Landlord News

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

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

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

Mark Edwards - Residential Property Landlord and Finance Broker

Buy to let, no minimum income

21/06/2014

You may well be forgiven for thinking that the current climate has been quite tough for obtaining finance.  The Financial Conduct Authority’s (FCA) recent implementation of the Mortgage Market Review, which put new restrictions on lending, has now been quickly followed by talk of the Bank of England looking to raise interest rates sooner rather than… 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

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