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LettingFocus

Unbiased buy to let, property investment and letting coaching, mentoring, advice and seminars for landlords from top selling property author and media commentator.

Government wants their big business pals to push private landlords out says Letting Focus

Both government and the opposition have separately announced plans for major reviews of housing provision and investment policy.
Housing minister Yvette Cooper announced that the Government will conduct a comprehensive strategic review of the private rented sector during 2008, which will be undertaken in conjunction with the Department for Communities and Local Government.
The full terms of reference for the review are to be announced in the New Year, but it looks like it will be similar to the Hills Review of social housing published earlier in the year.
The review will be led by Julie Rugg, an academic at York University, who will examine issues such as how renting can be made to help those who currently cannot afford to buy.
Rather scarily, the British Property Federation (BPF) said it would welcome the government removing some of the barriers that prohibit growth of commercial investment in the professional rented sector, while increasing the flexibility of affordable housing policy and standardising regulation.
The BPF has said that the stability of the market could be made much more certain if we “adopted the blueprint for a professional rented sector along the lines of those currently operating in Germany or the USA”

Big Business After Your Tenants
So what?
The word on the street is that the government would like to dole out tax breaks to the commercial property firms - think REITS - to get them investing in the private rented sector.
Well, private landlords ought to be worried about this because it means the government is keen to get the commercial sector involved in the buy to let market.
Basically, my view is that the state does not like private landlords and would like to see their pals in big business move into the sector to give it “more stability” and I would guess, to develop a long term lettings market.
Private landlords ought to be concerned at the risk of being squeezed out by the big boys। It’s already happening in many parts of the student market where the likes of Unite have a foothold. This could be a major threat.

ABOUT LETTINGFOCUS.COM and DAVID LAWRENSON
We are LettingFocus.com - the landlord experts and I’m David Lawrenson, the author of “Successful Property Letting” which is the UK’s top selling property book.
What’s unique about LettingFocus is that I offer independent unbiased
property networking seminars covering property investment and letting because unlike most people in the buy to let and property “advice” business I am not linked to a property company, developer, agent or bridging loan financier.
I can tell you where to buy (which areas), what type of property to buy, when to buy, how to buy property at low prices, how to make sure you get tenants who are going to pay the rent and how to manage the invetsment property to make money.
I have been a landlord and property investor for over 25 years.

LINKS to LANDLORDS PRODUCTS AND SERVICES
Find out about GREAT DEALS we have arranged for landlords by clicking here: Property Investors Resources and seeing our Affiliates page.
More products will be added over the coming months. If you sell landlords services and have a national coverage, please get in touch!
For SEMINARS click here: Property Seminars, Networking Evenings and Consulting
For the NEXT SEMINAR AND NETWORKING EVENT for Landlords and Property Investors click here:
Next Seminar Event
For ONE TO ONE CONSULTANCY help click here: Private One to One Consulting
For TESTIMONIALS from past customers click here: Testimonials
To BUY THE BOOK click here: Buy the Book at Amazon
For THE HOME PAGE OF THIS BLOG click here: Blog
For THE HOME PAGE OF OUR MAIN SITE click here: LettingFocus Home Page
For GREAT OFFERS on Products and Services for Landlords, click here: Landlords Resources
To JOIN our Free QUARTERLY NEWSLETTER simply send an email to [email protected] - Please note we WILL NOT send spam or sell our mailing list to advertisers!
Copyright of Blog: David Lawrenson 2009.
This blog is updated roughly once a week usually on a Monday or Tuesday.

WANT TO BE KEPT UPDATED WITH OUR LATEST BLOGS?
Over on the right hand side under all the previous blog entries you will see a button which says “Site Feed.” Simply copy the site feed link into your News Reader or News Aggregator.
Please note if you have a website & are thinking of reproducing material here - that’s fine but we DO require a link to the blog to be included, including also all the links in this section. The full article including all links must be available to ALL VIEWERS of your site and not restricted.
To view posts on related topics click on Categories.
WANT TO ADD A COMMENT?
To add a comment to this post, you just click on “link to this post” then simply add your comment.
To view past comments, again and rather oddly (we think), you’ll need to click “link to this post” and view the comments (which will appear at the bottom of the post.)

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Is the buy to let market dead. Answer – definitely not says Lawrenson of LettingFocus

As anyone who has come to hear me speak or has read my column will know all properties are not born equal.
We are seeing demand growing strongly for houses, while the oversupply of new-build properties means stalling or falling rents on flats.
The latest lettings survey from RICS shows that demand remains healthiest for family homes with 25% more surveyors reporting an increase in demand .
At the same time, the proportion of landlords opting to sell properties when tenants move out has risen from 6.1pc to 6.5pc in the past quarter, according to RICS – the highest level since January 2005.
Lots of experts will say this is a sign that higher house prices and falling rental yields are making it difficult for landlords to turn in a profit. It will also re-ignite concerns over the housing market.

Is Buy to Let Really Weak?
There are some experts who are warning the buy-to-let sector could be the weakest point in Britain’s property market, with some comparing it to the sub-prime sector in the US
My view is that the problems will be limited to those - mainly new landlords - who have bought flats in oversupplied areas from the less reputable property clubs.
Sure, there will be lots of individual stories of landlords hitting hard times, but savvy landllords will be delighted that the curent turn of events is giving them a great opportunity to buy property at below market value prices.
The auctions are busy with landlords snapping up cheap property and whispering to estate agents, “If you know someone who is really keen to sell, then talk to me.”

ABOUT LETTINGFOCUS.COM and DAVID LAWRENSON
We are LettingFocus.com - the property experts and I’m David Lawrenson, the author of “Successful Property Letting” - the UK’s top selling property book for the last 3 years.
What’s unique about LettingFocus is that I offer independent unbiased
property seminars covering property investment and letting because unlike most people in the buy to let and property “advice” business I am not linked to a property company, developer, agent or bridging loan financier.
I can tell you where to buy (which areas), what type of property to buy, when to buy, how to buy property at a low price, how to make sure you get tenants who are going to pay the rent and how to manage a rental property to make money.
I can also comment on “No Money Down” Schemes and “Buying Below Market Value” methods too.
I can answer most questions on letting property because I have been a landlord and property investor for over 25 years.

LINKS
Find out about GREAT DEALS we have arranged for landlords by clicking here: Services for Landlords and seeing our Landlords’ Affiliate page. If you sell products to landlords and property investors and you have national coverage, get in touch!
For SEMINARS click here: Property Seminars, Networking Evenings and Consulting
For the NEXT SEMINAR AND NETWORKING EVENT for Landlords and Property Investors click here: Next Seminar Event
For ONE TO ONE CONSULTANCY help click here: Private One to One Consulting
For TESTIMONIALS from past customers click here: Testimonials
To BUY THE BOOK click here: Buy the Book at Amazon
For THE HOME PAGE OF THIS BLOG click here: Blog
For THE HOME PAGE OF OUR MAIN SITE click here: LettingFocus Home Page
For GREAT OFFERS on Products and Services for Landlords, click here: Landlords Resources
To JOIN our Free QUARTERLY NEWSLETTER simply send an email to [email protected] - Please note we WILL NOT send spam or sell our mailing list to advertisers!
Copyright of Blog: David Lawrenson 2009.
This blog is updated roughly once a week usually on a Monday or Tuesday.

WANT TO BE KEPT UPDATED WITH OUR LATEST BLOGS?
Over on the right hand side under all the previous blog entries you will see a button which says “Site Feed.” Simply copy the site feed link into your News Reader or News Aggregator.
Please note if you have a website & are thinking of reproducing material here - that’s fine but we DO require a link to the blog to be included, including also all the links in this section. The full article including all links must be available to ALL VIEWERS of your site and not restricted.
To view posts on related topics select a “Category” at the bottom of this page.
WANT TO ADD A COMMENT?
To add a comment to this post, you just click on “link to this post” then simply add your comment.
To view past comments, again and rather oddly (we think), you’ll need to click “link to this post” and view the comments (which will appear at the bottom of the post.)

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How can I check my credit file by Lawrenson of LettingFocus?

Many people find they are turned down for mortgage appllciations or other credit and they don’t know the reasons why.
It could be that there is a mistake on their credit file. So, here’s what you have to do.
To get your credit file, all you have to do is contact one of the three main credit reference agencies - Experian, Equifax or Callcredit. By law they have to provide you with your report and the charge for it is currently two pounds.
With Experian and Equifax you can request a paper copy to be sent to you by applying on line - their sites are at http://www.experian.co.uk/ and http://www.equifax.co.uk/ With http://www.callcredit.co.uk/ there is a form at their site which you can print out and fill in along with a £2 cheque or postal order.

Why Have I Been Rejected?
If you’ve been rejected for a loan, it could be that you don’t match the customer profile for that product or that you already have too many credit accounts - even though you may be making all your repayments on time.
On the other hand, by not having taken out any credit in the past, you can negatively affect your credit rating – your lack of any payment or credit history can result is a low score. This is a particular problem for people who have not had a UK account or lived at a UK address for a long time.
If you are rejected for a mortgage, ask the lender why – and hold fire on making lots of other applications via other lenders as multiple “foot prints” on your file may damage your rating more.

Checking Your Credit File
When you have got the credit file, check that all details on your credit record are correct. It’s very rare, but it can happen that another person’s credit report may have been mixed up with yours. Even worse that that, you may be the victim of identity theft.
If things are wrong tell the the credit reference agency, who will talk to your lender and highlight the item as disputed. You may also be able to put a "notice of correction" explaining your current financial status – and the reason - which any future lender considering any further applications will see.
If you have had a joint account with someone who has a poor credit record, this will affect you, so if you no longer financially dependent or sharing a joint agreement, tell the agency and they should be able to disassociate you from that person.
Other things you can do are make sure you are registered on the electoral roll at your current address and make loan and card repayments on time.
Also, pay off any old debts including county court judgments and close dormant accounts because lenders look at what your available credit is, even if you are not using it.
If you need more advice on your credit file or buy to let mortgages in general please ask me.

ABOUT LETTINGFOCUS.COM and DAVID LAWRENSON
We are LettingFocus.com - the property experts and I’m David Lawrenson, the author of “Successful Property Letting” - the UK’s top selling property book for the last 3 years.
What’s unique about LettingFocus is that I offer independent property seminars and one to one mentoring covering all aspects of residential property investment and letting because unlike most people in the buy to let and property “advice” business I am not linked to a property company, developer, agent or bridging loan financier.
I can tell you where to buy (which areas), what type of property to buy, when to buy, how to buy property at a low price, how to make sure you get tenants who are going to pay the rent and how to manage a rental property to make money.
I can also comment on “No Money Down” Schemes and “Buying Below Market Value” methods too.
I can answer most questions on letting property because I have been a landlord and property investor for over 25 years.

LINKS
Find out about GREAT DEALS we have arranged for landlords by clicking here: Services for Landlords and seeing our Landlords’ Affiliate page. If you sell products to landlords and property investors and you have national coverage, get in touch!
For SEMINARS click here: Property Seminars, Networking Evenings and Consulting
For the NEXT SEMINAR AND NETWORKING EVENT for Landlords and Property Investors click here:
Next Seminar Event
For ONE TO ONE MENTORING help click here: Private One to One Consulting
For TESTIMONIALS from past customers click here: Testimonials
To BUY THE BOOK click here: Buy the Book at Amazon
For THE HOME PAGE OF THIS BLOG click here: Blog
For THE HOME PAGE OF OUR MAIN SITE click here: LettingFocus Home Page
For GREAT DEALS on Products and Services for Landlords, click here: Landlords Resources
To JOIN our Free QUARTERLY NEWSLETTER simply send an email to [email protected] - Please note we WILL NOT send spam or sell our mailing list to advertisers!
This blog is updated roughly once a week usually on a Monday or Tuesday.

WANT TO BE KEPT UPDATED WITH OUR LATEST BLOGS?
Simply copy the site feed link into your News Reader or News Aggregator.
Please note if you have a website & are thinking of reproducing material here - that’s fine but we DO require a link to the blog to be included, including also all the links in this section. The full article including all links must be available to ALL VIEWERS of your site and not restricted.
To view posts on related topics select a “Category” at the bottom of this page.
WANT TO ADD A COMMENT?
To add a comment to this post, you just click on “link to this post” then simply add your comment. To view past comments, again and rather oddly (we think), you’ll need to click “link to this post” and view the comments (which will appear at the bottom of the post.)
Copyright: David Lawrenson 2007. This blog is updated one a week. Permission must be sought before using the material in the blog.

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