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Landlord news
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20/04/10 |
| Banks must be more flexible in supporting buy to let landlords says ARLA |
There is not enough rental property to meet consumer demand in the UK and the situation is worsening, according to Q1 research from the Association of Residential Lettings Agents (ARLA).
Insufficient supply of good quality property means that the private... MORE |
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20/04/10 |
| Buy to let landlords see ‘beginnings of the seasonal spring surge’ |
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Landlords are enjoying changes in the buy to let market, with rising rents, rising house prices and falling arrears, according to the latest Buy to Let Index from LSL Property Services plc.
The index states that the average rent in the UK rose 0.1percent in March to £659 per... MORE |
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20/04/10 |
| Conservatives would offer best support to private rented sector states landlord survey |
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With election fever starting to heat up, the majority of residential landlords believe that that a Conservative government would bring them the greatest benefit according to the latest Young Index survey of residential investment sentiment. MORE |
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20/04/10 |
| Number of loans for property investment rises but remortgaging still remains weak |
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Although a recent landlord survey found that the majority believe access to mortgage finance will prevent them from investing in additional property, the number of loans advanced for house purchase increased by 12 percent in February, according to figures released... MORE |
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20/04/10 |
| Shared housing debate causes row between landlord group and minister |
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| The Secretary of State for Communities and Local Government, John Denham, has waded into the shared housing row by accusing David Cameron of “doing favours for the National Landlords Association (NLA) rather than listening to residents’ concerns.” MORE |
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15/04/10 |
| Buy to let landlords turn to Facebook to help fight government's Use Classes Order |
The Residential Landlords Association (RLA) is using the power of the social networking website Facebook to help tackle the government over its new planning laws that affect rented accommodation.
The laws are designed to change the way that rented.... MORE |
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15/04/10 |
| Landlord confidence in rental market remains positive for second month running |
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Although there was no rise in the number of landlords feeling more confident about the buy to let sector this month the outlook generally is still upbeat.
Upad.co.uk’s latest Rental Confidence Index survey found that 61 percent of those surveyed said they felt more... MORE |
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15/04/10 |
| Buy to let property investment crowds out first time buyers claim campaigners |
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A secret briefing to the then Labour leader Tony Blair revealed that a generation of first time buyers were being priced out of the market by buy to let investors, but the government chose to do nothing about it, claims a campaign group.
PricedOut, the campaign for... MORE |
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15/04/10 |
| Landlord caught breaching HMO licence after fire failed to set off alarm |
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A buy to let landlord whose tenants only discovered that the fire alarm in their home wasn’t working when a fire failed to set it off is facing a bill of more than £14,000.
Azmat Anwar of 8 Brudenell Mount, Headingley, Leeds, pleaded guilty to six breaches of her House in Multiple Occupancy (HMO) licence, including... MORE |
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15/04/10 |
| Residential Landlord - In brief |
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Buy to let landlord fails ‘fit and proper person’ test
A landlord who has almost 40 properties in Scotland has had four of his HMO licences revoked after failing an Edinburgh City Council ‘fit and proper’ person test. ... MORE |
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12/04/10 |
| Buy to let holiday home owners could see record lettings this year |
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Property investors with buy to let holiday homes will have seen a surge in bookings due to more people deciding on a ‘staycation’ this year claims a holiday lettings company.
Wight Locations on the Isle of Wight reported a 32 percent rise last year... MORE |
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12/04/10 |
| Many landlord and letting agent agreements are out of date says student law team |
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Students should check the tenancy agreements supplied by landlords and letting agents with a solicitor or their National Union of Students’ (NUS) office advises a report from Student Housing.
It followed a survey that showed many students are signing documents that fail... MORE |
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12/04/10 |
| Buy to let landlords should protect their investments says advisory service |
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The Leasehold Advisory service (LEASE) report a growing number of calls from resident leaseholders who are trying to improve their building or the way it is managed but come unstuck because buy to let owners are not willing to participate in exercising the... MORE |
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12/04/10 |
| Buy to let investors need higher level of protection says property ombudsman |
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Britain’s property ombudsman has recommended that government ensure more effective regulation of letting agents, reports the Residential Landlords Association (RLA).
Ombudsman Christopher Hamer sees this as a way to offer residential landlords... MORE |
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12/04/10 |
| Tenant tried to claim extra benefits by lying about rents he was paying his landlord |
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| A 26-year-old Yeovil man forged details on a rent certificate and lied about the amount he was paying to his landlord in order to claim benefits, a South Somerset District Council investigation has revealed.
At Yeovil Magistrates Court recently, Timothy Seddon... MORE |
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07/04/10 |
| Buy to let landlord petition attracts more than 1,000 signatures in 24 hours |
The Residential Landlords Association (RLA) has praised Conservative leader David Cameron for his opposition to government proposals to use planning legislation as a way of breaking up the areas of shared student housing that surround the UK’s... MORE |
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07/04/10 |
| Forget property investment - we'd rather rent long term, say tenants |
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The UK lettings sector is moving towards a European model that sees tenants rent over the long term as part of a lifestyle choice, according to lettingsearch.co.uk.
A recent poll conducted by the lettings only portal reveals that 41 percent of current tenants cannot raise... MORE |
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07/04/10 |
| Landlords' tenancy deposits moved to new company by letting agents |
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The recent deadline for letting agents to re-subscribe to the Tenancy Deposit Scheme (TDS) brought news that Countrywide Residential Lettings has decided not to rejoin.
Instead the ARLA member which has 200 offices throughout the UK, has decided to give its... MORE |
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07/04/10 |
| Buy to let landlord stripped tenants of their dignity by making them live in squalor |
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| A Fulham landlord, accused of forcing his tenants to live in squalor, has had his bid to overturn an order prohibiting him from renting out the same property dismissed.
At least five people rented space from Rizwan Ahmed at 796 Fulham Road, but a... MORE |
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07/04/10 |
| Landlords and property investors offered support to help deliver quality housing |
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A recent event designed to improve quality in rented accommodation by working with private landlords across the Selby district has been branded a success.
The free event run by Selby District Council in partnership with the National Landlord Association NLA)... MORE |
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01/04/10 |
| Tory leader joins landlords in opposition to Town and Country Planning Order |
Conservative leader David Cameron has raised the issue of shared housing in Parliament by calling for the Town and Country Planning Order, which would limit access to shared housing, to be revoked.
The government plans have previously been widely criticised by landlords, lettings agents due to... MORE |
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01/04/10 |
| Buy to let landlords set up their own lettings company to avoid 'extortionate fees' |
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Two landlords who are fed up with ‘fat-cat letting agents’ have teamed up to provide what they claim is a revolutionary new service.
David Plaister, who is also a former letting agent, and Michael Martin, who is CEO of Quadron Environmental Services Ltd... MORE |
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01/04/10 |
| Landlords charge students higher rents as they demand more claims agent |
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Two landlords and a gas service engineer have been fined a total of £19,000 after a mother and her six-year-old daughter were severely affected by carbon monoxide.
The Health and Safety Executive (HSE) recently brought a case against brothers Robert and David Watts... MORE |
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01/04/10 |
| Buy to let landlords providing better evidence in tenancy deposit dispute cases |
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| While 99.4 percent of private tenants’ rent deposits are returned without problems at the end of the lease period, there has been a marked shift in the outcome of disputes in the remaining cases, with landlords being more successful with claims than a year ago. MORE |
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01/04/10 |
| Residential Landlord - In brief |
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Landlord caught out by building regulations
A landlord has been ordered to pay more than £800 in fines and costs after failing to comply with building regulations.
Balvantbhai Patel of Hayward Avenue, Loughborough, pleaded guilty to five charges... MORE |
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30/03/10 |
| Election fever hots up but buy to let landlords are left out in the cold by Budget |
With an election on the horizon, the recent 2010 Budget was always going to have plenty of political significance, but what did Chancellor Alastair Darling have in it for landlords and property investors? Not a lot according to the National Landlords Association (NLA). MORE |
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30/03/10 |
| Chancellor accussed of missing his chance to freshen up property investment market |
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The Residential Landlords Association (RLA) has accused Chancellor Alistair Darling of missing an opportunity to create jobs and add prosperity in the housing market through fiscal stimulus in his Budget.... MORE |
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30/03/10 |
| Tenants poisoned after landlords failed to service boiler |
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Two landlords and a gas service engineer have been fined a total of £19,000 after a mother and her six-year-old daughter were severely affected by carbon monoxide.
The Health and Safety Executive (HSE) recently brought a case against brothers Robert and David Watts... MORE |
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30/03/10 |
| Buy to let landlords need more government help to encourage property investments |
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| The UK is in dire need of good quality rental accommodation, according to a survey at this year’s Association of Residential Letting Agents (ARLA) annual conference.
The organisation conducted the poll to assess the state of the Private Rented Sector... MORE |
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30/03/10 |
| Increasing amount of red tape causes landlords to turn to management companies |
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| There has been a huge increase in demand for landlords and property investors who want to have their rental accommodation managed, claims one of the UK’s letting agencies.
Townends Estate Agents, part of the Badger Holdings Group, says an ever... MORE |
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26/03/10 |
| Election and budget must not hold back buy to let property investment says ARLA |
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The election must not be an excuse to hold back the growth of the Private Rented Sector (PRS), according to the Association of Residential Letting Agents (ARLA). The organisation has stressed that the PRS is a key element of the Government’s future housing... MORE |
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26/03/10 |
| Essex property investment ready for take off as airport prepares to expand |
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Property investors with holiday homes or rental accommodation in Essex were given an Olympic boost recently following news that plans have been approved to extend the runway at Southend Airport.
The proposed improvements at the airport will also assist in the regeneration of the area which in turn will... MORE |
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26/03/10 |
| Landlord register to be introduced in Northern Ireland for first time |
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Plans to significantly raise standards within the private rented sector in Northern Ireland have been announced by Social Development Minister Margaret Ritchie.
The new plans include:
A mandatory landlord registration scheme, which will see landlords provide... MORE |
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26/03/10 |
| Buy to let landlords welcome council clamp down on illegal sub letting |
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| Buy to let residential landlords in Oxford who are losing out on potential tenants due to people illegally sub letting their social housing are being given a hand by the City Council.
The authority has created a new role to tackle tenancy fraud after successfully bidding for... MORE |
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24/03/10 |
| TLC for landlords please Darling says NLA |
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Next week’s Budget should be firmly focused on housing and changing the tax system to encourage further investment in private residential accommodation, according to the National Landlords Association (NLA).
Recent Government figures showed that between 2001 and 2008 the number of people renting... MORE |
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24/03/10 |
| Resurgence of buy to let property investment from prospective landlords |
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There has been a resurgence of interest in buy to let in the South, with an increase in enquiries from prospective landlords considering buying properties to rent out for the first time and those wanting to extend their portfolios, says an independent letting specialist. MORE |
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24/03/10 |
| Landlords and letting agents get together to celebrate forum's 15th birthday |
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Around 40 private landlords and letting agents from across Arun in West Sussex gathered to toast the 15th anniversary of their Landlords Forum this month. Glasses were raised and a celebratory cake in the shape of a house was cut by Arun’s Chairman-elect Cllr Dudley Wensley as he officially opened... MORE |
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24/03/10 |
| Buy to let Landlord fined £5,000 after admitting 23 HMO offences |
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| A landlord who rented a London property in which tenants lives were routinely put at risk was told by a judge it was one of the ‘worst cases’ he had seen. Stratford Magistrates’ Court heard how Devinder Jalaf, aged 53, rented out the home for three years... MORE |
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24/03/10 |
| Landlord told to repay £6,000 of rent paid out of taxpayers money |
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| A Salford landlord prosecuted for failing to get a licence for a property he rented has been ordered to pay back more than £6,000 of taxpayers' money.
It is the first action of its kind taken by the city council and comes at the same time that three other landlords have been fined for not having the licences they require. MORE |
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18/03/10 |
| Spring comes early for buy to let landlords as rents begin to rise |
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Rents rose 0.3 percent in February, according to the latest Buy to Let Index from LSL Property Services plc.
The average rent in the UK reached £658 per month, 3.2 percent higher than a year ago, roughly in line with inflation. MORE |
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18/03/10 |
| Retrospective rise in AST threshold could catch landlords with buy to let property investments on the wrong side of the law |
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The Assured Shorthold Tenancy (AST) threshold will rise to £100,000 on 1 October 2010 and this rise will apply retrospectively according to information given to the National Landlords Association (NLA) by the government.
The proposal to increase the... MORE |
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18/03/10 |
| Joint landlords both fined for failing to carry out repairs in ‘mouldy’ flats |
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A father and son were made to pay more than £7,500 for allowing tenants to live in a damp house peppered with cracks and mould.
Stratford Magistrates' Court heard were told that the four-storey house had been converted into four separate flats. MORE |
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18/03/10 |
| Landlords asked to rise up against government plans |
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| The Residential Landlords Association (RL) is attempting to mobilise the property industry into action to oppose government plans being introduced at the start of next month that it believes will have a negative affect on the Private Rented Sector. MORE |
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18/03/10 |
| Some buy to let investors still struggling to meet creditors' demands |
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A sharp rise in buy to let investment casualties has seen increasing numbers of people looking for serious debt advice, warns debt solution comparison site IVA.com.
The company, which has just published its latest (March 2010) data, reported a 53 percent leap in distressed buy to let investors struggling to pay their creditors. MORE |
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15/03/10 |
| Philip Schofield would make a perfect celebrity landlord say tenants |
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Landlords are assuming the role of surrogate mothers as new research shows tenants are making their renting decision based on the ability to offer a friendly shoulder to cry on, rather than price.
Surprisingly, it is women who are more interested in traditional landlord skills... MORE |
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15/03/10 |
| Buy to let landlord loses High Court battle to overturn conviction in land registry case |
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A landlord who claimed that his local city council targeted Asian property investors has failed in his attempt to have a conviction brought by the authority overturned in the High Court.
Sabz Ali Khan of Oakfield Road, Newport, had previously been found guilty of failing to... MORE |
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15/03/10 |
| Seminar to help buy to let landlords deal with LHA hailed a success |
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The first in a series of seminars on the Local Housing Allowance system given by tenant eviction specialist Landlord Action has proved a great success with a considerable number of delegates attending the event held at The Holiday Inn, London Kensington Forum last month.
The seminar, held in response to... MORE |
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15/03/10 |
| Company targets property investors with million pound holiday homes in Cornwall |
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| Cornish Gems, is launching a new service dedicated to managing multimillion pound holiday homes owned by buy to let property investors.
The properties will rent in the region of £2,000 - £8000 per week, and many have attractive luxury facilities such as home cinemas, swimming pools, saunas, gyms and... MORE |
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15/03/10 |
| City landlords taken to court for failing to have the right licences |
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| A Salford landlord prosecuted for failing to get a licence for a property he rented has been ordered to pay back more than £6,000 of taxpayers' money.
It is the first action of its kind taken by the city council and comes at the same time that three other landlords have been... MORE |
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11/03/10 |
| Buy to let landlords welcome regulation as long as it is proportionate |
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The majority of landlords support stronger regulation of buy to let mortgages and advice, according to a survey conducted by LSL Property Services plc.
But not all landlords are the same, so the Treasury and FSA must resist the temptation to impose ‘one size fits all’... MORE |
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11/03/10 |
| Government must support property investment in private rented sector |
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The British Property Federation (BPF) is holding up the recent findings of English Housing Survey as another reason that the UK should have a more professional rental market similar to Europe and America where large rental blocks exist, much like retail parks or... MORE |
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11/03/10 |
| Buy to let remortgaging among landlords and investors continues to decline |
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The proportion of buy to let landlords remortgaging their investment properties continued to decline in the final quarter of 2009, research from Paragon Mortgages has revealed.
Paragon Mortgages’ Financial Adviser Confidence Tracker (FACT) Index, a... MORE |
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11/03/10 |
| Landlord faces £25,000 bill due to his 'cavalier attitude to fire safety' |
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| A landlord and owner of rental accommodation has been fined £15,000 plus £10,000 towards costs, after pleading guilty to seven charges relating to inadequate fire safety standards.
Proceedings were brought following a visit to the property in Shirley Avenue, Southampton, by members of Hampshire Fire and Rescue... MORE |
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11/03/10 |
| Tenant sits 'at home' to highlight new landlord accreditation scheme |
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| A Portsmouth councillor set up home in the city's main square last month to promote the local authority’s new Landlord Accreditation Scheme.
Cllr Steven Wylie, Cabinet Member for Housing on Portsmouth City Council, sat in an armchair in a temporary... MORE |
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05/03/10 |
| Property investment could suffer when voters go to the polls for election |
It could be swings and roundabouts for property investors if there is a good turnout in the coming election as history shows that this tends to cool the housing market according to estate agents Your Move. MORE |
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05/03/10 |
| Buy to let landlords welcome proposals to make homes more energy efficient |
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Private renters and landlords should benefit greatly from the latest Government plans to encourage householders to make their homes warmer and cheaper, according to the National Landlords Association (NLA).
The Pay as You Save scheme proposal announced this week will provide cash in the form of loans to residential... MORE |
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05/03/10 |
| Buy to let landlords who rent out Scottish 'slums' could be targeted by 'hit squads' |
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Special ‘hit squads’ should be set up by the local authorities in Glasgow to break the back of the slum landlord problem in Govanhill.
This is the view of Scottish Housing Minister Alex Neil after an evidence session on the slum housing in the area was held at... MORE |
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05/03/10 |
| Marital aids continue to top list of items left behind for landlords to clear up |
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Sex toys are still the number one item left behind by tenants when they move out of a property, according to a new survey by The Deposit Protection Service (DPS).
In a poll of more than 1,000 landlords across the UK, sex toys were the most frequently left behind item landlords had to dispose of. MORE |
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05/03/10 |
| ARLA unveils bespoke buy to let mortgage comparison website |
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| The Association of residential letting Agents (ARLA) has launched a free online comparison site specifically for landlords and the buy-to-let market.
The ARLA Mortgages service was unveiled at the 2010 ARLA Conference in conjunction with sister products... MORE |
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02/03/10 |
| Associations back RICS claim that national landlord register does not go far enough |
The Association of Residential Letting Agents (ARLA) and National Association of Estate Agents (NAEA) have united in their support of a recent RICS report into Transparency in Professional Fees and how they affect landlords in the Private Rental Sector (PRS). MORE |
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02/03/10 |
| Lack of property developments in capital helps maintain buy to let rental values |
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Buy to let landlords in the London area will enjoy greater yields in 2010 and are well positioned to take advantage of the current market say two property specialists. Residential property investor David Pearl and letting agent Stephen Ludlow, Director of ludlowthompson.com, agree that the fall in house prices have made... MORE |
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02/03/10 |
| February sees property investments slip in the snow but prices should edge up |
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Residential property investors saw the value of their portfolios slip in the winter snow during February with house prices falling by 1.0 percent month-on-month in February according to the latest figures from Nationwide. But the company’s chief economist... MORE |
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02/03/10 |
| Seaside town tops list of best places for buy to let yields |
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| Blackpool is the place to be for buy to let landlords as the seaside destination topped a list of 100 towns that provide the best yields.
A survey carried out by FindaProperty.com for This is Money, concluded that buy to let investors looking for the best returns... MORE |
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02/03/10 |
| CAB sees sharp rise in tenants who need help after getting into debt with landlords |
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| The number of enquiries from tenants seeking advice on what to do after getting into rent arrears with private landlords went up by 25 percent in the last quarter of 2009 says the Citizens Advice Bureaux (CAB).
The charity organisation is now seeing record numbers of... MORE |
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26/02/10 |
| Tenants turn to private buy to let landlords due to decline in homeownership |
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The number of people renting privately from buy to let investors in the current economic climate continues to grow as government figures recently published in the English Housing Survey show that just 67.9 percent of English households now own their home, the lowest percentage since 1991. MORE |
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26/02/10 |
| Rise in number of buy to let holiday home customers |
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Buy to let holiday home rentals will continue to grow in popularity in the coming year, according to HomeAway UK, the holiday rentals specialist.
In its latest Marketplace Report the company found that 89 percent of travellers surveyed plan to stay in a rental in 2010. MORE |
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26/02/10 |
| Public Protection Team looks out for property investments in disrepair |
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A team dedicated to cutting the number of sub-standard homes in Liverpool has successfully prosecuted a landlord who defied enforcement action. He is one of 514 property owners to be served with similar notices in the last year. MORE |
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26/02/10 |
| Property investment confidence begins to recover in Scotland |
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| House purchase activity in Scotland continued to pick up in the final three months of 2009, according to new data released by the Council of Mortgage Lenders today. There were 14,200 loans for house purchase in the fourth quarter (worth £1.6 billion), up... MORE |
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26/02/10 |
| Property specialist goes on tour to help landlords with LHA problems |
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| Paul Shamplina, director and co-founder of Landlord Action, has received so many calls from frustrated landlords regarding issues with Local Housing Allowance tenants that he has decided to hit the road. The company, which specialises in providing... MORE |
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24/02/10 |
| Government must stop tying buy to let landlords up in red tape |
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The buy to let sector is becoming over-regulated says tenant eviction and rent recovery specialists Landlord Assist, one of a growing list of organisations who are concerned by the growing amount of red tape.
The firm’s comments come following potential measures outlined by the Government’s housing minister... MORE |
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24/02/10 |
| Foxtons order has wider implications for letting industry and landlords says OFT |
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The OFT has secured a final High Court order against Foxtons Ltd preventing the agency from using certain terms concerning sales and commissions in its letting agreements with consumer landlords.
More widely, the OFT is also writing to a number of letting agents... MORE |
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24/02/10 |
| Landlord fined for renting unlicensed student digs with inadequate fire safety |
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A buy to let landlord who rented a house to six students that was only suitable for four people has been fined £3,000.
Medway Magistrates recently convicted George Partou of operating an unlicensed House in Multiple Occupation (HMO). MORE |
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24/02/10 |
| No room for landlords in Birmingham who fail to comply with the law says councillor |
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| A private buy to let landlord who was fined after failing to obtain House in Multiple Occupation (HMO) Licences from Birmingham City Council also turned down the opportunity to apply for the right documentation when offered the chance after the court case... MORE |
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24/02/10 |
| Two buy to let investors prosecuted after claiming benefit for non-existant tenants |
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| A Luton landlord has been given a 12 month Conditional Discharge after being convicted of a benefit fraud offence.
Alan Brown, aged 66, of 17 Runley Road, Luton, appeared at Luton Crown Court recently and pleaded guilty of a charge of failing to notify a change... MORE |
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19/02/10 |
| Buy to let lending increases but still way down on previous years |
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New buy to let lending increased for the second consecutive quarter in the last three months of 2009, according to figures released from the Council of Mortgage Lenders (CML).
There were 25,800 new loans advanced in quarter four, up from 23,700 in the third quarter but down from... MORE |
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19/02/10 |
| Landlord allowed HMO to be used in a dangerous and dirty condition |
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A landlord has been convicted and fined a total of £5,700, including costs, for keeping a house in a dangerous and dirty condition for tenants. A £15 victim surcharge was also imposed.
Greenwich Magistrates Court’s decided that Janet Osei, the landlord of the house in... MORE |
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19/02/10 |
| Phantom buy to let landlords fleece prospective tenants |
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The Citizens Advice organisation has issued a warning about an internet scam in which ‘landlords’ get prospective tenants to make a ‘secure’ money transfer to start renting a property which then turns out not to exist. The national charity is urging people to take extra care when searching for rooms or property... MORE |
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19/02/10 |
| University funding cuts will affect students looking for buy to let rental accommodation |
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| Buy to let landlords could lose out through the cut in University funding as it could alter the type of accommodation demanded by students as tuition fees and the number of international students increases to alleviate funding shortfalls, new research from... MORE |
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19/02/10 |
| Buy to let regulatory proposals for property investment 'are barking up the wrong tree' |
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| The Council of Mortgage Lenders (CML) has come out against a proposal to extend ‘conduct of business’ regulation to buy to let lending which was suggested following a Treasury consultation which would... MORE |
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15/02/10 |
| Steady rental income and capital growth is the way forward for buy to let landlords |
Yields on residential property fell to 4.75 percent in January as rents slipped while property prices powered ahead. This is the lowest level since August 2008, according to the latest Buy to Let Index from LSL Property Services, which operates a network of UK... MORE |
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15/02/10 |
| Landlord fined £15,000 for unsafe conditions at HMO |
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A landlord who attempted to claim that it was exempt from HMO licensing regulations has been fined £15,000 after Lewisham Council prosecuted him for leaving his rented property in unsafe and dangerous conditions. Paul Banks who owns a four-storey house in... MORE |
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15/02/10 |
| Plans for private rental sector are impractical says Landlord specialist |
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Landlord Assist has joined the growing list of property specialists who are critical of the Government’s latest proposals to make the private rental sector more transparent.
The organisation says the plans aimed at providing private tenants with more help and protection, which include setting up a new housing... MORE |
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15/02/10 |
| Landlords' confidence in buy to let market continues to grow |
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| Landlords and property investors are feeling more confident about the buy to let market says the latest Rental Confidence Index compiled by Upad.co.uk.
Its poll found that 57 percent of UK landlords are more upbeat about buy to let market in... MORE |
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15/02/10 |
| Rental demand means more opportunities for buy to let property investment |
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| There has been an increase in demand for rental accommodation at the start of 2010, with demand outstripping supply in parts of Sussex, Hampshire, Surrey, Hertfordshire, Berkshire, Buckinghamshire and Dorset, reports letting specialist Leaders. MORE |
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10/02/10 |
| Increased criminal activity in buy to let properties leaves landlords out of pocket |
Landlords’ properties are being targeted by criminal gangs as a cover for illegal activity, according to the National Landlords Association (NLA).
Privately-rented homes across the UK are being used as a smokescreen to grow cannabis in homemade ‘factories’, and produce the harmful drug... MORE |
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10/02/10 |
| Buy to Let Landlords still facing growing arrears claims eviction specialist |
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Tenant evictions instigated by buy to let property investors ARE on the increase despite recent statistics saying the contrary claims Landlord Assist, the nationwide tenant eviction and rent collection service. According to statistics released earlier this... MORE |
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10/02/10 |
| New buy to let property investment mortgage to help with refurbishments |
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A new buy to let mortgage product aimed at investors looking to purchase or refinance properties in need of refurbishment has been launched by Mortgages for Business.
The Refurbishment Mortgage will, says the company, provide a one-stop-shop deal for this... MORE |
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10/02/10 |
| It’s going to be a lucrative 2010 for buy to let landlords says letting specialist |
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| A lack of available properties to let is making prospective tenants make decisions quicker and the most sought after buy to let properties in the current market are one and two bedroom apartments and three bedroom houses, according to the lettings department at... MORE |
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10/02/10 |
| Property investment specialist and his family attacked in their home |
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| A buy to let property investment specialist, who reportedly became a multi-millionaire before part of his company collapsed last year with massive debts, has been the target of a violent assault and robbery.
A masked gang of six forced there into the Lancashire home of... MORE |
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ADDED
05/02/10 |
| Landlord association accuses government of 'jumping its own gun' over HMOs |
Deplorable and draconian is how the Residential Landlords Association (RLA) is describing new government measures that will have an affect on how and where people can live.
The Association has joined a growing band of organisations which are... MORE |
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ADDED
05/02/10 |
| Buy to let landlords relax payment rules to keep their properties occupied |
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In the current housing market, landlords are doing all they can to keep tenants in their properties - even if it involves more leniency towards late rent payments, claims a new survey by easyroommate.co.uk.
From 2004 until 2008, the number of tenant evictions rose... MORE |
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05/02/10 |
| Landlord put tenants’ lives at risk by ignoring gas defects warning |
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A landlord put his tenants’ lives at risk by allowing carbon monoxide from a kitchen boiler to leak into his rental property even though he had been warned there were defects by a gas installer.
Graham Barnes, aged 49, from Bicester Road in... MORE |
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05/02/10 |
| National Park will attract more customers for buy to let holiday home owners |
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| Buy to let holiday home owners from East Hampshire, and East and West Sussex are set to benefit from an increase in tourism and a significant rise in the value of their properties when the new South Downs National Park is created on 31 March this year. MORE |
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05/02/10 |
| Residential Landlord - In brief |
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Tenancy deposit scheme is working despite row over
price increases says National Landlords Association
Despite the furore surrounding the price increases being imposed by the Tenancy Deposit Scheme, the legislation introduced in April 2007 is working, according to the National Landlords Association (NLA). MORE |
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02/02/10 |
| Buy to let landlords find it difficult to find property investment finance |
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Half of landlords who want to expand their portfolios are being frustrated by the lack of mortgage finance according to a survey conducted by LSL Property Services.
The poll found that 49 percent of landlords surveyed said the current market is attractive for... MORE |
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02/02/10 |
| Government is using a 'sledgehammer to crack a nut' over HMOs claim landlords |
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The National Landlords Association (NLA) has roundly condemned the Government’s recent announcement which will reduce the supply of shared housing.
In a statement, Housing and Planning Minister John Healey MP revealed plans which will require planning... MORE |
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02/02/10 |
| Clarification needed over how courts deal with buy to let repossessions |
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The danger that courts may order outright possession to lenders if landlords fail to pay a buy to let mortgage raises cause for concern says the Residential Landlords Association.
The organisation made its comments after the recent second reading of Bolton MP Dr Brian Iddon’s private member’s bill which is aiming to... MORE |
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02/02/10 |
| New guidance released by FSA on sale and rent back property investment |
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| The Council of Mortgage Lenders (CML) has welcomed the new rules and guidance to provide full protection for consumers in the sale-and-rent-back market which were recently published by the Financial Services Authority (FSA)... MORE |
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02/02/10 |
| Letting agents consider making formal complaint over new TDS fee structure |
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| Another lettings specialist has criticised the new Tenancy Deposit Scheme (TDS) fee structure and the way it has been introduced to the people and organisations it will affect.
While the TDS maintains that the new charging system is necessary to... MORE |
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29/01/10 |
| Buy to let investors are crucial part of UK's future housing needs says BPF |
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Private rented landlords will be called on to fill Britain's housing gap, delegates were told at this week’s British Property Federation (BPF) annual housing conference in London.
The latest research from Hometrack found that the gap between social housing and home ownership has increased significantly... MORE |
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29/01/10 |
| More powers over HMO landlords to be introduced |
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New powers to control the spread of high concentrations of shared rented homes and to tackle pockets of unsafe and substandard accommodation run by bad landlords are to be introduced.
The announcement was made this week by Housing and Planning Minister John Healey who confirmed that... MORE |
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29/01/10 |
| Absent buy to let landlord ignored improvement notices |
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A buy to let landlord has been fined £2,000 for failing to carry out an improvement notice served on a house of multiple occupation (HMO) in Wales.
Carmarthenshire County Council brought a prosecution against Balasubramanian Pulendrathasan and he was... MORE |
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29/01/10 |
| Record fine for landlord whose property posed threat to mother and her children |
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| A record fine of £6,000 has been imposed by St.Helens Magistrates on a buy to let landlord for not dealing with housing hazards at his rented property.
Paul O’Shaughnessy, of Grange Road, Haydock, rented a house in the same town to a young... MORE |
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29/01/10 |
| Residential Landlord news - In brief |
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Magistrates 'horrified' by
landlord's
bodged work on flats
A man who converted part of his shop into flats and rented them out without adhering to building regulations has been ordered to pay out more than £1,500... MORE |
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ADDED
27/01/10 |
| New TDS pricing structure confuses letting agents and buy to let landlords |
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The National Approved Letting Scheme (NALS) is calling for urgent and unequivocal clarification for its firms with regards to the new pricing structure being introduced by TDS (The Dispute Service).
Caroline Pickering, Chair of the organisation, said... MORE |
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27/01/10 |
| RLA declares war on bogus statistics that 'darken the reputation of landlords' |
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One of the UK’s leading professional bodies for private sector landlords has launched an attack on often ‘downright false’ statistics that it says can darken the reputation of landlords.
The Residential Landlords Association (RLA) cites the example of how... MORE |
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27/01/10 |
| Reluctant tenants are being forced to rent rather than buy say landlords |
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The UK housing market is experiencing a trend of ‘reluctant tenants’, following a shift in supply and demand for properties, according to the Association of Residential Letting Agents (ARLA).
ARLA’s research, conducted across UK letting agents and landlords... MORE |
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27/01/10 |
| Study student property investment and reap buy to let rewards |
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| Where can buy to let landlords find high yields, strong nationwide rental demand and a sound cash-generative investment. The answer is by investing in student accommodation says property specialist Assetz.
Student accommodation has always been one of the... MORE |
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27/01/10 |
| Landlord converted house into flats and rented them out without permission |
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A landlord who illegally converted a Haringey house into four flats and rented them out has been fined £3,000.
Costas Charalambous, of Maida Vale, London, W9, was also ordered to pay £1,780 in costs by Haringey magistrates... MORE |
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ADDED
22/01/10 |
| Buy to let landlords risk financial ruin or prosecution warns London Fire Brigade |
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Buy to let landlords who own houses of multiple occupation (HMO) should beware as the London Fire Brigade believes many of them still don’t have enough understanding of how changes in the law made three years ago affects their premises. MORE |
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22/01/10 |
| Tenants deny murdering landlord whose dismembered body was found dumped |
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The gruesome details of how a landlord was stabbed to death, hacked to pieces and then had his body parts scattered across two counties have been described to a jury in the murder trial involving two of his tenants... MORE |
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22/01/10 |
| BPF conference raises property investment questions for buy to let landlords |
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The question over whether buy to let mortgages should be regulated will be among the topics being discussed at The British Property Federation Residential Conference being held on Wednesday, 27 January, at Allen and Overy, 1 Bishops Square, London. MORE |
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| ADDED
22/01/10 |
| Landlord asked to help find 'tenants' after flat fire uncovers cannabis factory |
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| Police have asked a landlord who owns flats in Dorset to assist with information on the tenants after a recent fire uncovered what has been described as a ‘large scale cannabis factory.
What appears unusual about the operation is that it involved a number of flats in... MORE |
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22/01/10 |
| No price rises in 2010 Mydeposits assures buy to let landlords |
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| Mydeposits.co.uk, the pay-as-you-go insurance-based tenancy deposit protection scheme, has told buy to let landlords in the private rented sector that it has no plans to increase prices during 2010 despite an announcement by The Dispute Service (TDS) that its costs are going up by 23 percent... MORE |
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ADDED
19/01/10 |
| Interesting year ahead for buy to let market says property investment company |
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Landlords enjoyed a 7.6 percent annual return on their investments by the end of December 2009 according to the latest Buy to Let Index from LSL Property Services.
The value of their properties rose 3 percent in the year while rental income after void periods added a further 4.6 percent. MORE |
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19/01/10 |
| Student union wants more protection from dodgy buy to let landlord practices |
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Leeds University's student union has welcomed a decision fine a rogue landlord who showed a disregard for housing regulations but still believe tougher legislation is needed to safeguard tenants.
The union’s comments follow a court case involving... MORE |
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19/01/10 |
| Sharp rise in cases of overcrowding and sub letting in buy to let accommodation |
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A tenant eviction specialist has seen a 15 percent increase in the number of overcrowding cases it has had to deal with during the last year and believes it is a direct result of the recession.
Landlord Action also says that London has more cases than anywhere else in... MORE |
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19/01/10 |
| Property investment in student accommodation set to pay dividends |
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An unprecedented demand for student accommodation has resulted in the Liverpool Beacon Hill privately owned Hall of Residence being sold out within two days.
The 45-unit building generates net yields of 10... MORE |
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19/01/10 |
| Landlord told he could face jail if fines are not paid |
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| A London landlord has been warned he could be given a jail sentence if he fails to pay a £13,000 fine imposed for not having the necessary licences for his bedsits.
It follows an unsuccessful appeal by Chuba Obi of Avenue Road, Enfield to overturn the outcome of an earlier hearing in July last year which found him... MORE |
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