Private Rented Sector Buy to Let Consultants
It seems the media are finally having a proper and mature debate about immigration – even the BBC is now doing it, without fearing that by even questioning the extent of immigration the dear BEEB could themselves be labelled as racist. It has taken many years for all in the media to have a sensible debate about this big issue, […]
Read moreDavid Lawrenson of www.LettingFocus.com says that among the mandarins at the DWP, the penny may be finally dropping about Universal Credit Housing Benefit payments. Here, he proposes a more sensible alternative. It’s Groundhog Day all over again. You may remember the famous film starring Bill Murray about a TV weatherman who was forced to relive a single day until he […]
Read moreDavid Lawrenson of www.LettingFocus.com observes the latest mortgage lender U turn on allowing landlords to let to housing benefit tenants, but says that rather than a “blanket” approach of either allowing or not allowing landlords to do this, a better way would be if lenders “selectively” allowed it – with the decision linked to other variables such as landlord experience […]
Read moreDavid Lawrenson of Private Rented Sector Consultants LettingFocus.com looks at why some mortgage lenders don’t want to allow landlords to let to tenants who are dependent on housing benefit to pay their rent. Last week, at this blog, I looked at Nationwide’s new policy (for the Mortgage Works) to not allow landlords taking out mortgages or remortgages with them to […]
Read moreDavid Lawrenson of www.LettingFocus.com explains the “work arounds” and the sleights of hand involved in the latest changes in Local Housing Allowance funding. The government has just voted to cap rises in several benefits, including local housing allowance (LHA) base rates, at the lower of 1% or the 30th percentile of local rents – which means that in practice, in […]
Read moreIf you have read my recent posts and seen me quoted on the net, you will know that I recently published a blog highlighting that some lenders, (including a state owned bank), still have in place restrictions, within their buy to let mortgage terms and conditions, which prohibit private landlords letting to tenants who are on housing benefit (or “DWP” […]
Read moreLocal authority schemes to attract private landlords to let to people with few housing options often fail. Here at LettingFocus, we explain why. I was invited to speak at the Chartered Institute of Housing (CIH) Homelessness conference in Nottingham last week. This is a big national event to which around 140 local authority and housing association staff from all around […]
Read moreSome 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. […]
Read moreThe 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 […]
Read moreI 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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