June's Tenant News & Data

Can anyone remember the last time a cement truck went past?  New builds have reached their lowest number since the 1920’s, public spending cuts, unemployment and banking restrictions are laying waste to the housing sector, while statistics show a 4.5 million waiting list for social housing. The coalition are in danger of putting their heads […]

Read more

House Prices Fall but Tenant Demand Strong

‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾ As one who has never relished delivering bad news, I’m thankful we don’t live in ancient Roman times, as I’m sure that as the bearer of the following property data I would be thrown into an arena to be eaten by lions, (although I do have some fab gladiator sandals for such an occasion). […]

Read more

Buying Commercial Property into a Scheme

‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾ The rise in Capital Gains Tax this year has put a lot of strain on landlords who invested in a buy-to-let by way of securing a pension for retirement.  The now CGT, set at 28% without being indexed will no doubt take a chunk of a landlords retirement fund. A loophole through the purchase […]

Read more

Landlords Targeted by Drug Gangs

Landlords were warned of the dangers of renting properties without due diligence.  At an information evening organized to warn landlords on how to avert being duped into renting properties to illegal drugs organizations,  D.I. Bill Stupples of Merseyside Police Matrix Unit gave advice on the dangers of drug cultivation and manufacture in rental properties. Susceptible […]

Read more

July Housing & Mortgage News

According to the Bank of England, the number of mortgage approvals fell to 48,000 last month,  (June) compared to 51,000 in May.  Although a 15% seasonal rise in the value of mortgage lending increased to £13.1bn, up from £11.4bn in May offers a slight marked improvement from the £12.2bn of June last year, the current […]

Read more

June's Record High for Legal 4 Landlords

‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾ Last month saw Legal 4 Landlords total a record 2648 tenant references.  Since January this year the landlord legal service provider has completed 13,359 tenant references for landlords and letting agents.  June also saw 113 evictions completed on behalf of the lettings industry.  The legal company, which has been trading for only 2 years […]

Read more

Legal 4 Landlords – A Proven Franchise

‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾ Although many industry sectors are feeling the pinch during the recession, it seems entrepreneurs are faring much better through franchises than their ‘start from scratch cousins’. Data captured through the ‘Small Business Service’, recorded that only one third of new business start up in the UK will make it past the 3-year stage.  The […]

Read more

Is Buy-to-Let Still A Good Choice?

‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾ In February this year it was reported that one of the UK’s largest private landlords, with an empire worth a quarter of a billion pounds had begun to run into difficulties and were looking to offload their vast portfolio of properties.  To avoid repossession or receivership, they entered into management arrangements with their lenders. […]

Read more

HMO Classification Changes Spell Trouble

‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾ Grant Shapps, new Housing Minister, may have rode into town declaring his role as new sheriff by making some changes to the outdated policies of the former government, but it appears that his predecessor, Jonathan Healey’s HMO classification reform is to remain in the power of the local authorities themselves. To come into effect […]

Read more

To Cover or not to Cover?

Last month’s report of the Essex landlord, left with a £47,000 repair bill on his property, after damage caused by a tenant, is becoming an all to common story.  Along with the damage caused, the landlord also found himself out of pocket to the tune of £12,200 in rent arrears not to mention the cost […]

Read more