The Council of Mortgage Lenders has supported the view of Landlord Assist that there should not be further regulation of the private rented sector.
Graham Kinnear, MD of Landlord Assist, the nationwide tenant eviction and rent recovery firm has long been stating that further regulation would deter landlords from entering the Buy To Let market and would, as a result, reduce the amount of choice to tenants and increase pressure on the public sector who have a dwindling stock of property.
The Council of Mortgage lenders has hit out at Treasury Plans arguing that buy to let regulation will not lead to consumer protection.
The CML believes that regulation could further damage buy to let lending which has shrunk substantially over the last two years at a time when the government is supposed to be promoting investment opportunities in the private rental sector.
Michael Coogan director General at the CML states "As far as buy to let is concerned, the regulatory proposals are barking up the wrong tree – for amateur property investors, poor investment advice is the issue not the mortgage"
Landlord Assist are determined that the private rented sector is appropriately represented by the government. The private rental sector is a very important part of the economy and one which should be encouraged.
Landlord Assist provide free, no obligation advice to landlords and letting agents throughout England and Wales. They can be contacted on 08707 662288 or via their website www.landlordassist.co.uk
Monday, 15 February 2010
Tuesday, 9 February 2010
Leave landlords alone!
Landlord Assist the tenant eviction and rent recovery firm continue to be irritated by the suggestions that landlords should be further regulated. Graham Kinnear, MD of nationwide Landlord Assist explains "In recent years landlords have had to get used to Energy Performance Certificates, Deposit Administration and the new legislation of the 2004 Housing Act. In addition to this changes in Fire Regulations, Legislation relating to Houses in Multiple Occupation and the HHRS system have meant that landlords costs and administration has increased significantly"
Stephen Parry, Commercial Director of Landlord Assist agrees "Without doubt there is sufficient legislation in place to police the private rented sector and to ensure that the quality of landlords and their properties is of an adequate standard. Due to restricted supply in the public sector the private rented sector is an important part of the economy and we cannot believe that the government do not appear to be supportive of private landlords"
It is the view of many that by encouraging the buy to let sector that the rest of the housing market could return to some normality. That would be to the advantage of everyone.
Landlord Assists views are echoed by David Salusbury of the National Landlords Association who states that "it is councils, rather than extra regulations which are likely to tackle rogue property owners effectively."
Landlord Assist also object to suggestions that a bad landlord register be set up. Indeed if such a scheme is set up then Landlord Assist have pledged to form a bad tenant register in response.
Landlord Assist continue to provide free, no obligation, advice to Landlords and Letting Agents throughout England and Wales and can be contacted on 08707 662288 or via their website www.landlordassist.co.uk
Stephen Parry, Commercial Director of Landlord Assist agrees "Without doubt there is sufficient legislation in place to police the private rented sector and to ensure that the quality of landlords and their properties is of an adequate standard. Due to restricted supply in the public sector the private rented sector is an important part of the economy and we cannot believe that the government do not appear to be supportive of private landlords"
It is the view of many that by encouraging the buy to let sector that the rest of the housing market could return to some normality. That would be to the advantage of everyone.
Landlord Assists views are echoed by David Salusbury of the National Landlords Association who states that "it is councils, rather than extra regulations which are likely to tackle rogue property owners effectively."
Landlord Assist also object to suggestions that a bad landlord register be set up. Indeed if such a scheme is set up then Landlord Assist have pledged to form a bad tenant register in response.
Landlord Assist continue to provide free, no obligation, advice to Landlords and Letting Agents throughout England and Wales and can be contacted on 08707 662288 or via their website www.landlordassist.co.uk
Thursday, 4 February 2010
Government Proposals
John Healey the Housing Minister is planning to introduce new measures which will increase the governments role in the buy to let sector. It is reported that the government wish to set up a special telephone hotline aimed at dealing with complaints or providing advice.
Graham Kinnear, MD of Landlord Assist is unconvinced of the merit of such a scheme "Telephone Helplines were introduced by the government for other issues and were not a success. Will those answering the phones be suitably qualified in landlord and tenant law and will they carry appropriate liability insurance for the advice they offer?
Furthermore there are third parties such as Shelter and the Citizens Advice Bureau who already offer assistance to tenants"
In addition it is mooted that a bad landlords register be introduced. Again Landlord Assist are sceptical "This would need to be policed properly to ensure that inaccurate or malicious content would not be displayed." Says Kinnear.
Landlord Assist conclude by offering the government their own suggestion "If there is to be a bad landlord register then Landlord Assist will request that they are permitted by the government to introduce a register of bad tenants which could feature tenants who have not paid rent, damaged property, sublet without permission plus an assortment of other breaches of tenancy."
Landlord Assist provide free, no obligation advice to landlords and letting agents on all landlord and tenant matters and can be contacted on 08707 662288 or via their website www.landlordassist.co.uk
Graham Kinnear, MD of Landlord Assist is unconvinced of the merit of such a scheme "Telephone Helplines were introduced by the government for other issues and were not a success. Will those answering the phones be suitably qualified in landlord and tenant law and will they carry appropriate liability insurance for the advice they offer?
Furthermore there are third parties such as Shelter and the Citizens Advice Bureau who already offer assistance to tenants"
In addition it is mooted that a bad landlords register be introduced. Again Landlord Assist are sceptical "This would need to be policed properly to ensure that inaccurate or malicious content would not be displayed." Says Kinnear.
Landlord Assist conclude by offering the government their own suggestion "If there is to be a bad landlord register then Landlord Assist will request that they are permitted by the government to introduce a register of bad tenants which could feature tenants who have not paid rent, damaged property, sublet without permission plus an assortment of other breaches of tenancy."
Landlord Assist provide free, no obligation advice to landlords and letting agents on all landlord and tenant matters and can be contacted on 08707 662288 or via their website www.landlordassist.co.uk
Tenant Evictions are reducing???
The number of tenant evictions in the private residential rental sector has declined by 11 percent over the last twelve months according to statistics released earlier this week. Whilst 56,700 evictions were initiated by landlords in 2008 this figure dropped to 50,450 by the end of 2009.
The statistics have been met by nationwide eviction firm Landlord Assist. Graham Kinnear, MD of Landlord Assist explains "We are baffled by these latest figures as it is our firm understanding that the level of evictions has risen. Our caseload increased significantly throughout 2009 and we struggle to believe this is purely as a result of our increased market share in the sector. Furthermore there is also evidence that rental arrears have actually been growing in the UK with a survey published suggesting that 45% of landlords have struggled to get payments from their tenants"
Stephen Parry, Commercial Director at Landlord Assist is equally as baffled "Whilst some may argue that landlords are showing leniency to their tenants and offering payment alternatives to those struggling to avoid a potential void this is not our experience. We are seeing landlords more keen than ever to procure the rent or evict the tenant. In most cases they have a mortgage to sustain and a finite reserve of spare money"
Landlord Assist, despite the statistics are very busy and continue to offer free, no obligation advice to landlords and letting agents on all landlord and tenant matters. They can be contacted on 08707 662288 or via their website www.landlordassist.co.uk
The statistics have been met by nationwide eviction firm Landlord Assist. Graham Kinnear, MD of Landlord Assist explains "We are baffled by these latest figures as it is our firm understanding that the level of evictions has risen. Our caseload increased significantly throughout 2009 and we struggle to believe this is purely as a result of our increased market share in the sector. Furthermore there is also evidence that rental arrears have actually been growing in the UK with a survey published suggesting that 45% of landlords have struggled to get payments from their tenants"
Stephen Parry, Commercial Director at Landlord Assist is equally as baffled "Whilst some may argue that landlords are showing leniency to their tenants and offering payment alternatives to those struggling to avoid a potential void this is not our experience. We are seeing landlords more keen than ever to procure the rent or evict the tenant. In most cases they have a mortgage to sustain and a finite reserve of spare money"
Landlord Assist, despite the statistics are very busy and continue to offer free, no obligation advice to landlords and letting agents on all landlord and tenant matters. They can be contacted on 08707 662288 or via their website www.landlordassist.co.uk
Monday, 1 February 2010
rents are increasing and yet decreasing!
Rental Values are increasing again according to Landlord Assist the nationwide tenant eviction and rent recovery firm.
Graham Kinnear,MD of landlord Assist confirms the position. "The is a reduced supply of property currently available to let and an increased number of tenants searching for property. First time Buyers are staying in rented accommodation and many who have already sold are in rented accommodation awaiting for the market to stabilise before selecting another property to purchase."
Nigel Lewis of the FindaProperty Rental Index agrees "The flat market is showing signs of improvement at the moment d4riven by the greater number of people opting to rent flats during the recession which by default is a cheaper and therefore more popular choice than houses. This coupled to the lower number if flats coming onto the market is conspiring to ratchet up rents in the short term"
Stephen Parry, Commercial Director of Landlord Assist comments that the rental increases are more marked for flats rather than houses in that flat rentals have increased 0.4% yet house rents according to the index have declined directly as a result of the decline in the availability of flats and the increases in the availability of houses.
Landlord Assist operate throughout England and Wales and provide, free, no obligation advice to landlords and letting agents on all landlord and tenant matters. They can be contacted on 08707 662288.
Graham Kinnear,MD of landlord Assist confirms the position. "The is a reduced supply of property currently available to let and an increased number of tenants searching for property. First time Buyers are staying in rented accommodation and many who have already sold are in rented accommodation awaiting for the market to stabilise before selecting another property to purchase."
Nigel Lewis of the FindaProperty Rental Index agrees "The flat market is showing signs of improvement at the moment d4riven by the greater number of people opting to rent flats during the recession which by default is a cheaper and therefore more popular choice than houses. This coupled to the lower number if flats coming onto the market is conspiring to ratchet up rents in the short term"
Stephen Parry, Commercial Director of Landlord Assist comments that the rental increases are more marked for flats rather than houses in that flat rentals have increased 0.4% yet house rents according to the index have declined directly as a result of the decline in the availability of flats and the increases in the availability of houses.
Landlord Assist operate throughout England and Wales and provide, free, no obligation advice to landlords and letting agents on all landlord and tenant matters. They can be contacted on 08707 662288.
Subscribe to:
Posts (Atom)