Possession reform: Have you made your views heard?

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The RLA is encouraging members to make sure they have responded to the Government’s consultation on plans to change the possession process. There is only a few weeks left for landlords and letting agents to have their say, with the consultation closing on 12th October 2019. What the consultation wants to know Specifically, the consultation […]

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Lib Dems vote for Section 21 ban

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Assuming the Liberal Democrats ever get near government again, their members have voted for the policy proposal of banning Section 21 at their party conference in Bournemouth.

This policy will presumably feature in next Lib Den manifesto and may or may not have time to be updated following the government consultation that is due to be completed on the 12th of October.

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North-Wales based house builder starts major build-to-rent rent schemes

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Build-to-Rent:

Redrow has teamed up with property investment company Realstar to
provide two major build-to-rent schemes costing more than £180m, in
London.

Redrow is to start with planning for 513 new rental homes in the
Southall and Colindale districts, which when completed are to be
professionally managed under the UNCLE brand.

UNCLE is a residential rental company owned and managed by the
Realstar Group, a Canadian real estate investment and property
management business with more than 40 years experience in the
industry. The company owns and manages in excess of $6 billion of
assets. In Canada, Realstar is an established estate company owning
over 25,000 apartments across the country.

Since launching in the UK in 2002, the company has invested in the
primary healthcare, student accommodation, hotel and rental
residential sectors, including co-ownership of 13,000 hotel rooms
throughout the UK.

These new developments will be the house builder’s third and
fourth PRS schemes, as Redrow aims to diversify its offering into
private rental homes.

The £119m deal at Redrow’s Colindale site in North London will
involved the construction of 347 new flats.

Redrow’s announcement follows on from an £82.7m deal which
Redrow announced with M&G Real Estate last year. This brought a
further 186 new rental homes to Colindale Gardens as well as 211
homes sold to L&Q in 2016.

Located in the Burnt Oak and Colindale Opportunity area, Colindale
Gardens is a £1.2bn new community, which is being created by Redrow
on the site of the former Peel Centre Metropolitan Police training
college.

More than 2,900 new homes are to be built over the next ten years.

At Southall in West London, Redrow will also deliver 166 one, two-
and three-bedroom apartments in a £64m deal with Realstar.

The site sits adjacent to Redrow’s existing scheme The West
Works, where the housebuilder is currently delivering 302 new homes
as part of a mixed-use scheme.

Mark Parker, Managing Director of Redrow London, says:

“Both Colindale and Southall are quickly defining themselves as
new property hotspots as they undergo significant inward investment.�

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Landlords back merger plans

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Landlords have backed plans for its two largest representative bodies to merge to provide a stronger voice for the private rented sector. Following meetings held today, members of the Residential Landlords Association (RLA) and the National Landlords Association (NLA) have voted for the two organisations to unite to form the National Residential Landlords Association (NRLA).  […]

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Does Multi occupancy/HMO affect property value?

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There are two flats in a converted terraced property of which I own the ground floor flat. The other first floor flat (FFF) is owned by another leaseholder. I bought the freehold over 10 years ago with the previous leaseholder who then sold up and it was transferred to the current leaseholder and hence we both now own the freehold jointly.

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Universal Credit: Report finds direct payments effective in curbing rent arrears

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A report published today by the Smith Institute, commissioned by Southwark Council has found that direct payments of benefit to landlords contributed most to reductions in rent arrears. The report findings show that there has been a noticeable decrease in the levels of arrears for those claiming Universal Credit in 2018, compared with those transitioning […]

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#DepositDoctor: “Can I hold my tenant’s deposit?”

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This week’s #DepositDoctor blog, written by RLA partners the Tenancy Deposit Scheme answers a popular question from landlords, “Can I hold my tenant’s deposit?” Types of deposit protection With the protection of deposits being a legal requirement since 2007, it’s worth remembering the obligations placed on a landlord to protect a tenancy deposit and of […]

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How to: Deal with condensation

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It is starting to feel like Autumn outside, and as the weather gets cooler you may become aware of more condensation in your rental property. Condensation occurs where moist air comes into contact with air or a surface, which is at a lower temperature. It can form on any surface, and may not be noticed […]

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Rent controls that aren’t so tough landlords sell up?

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The Fabian Society, a left wing but not Marxist think tank, has released new research claiming private renters support for rent controls is motivated by more than just saving money, but also to tackle insecurity and unfair treatment. However, renters want rent controls that make a difference

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One third fall in number of vulnerable people sleeping rough

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New analysis shows that the government’s Rough Sleeping Initiative is having a significant impact on reducing the numbers of vulnerable people sleeping rough on the country’s streets. It has provided £76 million to 246 councils across the country to date

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