LandlordZONE Update - Choke off buy-to-let call from Tory MP

 

Choke off buy-to-let call from Tory MP

  Choke off buy-to-let call from Tory MP

Landlords targeted:

Neil O’Brien, Conservative MP for Harborough and a former adviser to Theresa May and George Osborne, says: “Choke buy-to-let to help deliver home ownership for young voters” in a recent article for the FT.

The Conservatives are desperately trying to identify policies which would put a stop the party’s dramatic loss of support…

Landlords and Tax:

The revelation that almost 50% of landlords who had registered for the property licensing scheme in Newham - something all landlords there must do if they want to let property in the borough – had not registered for or filed a self-assessment tax return.

Of the 27,000 landlords registered on the scheme…

 
 

Private landlords “help fill social sector gaps” says RLA

  Private landlords “help fill social sector gaps” says RLA

Housing Benefit:

National Housing Federation (NHF) Chief Executive, David Orr, claims that Tory cuts to affordable homes are responsible for the UK housing crisis, but this is refuted by the Residential Landlords Association.

The NHF, which opens its annual conference next Tuesday, says that a massive reduction in Government grants to social landlords has been…

Sub-Letting Licenses: (SOLITAIRE) LIMITED Appellant and CHERRY LILIAN NORTON and other cases [2012]

Landlords of leasehold buy-to-let flats are often asked to pay a fee (sub-letting licence or registration fee) to the freeholder when seeking permission to sub-let their flat, and this fee is usually due each time a new tenancy is signed.

This is…

 
 

Tenancy Deposits

  Tenancy Deposits

Remember the Rules:

Tenancy deposits were introduced in April 2007 under the Housing Act 2004. The legislation was so badly drafted at the time that it has, following several test cases, most notably Superstrike Ltd vs. Marino Rodrigues [2013] and Spencer v Taylor [2014], had to be amended twice - in the Deregulation Act 2015…

The latest Private Rented Sector (PRS) report from the Association of Residential Letting Agents (ARLA Propertymark) shows that landlords are responding to the squeeze on their income by passing on at least some of their increasing costs, by way of rent increases.

Around one-third of member letting agents surveyed in July 2017 saw rents increase…

 
 

Bank of Mum and Dad now paying the rent…

  Bank of Mum and Dad now paying the rent…

Alternative Finance:

Research from Legal & General and the Centre for Economics and Business Research (Cebr) has found that the “Bank of Mum and Dad” will this year support youngsters to the tune of around £6.5 billion, lending to first-time-buyer offspring to get on the property ladder.

What was not so well understood before is…

Eviction:

Section 21, the possession procedure in England, which has been a lifeline for landlords with bad tenants since the introduction of the Housing Act 1988, has undergone changes recently which have the potential to stymie an eviction attempt, if the rules are not followed to the letter.

No landlord wants to evict a good…

 
 

New Guide to Ending Tenancies

  New Guide to Ending Tenancies

New TDS Tenancy Guide:

The Tenancy Deposit Scheme (TDS) has just launched its timely new guide for agents, landlords and tenants on how to set-up and end a tenancy correctly, avoiding the minimum of fuse and deposit disputes.

With record numbers of tenancies ending in September 2017, the TDS expects the third Thursday in September…

Validity of Section 21 Notice: Amak Property Investments v Laura Sonny [2016]

This case was an appeal by the tenant following a county court judgement relating to the validity of a s21 notice on the basis that the landlord had not complied with the deposit protection (MyDeposit) scheme rules.

The wording in the relevant Act…

 
 

Rent increases being forced on landlords…

  Rent increases being forced on landlords…

The latest Private Rented Sector (PRS) report from the Association of Residential Letting Agents (ARLA Propertymark) shows that landlords are responding to the squeeze on their income by passing on at least some of their increasing costs, by way of rent increases.

Around one-third of member letting agents surveyed in July 2017 saw rents increase…

Record Commercial Sales:

London commercial property has hit an £llbn record so far this year, with the City of London seeing it's strongest trading in a decade.

Savills, the property agency and consultancy, has produced data which shows July turnover was £2.1bn across 11 deals, equating to an average lot size of £190.92m. The sale…

 
 

Landlord Law Workshop - Consumer Law & Landlords

  Landlord Law Workshop - Consumer Law & Landlords

Consumer Law:

The consumer law rules apply when a ‘supplier’ provides a product or services to a ‘consumer’.

  • If you are a letting agent then you are a ‘supplier’ to landlords and tenants.
  • If you are a landlord you are a ‘supplier’ to your tenants but will usually be a ‘consumer’ to letting agents.

Property Security:

Technology has taken over nearly every aspect of our everyday lives, including how we choose to secure our homes. Following recent tests carried out by Hilton UK, smartphones could soon replace card keys as the way for guests to access the hotel chain's luxurious rooms. Smart locks are quickly becoming…

 
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