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The seven deadly secrets that Lettings Agents dont want you to know
Property Spotlight
£1,600.00
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High Street, Wimbledon SW19
£2,200.00
(Monthly)
48 Putney Hill, Putney SW15
£2,275.00
(Monthly)
Buttermere Drive, Putney SW15
£2,300.00
(Monthly)
Downside St. Johns Avenue, Putney SW15
MORE BUY-TO-LET LANDLORDS TURN TO BRIDGING FINANCE - Gross lending in bridging finance is set to reach £800m for the first time this year, driven by a big increase in landlords who cannot raise money on the high street .
According to new projections provided by bridging lender West One Loans, the br... full story
TAXMAN DECLARES WAR ON STAMP DUTY AVOIDANCE Her Majesty’s Revenue & Customs is declaring war on stamp duty avoidance.
It is to mount a court challenge to determine the legality, or otherwise, of stamp duty tax avoidance schemes.
Central to the challenge will be the use of limited companies t... full story
COURTS SHOW THEIR TEETH … FINES FOR HMO LANDLORDS - Two landlords have paid a heavy price in separate cases for failing to comply with HMO regulations.
Sikander Hayat has been fined £9,500 after being prosecuted for blocking escape routes, failing to ensure that the fire alarm system was working, a... full story
FIRST-TIME BUYERS OPT TO RENT WHEN MORTGAGES ARE REFUSED - Nearly three-quarters of mortgage brokers could not find a mortgage for at least one would-be borrower during the third quarter of this year, helping to fuel tenant demand for the private rented sector.
Research by the Intermediary Mortgage Lend... full story
CHARITY LOSES HIGH COURT CHALLENGE OVER BENEFIT CUTS FOR PRIVATE TENANTS - The Child Poverty Action Group has lost a legal challenge in the High Court against the Government over changes to housing benefit for tenants in the private rented sector.
The charity challenged two changes which were introduced in April. One was... full story
THE VIEW FROM WESTMINSTER - BY ED JACOBS Since the last e-newsletter, peers have considered an amendment, drafted by the RLA and tabled by cross-bench peer Lord Best, to the Welfare Reform Bill calling for the Government to give tenants a choice over who the housing element of the universal... full story
RENT CAPS - TORIES SAY ‘NO’ … LIVINGSTONE SAYS ‘YES’ Rent caps in the private sector have been ruled out by housing minister Grant Shapps – just as London mayoral hopeful Ken Livingstone has said he will bring them in if elected.
Answering a question in Parliament put by Labour MP Jeremy Corbyn, Sha... full story
LANDLORD FINED AFTER THREATENING REMARKS - A landlord has been fined £650 after making threatening remarks to two of his tenants.
Mark Fortune, 42, lost his temper after the tenants fixed a broken lock and a shower at a flat he owned in Edinburgh and asked him to pay the £160 repair bill.
... full story
BIRTH RATE COULD FALL AS TENANTS STICK TO RENTING - Family life is under threat because so many people are having to live in the private rented sector – where there is an inadequate supply of stock suitable for families.
As a result, younger people are putting off having children and forming househ... full story
ONE IN SIX LANDLORDS SAY THEIR PROPERTIES FAIL EPC More than one in six landlords (17%) say that their properties fall into the lowest two categories of energy efficiency – meaning that they could be banned from the rental market.
From 2018 under the Government’s Green Deal proposals, properties w... full story
‘RETALIATORY EVICTION’ BAN OVER GREEN DEAL IMPROVEMENTS Landlords could be prevented by law from ‘retaliatory evictions’ of tenants who ask for energy efficiency improvements to be made to their properties.
Minister Greg Barker, in a debate in the Commons that took in the Green Deal and private rented ... full story
DO YOUR STUDENT TENANTS TRIGGER EXTRA COUNCIL TAX? We would be interested to know if landlords with student tenants are encountering unexpected council tax demands, covering periods which the local authority considers to be outside the academic year.
Student lets are generally offered by landlord... full story
SUSPENDED SENTENCE FOR FORMER LETTINGS AGENT IS A “KICK IN THE TEETH” Lenient sentences handed down to the former owner of a letting agency and his accountant who pleaded guilty to offences involving tenants’ deposits have been described as a “kick in the teeth”.
Brandon Weston was given a suspended jail sentence an... full story
LONDON PRECEDENT FOR COMPULSORY LICENSING A London borough could become the first local authority in England and Wales where every single private landlord and rental property within its boundaries must be licensed.
Other local authorities are expected to follow suit, by applying selective... full story
RLA LEADS LHA ALLIANCE The RLA is leading an alliance of 15 landlord associations (both social and private) and other organisations which want to see housing benefit tenants being given the right to choose whether they or their landlords receive the benefit.
The Welfare... full story
SERVICE SPOTLIGHT: THE RLA HELP DESK One of our most unique and popular services is the RLA Help Desk, a professional advice line, accessible to all members via the RLA website and over the telephone from Monday to Friday (9.00am – 5.00pm).
The RLA Help Desk is viewed by many of our ... full story
BUILDING SOCIETY LAUNCHES BUY-TO-LET LENDING A building society has entered the buy-to-let mortgage market, whilst a bank has changed its buy-to-let lending criteria to allow loans to novice landlords.
Yorkshire Building Society has launched its first buy-to-let products through its Accord M... full story
1-IN-5 LONDON TENANTS FAIL REFERENCE CHECKS Rising numbers of tenants in London are failing to pass their reference checks because they do not met the salary requirements being demanded as rents soar.
Instead, they are having to use guarantors who do pass the checks or put down up to a year... full story
MORE MORTGAGE FINANCE BOOSTS LANDLORDS’ CONFIDENCE Better availability of mortgage finance is raising the expectations of landlords. Almost a quarter are feeling more optimistic about the prospects for their property portfolios, rental income and yields.
Over one in five landlords (22%) in the sec... full story
MORE PENSIONERS SELL UP … AND BECOME TENANTS More older people will be selling their properties in future to move into private rental accommodation in order to fund their old age, according to tenancy referencing firm HomeLet.
The firm has reported a rise of 16% in the number of people aged ... full story
GOVERNMENT REFUSES TO REGULATE LETTING AGENTS Despite being warned of a spate of crooked letting agents, the Government has said it does not believe that all letting agents should be made to have client money protection insurance and belong to an Ombudsman scheme.
Confirmation of the Governme... full story
