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Tories haemorrhage support after frequent attacks on buy to let

By |2019-05-20T10:03:15+00:00May 20th, 2019|Property News|

Only one in six private landlords say they would support the Conservatives in an election according to a new poll. Buy to let investors were once considered ‘safe’ Tory voters but the survey conducted by the National Landlords Association shows only 15.75 per cent of private landlords say they back the...

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Council says its own lettings agency ‘saves hundreds of thousands’

By |2019-05-20T10:03:16+00:00May 20th, 2019|Property News|

A council claims that its decision to set up its own lettings agency has prevented homelessness for almost 50 families and avoided £275,000 expenditure on emergency housing. Croydon’s Labour-controlled council set up Croydon Lettings last summer with the aim of creating longer-term tenancies in the private rented sector “by working more...

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National Approved Letting Scheme rebrands as safeagent

By |2019-05-20T10:03:19+00:00May 20th, 2019|Property News|

The National Approved Letting Scheme has rebranded as safeagent.  NALS has helped coordinate the safeagent campaign since 2011, focussing during that time on achieving mandatory Client Money Protection for all lettings and management agents.  A statement from NALS says that with that campaign successfully achieved, “it is time to … prepare the...

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Fees Ban: agents must prepare immediately, trade body urges

By |2019-05-20T10:03:18+00:00May 20th, 2019|Property News|

ARLA Propertymark is urging agents across England and Wales to ensure they have every preparation in place for the arrival of the Tenant Fees ban. In England it comes into place at the end of next week on June 1; in Wales a roughly similar measure takes effect from September 1. For...

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Seven new Hunters branches this year so far, with more to come

By |2019-05-20T10:03:17+00:00May 20th, 2019|Property News|

Hunters says it’s opened seven new branches this year so far - well ahead of the three it had launched at this point in 2018. It also says others are in the pipeline with announcements to be made in the near future. In a statement to shareholders at the firm’s Annual General...

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Almost four in ten landlords will consider selling up if Section 21 is axed

By |2019-05-20T10:03:20+00:00May 20th, 2019|Property News|

Nearly four in ten private landlords will consider selling up if the government scraps Section 21, shocking new statistics reveal.  According to a survey carried out by Landlord Action, 38% of buy-to-let landlords will consider offloading properties if the government axes Section 21 repossessions – so-called ‘no fault’ evictions. A further...

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The Tories have lost the trust of BTL landlords

By |2019-05-20T10:03:21+00:00May 20th, 2019|Property News|

With less than a week until the European elections take place, a new poll conducted by the National Landlords Association (NLA) suggests that private landlords have lost faith in the Conservative party, with just one in six - 15.75% - now saying they would support them in a general election. The...

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BTL landlord ordered to pay £1,600 for leaving tenants in ‘cold and scruffy’ flat

By |2019-05-20T10:03:23+00:00May 20th, 2019|Property News|

A buy-to-let landlord in Nottingham has been ordered to pay just over £1,600 for allowing five tenants to live in what has been described as a ‘cold and scruffy’ flat on Mansfield Road, NG1, which was in defiance of a council order. Aside from a lack of heating, the tenants were...

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The National Approved Letting Scheme (NALS) rebrands as safeagent

By |2019-05-20T10:03:22+00:00May 20th, 2019|Property News|

When it comes to letting a property, it is important that landlords and renters have faith in their agent.   To many renters, transparency means fairness. The more open and honest an agent is, the less likely they are to waste the time of clients.   But while most agents do a good job...

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Coventry for Intermediaries expands buy-to-let criteria

By |2019-05-20T10:03:22+00:00May 20th, 2019|Property News|

Coventry for Intermediaries has enhanced the number of buy-to-let mortgages permitted with the group from three to five, doubled the maximum aggregate loan limit allowed on all rental properties from £1m to £2m, increased the maximum loan amount at 50% to 75% loan-to-value (LTV) from £500,000 to £750,000, while also...

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