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Property forum with a mission to facilitate the sharing of best practice amongst UK landlords and letting agents.


Green Deal fund reduced – Not good for Landlords

Green Deal fund reduced – Not good for Landlords

23/07/2014

Commenting on the reduction of Green Deal Home Improvement Funds (GDHIF) for solid wall insulation from £6000 to £4000, Richard Lambert, CEO at the National Landlords Association (NLA), said: “Just as the Green Deal looks like it will finally succeed, the Government seems determined to sabotage its own policy. “The NLA made a strong case… Read more

Scottish Association of Landlords

Scottish Parliament passed Housing Bill

26/06/2014

The final Housing Bill debate (stage 3) has concluded in the Scottish Parliament this evening and the Bill was passed approx 19.15 hrs. Our policy team have been monitoring carefully and we are pleased to report good news for our members. Our work was praised during the debate this afternoon by parliamentarians including Housing Minister… Read more

West Bromwich Building Society admit to overcharging mortgage interest on 7,699 customers

West Bromwich Building Society admit to overcharging mortgage interest on 7,699 customers

25/06/2014

The West Bromwich Building Society has admitted to overcharging customers upon redemption of their mortgage account. The long running historic error meant that when a mortgage was redeemed interest was charged up to the end of the month and not to the date the loan was repaid. Of the 7,699 affected customers most took out… Read more

CMA

New consumer protection guidance for the Lettings Industry

13/06/2014

The Competition and Markets Authority (CMA) has today published new guidance for the lettings industry to improve their understanding and compliance with consumer protection law. The follows a report last year by the Office of Fair Trading (OFT) which raised concerns about a number of unsatisfactory practices affecting tenants, including unfair and surprise fees and… Read more

Interbay Term Refurb – New product type to help Property Investors

Interbay Term Refurb – New product type to help Property Investors

12/06/2014

The New Interbay commercial Term Refurb mortgage product allows a refurb period for a borrower to enhance the value and earnings potential of a property with a view to holding. This is a longer term product with a period during which the property will be vacant to allow property owners to undertake a refurbishment project…. Read more

Census data shows privately rented households increased by 50%

Census data shows privately rented households increased by 50%

29/05/2014

The Office for National Statistics have today released figures analysing household data from the 2011 Census compared to 2001. The biggest news for the PRS is that 18% of all occupied household spaces were privately rented, an increase from 12% in 2001. That’s a 50% increase in the ratio in 10 years! This was the… Read more

rental yields

Rental Yields – Chart of the top 50 areas in England and Wales

HSBC has released a report showing the average rental yields for the top Buy to Let hotspots of England and Wales based on data from the Office of National Statistics (ONS) and Land Registry. This information broken down to specific areas is valuable for Landlords looking for future property investments, giving a base line picture… Read more

London Rental Standard

Boris’s new London Rental Standard

28/05/2014

Boris Johnson, the Mayor of London, has launched a new voluntary accreditation scheme for Landlords and Letting agents. It is called the “London Rental Standard” and an accreditation badge will be issued upon successful completion of a one day course. This scheme is designed to improve the quality and standard of rental accommodation for tenants… Read more

Immigration Bill

The Immigration Bill is now Law!

21/05/2014

On the 14th of May last week the Immigration Bill received Royal Assent. The Immigration Act 2014 contains 77 clauses and changes how the UK’s immigration system works. The Act is designed to reduce attractions that draw illegal migrants, make it easier to remove people with no right to reside and encourage UK Courts to… Read more

Newham

Newham has the highest eviction rate in England

Newham came top in a report carried out by Shelter on the number of mortgage and landlord possession claims in each Local Authority area for the last year. The possession claims figures are taken from Ministry of Justice Analysis and based on the total number of landlord and mortgage claims in each area. The figures… Read more

Letting agents

Labour MPs defeated in vote to ban letting agents charging tenants fees

16/05/2014

Labour MP Stella Creasy, tabled a motion to amendment the Consumer Rights Bill banning letting agents from charging fees to tenants. The vote was defeated by 228 for to 281 against with all but 3 coalition MPs voting against. Ms Creasy during the debate said “it is a fundamentally anti-competitive corporate practice. We want to… Read more

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