Pitfalls of the Hard-to-Let

There is always the odd, undesirable hard to let property that becomes the bane of a landlord.  The one that was bought when an area seemed reasonable, but has since gone to the dogs.  Selling the property becomes out of the question as any sane buyer wouldn’t touch it with a proverbial bargepole. The temptation […]

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CGT Update

As we await expectantly for the dreaded ‘B’ day on the 22nd this month, those of us in the private residential sector can only speculate on the controversial hike in capital gains tax. George Osborne is aware he could face rebellion from Conservative MPs, should he raise CGT more than 25 per cent.  The LibDems […]

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Tenants from Hell – The importance of T.R

‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾ While much is said about a possible landlord register being introduced in England to crack down on rogue landlords, it’s a pity that one can’t be set up to protect landlords from rogue and violent tenants. Last month, it was revealed that one woman made a career of renting houses from unsuspecting landlords.  Once […]

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Scotland's Land Register Accused

Scotland’s Government has been urged to review its landlord registration scheme.  Since the register has been introduced in January 2007, not one landlord has been prosecuted for failure to register with the scheme. Alex Neil, Housing Minister in Scotland stated that in excess of 1,200 notices have been issued by the end of March this […]

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LHA Payment Policy Review?

Residential rental arrears have had a massive negative impact on private landlords in the UK.  The introduction of the policy by the then Labour government in April 2008 for LHA payments to go direct to the tenant, rather than the landlord has had a detrimental effect on the private residential sector. Pre-election, the Conservative Party […]

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Farrell-Ambrose L4Ls Winning Franchise

L4L’s Winning Franchise With rents fast approaching their 2007 peak, and private residential property in much demand, landlords are now looking to increase their portfolios.  The PRS is becoming a growth industry, through lack of consumer mortgages and social sector housing.  The industry sectors supporting and supplying services to letting agents and landlords are rapidly […]

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Banking News

It’s been an uneasy period in the UK for Landlords and Letting & Estate Agents this year, while we await news on the PRS industry following the elections last month.  As the HIP packs have been abolished, the UK has seen a raised increase of houses coming onto the market as owners initiate sales.  The […]

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Cameron Considering CGT Rise

Arguments regarding the controversial hike in Capital Gains Tax were being taken ‘carefully into consideration’, said Prime Minister David Cameron yesterday.  Indicating a tapered increase, Cameron promised to listen and consider the advice of his fellow Tory backbenchers. The CGT hike, which was promised in the coalition agreement to raise it in line with income […]

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Mortgage Approvals Fall – Demand Rises

‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾ Despite the unstability of the UK property market, PRS is fast becoming a growth industry.  Rents are still rising, regardless of uncertain economic conditions.  Annual yields appear to have increased within the private residential sector to nearly 5 per cent from last year.  Rents are now approaching their 2007 peak, with a rise in […]

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May 24 Update on BTL Lending

As mentioned in the last update, Kensington are now back in the Buy-to-Let market, having re-entered the residential market last month. At the moment, their product range is limited but their 2-year Fixed is at 5.69% with the usual 125% rental calculation. However, they don’t credit score any applications, they will allow income verification by Qualified […]

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