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Launched just a year ago, Shawbrook Bank, is offering buy-to-let landlords a range of short-term loans. These include a loan for investors looking to buy, refurbish or release equity from the after-works value of a property, and short-term loans for acquisition, such as at auction. The bank also offers a short-term loan for light refurbishment.… Continue Reading
Category Archives: News
Norwich Landlord Ordered to pay £53,500
A Norwich landlord has been ordered to pay £53,500 after being prosecuted by Norwich City Council for putting his tenants at risk. Joseph Howman from Grosvenor Road in Norwich pleaded guilty to nine offences and was deemed not to meet the standards required of a landlord. Norwich Magistrates Court heard how Howman’s house on Unthank… Continue Reading
Clegg to Oppose Age Limit on Housing Benefit
The deputy prime minister, Nick Clegg, speaking on BBC Radio 5 on Friday, was asked whether he agreed with proposals from senior Conservatives to restrict housing benefit for people under 25 years of age. When asked whether he supported a ban on under 25’s receiving housing benefit, he said: “A complete blanket ban on providing… Continue Reading
Inflation Figures Could Mean Lower Rent Increases for Social Housing Tenants
Housing association and council tenants may receive rent increases of no more than 3.1 % (not including up to £2 a week extra that some tenants could pay under rent convergence rules) following the inflation figures announced this morning by the Treasury. The retail price index, one of the key measures for economic growth, fell in September to 2.6… Continue Reading
Rents Continue to Rise as Demand Remains Strong
The latest report from Buy to Let Mortgages has revealed that gross yields from rental properties continues to rise as demand for properties remains strong. Gross yields have increased across all types of buy to let properties in the last quarter (except for semi-commercial, eg flats above shops). Across the last 4 quarters, multi-unit freehold… Continue Reading
The DPS Launch a new Insurance Backed Scheme
The Deposit Protection Service (DPS) has been granted approval by the UK government to run an insurance-based deposit protection scheme in England and Wales. The new scheme will run alongside the DPS’s existing custodial scheme. The DPS currently operates the only custodial based deposit protection scheme in England and Wales and will be the only… Continue Reading
Newham Borough Council Introduce Landlord Licences
Landlords with rental properties in the London borough of Newham must license all their properties in the borough by January 1st. Approximately one in three households in Newham borough, an estimated 35,000, are rental properties. Newham Council is charging £150 for applications made before the end of this year. After this time, the fee for… Continue Reading
Record Fine for Landlord Without Planning Consent
Private landlord, Salah Ali, 52, of Wembley, has been fined a record £1.4m after converting a house in Willesden Lane, north-west London, into 12 flats without planning permission. If he does not pay within 6 months, Ali has been warned that he could face a jail sentence of up to 10 years. A judge at… Continue Reading
A Great Time for Landlords as Rents Hit a High and Arrears Drop
It’s great news for landlords as rents in England and Wales rise for a fifth consecutive month in August. The average rent rise was by 1.2%, meaning rents have reached a new high of £734 pcm. In the same month, tenant arrears fell for the first time in three months, according to LSL Property Services… Continue Reading
Customer Reviews
If you are trying to decide which online letting agent to use, look no further! Our customer reviews not only tell you what our customers think of us, but tell us about our strengths and weaknesses. We use this information to grow and be the best we can be, offering both our landlords and tenants… Continue Reading