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 relating to a property in the town’s Nottingham Road after being prosecuted by Charnwood Borough Council.

These included issues relating to ventilation, power conservation and fire safety as well as failing to tell the council when he carried out work to the property.

He was ordered to pay a total of £500 in fines, £300 towards prosecution costs and a £15 victim surcharge by Loughborough Magistrates at a recent hearing.

David Slater, Cabinet Member for Planning at Charnwood Borough Council, said: “It is important that building regulations are adhered to. They are designed to uphold people’s health, safety and welfare. As this case shows, we will take action if people do not comply with them.”

London lettings company gets
bought out by management
A management buy-out has taken place at the London based company Findlay Property. Directors Simon McDonnell, John Walsh and Jean-Paul Van Cauwelaert now own 100 percent of the company after buying the remaining shares, for an undisclosed figure.

Founded in 2003, Findlay Property specialises in directly supporting landlords through a range of services incorporating lettings, property management, sourcing of buy to let properties and refurbishment services.

Director Simon McDonnell said: “The company aims to expand the property management side of the business. I am very happy that we have completed the purchase and I am genuinely excited at the prospects for the coming year.

“Despite the doom and gloom pervading many quarters, we are very confident that the central London market will weather the storm and our clients will come out the other side smiling.”