Landlords Networking Plus Why Valuers and Their Lenders Got a Kicking in The Courts
Just a quick note to make sure to book in to come to our Landlords Evening Meeting on 23rd November in London.
These informal meetings take place just once a year now (sorry but the pressure of my consulting work with organisations, especially in the public sector following on from the Housing Benefit changes means I no longer have the time to put more meetings on for landlords or to run them outside London. This one may be the last for some time.)
Our evening meetings are very informal, non salesy and and are held downstairs in a pub in the City. We only have space for about 30 people.
At the meeting on 23rd November, we will be looking at all kinds of issues, but will be focusing especially on what the changes to the Housing Benefit (Local Housing Allowance) system mean for ALL landlords, including those who don’t even let to tenants on Local Housing Allowance.
NEXT SEMINAR AND NETWORKING EVENT for Landlords and Property Investors – click here: Next Property Investment Seminar and Networking Event
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If you want to come, please email me: [email protected] and tell us yuor name. We will reserve a place.
The cost is just £30 for pre-bookers (or £35 on the day).
Valuers Have Been Ticked Off
No time for a full blog post today but you may be interested in the story which was in the press a few weeks ago where, against all odds, a “property investor” has won a case against a valuer for a wrong valuation of a property.
In a nutshell, it looks like valuers can now be made liable to the purchasers of buy to let if they made a duff valuation.
I fully agree that they should too, because many novices bought property (especially new build flats) because they were naïve enough to trust to “Get Rich Quick in Property Advisors” and should have been saved from their folly by correct valuations being placed on the flats or houses they were buying.
They weren’t and as such they were let down.
Someone has to be responsible for this mess – the valuers or the lenders.
It’s just “not on” in my opinion for the mortgage lenders to say, “Oh well, they (buy to let investors) were professionals so caveat emptor…”.
Patently, after all the property scams we have seen and continue to see, some of the “investors” were about as “professional” as a lump of cheese and need to be be protected from themselves by professional valuers.
Here is a link to the story:
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I’m David Lawrenson, a landlord and property investor myself for over 25 years and author of “Successful Property Letting” – the UK’s top selling commercially published property book for the last 3 years. 25,000 copies sold.
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