Association of Short Term Lenders rebrands with new name

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The Association of Short Term Lenders (ASTL) has a new name from this week when it rebrands as the Bridging & Development Lenders Association (BDLA).

A new website and LinkedIn page will also be unveiled.

The organisation’s chief executive

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The Dangers of Renting Your Property to a Charity for Subletting to Vulnerable Tenants

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Renting your property to charities that sublet to vulnerable tenants can seem like a benevolent and socially responsible thing to do, coupled with the reassurance of ‘hands off’ passive income guaranteed for a number of years. However, landlords must be cautious and well-informed about the potential pitfalls.

View Full Article: The Dangers of Renting Your Property to a Charity for Subletting to Vulnerable Tenants

Landlord’s message to Angela Rayner and Generation Rent: “Banning Section 21 will leave tenants unhappy”

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In a direct video addressed to Generation Rent’s Ben Twomey and Angela Rayner, Nottingham landlord Mick Roberts argues abolishing Section 21 will harm tenants.

Labour has promised to immediately ban Section 21 and clampdown on ‘unscrupulous landlords ripping off tenants with extortionate rents and lurid living conditions’.

View Full Article: Landlord’s message to Angela Rayner and Generation Rent: “Banning Section 21 will leave tenants unhappy”

Anti-landlord nonsense steps up a gear – thank you Labour and Generation Rent

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I’ve tried to ignore the manifestos and was doing well but then up pops my old friend Angela Rayner with some more nonsense about landlords in the private rented sector (PRS).

Labour doesn’t understand housing and it certainly doesn’t understand landlords –

View Full Article: Anti-landlord nonsense steps up a gear – thank you Labour and Generation Rent

Half of HMO landlords rely solely on rental income

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Nearly half (47%) of HMO (house in multiple occupation) landlords rely solely on their rental income for their livelihood, a survey reveals.

The research from buy to let lender Landbay also found that almost a third (30%) of participating landlords owned HMO properties

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Shocking truth reveals councils’ powers over landlords

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Dawn-style raids, more powers than the police and issuing £105,000 fines —councils wield considerable authority in regulating landlords.

Phil Turtle, compliance director from Landlord Licensing & Defence deals with councils daily and issues a stark warning to landlords.

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Labour vows landlord crackdown to improve ‘lurid living conditions’

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Labour says it will crackdown on ‘unscrupulous landlords’ who are strangling growth in the private rented sector (PRS).

The party is adding details to its manifesto which was launched last week.

It says there will be a clampdown on ‘unscrupulous landlords ripping off tenants with extortionate rents and lurid living conditions’.

View Full Article: Labour vows landlord crackdown to improve ‘lurid living conditions’

UK house prices show signs of recovery after slowdown

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The UK’s housing market appears to be stabilising after a period of decline, with average house prices edging upwards for the second month in a row, the Office for National Statistics (ONS) reports.

It says that house prices rose 1.1% in the 12 months to April

View Full Article: UK house prices show signs of recovery after slowdown

Tenants owe £10k but daughter is asking for a good reference?

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My tenants owe me nearly 10k in rent and legal fees. I am still waiting to get a high court enforcement order to evict them from my property, which could still take several weeks.

I have received an email from their daughter asking me for a good reference so she can rent privately citing it is of benefit to no one for not giving her a good reference as they won’t be able to move out.

View Full Article: Tenants owe £10k but daughter is asking for a good reference?

Most portfolio landlords aren’t worried about the next government

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UK landlords say they aren’t worried about the potential political change of government next month, and most will keep hold of their buy to let portfolios, research reveals.

The findings from Zero Deposit show that despite various legislative changes under the Conservative government

View Full Article: Most portfolio landlords aren’t worried about the next government