Scotland is home to the highest rental yields

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Lettings management platform, Howsy, has revealed the most appealing markets for UK landlords based on the annual rental return available as a percentage of the property investment cost.

Across the UK the current annual rent of £11,436 accounts for 4.9% of the average UK house price (£234,370).

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Landlord fined over £150,000 for letting with safety hazards…

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Rogue landlord:

A Dudley, Birmingham
landlord have been fined a total of £151,070 by Wolverhampton
Magistrates Court for three breaches of an Emergency Prohibition
Order, served on him in relation to a house of multiple occupation
(HMO).

Landlord Latif
Rehman of Lordswood Road, Birmingham, who has a chequered history
when it comes to letting property, failed to respond to several
notices requiring him to attend to safety defects in his HMO
property.

Council officials
had originally inspected the three-storey, four-bedroom property in
Cole Street, Netherton, after one of Mr Rehman’s tenants complained
to the Council last February.

The official visit
revealed numerous hazards relating to the general security of the
building from intruders, and fire and electrical safety risks. The
officers deemed that these defects posed an imminent risk to the
safety of the building’s occupants.

Notice was served
following the visits, but a re-inspection in April found that
whatever works had been carried out were insufficient to rectify the
safety risks. Fire doors in the property still failed to comply with
regulations, access to the property was not secure and damp was still
present in parts of the property.

Dudley Council’s
private sector housing team pursued the case to court with support
from the Council’s legal services team.

On November 7 Mr
Rehman was fined £50,000 for each offence and ordered to pay £1,000
in costs and £170 victim surcharge.

Alan Lunt, deputy
chief executive at Dudley Council, told Hereford Times:

“Landlords are
not above the law. They must comply with standards to fulfil their
legal responsibility to protect the safety of their tenants.

“This case
demonstrates that we take these cases very seriously and will take
action against anyone failing to fulfil their obligation.”

Dudley Council are
now now considering applying for a rent repayment order and a banning
order against Rehman, who two years ago was ordered to pay in excess
of £340,000 after illegally converting houses into bedsits.

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Christmas is not the time to find New Build bargains

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The latest research by new homes specialist, Stone Real Estate, has revealed that the level of new build properties being sold accelerates as we head into December, while sales across the regular market drop a gear in the run-up to Christmas.

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Call of the Week-dealing with condensation

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The festive season is upon us and the past week the weather has felt particularly cold. With this in mind, it is important to think about how this might impact your rental property. We spoke with one of our members about some issues they were facing that could well be as a result of the […]

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2019 Property Investors Awards recognise sector’s most outstanding individuals

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The Property Investors Awards is delighted to announce the winners for 2019. The annual event, celebrating excellence in property investing, included a glittering evening of fine dining and entertainment, with the winners receiving the much coveted awards themselves.

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Future Renting Wales 2019: Photo gallery and highlights

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The RLA’s Future Renting Wales conference took place in Cardiff last week. More than 150 delegates heard an update on the Renting Homes (Wales) Act, the fees ban and what’s in store for private landlords in Wales. Speakers on the day included Emma Williams, deputy director of housing policy at the Welsh Government, Kate Faulkner, […]

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Join Shelter’s Facebook page and be polite?

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I would suggest it is a good idea to join Shelter’s Facebook page. It gives us the chance to comment and question them. Please be polite and ask simple questions like how many homes do they provide?

How much cash reserves do they hold?

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AML rules to include landlords and tenants involved in rental transactions over €10,000

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Although the upcoming general election has grabbed all the headlines, letting agencies should not forget the important changes to Anti-Money Laundering (AML) rules that come into force on January 10th 2020.

PayProp says that while the political future remains unsettled

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Crisis Christmas appeal for £28.87 very different to Shelter

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The Crisis Christmas appeal is for donations of £28.87 to reserve someone a place for their support package this Christmas and introduce them to the education, training and support to help end their homelessness for good through Crisis’ year-round services.

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The Landlords’ Vote could make a difference…

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General Election:

The Residential
Landlords’ Association reports that the votes cast by private
landlords could be crucial in deciding the outcome of the General
Election in over 100 constituencies.

Analysis of sourced
HMRC data carried out by The Times newspaper concluded that in
124 UK constituencies, the number of people declaring income from
property in 2017/18 was the same or greater than the overall
majorities of the successful candidates in the 2017 election.

The
figures obtained show that of these seats, 55 were won by
Conservatives, 35 by Labour, and seven seats won by the Liberal
Democrats in 2017.

The
statistics show that, of those constituencies in which the landlord
vote is the same as or larger than the majorities won in 2017:

• 14 are in
  London
• 12 are in
  the South East
• 11 are in
  the East Midlands
• 11 are in
  the North West
• 10 are in
  Yorkshire and The Humber
• 9 are in the
  South West
• 8 are in the
  East of England
• 6 are in the
  West Midlands
• 3 are in the
  North East

According
to this research, in Scotland 25 seats could see landlords as the
deciding factor in the final results and the same is true for nine
seats in Wales and six in Northern Ireland.

David Smith, RLA
policy director said:

“Private landlords
could be decisive in who ends up in Downing Street following the
election.

“For those unable
to afford a home of their own or unable to access social housing the
rental market is their only hope of having somewhere to live. With
that in mind, we call on all political parties to do more to support
good landlords to provide the homes to rent we need.

“That is why all
parties need to do more to enforce the wide range of powers already
available to root out criminal landlords rather than introduce new
obligations which have no hope of being properly enforced by hard
pressed councils.”

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