Landlord News

Rightmove

Rightmove profit takes off in soaring market

30/07/2014

Year on year profit before tax rose 31 per cent to £59m with total revenue increasing by 20% to £80m as Rightmove benefit from the rising housing market This is partly due to an increase of over 25% in users to 22 million for the first half of the year, and the average revenue per… Read more

Paul Shamplina Landlord Action

Using a section 21 should not be considered a Revenge Eviction

29/07/2014

I would like to provided clarity over what constitutes a Revenge Eviction, and what is simply a landlord serving notice without giving a reason, after concerns have been raised that the term was being misused in the media, giving good landlords a bad name. The Citizens Advice Bureaux (CAB) recently revealed that twice as many… Read more

Section 21

Section 21 update – Spencer v Taylor

25/07/2014

As reported by Nearly Legal concerning section 21 rules the tenant in Spencer v Taylor has been refused permission to appeal in the Supreme Court, because of the lack of an arguable point of law. Therefore the Court of Appeal decision stands: “Where an assured Shorthold tenancy has had a fixed term and a statutory… Read more

Evicting tenants just to break a contract with a letting agent

Evicting tenants just to break a contract with a letting agent

16/07/2014

I was talking to Tony Sheldon at LettingSupermarket.com this morning about the increasing number of landlords who are being forced into evicting perfect tenants as the only way to get out of a contract they have with their letting agents.  Tony explained that he has conversations with landlords on a daily basis who are so… Read more

Paul Shamplina Landlord Action

The Property Redress Scheme and the Lettings Industry

03/07/2014

The Property Redress Scheme held its first meeting this week and I was delighted to be asked to attend. This scheme has been sanctioned by the Government for all Letting Agents to join later this year, and it will be compulsory for agents to join one of the schemes so that both landlords and tenants… Read more

Croydon

Croydon yet another area to introduce Selective Licensing

27/06/2014

However, the term “selective licensing” is something of a misnomer in this instance, as the proposal is for it to be borough wide. The newly elected council’s objective seems not to be to tackle anti social behavior (and they can hardly claim lack of demand in a London borough with excellent transport links which is… Read more

Bank of England

Financial Stability Report caps future mortgage income multiples

26/06/2014

The Bank of England’s Governor, Mark Carney has today held a press conference to outline new plans to stabilise  the housing market under the Financial Stability Report. The housing market is the biggest single domestic risk to the UK’s economy, and the Bank of England is seeking to encourage long term price stability. Mr Carney… Read more

maisonette

Do I buy a freehold maisonette?

I am a first time buyer looking to buy a property which is a first-floor, FREEHOLD maisonette. The property was first listed by the agent as freehold and they have since removed this part of the listing (suggesting to me that it is in-fact an issue). I have downloaded the Land Registry document which shows… Read more

Scottish Association of Landlords

Scottish Parliament passed Housing Bill

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

The NISA way to invest into buy to let

The NISA way to invest into buy to let

25/06/2014

The 2014 Budget saw a package of measures announced to help savers trying to build a nest egg. One of the most significant changes was the introduction of the new ISA (NISA) which comes into effect on Tuesday 1st July 2014. This will see ISA allowances both increase to £15,000 and become investable in any… Read more

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