Page 905 – Property118

Below Market Value Agent Advertised Misleading House Prices

9th December 2011

Estate agents quoting misleading below-market-value home sale prices have been reprimanded by the advertising watchdog. The Advertising Standards Authority (ASA) upheld four complaints against Express Estate Agency, run in Manchester by Sell Quick.

Getting Letting Agents to Bid for Your Business

9th December 2011

Landlords can take the strain out of comparing letting agents to find the best deal with a new online service. The site lets landlords list details of their property for free – and invites local letting firms to pitch their deal against the clock.

Further Warnings to Landlords about Tenants Deposit Protection

9th December 2011

Following my blog The Devil is in the Detail, I want to pass on some information that will help landlords avoid being caught out. “When you protect a deposit you are asked if there is a third party who has provided the deposit.  Most of us assume that the tenant has provided their own deposit […]

Letting Agent Ripped Apart by Social Media

9th December 2011

I am writing this blog to balance out another article on this website and to raise a question about whether it is reasonable for a business to be exposed to a trial by social media. Is it even possible that a group formed on Facebook could muster up enough support to potentially bring an established […]

Rip Off Letting Agents Prey on Tenants

8th December 2011

Letting agents are ripping off tenants with high fees that are not revealed until they come to let a home, claims a new report. Mystery shoppers found only two letting agents visited in London, Manchester and Gloucester advertised letting costs online and the range and cost of fees varied ‘significantly’ between firms.

Airline Pilot’s Holiday Let Strategy Takes Off

8th December 2011

As an Airline Pilot, Ray Pearce has a fairly unique perspective on the changing trends of UK holiday makers; “Over the last few years I’ve observed an increasing trend for UK families to choose to holiday within the UK rather than flying abroad, so for me, investing in holiday lets is kind of hedging against […]

Landlord Fined £4,000 after Tenant Flees Buy to Let Blaze

7th December 2011

A landlord was fined £4,000 for failing to carry out fire safety work at a rental property after a tenant had to flee to safety from a blaze. Islington Council had already served Nadia Boujema an improvement notice ordering the fitting of fire detection equipment at the home near The Angel, North London.

Buy to Let Drought Pushes up Yields for Landlords

7th December 2011

A shortage of homes to rent is pushing yields up for landlords – and the trend is likely to continue, say letting agents. Yields have risen for 21 months in a row according to the latest buy to let market review for the three months ending October 31 from the Royal Institution of Chartered Surveyors.

Property118 Landlords Newsletter – Issue 78

7th December 2011

The latest news and views from the property market and private rented sector, including reaction to the Channel Four Property Scandal programmes. This edition also includes guest articles from Ben Reeve-Lewis, Julie Ford, Frazer Fearnhead and the funny-as-ever HMO Landlady.

House prices in Scotland Unmoved

7th December 2011

House prices in Scotland have remained fairly constant, offering only small rises for larger properties and slight drops in smaller houses. Edinburgh saw its average house price rise by 0.6% on a year ago, with the biggest rise coming in West Lothian at 6.2%. Elsewhere, properties in East Lothian and Dunfermline decreased.

Warning: Upsetting Footage For Landlords

7th December 2011

You can reference tenants, you can use your own judgement to select ones you think you can trust and you can be a good honest considerate landlord, but there is still no guarantee they will treat your property with respect. If you have not experienced any issues with tenants damaging your property then you are […]

Hush-hush Chancellor Quietly Puts up CGT and IHT

6th December 2011

Property investors will pay more inheritance tax and capital gains tax after the government changed the basis for calculating index-linked increases in reliefs. The back-door move will increase the amount of tax collected on all transactions from April 2012 despite Chancellor George Osborne promising CGT rules would remain the same during the life of this […]

Period Homes Give Investors the Best Returns

6th December 2011

Property investors looking for homes with the best capital growth should look for homes built before the end of the First World War, according to new research. High ceilings, decorative features, larger rooms and often larger plots have all contributed to the massive 461% price rise in homes built before 1919 – equivalent to just […]

Possession Increasingly Obtained Without Money Orders

6th December 2011

Landlords across the country appear to be changing tack as the amount of successful possession orders appears to be on the rise. Let Insurance Services have found the amount of possession orders without a money judgement is up a third on 2010 as landlords appear to be cutting their losses.

Landlords from Hell 2 – a personal musing

6th December 2011

Probably like many readers of Property 118, I watched Landlords from Hell on Channel 4 last night with a mixture of annoyance and head shaking depression. I feel partly responsible as having appeared briefly in September’s follow up to the first programme, I stayed in touch with the production company and provided a lot of […]

DPS Smoothing the Return of Deposits

6th December 2011

The Deposit Protection Scheme has made a raft of changes to make the returning and protection of deposits process easier and quicker. Tenants can now request their repayment ID by SMS, they say this should take away one of causes for delay in returning deposits.

Britain in Denial Over Possibility of Falling House Prices

5th December 2011

Two-thirds of people believe house prices will not drop next year despite warnings from banks and governments that the global economy is on the brink of slipping back in to recession. One in five predict prices will rise by the end of 2012 while around 40% expect no change despite property prices sitting around the […]

Landlords Urged to Sign up for Tenant Property Passport

5th December 2011

Landlords are being urged to sign up for a new passport scheme for tenants that build a six-year rental history similar to a credit record. The passport is a real-time online service that helps landlords reference tenants.

The Pointless Housing Benefit Helpline

5th December 2011

I’ve just come off the phone to our local housing benefit “help” line, scraped myself off the ceiling and stopped terrifying the handyman (who is putting up shelves) with my expletives. Based on previous experience, I don’t know why I thought this call could ever be a productive use of time.

Property118 Landlords Newsletter – Issue 77

5th December 2011

The latest news and views from the property market and private rented sector. This edition also includes guest articles from Ben Reeve-Lewis, Mary Latham and the return of Landlord Action’s Paul Shamplina.

The Devil is in the Detail

5th December 2011

The Localism Act 2011 is another heavy piece of legislation and you might be forgiven for missing a very important detail. It has been overlooked in several articles that I have read this week, but the courts will not forgive you so you’d better read on. In the Housing Act 2004 it became unlawful to […]