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Wednesday, July 01, 2015

£5.75 bn invested in student housing this year

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NALS annual conference

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Eltham landlord fined £19,720

Eltham landlord, Siteworth Ltd pleaded guilty to nine offences at Bexleyheath Magistrates’ Court on June 9th.

The charges were regarding a poorly maintained two storey Victorian detached property let out as eight bedsits.

The court heard evidence on the poor state of repair of the property - rotten window frames, mould and damp, no heating in the hallways and no hot water in four of the bedsits, some for as long as four years.

Timothy Knight, Siteworth's director had allegedly told tenants to "boil a kettle" when they had complained about not having hot water.

Siteworth Ltd have been fined  £19,720.

Newham is London's top hotspot

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Tuesday, June 30, 2015

Burnham to give powers to CPO slum landlords

Prospective Labour Party leader Andy Burnham is calling for local councils to be given the power to Compulsory Purchase slum landlords in an effort to regenerate towns or cities.

This is nothing new.  Councils already have substantial powers to CPO properties where it is in the public interest.  They also have significant powers under the Empty Homes Premium to charge penal rates of Council Tax.  Despite this a recent report by the BBC reports that many councils are not using this power, this includes many Labour Councils.

It appears yet again for a politician calling for more powers to act when the reality is that they are already there but remain unused.

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Monday, June 29, 2015

Saville Residential Property Focus 2015 – Issue 2

Savills have published their latest report on UK residential property.

The report is tag lined as helping to explain the ' complexities of the built environment is vital in this post-election climate.'