There’s nothing that will stop Landlord Sales Agency from getting your property portfolios sold in just 19 days

admin    Uncategorized     agents

Last year, because interest rates were so low and many landlords were incorporating, landlords weren’t thinking of selling. This year however tells a completely different story. Mortgages have shot up following high interest rates, leaving an innumerable amount of landlords with impossibly large bills. The bottom line is: landlords need to sell. As a landlord myself, I’ve also been living and breathing this, having had to personally downsize by selling 75 properties and keeping 20 for now, but even I am considering downsizing further as I sit and watch the very likely possibility that house prices might drop by the end of the year. There’s no question: I want to sell fast and release equity fast so I can weather the storm.

It’s for precisely this reason that I set up Landlord Sales Agency – because I knew exactly what to do to relieve landlords of their problems having done it for myself, and I was confident that I had the best strategy, with a phenomenal team of experts who deliver. The results speak for themselves; Landlord Sales Agency has steadily emerged as the best company to help landlords sell, not only getting the highest possible prices for portfolios, but also in the fastest time scales. And because my own personal mantra is that there’s no problem I can’t solve, that’s trickled down to a formula 1 style team of experts who all follow the ethos of getting your properties sold for you, fast, for the highest price no matter what.

Recently we sold a buy-to-let portfolio for a client who had 68 properties in Liverpool to one single buyer who bought the whole lot. However like with many landlords who come to us, the portfolio had its challenges. We did exactly what we promised, and rapidly solved every single issue including organizing 68 surveys on all those properties. In addition the landlord didn’t have gas certificates, nor did he have EPCs. Our builders on the ground delivered, getting these for him on every property at barely any cost. It’s these kind of issues that solicitors need resolving for landlords to complete on sales, and we take all of them off your hands.

Another landlord recently gave us 14 properties all over the East Midlands and Southern England. For this client we sold all of these individually to different buyers from our private database of over 30,000 investors, who are buying single units throughout the UK, to get him the best price for the portfolio. All of these were tenanted, with issues, and we overcome every single issue to ensure we got him the best price, as fast as possible. When I say fast, I mean exactly that:

Our average time to sell a whole property portfolio in the last 12 months is just 19 days.

It doesn’t matter what the issue, we’ve dealt with it all. Even coal mines, planning issues, and anything that might raise flags, we’re experts at overcoming all red herrings that could cause deals to fall out of bed.

Whatever you can think of, we know how to overcome. If like many landlords you haven’t put the rent up for 10 years and you’re worried that won’t help you sell – we deal with this too. We’ll help write letters and communicate with your tenants, letting them know that the rents might increase, or that you’re selling. If you’re concerned your tenants might worry, we also deal with that – even helping tenants relocate so that all tenants are looked after. We go that extra mile that no other company will go. With most tenanted properties with tenants in situ, we try to sell to investors who’ll keep the tenant on, and if they can’t, we’re more than happy to pay a fee to help them move where possible out of our own fees. We even offer the tenants a contribution to the rent for up to 6 months so that the new landlord can increase the rent slowly over a year allowing the tenant to gradually get used to the new rent prices. Nothing will stop us from selling your portfolio. We’ll get the job done.

Landlords with mixed portfolios also have no need to panic. Be it HMOs, leasehold flats, normal properties, or properties scattered across the country: we have buyers for all types of properties. As the CEO of Landlord Sales Agency, I have direct access to buyers with huge funds that I know personally, and to the biggest property buying companies out there.

What about rentbacks? If you have properties in your portfolio where you’ve bought a property for half price and you’re renting it back, this is not a problem either. There’s no need to worry about what to do with the tenants. In those circumstances again we send letters out and massage those relationships to stagger a rent increase slowly with the tenant so that they can manage the rent for the new owners. We also agree to assist with any repair issues.

We’re a company that does exactly what it says on the tin, and with myself at the helm, you’ll get the full force of my passion and drive to deliver in your corner.

I’m so confident I’ll be able to solve all your problems and get your property portfolios sold fast for the highest price, I’m also offering everyone who gets in touch a personal zoom call to discuss how we can best sell your portfolios and solve all your problems. It’s as easy as that. All you have to do is get in touch.

Contact Landlord Sales Agency:

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©1999 – Present | Parkmatic Publications Ltd. All rights reserved | LandlordZONE® – There’s nothing that will stop Landlord Sales Agency from getting your property portfolios sold in just 19 days | LandlordZONE.

View Full Article: There’s nothing that will stop Landlord Sales Agency from getting your property portfolios sold in just 19 days

Using financial profiling to understand the impact of inflation on your property portfolio

admin    Uncategorized     agents

Barely a day goes by without some new statistic about inflation being plastered across the mainstream media.

The current rate of inflation – at the time of writing – is 9% – a 40 year high, but this is set to increase further due to the Russian/Ukraine war and other issues closer to home like supply chain disruptions and the aftermath of the Covid19 pandemic.

View Full Article: Using financial profiling to understand the impact of inflation on your property portfolio

Banning Section 21 evictions will hurt tenants too, warns Shamplina

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Banning Section 21 ‘no fault’ evictions will not reform how landlords take possession of properties but instead force them to use another mechanism to tenants’ detriment, TV star and Landlord Action founder Paul Shamplina has warned.

In a joint statement with rental payments platform PayProp, Shamplina says most tenancies end because the tenant chooses to leave, not because the landlord is evicting.

“Landlords want tenants to stay in their property long term, and only serve notice as a last resort,” he says.

 “We know from our experience at Landlord Action that most Section 21 notices are issued because a tenant is in rent arrears, or because a landlord wishes to sell or move back into their property.

“In many cases, landlords could have used Section 8 for rent arrears or anti-social behaviour, but their lack of faith in the associated court process, which is undoubtedly more protracted, is why many revert to Section 21.

Change not reform

“Therefore, abolishing Section 21 will not significantly change the number of evictions, it will simply change the process, which may have knock-on consequences for the number of open court cases and the associated costs for which the tenant will be liable.”^.

He argues that the Section 8 notice and associated grounds will become the norm.

 “There are various aspects of Section 8 that need considerable revision before Section 21 can be fully abolished.

“I believe it will need to be a phased ending to allow the courts time to clear the backlog from the last two years and for all grounds to be considered and revised appropriately.

Read: The ultimate guide to the evictions process.

“For example, the route for dealing with abandonment cases must be clarified, to prevent unnecessary court cases where the tenant has clearly already left the property.

Neil Cobbold (pictured), MD of rental platform PayProp UK: “The scrapping of Section 21 is likely still some way off, with a White Paper and the legislation itself needing to make their way through both Houses to reach Royal Assent.

“It’s important to note that reforming evictions is going to cause some upheaval and there will be a significant bedding-in period.”

Read: Tom Entwistle's take on banning Section 21 evictions.

©1999 – Present | Parkmatic Publications Ltd. All rights reserved | LandlordZONE® – Banning Section 21 evictions will hurt tenants too, warns Shamplina | LandlordZONE.

View Full Article: Banning Section 21 evictions will hurt tenants too, warns Shamplina

Can I include management and ground rent costs in a new AST?

admin    Uncategorized     agents

My tenant’s 12-month fixed term AST ends on the 1st of November 2022. However, instead of letting it roll onto a periodic tenancy can I start a completely new AST to increase the currently low rent to include:

1/ management service charge.

View Full Article: Can I include management and ground rent costs in a new AST?

Section 21 misconceptions

admin    Uncategorized     agents

In the recent Queen’s Speech, the government reiterated its commitment to scrapping Section 21 ‘no fault’ eviction notices during the next Parliamentary session.

Paul Shamplina, star of Channel 5’s Evicted! Nightmare Tenants, founder of Landlord Action and Chief Commercial Officer at Hamilton Fraser

View Full Article: Section 21 misconceptions

Latest changes to Part L of the Building Regulations

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Landlords are required to conform to the safety and environmental rules set-out in these regulations so it’s important you understand the law regarding the building regulations. The rules are in place to ensure that buildings meet a certain standard of safety to protect residents and members of the public and to comply with environmental controls.

Do you know about the latest changes to the Building Regulations 2010, Part L?

Landlords who fail to comply with the building regulations are not only putting tenants’ lives at risk, they face prosecution and significant fines. Before letting a property and completing renovations or new building works you should familiarise yourself with the building regulations and consult your local authority.

Failure to conform could result in your local authority prosecuting both you the landlord and the installer (builder, contractor etc.) in the Magistrates’ Court. The penalty is an unlimited fine under sections 35 and 35A of the Building Act 1984.

What are building Regulations?

Most building work being carried out in England must comply with the Building Regulations of 2010 made under powers in the Building Act 1984. These Building Regulations are designed to protect the health and safety of people in and around buildings, they also provide for energy and water conservation and access to and use of buildings.

The Manual to the Building Regulations gives an overview of the building regulatory system in England. You can access the most recent version of the manual at: www.gov.uk/guidance/building-regulations-and-approved-documents-index

Building regulation approvals – Full Plans

Your local authority will check and approve plans before the work starts. This will avoid costly errors and corrective work. An application deposited under the Full Plans procedure must contain detailed plans and other information showing all construction details and materials, preferably well in advance of when work is planned to start.

If the plans are approved a notice stating that they comply will be issued and work can proceed, followed by regular inspections at various stages either by the local authority building control inspectors, or an approved private firm. Once the work is completed a Completion Certificate must be obtained. This is a vital document needed when the property is sold.

Building regulation approvals – Building Notice

If the work is not over complicated and your building contractor is competent with a good knowledge of the regulations, then a Building Notice form can be adopted. The advantage of this method is speed and low cost as detailed drawings will not be required, though some basic details such as materials and structural calculations may be needed.

Retrospective regularisation applications

If work has already been carried out without proper consent, then a retrospective application can be made using a Building Regulations Regularisation form. This may be necessary even when the work was carried out by a previous owner.

Before starting any building work involving substantial alterations to a property it is always best to consult your local authority building control team to discuss your intentions before submitting an application.

What are the pending changes in Part L?

The latest changes follow on from the The Future Homes Standard 2019 Consultation on necessary changes and are part of the Government’s progress towards their target to deliver Zero Carbon Ready Homes by 2025.

From 15th June 2022, all new homes must produce 31% less CO2 emissions than what is currently acceptable in the present Part L regulations. Therefore, the construction of new dwellings must comply with the increased energy performance standards as set in the new regulations.

Building inspectors will require an on-site audit to confirm that the design details have been constructed, and photographs must be taken at stages of construction as evidence to form the BREL report. The Building Regulation England Part L (BREL) report is produced from approved SAP software to demonstrate compliance against the requirements. However, a significant change is the addition of photographic evidence provided to the energy assessor and building control.

Under the new rules, all newly constructed buildings and building work in existing buildings must be energy efficient. This includes a significantly higher standard for extensions work. The government wants to reduce carbon emissions in new homes by 31% in comparison with current standards and by a further 75-80% by 2025.

Low-carbon heating systems will need to be installed in new homes. Existing properties will be expected to upgrade to new technologies such as heat pumps and cooling schemes to tackle the problem of overheating without the use of air conditioning in order to drive down costly bills and meet its climate change goals.

A consultation on higher performance targets for non-domestic buildings, to ensure they are zero carbon-ready by 2025, has also been announced following the original consultation.

Transitional arrangements

If a building notice or full plans for building work are submitted to a local authority before 15 June 2022, then provided the building work commences by 15 June 2023, work on that building is permitted to continue under the previous standards.

The Approved Document L, Conservation of fuel and power, Volume 1: Dwellings is for use in England. Compliance may be different to the standards required in Scotland, Wales and Northern Ireland.

©1999 – Present | Parkmatic Publications Ltd. All rights reserved | LandlordZONE® – Latest changes to Part L of the Building Regulations | LandlordZONE.

View Full Article: Latest changes to Part L of the Building Regulations

All selective licensing should be borough-wide, says leading Labour figure

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According to Labour’s deputy mayor of Tower Hamlets, councils should have the power to automatically introduce selective licensing borough-wide.

Indicating the party’s policy direction, leading party figure Rachel Blake (main picture) says the current law governing where authorities can introduce licensing needs updating to reflect the growth in the private rented sector.

She attacked the announcement of a Renters Reform Bill in the Queen’s Speech for not going far enough to protect renters.

“The bill does not address the erosion of available homes that has been caused by the growth of short-term letting platforms,” says Blake.

“When I knock on doors across London, I find homes that are being let out on a short-term basis. These platforms are under-regulated, and this is another missed opportunity with this bill.”

She adds that it doesn’t include details of any extra money or set out what enforcement powers or institutions will be in place to back it up.

Local councils

“As is so often the case with this government, this bill passes the buck to local councils but doesn’t give them the funding or tools to make it a reality.”

Blake says the government has also ‘shamelessly stolen’ the name ‘Decent Homes’ which it used to drive up standards in social housing but, unlike Labour’s costed proposals, is just spin with no financial backing.

“Of course, one of the biggest issues people are facing with rocketing inflation and a cost-of-living crisis is spiralling rents, which this bill will do nothing to address.”

Tower Hamlets is one of six London boroughs which, working with London Renters Union, has promised greater landlord regulation, expanded landlord licensing and hiring more enforcement officers.

They have also all vowed to campaign for rent controls, reduce attempts to move people out of the borough and to reduce their use of ‘intentional homelessness’ decisions. 

©1999 – Present | Parkmatic Publications Ltd. All rights reserved | LandlordZONE® – All selective licensing should be borough-wide, says leading Labour figure | LandlordZONE.

View Full Article: All selective licensing should be borough-wide, says leading Labour figure

SELFIE CULTURE: 40% of tenants want an ‘Instagram’ rental home, claims BTL firm

admin    Uncategorized     agents

Landlords should give their rental properties ‘Insta’ appeal if they want to find the right sort of tenants, advises an interior design firm.

Hatch Interiors, which specialises in fitting out build-to-rent (BTR) developments, points to its research that found 40% of private tenants want to live in a build-to-rent development, often prompted by the Insta-grammable appeal of their smarter interiors.

Jodie Wardell (pictured), head of BTR, reckons landlords should up their game in order to attract these discerning renters.

“Build-to-rent has raised the bar and landlords need to keep up if they want to compete,” she says. “Modern renters want more than mismatched furniture and a landlord who takes weeks to get things fixed. They want, and expect, beautiful homes and great service.”  

Something better?

Its survey of 1,000 renters revealed that 82% currently rent from a private landlord, but 40% of those want to move into a build-to-rent development. Wardell adds: “It seems that these renters may be looking to jump ship if something better comes along.”

It also revealed that of those who are keen to move into build-to-rent, 32% want it to be ‘move-in ready’ and 37% want somewhere that is professionally designed, with these numbers increasing to 41% and 39% respectively for renters living in cities.

Those who fancy making the jump are looking for a sense of community, with 42% after a gym or yoga studio, 31% wanting a communal working space, 31% looking for space to socialise, and 33% saying that having facilities to spend time with neighbours appeals.

Some are even more demanding, as 50% want kitchenware included and 54% expect cleaning equipment.

©1999 – Present | Parkmatic Publications Ltd. All rights reserved | LandlordZONE® – SELFIE CULTURE: 40% of tenants want an ‘Instagram’ rental home, claims BTL firm | LandlordZONE.

View Full Article: SELFIE CULTURE: 40% of tenants want an ‘Instagram’ rental home, claims BTL firm

Student Lodgers or HMO?

admin    Uncategorized     agents

Hi everyone. I am lending my daughter the money to purchase a 3-bed house while she’s away studying at university.

She will/intends to rent 2 of the rooms and 1 rented in a self-contained annexe.

The question is does this make it a lodgers agreement or an HMO that requires licencing?

View Full Article: Student Lodgers or HMO?

Section 21 valid date confusion?

admin    Uncategorized     agents

Can someone please help me to clarify a valid date to end a tenancy in section 21?

I have a standard AST tenancy which was created in 2013 for initial 12 months and then becomes a periodic tenancy.

View Full Article: Section 21 valid date confusion?