Jan
24

ARLA welcome strengthening consumer redress

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Mark Hayward, Chief Executive, NAEA Propertymark and David Cox, Chief Executive, ARLA Propertymark, comments on the Government’s response to Strengthening Consumer Redress in the Housing Market consultation: “In Propertymark’s response to the consultation last year, we called for greater clarity in the system and streamlining through the creation of a single portal along with a unifying code of practice for all housing providers.

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Jan
24

Cost to landlords to join a COMPULSORY Redress Scheme?

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On 24th January 2019 DGLG announced that it will become compulsory for Private Landlords in England to become members of a Redress Scheme.

No dates are available yet as to when this will become law but meanwhile I have been looking into the cost implications and decided to make my membership application to the Property Redress Scheme TODAY!

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Jan
24

Private landlords will be legally required to become members of a redress scheme

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A new Housing Complaints Resolution Service has been announced for the entire housing market and for the first time ever, private landlords will be legally required to join a housing redress scheme. Click here to view the MHCLG release:

Private landlords will be legally required to become members of a redress scheme – with a fine of up to £5,000 if they fail to do so.

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Jan
23

Got land?  Add a studio flat for £15k, no planning permission required.

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It has been confirmed by Councils that these studio flat accommodation units (usually) do not need planning permission, and they would qualify for the 1 bedroom self-contained rate of Housing Benefit (Local Housing Allowance).  Best of all, these fully fitted studio units only cost around £15,000. 

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Jan
23

DWP complaints system is not working!

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Since the roll out of Universal Credit many landlords have become more and more frustrated in DWP’s consistencies.

Recently, we have seen a large amount of complaints from landlords regarding DWP’s current complaint process. DWP are failing to respond to Stage One complaints within the 15 day period as stated in their policy and in most cases complaints are not even receiving a response.

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Jan
23

Best route to mitigate Stamp Duty for new landlord?

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Background is that we are looking to buy a new residential property and retain our current property as BTL. I work and am hitting 40% tax, my partner has no income.

Reading the forum (excellent BTW) I can see that setting a declaration of trust up would enable us to use her tax free allowance.

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Jan
23

The Daily Mail gets it?

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Daily Mail article published last night, Click here to view the full article:

How Britain’s £239bn buy-to-let bubble burst: Our devastating audit shows ‘amateur’ landlords have been ruined by tax penalties – and lost their pension plans

The article goes on to say:

“A deluge of taxes and an uncertain market has seen tens of thousands abandon the buy-to-let industry.

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Jan
23

DPS claim renting became more affordable in 2018

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Renting became more affordable in 2018 thanks to a combination of a once-in-a-decade fall in annual rents and wage inflation, according to The Deposit Protection Service (DPS).

2018 was the first calendar year since the global financial crisis of 2008 that average rents decreased in the UK

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Jan
22

Tenant Fees Ban – Examples

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Our article “Ban on Lettings Fees to commence June 1st” (click here) created a great deal of discussion in the comments section and in-depth detail on what will and won’t be allowed and is worth catching up on along with the examples below.

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Jan
22

Service continued with barely a hiccup!

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Steve Harriott, Chief Executive Officer at Tenancy Deposit Scheme (TDS), discusses the serious fire at the company’s head-office, and how meticulous planning and a strong team meant that the service continued with barely a hiccup.

(Pic right –

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