LandlordZONE Update - Mortgage lenders relaxing their criteria

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Mortgage lenders relaxing their criteria

  Mortgage lenders relaxing their criteria

Mortgage Lending:

As demand for buy-to-let mortgages has fallen in recent months, due mainly to a penalising tax regime for landlords, but also to a more stringent mortgage approvals regime, competition among mortgage lenders is hotting-up.

Lenders are looking at ways to ease the path for those landlords willing to invest, either with a new…

Rogue Landlords renting out Overcrowded and Dangerous Homes targeted

  Rogue Landlords renting out Overcrowded and Dangerous Homes targeted

New Legislation:

The Ministry of Housing, Community and Local Government (MHCLG) is currently putting new regulations before parliament (see link below) with the objective of keeping the pressure on rogue landlords. In a bold move to crack down on overcrowding and dangerous living conditions experienced by a minority of tenants in HMO’s, MHCLG want to…

£20,000 fine for Lancashire landlord

  £20,000 fine for Lancashire landlord

Rental Standards:

Preston Magistrates Court heard that property firm Leyland Estates Ltd, whose sole director is listed as Asif Abbas of Queens Road, Blackburn, had ignored numerous calls by South Ribble Borough Council to deal with serious issues in two of its properties in Stanifield Lane and Hough Lane, Blackburn.

Housing Enforcement Officers from the…

Manchester Mayor Andy Burnham to address North West Property Conference

  Manchester Mayor Andy Burnham to address North West Property Conference

RLA Conference:

Ex Minister and now Manchester Mayor, Andy Burnham, is to address the Residential Landlords Association’s (RLA) “Future Renting North” conference in Manchester on the 24th of April at the Concorde Conference Centre, The Runway Visitor Park, Sunbank Lane, Altrincham, WA15 8XQ.

Mr Burnham, who in his mayoral manifesto vowed to tackle the housing…

Welsh Housing Minister Welcomes NLA Report into PRS

  Welsh Housing Minister Welcomes NLA Report into PRS

Renting in Wales:

​The Renting Homes (Wales) Act 2016, when fully implemented, will mean substantial changes for Welsh landlords. This will include using a “standard Contract” made up of fundamental, supplementary and additional terms, including provisions on retaliatory eviction, abandonment, and most notably new requirements on “fit for human habitation”.

This major overhaul will require…

How do you work out your deposit claim amount?

  How do you work out your deposit claim amount?

Dilapidations:

It’s the end of a tenancy and the property has been damaged, so how do you arrive at a compensation figure that will be accepted by the tenant and deposit protection agency?

Do you know the industry formula used by letting agents & professional property managers to work out compensation?

There are influencing factors…

3 Thriving Buy To Let Property Hotspots in Birmingham

  3 Thriving Buy To Let Property Hotspots in Birmingham

Value Investments:

Named most improved UK city to live and work and ranked higher than London in a list of most popular cities in Europe to invest in 2017, Birmingham is flourishing. With a string of high profile development and infrastructure projects underway or in the pipeline, notably HS2 and the major Paradise development, investors…

Landlord Law Conference 2018 - the easy way to get up to date with the law

  Landlord Law Conference 2018 - the easy way to get up to date with the law

Landlord Law:

As you will know if you have been reading the LandlordZONE® news postings - there are going to be quite a few legal changes this year.  And that following on from several years when we have had a succession of new rules and procedures - and new penalties!

It's not surprising that landlords…

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