A good example of the pressures on landlords has been the relatively recent 2015 case of Edwards v Kumarasamy. This seemed to reverse all normal landlord understandings of their legal repairing obligations where the property they were letting was a flat in a block management situation, where a management company charges a fee, you as… Continue reading Common sense prevails – a wrong righted
Category: Buy to Let
Tenant Tips… An occasional Series #1
The whole world of renting is constantly in flux, with many legislative and regulatory changes. So we at Northwood Leicester will try to offer all the advice and help we can on renting in Leicester….starting with this helpful little challenge picked up from Rightmove – take a look here We often get to help tenants… Continue reading Tenant Tips… An occasional Series #1
First-time buyers outnumber buy-to-let buyers three to one
Some interesting stats today about the truth of the debate – do buy-to-let landlords compete with an unfair advantage and are they pricing first-time buyers out of the market? Figures show that last year first-time buyers (FTB’s) accounted for £46.7 bn of mortgages for purchases, while only £15.6bn of purchase funds were used for buy-to-let… Continue reading First-time buyers outnumber buy-to-let buyers three to one
Landlords and Tenants Unite!
An impassioned and powerful letter and post on the Property 118 website, from Rachel Hodge, a landlord with a typical small portfolio of two properties, who spells out in terrific detail the impacts of clause 24 not only on her … but of course on her two families of tenants too. http://www.property118.com/clause-24-open-letter-grant-schapps/83823/ I recommend following… Continue reading Landlords and Tenants Unite!
Right to Rent – Important Landlord advice
From today, 1st February 2016, the new rules relating to operating a Right to Rent Check come into force, and the government, in its wisdom, is making failure to adhere to the regime an offence punishable by a stiff fine (there is talk of it being criminalised). Whether landlords think this is reasonable, to have… Continue reading Right to Rent – Important Landlord advice
The La-La Land of the Letting Agent
I must comment on the way managing the rental of a property can sometimes have a certain, what, unreality about it? A tenant had to be evicted from a property this week; this was a sad end to a troublesome experience, where a lady with a large family of kids, living without her husband who… Continue reading The La-La Land of the Letting Agent
How Renting in Leicester differs from London – a different world
A highly unusual point of view expressed about the lettings game from a letting agent in London: Marc von Grundherr, lettings director of Benham & Reeves Residential Lettings, said: “George Osborne has done more for the rental market than any other Chancellor in history”. His reasoning is that with the average purchase price of a… Continue reading How Renting in Leicester differs from London – a different world
Question: how does increasing tax on landlords help tenants? (Answer: it doesn’t)
Honestly, some very odd comments on the ways the tax changes will impact on landlords: here’s a prize from the Office for Budget Responsibility, the body that monitors Treasury activities and ensures feasibility of tax policy in economic terms: “It is expected that 1 in 5 individual landlords will receive less relief as a result… Continue reading Question: how does increasing tax on landlords help tenants? (Answer: it doesn’t)
Alice in Wonderland tax facing a legal challenge
A call for £50,000 of funding for a legal challenge to the Chancellor’s tax grab on landlords on Boxing Day was successfully reached by the end of the Christmas/New Year break. Steve Bolton, who runs a buy-to-let training franchise company, had commented: “It’s not clear why the Government has chosen to just launch an attack… Continue reading Alice in Wonderland tax facing a legal challenge
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