NALS wants Competition and Market Authority to look at agents’ fees

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The National Approved Lettings Scheme says it wants the Competition and Markets Authority to step into the debate over lettings fees A statement from NALS yesterday evening said that the CMA’s report into competition in the provision of conveyancing – as reported on Estate Agent Today recently – commented on that industry’s alleged lack of transparency on price, quality and …

Deterring Buy-To-Let Investment Will Harm Tenants More Than Landlords

Buy to Let

  Measures which discourage investment in the private rented sector in the face of population growth and low housing supply can only push up rents and harm tenants more than landlords, a new report from the Intermediary Mortgage Lenders Association (IMLA) warns. The report – Segmenting the UK mortgage market – examines the key issues facing the main segments that …

Landlords – this little mistake could cost you your home!

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From Cliff D’Arcy “There’s an old expression among landlords: “Better an empty house than a bad tenant.” In other words, it’s preferable to have a few months of voids (when no rent is coming in) than to install a problematic tenant into your property. Around 20 years ago, a friend of mine found out this valuable lesson the hard way. …

Yorkshire rolls out its buy-to-let range nationwide

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Yorkshire Building Society is to roll out its buy-to-let mortgages from today across the whole of England and Wales, after relaxing its criteria.The lender entered the buy-to-let market last August through its intermediary subsidiary, Accord Mortgages, but only in London and the South-East. Changes to its criteria include dropping the minimum required property value from £150,000 to £100,000 and reducing …

Property rental market softening, says ARLA

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An easing in the demand for rental property and a rise in the numbers of tenants struggling to meet their monthly rent payments signals that the rental market may be softening, new research suggests. According to the Association of Residential Letting Agents’ (ARLA)latest research, in Q4 2011 just over half (55%) of ARLA members reported more tenants than properties available. …

Landlords opt for rent rises as tenant demand grows

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Growing demand for rental property among tenants is driving many landlords to implement rent rises, according to figures from the Royal Institution of Chartered Surveyors (RICS). In its April 2011 UK Residential Lettings Survey, the organisation reports a net balance of 42 per cent of surveyors who saw rents rise in the quarter up to and including the month of …

Landlords are responsible for plasterwork says Court of Appeal

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Landlords are legally responsible for the upkeep of the plaster of a rental property as well as the walls, reports the New Law Journal. It follows a Court of Appeal hearing after a tenant brought a disrepair claim against the landlord, complaining of damp and mould on the walls. However, the landlord disputed liability. The recent ‘Grand v Gill’ case …

Rising rents and falling house prices are creating opportunities, but should you join buy-to-let set? By Lauren Thompson

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Buy-to-let investments are enjoying a mini boom. Rents are rising because many young people can’t afford to buy. But should investors be piling in when house prices are falling and interest rates are set to rise? Here, Lauren Thompson explains everything a buy-to-let landlord needs to know… SHOULD I BECOME A LANDLORD? Buy-to-let involves buying a property and letting it …