Tag Archives: Housing Association

Major buy to let lender shuns benefits tenants Buy to Let News, Landlord News, Latest Articles, Mortgage News, Property Investment News, Property Market News, Property News

Major buy to let lender shuns benefits tenantsMortgage Brokers across the UK have been advised by Nationwide Building Society’s specialist buy to let mortgage arm (The Mortgage Works) that they are changing their criteria to stop buy to let investors letting their properties to tenants in receipt of benefits.

A survey from housing charity Crisis, released just before Christmas, claimed that 98.5% of landlords don’t accept benefits tenants already. We doubt very much that’s true as in some areas of the UK vast elements of the population are claiming benefits and renting from private landlords. Continue reading Major buy to let lender shuns benefits tenants


Residential Property Inventory Services In A Nutshell Landlord News, Latest Articles, Property News

Residential Property Inventory Services In A Nutshell

Inventory form being filledWhat is an Inventory?

To sum it up in simple terms, an inventory is a detailed list using specific phrases to describe the features, items and condition of a property. Once produced it becomes a legal document and it is in the best interest of both the landlord and tenant that it is detailed (if it’s not on the inventory you can’t provide it) By having a through inventory, it is less likely there will be problems when the tenant leaves the property. But remember for the inventory to be valid both the landlord and the tenant should have agreed it and it should be signed by them or their representatives. The inventory should list everything doors, locks, handles, keys and how many keys, ceiling, lighting, lightshade, bulbs and if they are working, walls its general material Continue reading Residential Property Inventory Services In A Nutshell


Philip Allen of London GOOD Landlords Campaign Sponsors

The GOOD Landlords CampaignPhilip Allen of London

I have been a landlord since 2006, surviving and growing stronger through some of the most challenging financial times ever.

The core of my business is London-based where I work with Housing Associations. My aim is to consolidate the portfolio I have without, necessarily expanding by acquiring more property. To this end I’ve been adding bedrooms, one beds become two, two beds become three, etc.

This is not ‘cramming’ people into smaller properties as all regulations are adhered to. All available space is used to ensure our tenants have a comfortable safe home to call their own. Working with the Associations ensures that we keep abreast of the latest regulations and safety requirements.

My personal strategy is based around ‘buy and hold forever’.

I have now based myself overseas where I’m introducing many of the experiences I have to a totally different market place. Challenging yet, already, rewarding.

Continue reading Philip Allen of London


The Green Deal goes live today – landlords urged to check it out Landlord News, Latest Articles, Property News

The Green Deal - LandlordsThe National Landlords Association (NLA) is reminding all private residential landlords to familiarise themselves with the Green Deal and begin making energy efficiency improvements to all relevant properties, as the Government formally launches the scheme today (Monday 28th January.)

The Green Deal is the Government’s vehicle to make the UK’s housing stock more energy efficient. The NLA is warning that after 2016, landlords will be unable to refuse a tenant’s reasonable request for Green Deal improvements.

Furthermore, under the new legislation, landlords will be forbidden to let any properties found to have a poor Energy Performance Rating (F or G rated) after 2018. Continue reading The Green Deal goes live today – landlords urged to check it out


Landlords and Tenants Becoming more Energy Conscientious Landlord News, Latest Articles, Property News

Landlords and Tenants Becoming more Energy Conscientious

The number of energy inefficient properties owned by landlords is steadily decreasing, according to research from the Association of Residential Letting Agents (ARLA). 

In December 2012, 61% of landlords reported that they had no properties rated F or G in terms of their energy efficiency, an increase of 11% on the year before.  This rise in the ownership of energy efficient rental properties could be down to upgrades of older properties or the sale of lower-rated properties. 

Continue reading Landlords and Tenants Becoming more Energy Conscientious


Landlord registration is costing £400,000 per rogue Landlord News, Latest Articles, Property News, UK Property Forum for Buy to Let Landlords

Landlord registration is costing £400,000 per rogueA multi-million pound scheme introduced to crack down on rogue landlords has resulted in only 11 people being reported to the procurator fiscal in two years.

The Landlord Registration Scheme has so far cost landlords and the taxpayer nearly £18 million since 2006, figures obtained by the Scottish Conservatives have revealed.

That breakdown revealed responsible landlords have paid £11.2 million in fees, while the start-up Scottish Government grant for the scheme was £5.2 million. Annual running fees for the website since 2006 are estimated to be just under £300,000. Continue reading Landlord registration is costing £400,000 per rogue


Rents rising in Scotland Landlord News, Latest Articles, Property News

Rents rising in ScotlandA new era for the rental sector has been confirmed with a sharp rise in rental prices across Scotland, particularly in Edinburgh and Aberdeen.

Property experts who have carefully tracked the state of the Scottish rental market for more than five years believe the rise could be as a result of significant changes imposed on the sector during 2012. Continue reading Rents rising in Scotland


London Central Portfolio Ltd report Empty Homes Crisis Landlord News, Latest Articles, Property News

Central London Landlords are not the villains as thousands are owned and unused by poorest boroughs in an empty homes crises.

“The lights are out in London” seems to be politicians’ pet mantra. It was used by Lib-Dem MP Simon Hughes in his motion to make parts of the capital ‘off-limits’ to wealthy people purchasing second homes and ‘leaving them sitting empty’. It was used as a catalyst for the Stamp Duty rises for high end property in the last budget. And most recently, it was used by Camden Council in their efforts to increase council tax on empty homes. Continue reading London Central Portfolio Ltd report Empty Homes Crisis


Genesis Housing Association respond early to Montague Report Commercial Finance, Landlord News, Latest Articles, Property News

Stratford Halo Development

Stratford Halo Development

Genesis Housing Association is entering into an unprecedented and innovative financial agreement for its Stratford Halo development in East London with M&G Investments, the leading investment manager. The agreement will provide Genesis with greater capacity to invest in regenerating balanced communities and in good quality, affordable housing at a time when public subsidy for the development of new homes is expected to fall further.

With a value of £125 million, the initiative is the largest of its kind and the first in London.  It is also the first institutional investment in residential real estate for M&G’s Secured Property Income Fund (SPIF).

The agreement is an early response to the Montague Report, published in August 2012, which identified the potential of financial institutions as providers of funds for ‘build to let’ to satisfy demand for new housing.   It also anticipated the recommendations of the Future Homes Commission (FHC) that the shortage of quality housing could be solved by a ‘major overhaul’ of the way the UK funds, builds and markets new housing. Continue reading Genesis Housing Association respond early to Montague Report


NLA concerned by cap on Local Housing Allowance Landlord News, Latest Articles, NLA - National Landlords Association, Property News

NLA logo colourYesterday the House of Commons gave a second reading to the Welfare Benefits Uprating Bill which caps future increases to Local Housing Allowance rates at one per cent from 2014.

Richard Lambert, Chief Executive Officer of the National Landlords Association (NLA), says:

“Capping future increases to Local Housing Allowance (LHA) rates to one per cent risks a decrease in real terms if, as expected, inflation exceeds this level. With time, this will inevitably render private-rented accommodation unaffordable for many tenants in receipt of housing benefit. Indeed, the cap could deter landlords from investing in much needed housing for those receiving support. Continue reading NLA concerned by cap on Local Housing Allowance


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