Buy to Let Mortgages and Tenants on Benefits

Some mortgage lenders still don’t let landlords who have mortgage loans with them to let their properties to tenants who are on benefits. Many private landlords are reluctant to let to tenants who are dependent on housing benefits, preferring tenants who do not have to rely on the state for any assistance. There are a number of reasons why: 1. […]

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Single Room Rate Changes and HMOs Houses in Multiple Occupation

The thirst from “property investors” for supposedly great returns from houses in multi occupation will make for a harder job for town halls housing departments. Often the returns from HMOs are illusory says David Lawrenson of www.LettingFocus.com Every day at the town halls, junior front-line housing staffers spend a lot of their time dealing with single adults who “present” as […]

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The Private Rented Sector and Some Key Issues for Government

I was quoted extensively at the Guardian Housing Network blog last week and I think it is worth highlighting the key points I made. Why the PRS is in the News 1. The private rented sector (PRS) is increasingly in the news and will remain so, partly because of its growing size and partly because of rising rent levels, which […]

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London Living Rent, Landlord Accreditation and Ken and Boris

David Lawrenson of LettingFocus worries about Ken Livingston’s idea of rent controls and says that that accreditation and registration schemes for landlords are not needed because the vast majority of landlord and tenants enjoy good relations and the minority of rogue landlords will never register anyway. Oh dear, oh dear, I spend a nice day at a CIH Conference telling […]

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The Private Rented Sector Will Not Entertain Void Periods and Local Authorities and Housing Associations Need to Understand This

Letting agents, local authorities and housing associations must start to understand that private landlords want to let fast and won’t entertain void periods. Many council and housing association schemes with private landlords fail to meet this need. All smart landlords (and smart letting agents who know their business) know that minimisation of the “void period” is critical to success in […]

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Universal Credit the Private Rented Sector and a Sense of Groundhog Day

Summary: The government’s plan to normally pay the Local Housing Allowance part of the planned Universal Credit to tenants (not to landlords) reminds us of the film “Groundhog Day”.  Haven’t we been here before and did we not learn from what happened last time? The Universal Credit was first announced at the Conservative Party Conference in 2010, though the idea […]

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Do Private Rented Sector Rents Follow LHA Rates

An interesting new report from the Chartered Institute of Housing (CIH) and the British Property Federation (BPF) disputes claims from some in government that past rises in the housing benefit bill were caused by landlords increasing rents in order to take advantage of pre-determined benefit levels. The report is called “Leading the Market” and it concluded that a more likely […]

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