Oct
10

Shelter misleading the public about its finances

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If you search on Shelter’s website for Annual Report you will be given a link with that name which takes you to a page called “How we spend your money�

This states, “For every £1 you donate 79p is spent directly on helping people through advice

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Oct
10

Claims that 33% of landlords ignore deposit schemes

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Rental Deposits:

Research carried out by comparison website, ComparetheMarket.com, reveals that up to one-third of landlords, affecting something like 1.5 million tenants, could be ignoring their legal obligations to protect tenancy deposits in an approved Deposit Protection Scheme (DPS).

The price comparison website with the legendary Meerkats says, “Over 1.5 million renters across the UK could be at risk of losing their deposits�, stating that one third (33%) of renters know that their landlord has not placed their money into a Government-backed deposit protection scheme. A further third (35%) of renters do not know the whereabouts of their down payment, the holding deposit.

Even more surprising is the claim that around 20% of landlords fail to issue any form of written tenancy agreement for their tenancies, leaving themselves and the tenant in a sticky position should there be a need to rely on the legal system. There would be no means of easily proving when the tenancy started, what the contractual rent amount is, and any Section 21 notice served would be invalid.

  • One third (33%) of renters say that their landlords have not put their money into a deposit protection scheme.
  • Almost one fifth (19%) of UK tenants do not have a contractual agreement with their landlord.
  • Renters are significantly underinsured as over one third (36%) don’t have contents insurance.
  • Younger demographics are worst affected as half (46%) of 18-34 year olds don’t have contents insurance.

It is still commonplace for landlords to arbitrarily deduct money from their tenant’s deposits when they leave, with the research indicating that this happens in around 18% of cases.

Other findings conclude that:

  • One third (30%) of landlords are slow to respond when a problem needs fixing.
  • 12% of the tenants surveyed claim that they have to make repeated efforts before receiving a response.
  • 9% of tenants said that it can take between a fortnight and a month for an issue at their property to be resolved. However, says the report, in some of these cases the landlord is not always at fault.
  • Barriers to access could account for many of these problems, as over one in ten (14%) of tenants go through a letting agency in order to contact their landlord.

The research shows, however, that the faults are not all one way. Tenants also often neglect their duties, including not allowing access or making poor arrangements for this, and not insuring their own possessions.

More than 36% of tenants do not have any form of contents insurance. Young people in particular are the least likely to take out any form of insurance, with almost half 18-34 year-olds failing to take out a tenant’s contents insurance policy.

There are more strict legal requirements needed when letting a property if landlords are to avoid trouble – see the New Section 21 Rules

See our letting checklists here- https://www.landlordzone.co.uk/documents

©1999 – Present | Parkmatic Publications Ltd. All rights reserved | LandlordZONE® – Claims that 33% of landlords ignore deposit schemes | LandlordZONE.

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Oct
9

Only 16 English councils know how many properties are covered by new HMO regulations

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Only a handful of English councils have said they know now many properties in their area are covered by new regulations governing safety and overcrowding, leaving potentially tens of thousands of flats and bedsits to continue operating illegally, new research has revealed

The Government has estimated that new rules governing dangerous and overcrowded properties

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Oct
9

Liability for Council Tax – tenant left before contract end?

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Who is liable for Council Tax if the tenant leaves before the contract ends?

I’m looking for help and advice here from those in the know. I seem to remember a similar thread in the past somewhere on this forum.

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Oct
9

How we are helping a BTL property developer to let an entire new build development on the day of completion

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We are in discussion with a developer who pre-sold his entire new build project to BTL investors off plan 18 months ago. Part of the deal he was offering included a guaranteed a fixed rental return on investment to purchasers for three years from completion.

The post How we are helping a BTL property developer to let an entire new build development on the day of completion appeared first on Property118.

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Oct
9

Straw Poll to combat further government attacks – Please help

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There is now the possibility of the Government extending its fiscal attack on the PRS, Click Here, by scrapping lettings relief of up to £40,000 and reducing the PPR period from 18 months to 6 months. The supposed quid pro quo being landlord exemptions from paying 50% of their CGT that would otherwise be payable

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Oct
9

Universal Credit tenants in £1,700 arrears

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Rent Arrears:

It’s a sad story that comes up again and again, but thankfully not too often. Dysfunctional tenants have to be evicted because they are not only in serious rent arrears, they left the property in a terrible mess. The landlord is faced with the distasteful job of cleaning up after them, writing off the debt, and spending thousands on a complete refurbishment.

As more and more landlords in the private rented sector have found themselves housing low income or in some cases, “no income� tenants and families, supported largely with social housing benefits, these sorts of incidents do arise.

They leave the landlord shattered and with little recourse to a remedy. Pursuing such tenants for arrears is a pretty fruitless and an expensive exercise – there are no resources there to pay off the debt, let alone the cost of repairing the damage caused to the property.

As the Grimsby Telegraph reports, the disgusting mess left by these Grimsby tenants claiming Universal Credit, and in £1,700 rent arrears, left a landlord’s house needing complete refurbishment before it could be lived in again

It seems the tenants had not been passing on to the landlord rent being paid in housing benefit under the Universal Credit scheme. On entering the property the landlord was faced with the distasteful task of bagging and removing more than 50 bags of household waste from the home, which had been housing a family with two young children.

The landlord told the newspaper that his kitchen had been “ruined”, completely covered in dirt and grime, with bags of rubbish and waste left scattered everywhere, and many of the cupboard doors broken off their hinges.

Doors throughout the house had been broken, carpets damaged beyond repair, electrical sockets knocked out of the walls and left hanging loose with exposed wires, and the bathroom wrecked as well. Even some of the ceilings were said to be covered in dirt and grime.

The landlord’s property managing agent, Anne, had said that it had “completely put them off renting to tenants who are on housing benefits�, stating that they had had numerous problems with tenants on the benefit, but none had left their houses in such a bad state as this one.

However, despite the bad experience, the landlord and agent had decided to let again, after having completely refurbished within one week, to a family from Nottingham Council who contacted them about housing a family in urgent need of re-housing.

Anne told Grimsby Telegraph:

“After we found the house in such an awful condition, we were steadfast against ever renting to people on housing benefits or renting through the local authority.

“But then Nottingham Council contacted us, and after they offered to provide us with three months’ rent in advance, this enabled us to make the necessary repairs.”

Anne had complained about poor communication between the authorities and landlords when tenants on benefits get into arrears:

“Many times when a tenant goes onto the benefit system, there is no communication with us as landlords, and for the first few months we often get no rent paid.

“To try and fix this we have sent documents to tenants and the Department of Work and Pensions, providing them with the correct forms so that rent is paid directly to us, but we have just hit brick wall after brick wall while doing this.

“There are times that I have been hung up on by the DWP just for simply trying to chase up where one of our tenants’ rent is coming from.

“It is putting landlords off renting to people on benefits altogether, as we cannot afford to go without rents being paid,” she said.

©1999 – Present | Parkmatic Publications Ltd. All rights reserved | LandlordZONE® – Universal Credit tenants in £1,700 arrears | LandlordZONE.

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Oct
8

Calling all Landlords who need Block of Flats Insurance

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IF you are a landlord who owns a block of flats or you are a freeholder within a management company that operates a block of flats, then we may be able to save you money on your block of flats insurance.

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Oct
8

Getting in the Ring – New Landlords Association

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The New National Landlords alliance, despite not being fully operational yet and awaiting the website build, has today got in to the ring to fight for landlords. See our tweet.

We have written to Chancellor Hammond with the following demands:

An amendment to sect 24 (we want it repealed) but decided to give them some wriggle room.

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Oct
8

Company let eviction with 3 months rent arrears

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I have a Company Let (no name of the Ltd Company ; only an individual name on the tenancy agreement) where the tenant is not paid rent for last three months amounting to GBP 10K . The LA (Letting Agent) made the agreement and we were too naïve to understand that a Company Let needs to have the LTD Company Reg number!

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