Millionaire Buy To Let Landlord CHG

Civil Penalty Notices served on pair who failed to improve buy to lets

Two buy to let investors have been fined thousands of pounds after failing to carry out improvements to unfit rental properties. Adur council took action on the owners of properties in the Lancing and Southwick areas and, after appeals from the pair were rejected, Civil Penalty Notices were upheld. Robert Cook was originally served with a CPN after failing to comply with an improvement notice from the council on a…

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Peers call for tax relief for rental home improvements

Landlords are welcoming calls today by a parliamentary committee for tax incentives for private landlords to improve the quality of their property. The recommendation is made by a House of Lords committee looking at the regeneration of seaside towns and communities. Following evidence provided by the Residential Landlords Association, the Committee’s report published today recommends: “the introduction of stronger incentives for private landlords to improve the quality and design of their…

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Long-term renting cheaper than being an owner-occupier – claim

A new survey suggests that long-term renting could be substantially less expensive than a mortgage. The study, for Ocean Finance, has analysed monthly housing expenses data from the Office of National Statistics and has surveyed 2,000 current owners and tenants. The investigation found that those tied into a mortgage could end up paying an average of £77,241.61 more over a 25 year period, than a rental tenant in a comparable property…

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Rental fraud warning after shocking scam attempts

Prospective tenants are being warned about a fraud scam that cons people into paying an advance fee to rent a property. The National Landlords Association says it’s been contacted by several individuals who have fallen victim to the scam, where fraudsters have used NLA branding and fake letters from NLA representatives to make their approaches appear authentic. NLA chief executive Richard Lambert says: “Rental fraud is one of the uglier…

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Big boost for deposit alternatives as tenants back new schemes

There’s been a big boost to the movement towards deposit alternatives in the private rental sector following a survey released this morning by lettings agency Your Move. It says over half of tenants questioned in a very substantial 3,752-person poll would be interested in an alternative approach to traditional tenancy deposits. According to the Tenancy Deposit Scheme the average rental deposit in England and Wales is currently £1,110 – however,…

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Shared Ownership Central Housing Group

Buy to let sell-off is “snowballing” in London warns ARLA

The number of London landlords exiting the market last month was a whopping 125 per cent higher than the national average. The figure comes from ARLA Propertymark based on its monthly snapshot of the market conducted amongst members between March 4 and March 18. “Back in December, more than three quarters of ARLA Propertymark members predicted that the number of landlords operating in the private rented sector would decline this…

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Government launches EPC consultation Central Housing Group

Energy Efficiency: £3,500 cost cap to take effect from 1st April

Landlords with properties that have an energy performance rating of F or G will be expected to pay up to £3500 from 1st April, in order to improve the energy efficiency rating of the property. The majority of landlords will be unaffected by the change, because their properties will already be compliant. This is because as from the 1st April 2018 it has been a requirement for any properties rented…

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Right To Rent Judicial Review Central Housing Group

Right to rent ‘a farce’ argue landlords

ONE of the Government’s flagship immigration policies has been branded a farce after a court ruling that a landlord who seeks to repossess property where the Home Office tells them a tenant does not have the right to rent, is breaching equalities law. Under the Right to Rent scheme landlords are responsible for checking the immigration status of their tenants with the prospect of prosecution if they know or have…

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Rented Homes Tax Central Housing Group

2020 tax changes ‘could accelerate buy to let sell-off’ warning

Changes to Capital Gains Tax which reach their full impact in the next 12 months could fuel property changing hands between landlords. That’s the view of Andrew Turner, chief executive at specialist lender Commercial Trust. He says that the abolition of lettings tax relief from April 2020, almost exactly a year from now, could impact on ‘accidental landlords’ who once lived in a property and then decided to let it.…

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B-T-L Landlord Central Housing Group

Lies, illegal flats and hidden tenants lead to suspended jail sentence

A buy to let investor who hid families in windowless rooms after failing to get planning permission for a block of flats has been given a suspended prison sentence. Talwinder Singh was refused permission by Slough council to build the block of six flats but went ahead and built them anyway in the Manor Park area of the town. Then, despite being served with a planning enforcement notice in September…

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Rent Reductions Central Housing Group

Rents almost stagnating – they’ve risen just 0.4% in a year

The average rent across England and Wales in February was a mere 0.4 per cent higher than the same point a year ago according to Your Move. Just a month ago the annual rate of growth was 1.4 per cent. Now across all of England and Wales the seasonally-adjusted average rent stands at £861 per calendar month. South West England was home to faster rent rises than any other region…

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Scathing attack on lettings sector ‘rogues’ by government minister

The government is back to business attacking the lettings sector with an extraordinary claim by a minister that many students are obliged to live in “squalor.” Universities minister Chris Skidmore says many landlords do not fulfil their obligations and responsibilities to student tenants and claims figures show that one in five students live in squalor and have reported mice, slugs, and other vermin infesting their accommodation. Skidmore says the new Homes…

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Residential Landlords Association Central Housing Group

RLA: Licensing ‘fails’ tenants and good landlords

The cost of landlord licensing schemes in Britain are a “postcode lottery”, according to Direct Line research. The Residential Landlords Association (RLA) have today (20th March) responded to research published by Direct Line revealing that the costliest landlord licensing schemes are 21 times more expensive than the cheapest. The researched report analyses licensing charges between local authorities, showing a large variance, with the cost of a new licence ranging from just £55…

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Housing transactions across England and Wales CHG

Don’t believe the hype: Some dos and don’ts of buying and selling property

The experience of buying or selling a property can be anywhere on a spectrum between ‘silky smooth’ and ‘complete nightmare’. To get you on the right track, why not check out some of our top tips about the buying and selling process. 1: Cheapest mortgage = Best mortgage Cheap is good. Everyone loves a bargain, right? However, considering that this is probably the single biggest purchase any of us make…

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Top boiler tips for landlords

According to data from Direct Line for Business, a 36% rise in claims for faulty boilers occurred last year caused by the aftermath of the ‘Beast from the East’. The record number of claims between December and February as temperatures fell as low as −11°C in some parts of the UK, marked the sixth consecutive year in which the volume of insurance claims for faulty boilers has risen. Following the…

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Faulty white goods for Central Housing Group

Half a million Whirlpool tumble dryers to be recalled

The Government has called for more than 500,000 tumble dryers to be recalled over fire-risk concerns. The move was referred to by the Consumer Minister Kelly Tolhurst as being ‘unprecedented’. Around half a million faulty machines, which were produced between 1 April 2004 and 30 September 2015, are estimated to still be in use in UK homes. The announcement on Monday follows the publication of the Office for Product Safety…

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Top tips for value boosting DIY

We are a nation of DIY enthusiasts, and according to the latest research from NAEA Propertymark, we have splashed out a total of £48bn doing up our homes over the last five years – an average of £8,000 each. With growing house prices making it difficult for many to move up the ladder, 98% of homeowners have made improvements to their properties over the last five years. The most popular…

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Deposit-free renting Central Housing Group

Majority of UK property investors intend to increase their portfolios in 2019

A new independent survey commissioned by Experience Invest has quizzed over 500 buy-to-let landlords on how they are planning to manage their property portfolios this year. The research shows that the vast majority of UK property investors are looking to maintain or grow the size of their portfolios in the coming 12 months, with a mere 11% planning to reduce the number of assets they own. It comes despite some…

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Selective Licensing System Central Housing Group

Yet more licensing: Consultation underway to extend London scheme

Consultation is underway to extend a landlord licensing scheme in a London borough where a third of households rents privately. Three types of licensing schemes already operate in Brent: mandatory, additional and selective licensing. Now people are being asked whether they are in favour of renewing the selective licensing scheme in three areas, and about renewing the additional licensing scheme for HMOs, and about extending the selective licensing scheme to…

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New call for four-year tenancies, rent caps and fewer evictions

Another think-tank has come up with reforms which it wants the government to make to the private rental sector – and its chief objective is to introduce four year standard tenancy durations. The Centre for Social Justice’s housing commission is chaired by Lord Best, who is also leading some government discussions on reforms to the estate and lettings agency industries. The CSJ says that as part of its proposed four-year…

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