Tag Archives: Robin Wales

London council wants to licence 35,000 buy to lets Buy to Let News, HMO's & Student Lets, Latest Articles, Lettings & Management, Property Investment News, Property Market News

Newham Council has completed stage one of a grandiose plan to licence 35,000 buy to let tenancies.

The Labour-led council wants to become the first to achieve the milestone and is looking to extend a pilot scheme in the neighbourhood improvement zone of Little Ilford that has seen 257 licences issued. Continue reading London council wants to licence 35,000 buy to lets


Newham council wants to traffic tenants out of London Buy to Let News, Latest Articles, Property Market News

Housing minister Grant Shapps has accused Newham Council, East London, of ‘playing politics with peoples’ lives’ over a radical plan to shunt homeless families out of the capital because benefit caps do not allow them to move in to local buy to let properties.

The council has a housing waiting list of 32,000 people and claims cuts to housing benefits mean tenants can claim a monthly allowance of between £250 for a one-bedroom flat and £400 for a four-bedroom property. Continue reading Newham council wants to traffic tenants out of London


The Great PRS Licencing Debate Buy to Let News, Latest Articles, Lettings & Management, Property Investment News

Whilst there were only 50 delegates at the event the speakers were all very high profile. The debating panel included CEO’s from ARLA, the NLA, The Property Ombudsman and Sir Robin Wales, the Mayor of Newham who sparked off controversial debates surrounding his plans to introduce compulsory licencing for Newham landlords (read my thoughts below the video). The feedback after the event has been tremendous with interest from the press and many tweets such as Continue reading The Great PRS Licencing Debate


Letting Unlicensed HMO is a Crime, According to Judge HMO's & Student Lets, Latest Articles, Property Market News

A London council has won a criminal compensation order against a letting company who failed to licence a house in multiple occupation.

In what is believed to be a landmark case, Newham Council claimed rent paid to the company, Sumal & Sons Properties, of Stamford Hill, was a criminal benefit as the property did not have an HMO licence.

A judge at Inner London Crown Court agreed with the argument and awarded £12,000 fines, costs and compensation for rent paid while the property was let without a licence. Continue reading Letting Unlicensed HMO is a Crime, According to Judge


Council wants to invest taxpayer cash in buy to let Buy to Let News, Latest Articles, Property Market News

1 green property amongst a row a red properties

"Councillors want to buy rundown buy to lets"

Councillors want to dabble in property investment by spending millions on purchasing ‘substandard’ buy to let homes.

The plan is for Newham Council, East London, to buy and let the homes to improve housing standards – and to make a killing on capital appreciation as well.

The council is banking on cheap borrowing rates offered to local councils to underpin the scheme, but throw the deal open to private and institutional investors.

The scheme depends on the outcome of financial negotiations with the government ministers. No details of how the scheme would work and how much investment would be needed to refurbish and manage property are not finalised.

Blackpool Council had a similar scheme on a smaller scale that recently failed. The council bought property worth £2.7 million with the intention of renovating and letting them as homes only to run out of money – the portfolio was sold to a housing association for £3.

The council area that has benefitted from investment billions generated by the new London Olympic 2012 stadiums and infrastructure.

Newham has an estimated 35,000 buy to let and houses in multiple occupation (HMOs) and the council claims tenant turnover rates are 60% compared with just 5% for social housing.

Councillors are formulating a social lettings allocation policy that pushes employed people ahead of those on benefits in queues for social housing.

Sir Robin Wales, Newham’s directly elected mayor, told Inside Housing magazine: “It is clear to us that we have to stabilise the private sector or we will just become a transit camp. That’s why we want to invest – there is a logic driving us.

“We want to purchase property in the private sector and run our own private rented sector. That way we can have longer tenure. That is a big issue for me.”

Sir Robin added that buying private properties would increase the council’s options for housing people on benefits.


Property Forum and News website where UK landlords and letting agents share best practice