Tag Archives: DSS Tenants

Aldermore offer Buy to Let for customers with light adverse credit Buy to Let News, Latest Articles

Since the credit crunch it has been extremely difficult for anyone without a perfect credit history to obtain a Buy to Let mortgage. Mainstream lenders have not been interested in entertaining any mortgage arrears, CCJs or defaults until now.

Aldermore have changed their Buy to Let criteria  allowing a mortgage to be considered for customers who have had:

  • 1 or 2 missed mortgage payments over 12 months
  • CCJs and Defaults registered over 3 years ago
  • Missed unsecured credit payments such as credit cards, mobile phone, loans etc

In recent years most options open to Buy to Let customers with any adverse credit would have cost 8-10% and even up to 15% for more serious cases.

This is obviously a very clever attempt to capture market share in a niche area, but really does help a lot of investors who have had a blip and are still a good risk

The Aldermore Product range starts from:

  • 3.98% for a 2 year fixed fee 2.5% at max 75% LTV
  • up to 4.98% with £1,999 fees for their 80% LTV products.

Aldermore Criteria includes:

  • No minimum income for experienced Landlords or £25,000 min for First time Landlords
  • Min Value of a property £75,000
  • No DSS tenants
  • Max 5 properties with Aldermore

You can get a full quote on our Buy to Let mortgage sourcing Calculator if you wish (CLICK HERE)

Or if you need any help with a Buy to Let application

Email: info@property118.com

Tel: 01603 489118Aldermore


DSS Tenants – does this video say it all? Ask Me Anything, Latest Articles, UK Property Forum for Buy to Let Landlords

I am a landlord specialising in renting to DSS Tenants – ask me anything 🙂

Update

You may remember the video’s I shared with you back in June and November? Well this is what the place I video’d in November looks like now, just three weeks later …

My original video’s from June and November are below.

Some people think I’m must be crazy to accept benefits tenants. Well maybe I am but it works for me and I have dozens of very happy tenants and a waiting list as long as your arm for my properties. I have no voids and never need to advertise. In short, this video does not tell the full story but I am happy to to tell you mine if you care to ask 🙂

Looking forward to reading and responding to your comments.

DSS Tenants - This video says it all


The Ombudsman has ruled, fair or not, you decide …. Landlord News, Latest Articles, Property News, UK Property Forum for Buy to Let Landlords

The Ombudsman has ruled, fair or not, you decide ....I previously posted information about a problem Estate Agent who had let my property in Dover to a family on DSS with 7 children contrary to my instructions of no DSS tenants and no pets. I was very specific about my requirements due to a nightmare and costly experience with a previous tenant on DSS who trashed my property.

On discovering that my agents had disregarded my instructions, I wrote a complaint to them holding them responsible for any loss of rent or for the cost of any repairs and evicting the Tenants or re-letting the Property. This culminated in a “desist” letter from a solicitor and immediate termination of Estate Agent services. I had also contacted the Ombudsman and after six months of waiting I finally received their report. Continue reading The Ombudsman has ruled, fair or not, you decide ….


Pradip Thaker of Gillingham Kent GOOD Landlords Campaign Sponsors

The GOOD Landlords CampaignPradip Thaker of Gillingham Kent

I have been a landlord for the past seven years and have seen things getting from bad to worse.

Agents I have used are not doing the work they supposed to such as managing late payments, arrears,
and getting  just anybody to carry out repairs sometimes without consent.

Mortgage companies are also putting up rates and Libor.

I have a few DSS tenants and new laws soon in force that will pay rent paid direct to tenants are going to cause various Headaches not least of which non-payment.

I am therefore sponsoring the Good Landlords campaign.

Continue reading Pradip Thaker of Gillingham Kent


DSS Move says the LHA market is potentially 5 million tenants Landlord News, Latest Articles, Property News

DSS MoveCurrently there are over five million people claiming LHA and this is set to grow over the next 2-3 years as we face a tough economic period and continued austerity measures from the Government.  According to Dssmove.co.uk, letting agents and landlords will miss out if they ignore LHA tenants. Continue reading DSS Move says the LHA market is potentially 5 million tenants


Problem Letting Agent Cautionary Tales, Landlord News, Landlords Stories, Latest Articles, Lettings & Management, Property News

Problem Letting AgentsLinda has written in to share her problem letting agent story and to ask the Property118 community for their opinions, guidance and advice. The remaining content of this post is Linda’s:-

“I purchased properties about four years ago as a cushion for retirement.   It has proved a disasterous undertaking and now that retirment is upon me I have used almost all my savings to redecorate flats left in a disgusting state by tenants.   Continue reading Problem Letting Agent


DSS Tenants and Pets Considered “subject to guarantees” Buy to Let News, Landlord News, Latest Articles, Lettings & Management, Property Investment Strategies, Property News

If you want to get your phone ringing off the hook next time you advertise a property to let just add the words “DSS Tenants and Pets Considered subject to guarantees.”

In this readers letter yesterday several landlords shared their horror and dare I say naivety of the law in some of the comments they left. Continue reading DSS Tenants and Pets Considered “subject to guarantees”


Void periods – one of the landlords greatest enemies Buy to Let News, Guest Articles, Guest Columns, Landlord News, Landlords Stories, Latest Articles, Lettings & Management, Property Investment Strategies, Property News

As we all know, the landlord’s most dreaded expense is void periods and I am always looking at innovative ways of trying to achieve the “holy grail” – 100% tenant occupancy – 100% of the time.

Renting to DSS tenants (as discussed in DSS tenants – another issue) can drastically reduce our voids but, as your many comments highlighted, DSS tenants do not come without their own unique set of tenancy issues – which are not palatable to large swathes of fellow landlords!

So – how can we reduce our void periods without turning to the DSS? Continue reading Void periods – one of the landlords greatest enemies


DSS Tenants – another issue Buy to Let News, Guest Articles, Guest Columns, Landlord News, Landlords Stories, Latest Articles, Lettings & Management, Property Investment News, Property Investment Strategies, Property News

DSS Tenants - another issueThe good thing about being a landlord is that I not only generate a fantastic monthly income from my property investments but I also have the power to make a positive impact on the lives of some vulnerable people “DSS Tenants” living in my community by providing them with a home (when other landlords might not).

Continue reading DSS Tenants – another issue


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