-to-rent companies

admin    Uncategorized     agents

A landmark ruling from the Supreme Court has been welcomed by the National Residential Landlords Association (NRLA) that delivers clarification about the responsibilities of so-called ‘rent-to-rent’ companies.

These companies take over the running of a property for a landlord.

View Full Article: NRLA hails landmark ruling on rent-to-rent companies

BREAKING: Supreme Court rules that ‘superior landlords’ not liable for RROs

admin    Uncategorized     agents

The Supreme Court has ruled that Rent Repayment Orders cannot be made against a superior landlord.

The landmark ruling has implications for rent-to-rent arrangements and means tenants cannot go after superior landlords – property owners or leaseholders – when seeking redress.

It is good news for those who find their property has been sublet unknowingly in rent-to-rent set-ups but not for tenants who struggle to take dodgy companies to task.

The case concerned landlord Martin Rakusen, the leaseholder of a flat in Finchley Road, London, who granted a tenancy to Kensington Property Investment Group which then let out the property without an HMO licence. The tenants applied to a First Tier Property Tribunal for a rent repayment order of £26,140 against Rakusen.

He challenged the order, arguing that it could only be made against the immediate landlord of the person making the application.

Dismissed

The Upper Tribunal dismissed his appeal, but the Court of Appeal subsequently found in his favour, agreeing that an RRO could not be made against a superior landlord.

The Supreme Court was unanimous in its decision that a RRO cannot be made against a superior landlord but only against the immediate landlord of the tenancy that generates the relevant rent.

The Justices said: “It would therefore be unnatural to interpret ‘landlord under a tenancy’ as referring to any landlord other than the landlord of the tenancy which generates the rent of which repayment is sought. It would strain the language to say that a superior landlord is ‘repaying’ rent to a tenant from whom it had never received any rent.”

They added that the law’s purpose was to restrict RROs to those who directly benefit from the payment of rent and that there were already a range of other sanctions available to combat rogue landlords such as fines, civil penalties and banning orders.

Fears

The NRLA had feared that it the case had gone the other way, then authorised rent-to-rent arrangements would have become less common, leading to a lower availability of budget accommodation to rent on a room-by-room basis.

NRLA chief executive Ben Beadle (pictured) welcomes the judgement and adds: “The ruling makes clear that it is the responsibility of rent-to-rent companies acting as a landlord to ensure that relevant legal requirements are met, since it is they who receive tenants’ rent.

“t is simply not right that such companies can take money from people without any responsibility for the property they are running.”

Paul Shamplina of Landlord Action (pictured), says: “This is great news for landlords and it’s clear the court has used common sense in realising that the contract was between the rent-to-rent operator Kensington Property Investment and the tenants, not the ‘superior landlord’ Mr Rakusen.

“Great work by the NRLA and David Smith, which sets a good precedent and will stop future spurious RROs being made in the future against head/superior landlords who are not involved in the transaction with the tenant, which has happened many times in the past.

“There remains a lot of work to be done on the rent-to-rent industry largely because there are so many rogue operators within it.”

View Full Article: BREAKING: Supreme Court rules that ‘superior landlords’ not liable for RROs

House prices fall for the first time since June 2020

admin    Uncategorized     agents

The UK’s house prices have recorded their first annual fall since June 2020 after dropping by 1.1% year-on-year in February, Nationwide reports.

It is also the ‘weakest performance’ for prices since November 2012.

Prices between January and February fell by 0.5% –

View Full Article: House prices fall for the first time since June 2020

Landlords opting for fixed rate deals when remortgaging

admin    Uncategorized     agents

More than 75% of landlords expect to opt for a fixed rate deal when it is time for them to remortgage, a survey reveals.

The lender Landbay has revealed that five-year fixed rates are still the most popular option for landlords.

View Full Article: Landlords opting for fixed rate deals when remortgaging