Tag Archives: Cautionary Tales

Buy to let fraudsters target landlords and letting agents Buy to Let News, Cautionary Tales, Latest Articles, Property Market News

Police are warning about fraudsters who are ripping off landlords and tenants by posing as bogus letting agents.

Scotland Yard detectives are looking for those behind two scams.

In the first, tenants pay over a deposit and first month’s rent on buy to let homes that are already let. Continue reading Buy to let fraudsters target landlords and letting agents


Landlord and his Lover Conned £20,000 in Benefits Buy to Let News, Cautionary Tales, Latest Articles

A landlord moved his tenant lover in to his home while she carried on fraudulently claiming benefits for his buy to let.

The pair conned the local council out of £20,000 in housing benefits, council tax and income support.

Mandy Huskisson, 44, pleaded guilty to four fraud offences at Runcorn Magistrates Court. She was given a six-month community order and ordered to repay £19,661 in overpaid benefit. Continue reading Landlord and his Lover Conned £20,000 in Benefits


Letting Agent Stole £250,000 from Landlords and Tenants Buy to Let News, Cautionary Tales, Latest Articles

Letting agent Zulfiqar Hussain must pay his victims £250,000 or face three years in jail after stealing money from dozens of landlords and tenants who trusted him with their cash.

Hussain was sentenced to a nine month suspended prison sentence after admitting seven charges of engaging in unfair commercial practices and one of money laundering. Continue reading Letting Agent Stole £250,000 from Landlords and Tenants


Landlords Need to be Wary of Fraudulent Tenants Buy to Let News, Cautionary Tales, HMO's & Student Lets, Latest Articles, Lettings & Management

Landlords have been warned of tenants fraudulently filling out tenancy agreements with fake names and barely paying rent.

Let Insurance Services say similar cases involving landlords are on the increase and the lack of available credit for some after the credit crunch could be to blame. Continue reading Landlords Need to be Wary of Fraudulent Tenants


Letting Agents Close Owing Landlords and Tenants Cash Buy to Let News, Cautionary Tales, Latest Articles, Lettings & Management

Midlands landlords are chasing rents and deposits from a letting agent who suddenly closed for business.

Police are looking at the demise of Baxter Todd, a letting agency with offices in Warwick, Leamington Spa, Coventry and Stratford-on-Avon.

The offices are closed, phone lines have been disconnected and emails go unanswered – although the firm’s website is still live. Continue reading Letting Agents Close Owing Landlords and Tenants Cash


Buy to Let Property Club Fraudsters Scammed £1 million Buy to Let News, Cautionary Tales, Latest Articles

Buy to let property club fraudsters who raised more than £1 million from selling shoddy properties at inflated prices have picked up jail sentences.

The con-men ran three property firms in the North West and scammed investors into parting with their cash on false promises of guaranteed rental incomes on below market value homes. The three men involved were sentenced at Manchester Crown Court. Continue reading Buy to Let Property Club Fraudsters Scammed £1 million


Shams, Scams and Blocking Tactics Buy to Let News, Guest Articles, HMO's & Student Lets, Latest Articles, Lettings & Management, Tenant Eviction


By Guest Columnist Ben Reeve-Lewis


We live at a time when mortgage repossessions are running at an all time high, last year saw 45,000 with a huge impending increase in 2012 and even more restrictions being placed on lenders by the FSA when offering alternatives to repossession.

And all this without a rise in interest payments. Imagine what will happen when they go up? Continue reading Shams, Scams and Blocking Tactics


Blackburn Landlord Hit with Hefty Fine Buy to Let News, Cautionary Tales, Latest Articles


News Sourced by Property118 News Team


A landlord in Blackburn has been fined £10,000 and ordered to pay £8,000 in costs after failing to ensure gas safety checks were completed at a property, home to a family of eight.

Mr Rashid Hussain failed to organise an inspection, despite being handed an improvement notice requiring him to get the property checked within 21 days. Mr Hussain ignored earlier warnings about the checks after he failed to renew after the first year. Continue reading Blackburn Landlord Hit with Hefty Fine


Judge Hits Out at Buy to Let Lender’s Poor Underwriting Buy to Let News, Latest Articles, Property Market News

A buy to let lender was slammed for a landlord mortgage of £166,500 without carrying out proper income checks in a negligence case at the High Court.

GMAC-RFC – now trading as Paratus-AMC – agreed the 90% loan-to-value advance on a £185,000 property valuation from Countrywide in 2004. Continue reading Judge Hits Out at Buy to Let Lender’s Poor Underwriting


Avoiding being ripped off by the Olympics Guest Columns, Lettings & Management, Property Market News

Having written my article on the predicted downside of renting during the Olympics I thought I had better provide a bit of guidance for landlords on how to avoid getting ripped off.

Foreign sports tourists are also open to abuse simply because they don’t know London or the way things work in the UK. Already many scams abound, using a major online property website who I obviously won’t mention for legal reasons but I’m sure you all know who I am talking about. Continue reading Avoiding being ripped off by the Olympics


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