Sell now before rates cause buyers to scatter and prices to plummet

admin    Uncategorized     agents

The NRLA recently reported that 1 in 3 landlords are going to trim down their portfolios. A whopping 33% of landlords currently selling throughout the UK. Of that 33%, most landlords agreed that they would be willing to take 80% of the value just to get rid of them because mortgage payments are out of control.

So we’ll get straight to the point. At Landlord Sales Agency, we get landlords higher than 80% value, faster. In fact in many cases we’ll even get you higher than the current market value. We’ll also sell your entire portfolio, or however many properties you need to shift, in less than a month. Our average sale time is just 21 days, for the best prices.

How? We sell to other landlords coming into the market. This means that tenants can stay – new landlords starting from a financially “fresh” position don’t mind taking your portfolio on no matter what condition, and they’re prepared to pay high prices for a ready-made deal they can fix.

Problem tenants? No problem for us, we mediate to ensure all your tenants are happy whilst you sell, or if they want to stay we’ll come up with a deal for you, and negotiate on your behalf. No one else is giving tenants this much security to ensure both you and your tenants walk away winning.

Need a refurb? We’ve got an entire team of builders to assist. Need to be compliant to regulations? We can help you with all your certificates.

Worried about what price you’ll get compared to an auction or estate agent? We’ll do you one better: nothing beats the bidding wars from our powerful database of over 30,000 private buyers who get alerts straight to their phones every time we list a new property.

Put simply, no one can beat us. We’re here to get landlords the best prices, and get them out of the market while they still can.

We’re the problem solver for landlords when they’re at the end of their tether.

So if you’re a landlord who needs to sell, come to us. You’ll want to act fast – with the eviction ban looming in just 12 months time, on top of already rising interest rates in a falling market, there’s no time like the present to ensure you exit the landlord sector unscathed and ready to invest elsewhere.

We don’t have to convince you to come to us, if you’ve seen our recent news before, you’ll know there’s a reason we’ve got the best relationships with landlord associations throughout the country. We’re fast, honest, and we do exactly what we say we’ll do.

Last week statistics showed that 3,000 landlords had tuned in to hear our podcast, The Landlord Show, giving advice on landlords wanting to sell. In the last two weeks alone, we had over 150 landlords approach us to sell. Our team of experts jumped in, ready to help every single one of them.

So get in touch today, let’s get you sorted. No matter how many properties you have, no matter what condition, we’ll get them sold and get you money in the bank so you can move on and avoid the financial crisis once and for all.

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View Full Article: Sell now before rates cause buyers to scatter and prices to plummet

New court service for tenants risks more landlords facing huge eviction costs

admin    Uncategorized     agents

The new Housing Loss Prevention Advice Service could result in more landlords fighting – and potentially losing – expensive court battles.

There are fears that the threat of a £15,000 legal bill if they lose their possession claim hearing could be enough to dissuade some from taking legal action.

From 1st August, tenants facing eviction or repossession can get free early legal advice on housing, debt, and welfare benefits issues before appearing in court, as well as continuing to get advice and representation on the day of their hearing. It replaces the Housing Possession Court Duty Service which only offers ‘on the day’ emergency advice and advocacy.

Unintended consequence

Paul Sowerbutts (pictured), head of legal action at Landlord Action, tells LandlordZONE that while it will mean more tenants get advice earlier, the likely – unintended – consequence will be more tenants also getting full legal aid, so that landlords end up fighting more lengthy and costly court battles.

He says costs of at least £15,000 for a one-day trial are not uncommon. “This scheme makes it more likely for a case to go to a full day trial – tenants can cause more mischief and are at a significant advantage,” says Sowerbutts. “If they lose the case, they don’t have to pay costs.”

More difficult

He adds that the upcoming reforms and this new scheme will make it more difficult to be a small landlord, although it should encourage a better relationship with tenants as landlords try to pre-empt problems.

One worried landlord tells LandlordZONE: “It seems very unfair as tenants don’t need to be means-tested to get help while we have to pay for representation, which is a lot for someone who only has one or two properties. The system is really weighted against landlords.”

Read more about the Housing Loss Prevention Services.

View Full Article: New court service for tenants risks more landlords facing huge eviction costs

BTL landlords should share capital gains profit with tenants – call

admin    Uncategorized     agents

Since tenants pay for their landlord’s buy to let mortgage repayments, they should get a share of the profits, one leading commentator says.

John Bird is the founder and editor-in-chief of The Big Issue, a social enterprise and street newspaper

View Full Article: BTL landlords should share capital gains profit with tenants – call

PRS reform legislation to cost landlords just £10 a year, claim campaigners

admin    Uncategorized     agents

Pro-tenant campaigners have claimed that the Government’s looming overhaul of the private rented sector will cost landlords a ‘meagre’ £10 each per annum.

The Renters’ Reform Coalition, a group that lists 20 organisations including several tenant unions, Shelter, Age UK, the Joseph Rowntree Foundation, Crisis and the Nationwide Foundation, has not revealed why it believes the huge changes will cost such a small amount.

Its statement published last night claims landlords can easily afford the money given the ‘median total wealth of buy-to-let landlords is £942,00’.

The coalition says it has made the claim in a bid to persuade the Government to accelerate its Renters (Reform) Bill which, although it was introduced nearly two months ago, has yet to receive a second reading.

Also, the Renters’ Reform Coalition accuses landlords – namely the NRLA – of conducting a “years-long lobbying campaign…to water down and delay the proposals, by claiming the additional regulation will drive landlords to sell their properties, and to push for favourable tax changes to compensate for any increased regulation”.

Negligible

Tom Darling, Campaign Manager of the Renters’ Reform Coalition, says: “The Government’s own Impact Assessment shows that the costs to landlords of the basic protections for tenants in the Renters (Reform) Bill are negligible, especially compared to the significant wealth of a typical buy-to-let landlord.”

“There is a crisis facing renters and the lack of progress on this important legislation is very concerning.”

“The Impact Assessment ought to give the Government confidence to ignore the hot air from landlord groups about the burdens of regulation, bring forward the Bill, and heed the Renters’ Reform Coalition’s demands to improve the protections for tenants in the legislation, such as through longer notice periods and extended protection from eviction.”

View Full Article: PRS reform legislation to cost landlords just £10 a year, claim campaigners