Private Rented Sector Buy to Let Consultants
Tenancy 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 […]
Read moreLetting Relief for Landlords Looks Set to be Scrapped Lettings relief for buy to let landlords looks set to be abolished says David Lawrenson of LettingFocus.com. This is a shame because we had all expected that maybe in the budget Mr Hammond might do something nice for buy to let, like cutting capital gains taxes for landlords who let to […]
Read moreCapital Gains Tax Reduction for Landlords Selling to Tenants Chancellor Philip Hammond is said to be considering handing a capital gains tax break to landlords who sell their buy-to-let properties to long-term tenants in his budget this month. The proposals were put forward by “Onward”, (the rather silly-named Conservative think tank). The idea is that landlords could be made exempt […]
Read moreUniversal Credit Not Working ALMOST two-thirds of private landlords with tenants receiving Universal Credit have experienced them going into rent arrears according to new research by the Residential landlords association, says David Lawrenson of LettingFocus.com Based on responses from over 2,200 landlords, the Residential Landlord Association has found that 61 per cent of landlords with tenants on Universal Credit have experienced […]
Read moreDavid Lawrenson of www.LettingFocus.com looks at property gurus and wonders what makes them tick. On Property Gurus What is with these property gurus, I often wonder? And why are they not more like me? In order to find out, I have read a bit about other property gurus in the last couple of months. I thought it would be worth […]
Read moreNew Railway Stations and Rail Lines New rail stations and new rail lines always have a big impact on house prices and rent levels, so it’s worth keeping up to date on what’s coming down the line, says David Lawrenson of www.LettingFocus.com. A while ago, I wrote about how Chris Grayling the Transport Minister said he was looking at which […]
Read moreHMO Licensing Rules Extended From October 2018, the scope of mandatory licensing in England will be extended, which means an estimated 177,000 properties will need to be licensed for the first time, says David Lawrenson of www.LettingFocus.com. From October 2018, the government is extending the scope of mandatory HMO licensing rules in England. (See below for the differences in the […]
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