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Sheriffs Ofice

Guide to Commercial Rent Arrears Recovery and Forfeiture

03/07/2015

If you are a commercial landlord, property lawyer, or commercial agent, you are likely to come across CRAR and forfeiture on a regular basis. CRAR – Commercial Rent Arrears Recovery – is a remedy for commercial landlords to recover rent arrears from tenants where there is a written lease in place, without the need to… Read more

mobile

Can I let it a Caravan on the driveway?

I mainly let to DSS/Housing Benefit tenants. Many of them are referred by homelessness organisations, so most of these are homeless at the time of referral to me, and unfortunately I am unable to house everyone as I don’t have enough flats or rooms (in HMOs) for them. However, what I do have is plenty… Read more

weekly

Weekly Rent and Service of Section 8

I have a tenant on an AST (6 months) and weekly rent – specified in the AST. He is now four weeks behind with the rent and despite several promises each week that it will be paid I doubt now whether he ever will. I understand that on a weekly rent schedule I only need… Read more

Bank of England

Bank of England concerns over Buy to Let risks to Financial Stability

02/07/2015

The Buy to Let (BTL) market has continued to grow rapidly and now accounts for 15% of all outstanding mortgages and 18% of the total flow of new mortgages as reported in the Bank of England Financial Stability Report (see chart below). This recovery in BTL has been assisted by increased competition from lenders leading… Read more

homeless

Implied Surrender of Tenancy

I occasionally work in conjunction with a Homeless agency and provide accommodation to people from that source, sometimes things do go awry with tenants and one has to accept that possibility, (whether it be ex drug users returning to their habit or whatever), however I have a scenario at present that is a new one… Read more

keystone

New BTL Classic Range from Keystone up to 80% LTV

The New Buy to Let range from Keystone is funded exclusively by the peer to peer lending platform Landbay. The Classic Range is geared towards individuals and limited company applicants looking to purchase or remortgage a wide variety of residential investment property. Range features: Complimentary £100 Welcome Bonus for every new mortgage holder (conditions apply)…. Read more

sofas

Old sofas in furnished property

I have started a furnished tenancy to find 2 old sofas in the lounge. They leave no space for anything else, are end of life and difficult to sit on (especially as it aggravates my back). So I asked if they can be chucked (I’ll bring my own sofa). I was told no, I cannot… Read more

short term rent

Short term rents on the rise

01/07/2015

Letting agents in the UK have seen a rise in the number of inquiries for short term lets, as both tenants and landlords look for greater flexibility, according to new research from the Association of Residential Letting Agents (ARLA). Just over a quarter (26%) of letting agents agreed that they had seen a rise in… Read more

Landlords rejoice as Superstrike problems are no more

Superstike – Deposit Protection rules reminder

Landlords up and down the country will (or should) be celebrating the demise of the ridiculous rules we have all had to put up with following the Court of Appeal decision in the Superstrike case. This is due to the amendments in the Deregulation Act 2015 which received the Royal Assent on 26 March, and… Read more

home office

Evicted Tenant – Still using address for Nationalisation

After a lengthy battle I finally evicted my previous tenant in Aug 2014. Since then the tenants partner is still using the property address for credit and business purposes. He has even applied to the Home Office for Nationalisation using the property address, with his solicitor forwarding correspondence to the property. As soon as the… Read more

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