Opposition MPs call for Right to Rent review

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A cross-party group of Opposition MPs have written to the Home Secretary urging a review of the Right to Rent policy, it was reported today. According to The Guardian, the group has raised serious concerns over the way the scheme is monitored and evaluated – following a report released in March by the Independent Chief Inspector […]

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Everyone’s talking about Birmingham

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There is no better time than now to invest in Birmingham.

The Birmingham story is one that continues to get more and more compelling, and this is why so many investors are looking away from London and toward Birmingham

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RLA is campaigning for changes to landlord tax rules

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Landlord Tax:

The Residential Landlords Association (RLA) is campaigning to get the tax rules changed because it says this is needed to boost the supply of new homes to rent.

With the number of homes coming up to let in short supply, the RLA is calling on the government to re-think the way that landlords are taxed.

It is estimated that by 2025, over 25% of UK households are likely to be in privately rented accommodation. Rental demand for small-scale independent landlords’ accommodation, despite the government’s push for large scale build-to-rent, will continue to grow.

The latest statistics are showing that there is a worrying decline in the number of residential properties to let. This is not only exacerbating the so called “housing crisis� it’s putting renters under tremendous pressure when they can’t find suitable accommodation at a reasonable price.

Figures just released in the Dwelling Stock Estimates in England (2017) Report published May 2018 (see link below) show that between March 2016 and March 2017, the owner occupied dwelling stock increased by 262,000. But the private rented stock decreased by 46,000. The social and affordable rented stock increased by 3,000 dwellings and the other public sector stock decreased by 1,000 dwellings.

The RLA argument is that buy-to-let investors have been deterred from investing because of the 3% stamp duty surcharge on all second homes, including buy-to-let homes. In addition, the phased-in reduction of mortgage interest relief is also having a big impact on investment in the sector.

All the signs are that rents will continue to go up in the future despite Prime Minister Theresa May’s wise words when she launched the new National Planning Policy Framework, when she stated that when “supply goes up�, “rents come down�.

David Smith, The RLA’s Policy Director, has said:

“The figures [from RLA] show that tax hikes on the sector are choking off supply and making it difficult for prospective tenants, many of whom cannot afford to buy a home of their own, to access the homes to rent they need.

“At the same time that the Ministry of Housing has published its corporate plan in which it pledges to support the delivery of one million homes by 2020, this is hardly an auspicious start.

“Delivering homes just for those who can afford to buy is not a policy which meets the needs of many less fortunate households in the UK.

“With corporate investors still accounting for only two per cent of the private rental market, it is time to develop pro-growth taxation that supports the majority of landlords who are individuals or small businesses to invest in the new homes to rent, we desperately need.�

Dwelling stock estimates in England: Published May 2018

Housing Stock Trend reflects recent decline in Buy-to-Let

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PDPLA Donates £500 To Section 24 “Billboard Campaign”

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Martin Silman, Chairman of Portsmouth & District Private Landlords Association “PDPLA” said:

“The Portsmouth & District Private Landlords Association (PDPLA) represents around 500 landlords in South East Hampshire and exists to educate, inform and represent its members.

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Holiday season: TEN tips to keep your property safe

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We’re now into summer and many tenants will be starting to head away on holiday. What’s more, University students across the country will be finishing their courses and some heading back home for the summer. When properties are vacant, it is important to make sure that they are kept safe, whether it is a void […]

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Essential Market Report by Mark Edwards

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Despite Brexit uncertainty and a slump in economic growth¹, the UK property sector is seeing annual house price of 2.2% however “Housing demand has softened in the early months of 2018².

London was the only region to experience house price falls.

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Unique 3 bed BTL houses within a Cheshire church

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We have a fantastic one-off investment opportunity which features 3 bed houses within a Church conversion in Runcorn Cheshire.  3 of the 4 houses in the Church have already been sold and prior to completion taking place tenants have already been secured at the full rental price.

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Evicting wife of tenant not on the agreement

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How do we go about evicting a “tenant” who was not on the Tenancy Agreement?

Our original tenancy agreement was made with the husband (he is married and lived with his wife there and has a son, now aged 13 also in the house)

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Harrow Landlord fined record £370,000

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Rogue Landlord:

Yunus Oomerjee, 56, of Framewood Road, Slough illegally converted a Harrow home into eight shoddily-built flats

The rogue landlord repeatedly ignored council notices before being found guilty of serious planning and housing safety offences at Harrow Crown Court on June 20. He was sentenced on May 4 and fined a record £370,000.

Oomerjee illegally converted a small Harrow home into eight flats and according to Harrow Council, the flats were of poor construction, built without building regulations approval, fire safety or electrical checks, and Oomerjee feigned ignorance of the repeated council notices.

At Willesden Magistrates’ Court Oomerjee was ordered to pay £355,000 in confiscation proceedings on May 4 and was also fined £1,250 with £15,000 for costs, plus £7,000 for HMO licence violation.

A confiscation order was made to recover the money Oomerjee made, and as a result of failing to comply with five enforcement notices from Harrow Council.

Speaking after the sentencing, Councillor Graham Henson, leader of Harrow Council, said:

“This is not just a victory for Harrow Council, it is a victory for Mr Oomerjee’s long-suffering neighbours along Eastcote Lane and for all decent landlords in Harrow who obey the law.

“Planning is not a pushover – and we’ve now given this bungalow bungler a very, very expensive lesson.”

©1999 – Present | Parkmatic Publications Ltd. All rights reserved | LandlordZONE® – Harrow Landlord fined record £370,000 | LandlordZONE.

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Forum Spotlight: Running a childminding business from home

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This week is Child Safety Week, and we’re taking a look at a Forum post around running a childminding business from your home. Child Safety week is run by Child Accident Prevention Trust, and it is designed to raise awareness of the risks of child accidents and how they can be prevented. A landlord posted […]

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