GOODLORD - January 2024
It's time for new year, new you, and making resolutions that last beyond the first two weeks of January. This month marks what's set to be a monumental year, with a general election likely on the corner, and changes to the private rental sector with the upcoming Renters (Reform) Bill. As always, if you have any further questions over what this all means to you and your portfolio, please...
Staff Changes at Haydn Jacks Limited
As we enter 2024, we are excited to announce the expansion of our team here at Haydn Jacks Lettings. John Bryanton - Director Lisa Woolnough - Lettings Manager Nikki Wilson - Lettings Team Member / Inventory Clerk Sarah Lay-Flurrie - Lettings Team Member / PA to John Bryanton
Buy To Let investors compete with owner occupiers - Nationwide
Owner occupiers have been competing with landlords in the battle to purchase smaller properties, new figures show. Smaller properties are often preferred by buyers to let investors because of their relatively cheap purchase price and therefore attractive yields. The Nationwide says that during 2023, there were signs that more buyers were looking towards smaller, less expensive properties, with...
Seasonal trends return to lettings market after ‘unusual’ recent years
The chief executive of Propertymark says seasonal trends are returning to the housing market after several ‘unusual’ years. Nathan Emerson says: “In the residential sales sector, seasonal trends are undoubtedly weighing on market performance. However, there are also strong indications that the market is cooling in general. Demand, as measured by new buyer registrations, is trending downwards...
New Maintenance Portal Launched
Over the past seven months of the Covid-19 crisis, we have experienced a dramatic up-tick in the amount of maintenance issues reported by our tenants. This went hand-in-hand with the challenge of having staff working flexible hours from home for most of this period. It soon became apparent that I needed to re-visit our current maintenance protocols to see if there was a more...
The overwhelming case for using a buy to let mortgage broker
The overwhelming case for using a buy to let mortgage broker The buy to let mortgage market has undergone tumultuous change in the past few years and has impacted on landlords’ bottom lines. Andrew Turner, chief executive at Commercial Trust Limited, explains why a conversation with a specialist buy to let mortgage broker could make a difference to maintaining profit. The value to landlords of...
Could a change in Prime Minister spark a change in policy for the PRS?
As speculation mounts as to the future of Theresa May as Prime Minister, the private rental sector will cast an eye on events, with more than a passing interest in the consequences. Andrew Turner, chief executive at specialist buy to let mortgage broker Commercial Trust Limited, sets the scene for how a change in leader could benefit landlords. The past four years have brought radical change to...
TDS Favours Specialist Housing Courts - So Do We
The UK Government is being urged to follow Scotland’s lead as it considers introducing a specialist Housing Court to deal with tenant and landlord disputes. The Ministry of Housing has put out a Call for Evidence, closing tomorrow, that argues that the current process can be time consuming for landlords when trying to repossess a property, while tenants can find the process confusing when making...
Tenant Fees Ban Becomes Law on 1st June 2019
Fees charged to tenants are to be outlawed on all new tenancies signed after June 1. The long-awaited announcement of a date for introduction of the ban was made by Lord Bourne of Aberystwyth, the Government’s housing spokesperson in the House of Lords, during the Tenant Fees Bill’s Third Reading yesterday. He said: “Implementation is subject to the parliamentary timetables and amendments...
Utility Bills - It's Your Choice, Not Your Landlords
More than three-quarters of a million tenants may be wrongly denied the right to switch their energy provider by their landlord, research claims. Auto-switching service The Labrador, which works with letting agents to help tenants move to more affordable suppliers, surveyed 1,000 renters, and found a lack of awareness regarding switching rights. The poll found that 5% of renters have...
Tenant Fees Bill - Deposits Capped
As expected, the Government has introduced an amendment which will mean that most tenants will pay no more than the equivalent of five weeks worth of rent as a deposit. Currently, the proposed cap is the equivalent of six weeks of rent. It forms part of a range of amendments, including restrictions on when an agent or landlord can charge default fees. Lord Bourne, the Government’s housing...
End of Tenancy Gripes
The Dispute Service has revealed the biggest cause of complaints across all its schemes, with cleaning come out on top. The TDS annual report – representing the 12 months to March 2018 – shows cleaning made up 54% of disputes in its insured scheme and 51% for its custodial option. Its Northern Ireland subsidiary saw 45% of disputes cover cleaning, while the figure was as high as 62% for the...
UPDATE - Regulation of Letting Agents
Although Parliament is not currently sitting, this will surely be at the top of a long list of priorities for any future government to deal with. Read more about this thanks to Property Industry Eye http://www.propertyindustryeye.com/new-briefing-paper-for-mps-on-regulation-of-letting-agents/
Tenant who tripped on path not owned by landlord wins case
An important new case has major implications for letting agents who manage properties and for landlords. It may also have implications for insurance. The full article in Property Industry Eye can be found using the link below... http://www.propertyindustryeye.com/tenant-tripped-path-owned-landlord-wins-case/
Celebrate Every Victory
Getting to first place has only been possible because we deal with landlords who ensure their properties are always in good condition and are priced sensibly in order to attract tenants looking for long term tenancies. We will not not always be number one in the chart, however I am proud to reach the top spot so soon after starting Haydn Jacks in July 2013. It proves that working closely...