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Monday, November 19, 2018

Downsizing versus equity release

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Accord increases BTL cashback offer

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Extent of landlord exodus to Ltd Co's

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Rightmove's latest House Price Index

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Landlord will take 9 years to pay off fines

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Asking price falls due to Brexit uncertainty - Rightmove

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Saturday, November 17, 2018

Pros and cons of new 'Housing Courts'

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Increase in new homes delivered MHCLG





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Tenants care about staying in properties after change of ownership

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Scotland house prices see gradual pick up

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Thursday, November 15, 2018

How Rent Repayment Orders work

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DWP updates list of Universal Credit areas

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Replacement or Repair: tenancy deposit adjudication

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Gov. proposals for new 'Housing Courts'

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Latest ONS rental data

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BBC report raises landlords fears about Universal Credit

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More on London property price falls

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Wednesday, November 14, 2018

Latest ONS House Price Index published

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Gov. plans for new Housing Courts

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Fears of a Brexit property crash

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Tuesday, November 13, 2018

The cost of electric underfloor heating

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Section 8 needs urgent review

The National Landlords Association (NLA) is calling for the Government to review the section 8 possession process as the Ministry for Housing, Communities and Local Government announces their call for evidence to consider the case for a Housing Court.

The section 8 possession process requires landlords to seek a court order to gain possession of their property where the tenant has breached the terms of their tenancy agreement. However, tenants can challenge the possession claim and remain in the property.

For the successful possession claims, there is an average period of 18 weeks between claims and repossessions¹, which can cost up to £355 per claim² in court fees alone. The landlord also has to cover legal costs and may face losses when tenants are in arrears and stop paying rent. The NLA’s latest survey of landlords shows that it can take an average of 145 days to regain possession of a property at a cost of £5,730³.

Rent arrears is the most common reason for a landlord to file a section 8 possession claim. The NLA’s landlords panel found that 36 percent of landlords experienced rent arrears and 15 percent have sought to regain possession in the last year³.

The alternative to section 8 is section 21, where no reason is needed and gives tenants two months’ notice. However, this can only be used after a fixed-term tenancy ends or during a periodic tenancy. Landlords often serve both notices simultaneously as it provides greater certainty of vacant possession. This can be vital when a landlord needs to sell the property or move in themselves.

Richard Lambert, CEO of the NLA, says:

“As it stands, the system is failing and needs urgent reform. Landlords are forced to rely on section 21 ‘no fault’ notices, even when there is a breach in tenancy. This is essentially a sticking plaster covering the fundamental issue – that the section 8 process is no longer fit for purpose.

“While the majority of tenancies are ended by the tenant, landlords need to be confident they can regain possession of their properties efficiently in the event of a breach of tenancy to effectively manage their business risk.”

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There are two ways to get squatters out

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North-South price divide to narrow by 2013

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Demand for co-working space to increase

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Universal Credit will cost more than the system it replaces

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Property trust prepares for downturn

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Monday, November 12, 2018

Real rents fall when set against inflation

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Birmingham Council want to hear views

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House prices rebound in October - YourMove

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Down-valuations mount for property platform investors

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Universal credit: doubling rent arrears

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Landlords warned of 2019 rate rises

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Tel: 029 2069 5446

Real rents have fallen over the decade - Hamptons

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Virgin ups max BTL lending age to 85

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5 of the best home renovation blogs

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Colchester tops LendInvest BTL index

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Prefabs make a stylish return

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The cost of renting in seven charts

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Lettings fees ban could wipe out profits

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Thursday, November 08, 2018

Wage increases outpacing rental growth

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Marsden launches expat BTL

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Tel: 029 2069 5446

UK property market at its weakest for 6 years

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Homelet's latest PRS rental index

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Online property adverts refusing tenant on benefits

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Is renting cheaper in the next street?

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1 in 10 rental properties advertised unlawfully

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Second home tax to be reviewed

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Concerns over Leeds landlord licensing scheme

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Councils get £2m to tackle rogue landlords

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Wednesday, November 07, 2018

Landlords to fork out up to £3.5k on energy efficiency upgrades

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Pockets of value property in London

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RLA threatens council with judicial review

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Date set for 18-21 housing benefit ban reversal

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Halifax House Price Index - growth at 1.5%

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Tuesday, November 06, 2018

Landlord handed £21k health and safety fine

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Reform stamp duty to get the market moving

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'More careful planning' needed for UC roll out

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RLA responce to Gov over energy performance improvements

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Expert house price predictions - Which

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Fiducium cuts bridging loans rate to 0.6% per month

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200,000 landlords to face £1,200 upgrade bill

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Are complaining tenants more likely to be served Section 21?

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Monday, November 05, 2018

Do I need to pay more stamp duty on a home because I also own a flat?

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Paragon expands BTL lending: expats and holiday lets

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ARLA report a rise in rent hikes

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More Gov regs to force landlords to improve energy efficiency

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Northern house prices to rise faster than London's

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High Court shuts down £20m property scam

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Is a 'let only' agent responsible for HMO licensing?

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What is a land value tax?

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Atom starts lending on BTL landlord portfolios

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Saturday, November 03, 2018

Home registrations hits decade high

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London house prices down in most areas

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Thursday, November 01, 2018

ONS: UK population growth; 73m by 2041

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Nationwide: house price growth at 5 year low

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