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The UK’s longest running provider of tenancy deposit schemes, TDS, today launches its Code of Recommended Practice for deposit protection, continuing its on-going remit of improving standards in the private rented sector. The code (which builds on existing guidance to members) outlines the standards it expects of its members and covers: protecting deposits and serving […]

UK Finance which incorporates the old Council of Mortage Lenders (CML) has released estimated June gross mortgage lending figures showing £22.1 billion of borrowing up 9% on May figures of £20.3 billion. This is however, only an increase of 3% on the figures in June of last year which were £21.5 billion. Gross mortgage lending […]

The impact of recent changes to the way buy-to-let properties are taxed could create the next pension crisis as individuals are becoming over-reliant on property to fund their retirement years, says the leading landlord body in the UK. 77% of landlords, approximately 1.8 million, say they are reliant on their residential property investment for their […]

The Financial Conduct Authority (FCA) have estimated that 600,000 home owners will have their interest only mortgages come to the end of their term requiring repayment before 2020 and that nearly half will have a shortfall and approximately one third will have to find £50,000 or more to repay this shortfall. Therefore, many customers, especially […]

I own a two bedroom apartment in Leeds city centre. I am in negative equity and I want to get rid of it. Does anyone know of an organisation that will just take it from me and they carry on paying the mortgage. Any advice will be most welcome Thank you Peter

Caridon Landlord Solutions was set up with one purpose in mind; helping landlords secure solutions to any Housing Benefit (LHA) issues which might arise with local councils or DWP in relation to Universal Credit. Most landlords have encountered a problem where they have received a “Housing Benefit notification” stating the benefit claim has ended and […]

A local letting agent in Ilford, Essex has closed down his business and run off – no one appears to know where he has gone. A number of landlords including myself have been left in a position where we have tenants in our properties and don’t know how to evict them. The original tenancy agreements […]

Help and advise is needed; please forgive my grammar error as I write in pain and low spirit. I rent out my 3 House that goes for market price £1200.00 for £700.00 to a shady a Nigeria agent in Canary Wharf. Little did I know his intention / plan was to rob me of every […]

Universal Credit Webinar facilitated by portfolio landlord and Upad CEO Mr James Davis and Sherrelle Collman Commercial Business Director of Caridon Landlord Solutions discussing what Universal Credit is and the challenges landlords face. Please follow the link below to join the pre-recorded webinar: https://attendee.gotowebinar.com/recording/3755128360713859330

Does anyone know what the legal position is regarding an agent retaining the tenants deposit when they have been employed for a tenant find only? I already have an agent that manages my property and protects the tenants deposits, however, this agent claims that their procedure is to protect the deposits themselves through the DPS […]

I only have 4 properties, but fall into the ‘portfolio landlord’ category. The interest only mortgage on one expires in the middle of next year. I have approached the NLA mortgage team and found I can remortgage to Kensington, Paragon or Aldermore, albeit with a monthly increase of £80 – £100. (All mine seem to […]

1. Security No one likes to think too much about their property being burgled. As unpleasant a thought as it may be, your property’s security should always be reassessed each summer. Whilst Sheffield has seen a reduction in burglaries, reported cases remain high compared to similar demographic areas nationwide. In Broomhill, a thoroughly student heavy […]

If you are looking to raise capital to invest in a business, you could use the equity in your home using a second charge loan. The Mortgage Conduct of Business rules (which were established in 2004 by the UK financial services regulator) ordinarily limit a lender’s ability to permit release of equity from a home. […]

The English Housing Survey on the Private Rented Sector (PRS) 2015-2016 was released yesterday by the Department for Communities and Local Government. Click Here to see the full report Despite popular propaganda most private renters move, because they want to with only one in ten asked to leave by their landlord. 73% of private renters […]

My wife and I are expats who have been renting our property through an agent for 5 years. We currently own a four bedroom property (for bedrooms including a loft extensions). In October 2016, the previous tenants move out and the current occupants moved in. We were sent the documents with a recommendation that we […]

Commenting on the Government’s decision to U-turn on its controversial Making Tax Digital Programme, Richard Lambert, Chief Executive Officer at the National Landlords Association (NLA), said: “We are pleased that the Government has finally listened to the concerns raised by the NLA on behalf of landlords who would have been dragged into a system of […]

I have gone round and round on whether to continue with BTL and I keep walking into the 2 same issues: 1 – If I incorporate, tax rates are such that I could only take a small proportion of income (i.e via dividends) as long as I work 2 – If i don’t incorporate, I […]

Belvoir, which has over 300 offices on the High Street and is currently the UK’s largest property franchise has announced the acquisition of Brook Financial Services Ltd, which trades as Mortgage Advice Bureau. Dorian Gonsalves, who is currently Belvoir’s Chief Operating Officer, and has been with the company since 2005, has taken over the role […]

Edinburgh City Council is very excited and pleased with itself. It has just approved action with a view to implementing rent controls. https://www.commonspace.scot/articles/11326/hope-future-cross-party-rent-controls-breakthrough-edinburgh-city-council It is possible that once this is established in Edinburgh other councils may follow suit and, as we all know, it is quite likely the idea could then catch on down south. […]

The Tenancy Deposit Scheme’s charitable foundation has released a report ‘How do we stamp out damp, condensation and mould in the private rented sector?‘ Kate Faulkner of designsonproperty.co.uk was provided a grant by the TDS to write a series of reports (this is the fourth) for the private rented sector designed to increase knowledge and […]