Landlord News

section 21 accelerated procedure

Landlords are making more use of the Section 21 Accelerated procedure

22/10/2014

Since Landlord Action started in 1999, which incidentally is also the year the Section 21 accelerated procedure was introduced, we have never had so many instructions from landlords and letting agents wishing to proceed to court to obtain possession orders under Section 21. Last year, there were 34,080 claims issued under the section 21 accelerated… Read more

tenancy reform

Scottish tenancy reform concerns

08/10/2014

The National Landlords Association (NLA) has expressed concerns over the Scottish Government’s consultation on tenancy reform. This is the first in-depth look at tenancy legislation for 25 years. The NLA is concerned that if implemented as proposed, there is a significant risk of undermining the private rented sector (PRS), and of exacerbating the housing crisis… Read more

savings

Up to £1million of your savings could be protected by the Bank of England

The Bank of England, under its Prudential Regulation Authority (PRA), has proposed that by July 2015 a maximum of £1million in savings with an individual bank will be protected for a term of six months. This is of particular interest to property investors and developers who may have large sums deposited for short periods of… Read more

BTL Joint Venture Funding For New Purchases Has Arrived

Innovative New BTL Mortgage Product

15/09/2014

85% LTV, low rates and fees AND positive cashflow on new BTL purchases? Yes it’s true, and it’s available NOW! The eagerly awaited collaboration between a market leading BTL mortgage provider and the UK’s only provider of BTL equity finance has now been launched – AT LAST!!! The resultant product allows landlords to purchase properties… Read more

section 21 accelerated procedure

New Deposit Service launched

09/09/2014

As many as 38% of landlords calling the Landlord Action legal helpline for advice on evicting a tenant have failed to place their tenants’ deposits in a government recognised scheme within the prescribed 30 days of receiving it, or have not even heard of the scheme which came into force back in 2007. Landlord Action… Read more

accidental landlord

Accidental Landlord Buy to Let mortgages are now to be regulated

05/09/2014

The Government has changed its mind about regulating Accidental Landlord Buy to Let mortgages in a decision to now comply with the EU mortgage credit directive being brought into law March 2016. The Treasury has stated that accidental landlords who did not make the conscious decision to purchase a property to rent it out were… Read more

efficiency standards

NLA call for extension on deadline for efficiency standards

04/09/2014

The National Landlords Association (NLA) has warned the Government to tread cautiously in introducing minimum energy efficiency standards in the private rented sector (PRS). The NLA has called for an extension to the deadline for rented properties to reach minimum energy efficiency standards after the shambles introducing Green Deal finance into the sector. The warning… Read more

tenants budget

Tenants budgets squeezed as rents rise faster than incomes

21/08/2014

Tenants budgets feel the pinch in their accommodation costs as rents are rising faster than incomes. Affordable accommodation in the private rental sector is becoming ever more scarce, according to new data from flat and house share website SpareRoom.co.uk, which compares the maximum tenants can afford to spend on accommodation to average room rents. UK… Read more

Landlord action to appear on BBC One programme Inside Out

Landlord action to appear on BBC One programme Inside Out

11/08/2014

I carried out some filming with BBC One’s Inside Out programme on Friday. After setting off early and getting stuck on the dreaded M25, I eventually arrived in Orpington to meet my landlord Brian at his property, where an eviction with the county court bailiff was due to take place. Incidentally, two days earlier, the… Read more

Fallowoutside

Manchester Grade II listed Buy to Let investments with 7% net rental

06/08/2014

Fallowfield House is a Grade II Listed Building containing Buy to Let studios and one bed flats offering an assured 7% net rental income for the first year. Considered the original student hub in Manchester, Fallowfield is the perfect location for students, graduates and young professionals alike. This development is ideally located to attract strong… Read more

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