A leading trade body has told Prime Minister Boris Johnson that some landlords face receiving no rent for two years. In a letter to Johnson, the National Residential Landlords Association accuses the government of expecting landlords to subsidise struggling renters and reward those who are wilfully refusing to pay their rent. It is also accused of causing continuing hardship to communities …
Time to ensure that your buy-to-let investment is effectively protected?
From Mark Burns, the Managing Director of property investment company Pure Investor If you’re a buy-to-let investor or thinking of becoming one, then you may have very mixed feelings about the current state of the housing market. On the one hand, demand is clearly still very strong. On the other hand, investors may be wary of operating in a politically-charged …
Picture of the week – Sleep well children…
Here we have a three bedroom terraced house in Wyndham Street East, Plymouth, on the market with a guide price of £108,000 through Bradleys and in need of some light restoration. The buyer will have a tough choice deciding which bits of the fine artworks should be retained. The skelton with umbrella beneath is clearly an ‘installation’, while the faux …
Lettings agents report ‘record-breaking month’ as demand and supply hit new highs for June
June was a record month for tenant demand and rental supply as the market got back to business, agents claim. The latest ARLA Propertymark Private Rented Sector report, based on a survey of 210 members, found there were 79 tenants registered on average per branch during June compared with 70 in May. The number of properties managed per branched reached …
Worries flagged up over agents mis-selling deposit replacement products. Is this the next PPI?
Suppliers themselves are admitting that there has been mis-selling by agents of tenancy deposit replacement products. One provider has revealed that it has dropped agents for mis-selling its product or pressurising tenants. It also asked for agents to be ‘grassed up’ where there are suspicions of mis-selling. Another supplier has claimed that there is a mis-selling of some insurance-based products, …
Three rogue lettings agencies expelled by The Property Ombudsman
Three lettings agencies have been expelled from TPO – in each case the agency failed to honour a payment as instructed by The Property Ombudsman. One is Let365co Ltd trading as 365 Residential; it owes a landlord £1,895 of a £3,800 award made by the Ombudsman. In this case, a landlord made a complaint in relation to shortcomings in service …