Private Rented Sector Buy to Let Consultants
It is high time that overseas buyers paid more Stamp Duty Land Tax (SDLT) and Council Tax when they buy and own UK property says David Lawrenson of www.LettingFocus.com. The additional rate for SDLT should be at least 3 per cent, the same as UK landlords and second home buyers already pay. These extra taxes would likely have little impact […]
Read moreTHE High Court has ruled that the Government’s Right to Rent scheme breaches human rights law. Under the Right to Rent landlords are responsible for checking the immigration status of their tenants with the prospect of prosecution if they know or have “reasonable cause to believe” that the property they are letting is occupied by someone who does not have […]
Read moreHow to Check and Carry Out Referencing on Potential Tenants In this article I am going to explain the whole process of how I go about dealing with tenant enquiries for our properties. I’m going to cover the first part of the tenant check and referencing process. I use an online letting agent for getting our adverts onto the portals. It is […]
Read moreIn this blog post, I look at “Seasonality in the Private Rented Sector”. Plus, I look at one example of “Clueless Institutional Investment in Private Renting” Seasonality in the Private Rented Sector Does the time of year affect the rental income you can achieve and the speed of letting? Oh yes it can! I first wrote about this in the very first […]
Read moreEnd of Tenancy Cleaning – Part 2 Some months ago I wrote a blog about end of tenancy cleaning which generated a lot of interest. The link to that article is at the bottom of this post. We have found that providing we give our own patent “End of Tenancy Cleaning” list to our tenants and make sure that they, […]
Read moreOne Rule for Overseas Investors One Rule for Buy to Let Landlords David Lawrenson of www.LettingFocus.com highlights the double standards that apply in housing which encourage rich foreign buyers and big corporations whilst hurting the small buy to let landlords. It seems there is one rule for overseas investors and big players but different rules for buy to let investors. […]
Read moreTenancy Deposits to be Limited to 5 Weeks The government has done a U-turn on the decision to cap tenancy deposits at 6 weeks rent. Now, for rents under £50,000 a year, they will be reduced to just 5 weeks rent, when the long delayed Tenant Fees Bill becomes the law, says David Lawrenson of www.LettingFocus.com. (If the annual rent […]
Read moreGetting Vendors to Sell Their House to You – Exchange with Delayed Completion There are some basic things that we always do, that always work says David Lawrenson of www.LettingFocus.com. We always look at how we can solve a house seller’s problem. And this involves trying to put oneself in their shoes. One of the simplest ways involves buying a house […]
Read moreWill House Prices Keep Rising? A very interesting article appeared in a recent edition of the “Financial Times” says David Lawrenson of LettingFocus.com. In the article, Merryn Somerset Webb asked, “Will house prices will ever rise again?” A fair question. Her view was that it was nearly impossible to answer this question if you do not have a good understanding […]
Read moreTenants Rental Payment and Credit Scores One of the big complaints of tenants is that their credit score is not improved by all the rental payments they make says David Lawrenson of www.LettingFocus.com. However, this is about to change. Both private renters and social housing tenants can now opt in to the new, free “Rental Exchange Initiative” which will record […]
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