A political party manifesto for the PRS: What landlords DON’T want from politicians

admin    Uncategorized     agents

So, we are into the party political conference season and it is apparent that the private rented sector (PRS) is not going to be discussed – even though the country is facing a ‘housing emergency’.

And rather than offer up a political manifesto of what landlords want –

View Full Article: A political party manifesto for the PRS: What landlords DON’T want from politicians

Served Section 21 what next?

admin    Uncategorized     agents

Hello, I am a first-time landlord, who rented my property for the 1st time in Sep 2022. Our property was too big for us, and we decided to move to a smaller property and use the rent of this property for our future retirement.

View Full Article: Served Section 21 what next?

Unlock the Power of Lease Options: Discover the Course

admin    Uncategorized     agents

Last week, I did an article about my “The BEST Property Strategy in the Falling Market” webinar which took place last night. I hope you had the opportunity to attend and benefit from the insights shared during this eye-opening training.

View Full Article: Unlock the Power of Lease Options: Discover the Course

Lib Dems want to introduce landlord licensing and rent controls

admin    Uncategorized     agents

The Liberal Democrats have pledged to give private rented sector (PRS) tenants and landlords a ‘fair deal’ in their newly published policy paper which would see three-year tenancies and ‘rent smoothing’ – or rent controls – being introduced.

Plans would also see landlords having to apply for a licence – ‘much like getting a driver’s licence’ – before they could rent out a property

View Full Article: Lib Dems want to introduce landlord licensing and rent controls

Portfolio landlord of over 20 years sells 40 properties in 18 months to beat the crash

admin    Uncategorized     agents

It might not be the news you want to hear, but it’s the news you should hear. If you’re a landlord who’s built up a portfolio of buy-to-lets over the last 15 years, you’re probably in a tricky situation. You’ve got two options – stick it out

View Full Article: Portfolio landlord of over 20 years sells 40 properties in 18 months to beat the crash

Short-term lets are causing misery warns council

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A council in London is warning Airbnbs are creating an ‘enforcement nightmare’

Westminster council is calling for new powers to clamp down on short-term lets and is calling for calling for the introduction of a compulsory registration scheme for short-term let properties.

View Full Article: Short-term lets are causing misery warns council

Taking back a property to refurbish under proposed new rent reform act?

admin    Uncategorized     agents

Hello, our business model is purchasing unbroken blocks of apartments and then splitting the title, refurbishing the units and re-letting. In most cases, the tenancies are all on rolling contracts. For those that aren’t, we let them run and then refurbish.

View Full Article: Taking back a property to refurbish under proposed new rent reform act?

Rents rise as landlords exit the market, survey shows

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The UK’s private rented sector is facing a supply-demand imbalance that is pushing up rents as landlords exit the market, a survey reveals.

The findings from e.surv, which collected data from more than 500 valuers and surveyors

View Full Article: Rents rise as landlords exit the market, survey shows

Precise Mortgages boosts its buy to let affordability options

admin    Uncategorized     agents

Precise Mortgages has announced changes to its buy to let affordability criteria that could benefit personal ownership and limited company clients.

The lender, which is part of OSB Group, says it has simplified the minimum interest cover ratio (ICR) for personal ownership applications.

View Full Article: Precise Mortgages boosts its buy to let affordability options

NEW: Official ‘How to Rent’ guide out next Monday, confirms Government

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The government has confirmed that the latest How to Rent guide will go live on Monday, 2nd October, including details on the new Housing Loss Prevention Service.

The guide – for tenants and private landlords to help them understand their rights and responsibilities – was last updated in March and forms part of the prescribed information that landlords in England must issue at the start of any new tenancy or renewal, and if they don’t, they lose the right to repossess using Section 21.

It was last refreshed to reflect legal changes including the requirement for carbon monoxide alarms to be fitted in every room with a fixed fuel burning appliance, and that an electrical installation condition report must be provided to tenants.

The Housing Loss Prevention Service, which went live in early August, means that 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.

Read more about the Housing Loss Prevention Service

It replaces the Housing Possession Court Duty Service which only offers ‘on the day’ emergency advice and advocacy.

However, there are fears that it could result in more landlords fighting – and potentially losing – expensive court battles. Propertymark has warned that there needs to be an equitable system in place which is responsive, fair and progressive for all parties.

According to Propertymark, where agents or landlords have issued the existing version of the guide in advance of the tenancy start date, they should follow up by issuing the new version as soon as it becomes available, keeping evidence that this has been done – preferably using a system that also shows that it has been delivered and opened.

Find the updated guide on 2nd October on the DHCLG website.

View Full Article: NEW: Official ‘How to Rent’ guide out next Monday, confirms Government