LandlordZONE > January 2010 Archives

Agents who spend clients’ money leave landlords facing the law

January 13, 2010 on 4:27 pm | In News | No Comments

The developing scandal of misappropriated tenants’ deposits has exposed landlords to millions of pounds of liability. EstateAgentToday.co.uk – 12 Jan 2010 Landlords bear the legal responsibility, even though it is letting agents that have spent, lost or vanished with tenants’ deposits, a London agent has said. Eric Walker, managing director of Bushells, says there are [...]

Fire safety is your business

January 13, 2010 on 10:31 am | In News | No Comments

Three years after changes to fire safety law, London Fire Brigade is warning that many businesses still don’t have enough understanding of how the law affects their business or premises, and could be risking financial ruin or even prosecution. The Regulatory Reform (Fire Safety) Order came into affect in October 2006 and replaced over 70 [...]

Confidence returns to buy to let

January 13, 2010 on 10:22 am | In News | No Comments

Confidence in the buy-to-let market is growing, and higher levels of professionalism are being practiced. www.yourmortgage.co.uk – 12 Jan 2010 According to the latest quarterly survey carried out by buy-to-let mortgage lender CHL Mortgages, 81% of landlords now feel positive about buy to let, with many respondents indicating that the sector has shaken off its [...]

Landlords worried about plastic payment

January 13, 2010 on 10:18 am | In News | No Comments

Tenant defaults could soar over the next year amid reports that up to one million households have borrowed money on a credit card to pay their mortgage or rent over the past year, says leading tenant eviction and rent collection firm Landlord Assist. www.wiltshirebusinessonline.co.uk – 12 Jan 2010 Despite restrictions on credit and reports of [...]

Global Debt Deleveraging of Housing Market Bubbles, Will Reflation Will Fail?

January 12, 2010 on 8:10 pm | In News | No Comments

Best Financial Markets Analysis ArticleInquiring minds are reading an interesting document by the San Francisco Fed called Global Household Leverage, House Prices, and Consumption. Mike_Shedlock, marketoracle.co.uk – 12 Jan 2009 “[O]ver-investment and over-speculation are often important; but they would have far less serious results were they not conducted with borrowed money.” —Irving Fisher (1933) In [...]

Martin & Co Signal Their Intent for 2010 with New Appointment

January 6, 2010 on 9:30 pm | In News, Press Releases | No Comments

2009 was a difficult year for most businesses but not for Martin & Co. The letting agent’s office revenue was up over 40% on 2008 and the company also opened over 25 brand new offices, taking their overall total to over 170 offices across the UK. Far from resting on their laurels the company has [...]

Landmark Systems: proud to diversify as much as its clients

January 6, 2010 on 9:28 pm | In News | No Comments

Celebrating 22 years in business Landmark Systems Limited has grown into a leading supplier of software for any size of property management business and has been there every step of the way as its clients diversified within the sector. Through the software’s brand name “KEY” Landmark began by providing business solutions for the rural sector, [...]

Aspect Maintenance Supports Boiler Scrappage Scheme

January 6, 2010 on 9:26 pm | In News, Press Releases | No Comments

Homeowners who take advantage of the scheme could cut their energy bills by up to a quarter per year. Today sees the launch of the Boiler Scrappage Scheme[1], underlining the Government’s aims to upgrade household heating systems, cut carbon, save money on fuel bills and sustain work for the heating industry. Up to 125,000 households [...]

Reduce property cost to increase profit

January 6, 2010 on 10:37 am | In News | 1 Comment

THIS is a difficult time for small businesses and landlords. Landlords are small businesses and have suffered a fall in value by some 30% of their investment value. Kevan Carrick, The Journal nebusiness.co.uk – 6 Jan 2010 In general, rental income has fallen by about the same amount, with some tenants having to vacate, which [...]

Bankruptcy threat for hundreds as developers sue failed buyers

January 4, 2010 on 12:09 pm | In News | 1 Comment

Cash-strapped buyers and buy-to-let investors who walked away from off-plan deals in trendy apartment blocks face being prosecuted by the developers. Some – including first-time buyers – could now face bankruptcy, following a test case where the developer won £133,282. Some would-be purchasers reneged on deals, preferring to lose their deposits rather than complete purchases [...]