Section 24 Campaign Arrives in Poole

admin    Uncategorized     agents

Poole is the latest City to see the erection of a Section 24 campaign billboard.

It is located just off Old Wareham Road, Poole BH12 4QS and traffic data shows that 928,000 motorists will pass it every month.

The post Section 24 Campaign Arrives in Poole appeared first on Property118.

View Full Article: Section 24 Campaign Arrives in Poole

Quick-fire FAQ’s on GDPR

admin    Uncategorized     agents

With GDPR deadline fast approaching, here we speak to Landlord Advice Team Manager Rupinder Aujla about the common questions that landlords are calling to ask. What does GDPR stand for? GDPR stands for General Data Protection Legislation. Replacing the Data Protection Act, it is likely that all landlords will be affected by the new rules […]

The post Quick-fire FAQ’s on GDPR appeared first on RLA Campaigns and News Centre.

View Full Article: Quick-fire FAQ’s on GDPR

Mental Health Awareness Week: How do you feel?

admin    Uncategorized     agents

When was the last time you felt stressed? As part of Mental Health Awareness Week, the RLA is encouraging landlords to pause and take the time to consider their mental wellbeing. Mental Health Awareness Week is an annual national campaign organised by the Mental Health Foundation.This year, the campaign is focusing in particular on stress, […]

The post Mental Health Awareness Week: How do you feel? appeared first on RLA Campaigns and News Centre.

View Full Article: Mental Health Awareness Week: How do you feel?

The importance of a Tenancy Application Form

admin    Uncategorized     agents

The Application Form

You should always use a comprehensive Tenancy Application Form when taking on a new tenant. You need a completed application for each adult tenant in the property.

The Tenancy application form is a very important starting point for any residential or commercial property letting. The application collects the background (biographical) information about a prospective tenant and provides sufficient information to do detailed screening checks, including a brief interview, credit checks and referencing.

It also informs the tenant in a formal way about the tenancy, about your data protection obligations (GDPR), and includes a statement of truth for the tenant to sign. The form gives you permission to carry out your checks and where necessary pass on the applicant’s personal details to third parties.

You should tell your prospective tenant that to save time it is very important that all sections of the form are completed and that one form is needed for each adult occupant.

A Tenant’s Application Form is the most important document after the tenancy agreement.

The application form records permanently the tenant’s declaration as to his or her identity, previous residences and employment histories, income status, referees, and personal details  – smoker? pets? other occupants, next of kin, children, vehicles etc.

It also confirms the tenant’s understanding of the property to be let, the type and length of tenancy and basic terms, the costs and expenses to be paid and the rent and deposit required.

The completed form represents an important legal document which forms the basis of the tenant screening or verifying process and the contract. It will provide sufficient information to enable the landlord to contact the tenant, or his or her relatives, even if the tenant absconds.

The information contained on the form will become invaluable should you subsequently need to take your tenant to court for an eviction or a money claim.

Inform your prospects that the form should be returned as soon as possible so that references can be taken up quickly and a credit search carried out.

You will find more information and a selection of tenancy application forms here:

www.tenantverify.co.uk

©1999 – Present | Parkmatic Publications Ltd. All rights reserved | LandlordZONE® – The importance of a Tenancy Application Form | LandlordZONE.

View Full Article: The importance of a Tenancy Application Form

Up to 380,000 landlords looking to let go of property!

admin    Uncategorized     agents

A significant number of homes suitable for first time buyers could flood the market in the coming year as new figures show approximately 380,000 landlords 19% intend to offload property.

The figures indicate that 45% of landlords who intend to sell property in the coming year plan to sell individual flats and apartments

The post Up to 380,000 landlords looking to let go of property! appeared first on Property118.

View Full Article: Up to 380,000 landlords looking to let go of property!

RLA senior researcher in line for top award

admin    Uncategorized     agents

RLA senior researcher Dr Tom Simcock has been named one of the property industry’s rising stars, reaching the final of the British Property Federation’s (BPF) Tomorrow’s Leaders Awards. Since joining the Residential Landlords Association in 2016 Dr Simcock’s work has been hugely influential. His research on the impact of the sharing economy on the rental market […]

The post RLA senior researcher in line for top award appeared first on RLA Campaigns and News Centre.

View Full Article: RLA senior researcher in line for top award

Static shocks – Council require full inspection!

admin    Uncategorized     agents

I received a phone call from the Council Disrepair Unit to say that one of my tenants had complained of receiving electric shocks.

When my maintenance manager attended, half an hour later, it turned out that the tenant was receiving static electricity shocks from the kitchen tap

The post Static shocks – Council require full inspection! appeared first on Property118.

View Full Article: Static shocks – Council require full inspection!

Aldermore Later Life Lending – up to age 99

admin    Uncategorized     agents

Aldermore are now they’re extending their specialist mortgage products to offering later-life mortgages exclusively distributed via 4 firms.

For borrowers aged up to 99, with a maximum Loan to Value of up to 75% and  some products with no early redemption charges.

The post Aldermore Later Life Lending – up to age 99 appeared first on Property118.

View Full Article: Aldermore Later Life Lending – up to age 99

May Buy to Let Market Update

admin    Uncategorized     agents

Welcome to ‘Buy to Let Market’, a column aimed at providing you with recent criteria and product updates within the Buy to Let lending markets. Buy to Let Market Update:  Virgin Money – has reduced the stress rate on its 5 year fixed rate Buy to Let loans to 5 per cent. The rate was […]

The post May Buy to Let Market Update appeared first on RLA Campaigns and News Centre.

View Full Article: May Buy to Let Market Update

Looking for campaign support

admin    Uncategorized     agents

Dear Property118 members

We are looking for volunteers to “raise the game” in regards to campaigning to have the Section 24 “restrictions on finance cost for individual landlords” repealed.

If you are a member of a Landlords Association

The post Looking for campaign support appeared first on Property118.

View Full Article: Looking for campaign support