July 27, 2009 on 4:37 pm | In News | No Comments
Britain is the most heavily taxed property economy in Europe and is set to get worse as a result of the business rates revaluation, according to research from Lambert Smith Hampton. Jennifer Rigby, Property Week – 27 July 2009 The business rate increase due to come in over the summer could be up to 30% [...]
July 27, 2009 on 10:39 am | In News | 1 Comment
The number of property owners in New Zealand struggling to make monthly payments is soaring with one expert predicting almost 10 properties a day will be taken by banks. www.propertywire.com – 26 July 2009 It is those who have invested in multiple properties who are finding it hardest and they are being urged to speak [...]
July 27, 2009 on 10:31 am | In News | No Comments
You are a landlord. You are not a ‘professional landlord’ (i.e. you do not have a large portfolio and landlording is not your main business). You have paid commission to your agent (who may or may not be Foxtons) in the past, even though they were not managing the property. The commission was charged under [...]
July 24, 2009 on 2:36 pm | In News | No Comments
As a result of complaints from various consumers, The OFT launched an attack upon the standard terms and conditions, which Foxtons imposed upon landlords using their letting service. The clause that had excited most concern was the provision which allowed Foxtons to charge landlords commission on renewals of a tenancy to a tenant originally introduced [...]
July 23, 2009 on 3:45 pm | In News | No Comments
A GAZUMPED homeowner who ran a smear campaign to try and ruin a firm of estate agents has escaped jail. www.oldhamadvertiser.co.uk, 22 July 2009 Martin Frostick, of Oldham Road, Failsworth, was so aggrieved at losing out on buying a Saddleworth farmhouse in 1997 that he brooded upon it for 11 years – before deciding to [...]
July 23, 2009 on 3:39 pm | In News | No Comments
The National Institute of Economic and Social Research said the recent stabilisation in the market was underpinned by a lack of homes, which would not be enough to sustain a longer recovery. This is Money – 22 July 2009 It said the number of mortgages available were still 65% lower than before the financial crisis [...]
July 22, 2009 on 2:25 pm | In News | No Comments
Hundreds of thousands of public sector tenants in Scotland are not getting good enough services from their landlord (writes Grant Smith). www.eveningtelegraph.co.uk, 22 July 2009 The Scottish Housing Regulator, which inspects housing associations and local authorities, said today they needed to work harder at getting the basics right. That included providing good-quality homes, carrying out [...]
July 22, 2009 on 12:21 pm | In News, Press Releases | 1 Comment
The Residential Landlords Association is preparing to plug any move to make its members responsible for tenants’ bad debts to regional water companies. The suggestion is one option said to be under consideration by the government’s ‘Walker Review’ of water charging and metering. The suggestion has come from Ofwat as water companies face a flood [...]
July 20, 2009 on 12:10 pm | In News | 1 Comment
Paul Shamplina of Landlord Action comments on a couple facing prison for conning homeowners out of thousands. In response to the recent news story about the couple who conned homeowners out of thousands by squatting in properties that they had no intention of buying, Paul Shamplina, Director of Landlord Action, comments: “We have evicted many [...]
July 19, 2009 on 2:30 pm | In News | No Comments
Cash on deposit is earning next to nothing and the stock market is becalmed, with many companies unable to afford to pay dividends. Richard Dyson, Financial Mail – 18 July 2009 So where do you go if you want a reliable income? Believe it or not, the answer for some people is property. Yes, house [...]
