Page 502 – Property118

Rental industry giant, Hamilton Fraser, to launch deposit alternative product

28th November 2019

UK lettings and landlord insurance industry giant, Hamilton Fraser, has announced the launch of its own in-house deposit alternative brand, Ome. Having previously highlighted the problems surrounding the increasing trend for such schemes, Hamilton Fraser has decided to tackle these issues head-on itself, providing a transparent product aimed at delivering complete market choice for UK […]

Founder of Landlord Action, Paul Shamplina, wins Best Seminar Speaker

28th November 2019

Founder of Landlord Action and Brand Ambassador for Hamilton Fraser, Paul Shamplina, has won ‘Best Seminar Speaker’ at The National Landlord Investment Show Awards, after receiving nearly 40% of the overall votes. The National LIS Awards took place on 21st November 2019 at the Grosvenor House Hotel, Park Lane. The evening brought together more than […]

The cost of an ASBO hotspot

28th November 2019

Research by Springbok Properties, has looked at the property cost of living in one of the nation’s most anti-social areas based on the average house price in locations with the largest number of ASBOs issued compared to the wider area. Springbok Properties looked at the average yearly number of ASBOs issued across criminal justice areas […]

Housing market performance – Labour v Conservative

28th November 2019

House Price Growth Higher under Labour: From 1974-2019, house price growth (taking inflation into account) from all four Labour prime ministers’ terms in office, added together (119%), significantly outstripped that of Conservative prime ministers (5%). Only one region of the UK/Northern Ireland saw higher house price growth under Conservative governments. This challenges two commonly held […]

SNP Manifesto – PRS Lite

28th November 2019

The SNP have released their 2019 general election manifesto. This has been very briefly summarised with the key points of interest for Landlords and the PRS industry. Download the full manifesto here After wading through 50 pages the below was all that could be found on first read that affected the housing market. Again I […]

Leasehold risk for over 55s

28th November 2019

More than half of older homeowners who own one of the 2.3 million leasehold properties in England and Wales would consider buying the freehold or extending the lease suggests new research* from independent equity release adviser Key. Homes owned on a leasehold basis account for around one in four sales a year and once a […]

Nationwide, Crisis, and Generation Rent support scrapping Section 21

27th November 2019

The Nationwide Building Society has reported on an event held by players in the rental and housing sector, with the main outcome being that organisations must work more closely together in order to effect meaningful change. The industry roundtable was attended by representatives from across the private rented sector including Nationwide Building Society, Fair Housing […]

Cut through the noise to landlord issues

27th November 2019

On 12th December the British people will once again vote for who should lead our country and break the Brexit deadlock, which has dominated the headlines for the best part of three years. However, as one of the most unpredictable elections in recent history, it is important for us to cut through the Brexit noise […]

Tenant asking not to extend S21?

27th November 2019

I have served a Section 21, giving the statutory two months notice, on my tenant who has been on a periodic tenancy for 7 or more years. She is now asking me to write a letter/email which she can pass on to the council, saying that “I cannot extend the tenancy beyond the date I […]

Professional landlords increasingly comprise the core investors in the PRS

27th November 2019

Paragon revealed a sharp increase in specialist landlord business, up from 79% to 89% of buy-to-let mortgage completions as it reported full year results today. Specialist business also increased from 88% to 91% of the buy-to-let pipeline, as Paragon’s strategy of focusing on landlords operating in corporate structures and with larger portfolios delivered positive results. […]

My campaign against Labour’s housing policies

26th November 2019

I have set up a Facebook campaign defending property rights and attacking Corbyn’s housing policy. I am worried that: – Colossal borrowing will push up interest rates, making mortgages unaffordable for ordinary people – Rent caps will destroy the private rented market – Increases in inheritance tax will mean many people can no longer pass […]

FCA to ban promotion of mini-bonds to retail consumers

26th November 2019

The Financial Conduct Authority (FCA) has today announced it will ban the mass marketing of speculative mini-bonds to retail customers. This affects property developers who will no longer be able to directly raise finance by issuing/promoting mini-bonds to Retail Consumers (the general public). These bonds offered a way of investing into a property company rather […]

Brexit Party Contract

25th November 2019

In the interests of impartiality we have included the Brexit Party Contract in our series of manifestos for the major parties. Click here to download the Contract. Details of policies that directly affect the Private Rental Sector are a bit thin on the ground, but this is probably a good thing these days. Taxation: Exempt […]

£100,000 for a bad property MOT!

25th November 2019

Jeremy Corbyn and John Healey, Labour’s Shadow Housing Secretary set out plans to put power in the hands of tenants with a new charter of renters’ rights. Labour will announce a new national ‘property MOT’. This would introduce a legal requirement for landlords to complete an independent annual inspection to ensure homes are up to […]

Conservative Manifesto – Ban S21 and strengthen rights of possession

25th November 2019

The Conservative Party have released their 2019 general election manifesto. This has been very briefly summarised with the key points of interest for Landlords and the PRS industry. Download the full manifesto here For the Private Rental Sector: The Conservatives say they will bring a ‘Better Deal for Renters’ by abolishing ‘no fault’ evictions – […]

Labour would devastate the rented housing market

25th November 2019

Plans by the Labour Party would threaten to close down the private rented sector according to the RLA. The development of annual ‘Property MOT’s’, a Charter of Renters’ rights, open ended tenancies and rent controls all combined would drive thousands of landlords out of the sector. This would lead to a massive shortage of properties […]

Let for 2 to 3 days a time – HMO licence required?

25th November 2019

We have an 8 bedroom (7 en-suite) property that we let via booking.com to guests. Most guests only stay for 2-3 days and no more than a week. We have been told that the property does not qualify as an HMO as it only offers temporary occupancy to guest. We do not have a reception […]

FREE CASH FOR CHRISTMAS

22nd November 2019

Lettingsupermarket.com have been running Reloc8 Uk’s fantastic incentive scheme for 12 months this month, and to celebrate the massive success we have added even more benefits for landlords with eligible properties. This scheme is ideal with winter and Christmas coming up, as we still have a HUGE demand for properties all over the UK. SO, […]

Labour Manifesto – Attack on the PRS

21st November 2019

The Labour Party have released their 2019 general election manifesto. This has been very briefly summarised with the key points of interest for Landlords and the PRS industry. Download the full manifesto here Pretty much all previous threats to the PRS have been included along with additional regulation and taxation policies. Private Rental Sector Labour […]

Croydon Selective Licensing consultation and forum notes

21st November 2019

I attended the Croydon Landlord Licencing Forum on 21 October 2019 and below are my notes in case anyone is interested. Despite the fact that the SL consultation has started, we have two licences in the borough and I registered to be consulted, I have received no information from the council at all. Nick Gracie-Langrick, […]

RLA approve of Tory Life Time Deposits plan

21st November 2019

The RLA has welcomed Conservative plans to introduce lifetime deposits for tenants. David Smith, Policy Director for the Residential Landlords Association (RLA), said: “We have long argued that deposits should be transferable. It will make renting cheaper and easier for tenants. It is vital though that the detail of the plans ensure that both landlords […]