By: Madalena Penny Lloyds Banking Group has announced a change regarding their buy-to-let policy. In a bid to limit their lending in the Buy-to-Let sector, the group are now only permitting 3 properties per landlord, a stark contrast to their previous lending pattern of 9 properties per portfolio. In the current economic climate, rented accommodation […]
Read More‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾ By: Madalena Penny 82,000 households in London could lose their homes claim London Councils. The results from their survey found that 90% of landlords would evict tenants if they fell into arrears due to the proposed government cults due to be implemented next April. The survey also revealed that landlords would not be renewing […]
Read MoreBy: Madalena Penny Housing Minister, Grant Shapps may have been too hasty with his decision to eliminate Jonathan Healey’s proposal of a landlord and letting agent register, which was planned to be introduced in England this year, experts claimed last week. Amid a trending shift for available housing in the private rented sector by the […]
Read MoreBy: Madalena Penny Landlords Warned to Act Quickly Landlords need to act fast when dealing with tenant arrears, advised Stephen Moss, Senior Partner of landlord legal network, ‘Legal 4 Landlords’. Mr. Moss added: “Landlords acting alone and without the protection and support of letting agents can fall victim to thousands of pounds of loss due […]
Read MoreBy: Madalena Penny A recent report by the Chartered Institute of Housing revealed that 100,000 new houses are to be built this year. Under the previous labour government it was announced that 240,000 new builds would need to be completed every year running up to 2020 to sustain the populations housing needs. The report by […]
Read More‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾ By: Madalena Penny Landlords risk prosecution for failing to understand harassment legislation warned Sim Sekhon of ‘Legal 4 Landlords’. Earlier this year, one landlord was charged with harassment and fined £750 when he visited his tenant at the supermarket she worked at to discuss the 12 weeks rent she owed after numerous failed attempts […]
Read MoreIain Ritchie has managed the Glasgow regional office for Legal 4 Landlords for the past 18 months. In an interview with Amanda Fitzgerald of Farrell-Ambrose, he explaines his experience as a franchisee for the Landlord Legal Network. 1.Why you chose this particular franchise? I chose this particular franchise because of several factors; The BFA Associate […]
Read MoreWith 16 regional offices established across the UK in the last 2 years, legal services, ‘Legal 4 Landlords’ have just been made an Associate Member by the British Franchise Foundation (BFA). As the fastest growing network, the expanding organisation offers support and legal services to the private rented sector, covering; evictions; tenant referencing; deposit schemes; […]
Read MoreBy: Madalena Penny Since the 1950s & 60s, landlords have tried to shake off the bad image created by notorious slum landlord Peter Rackman. Building a property empire of 100 mansion blocks and 3 nightclubs in West London, the property tycoon who was known to be associated with the Kray twins became infamous for driving […]
Read More‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾ By: Madalena Penny In July this year, the national press published our warning to landlords about the dangers of renting houses to tenants offering 6 months rent in advance. Drug cultivators and manufacturers have long targeted residential landlords in a bid to establish drug factories in residential neighbourhoods. As landlords have begun to enforce […]
Read MoreBy: Madalena Penny Landlords acting faster when dealing with defaulting tenants have contributed to the improvement in tenant arrears, according to LSL Property Services. As the largest lettings agent network in the UK, LSL’s research showed that 84% landlords reported that tenant arrears had remained stable or declined in the past 12 months, despite the […]
Read More‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾ By: Madalena Penny, “Legal 4 Landlords” T.S. Elliot may not have been a landlord, a government housing minister or a property investor, but he understood the fundamental value of the security a home provides to its occupants. Combining philosophy with the lettings industry may seem an odd mix, but as the current trends evidently […]
Read MoreBy: Madalena Penny ‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾ As all data presented recently points to a strong demand for private rented properties, on the surface it may appear landlords are faring better than most in these unstable economic times. However, digging a little deeper, there are some serious and significant flaws that landlords are facing, which could cause major […]
Read MoreBy: Madalena Penny Problems in obtaining mortgages, worries over double dip price falls, large deposits insisted upon by mortgage lenders and a shortage of properties have been named as contributing factors for a surge in tenant demand and rental values being pushed higher, suggested the latest survey from RICS, (The Royal Institute of Chartered Surveyors). […]
Read More‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾ By: Madalena Penny This week the RLA (Residential Lettings Association) called for all landlords to support their campaign concerning the proposed changes to the Local Housing Allowance. In a bid to make the coalition government understand that their alterations to housing benefit rates will have a serious impact and result in negative consequences not […]
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