Hello and a warm welcome to our May newsletter.
Spring has sprung and the longer hours of daylight are part of the “make up” of, what is traditionally, a good time of the year for the property market.
At Lenwell we continue to see good volumes of business being transacted and we have enjoyed helping our landlord clients understand and comply with new legislation on energy performance certificates (EPCs) and the Localism Act with its stricter requirements concerning tenant deposits.
In this edition of our newsletter we feature advisory articles from ARLA and Lucinda Newell takes a unique look at the traditions surrounding May Day.
ARLA’s top tips for “generation rent”.
As demand in the Private Rented Sector (PRS) continues to outstrip supply, the Association of Residential Letting Agents (ARLA) has today issued advice to anyone embarking on a first-time tenancy
..... Click here to read the full article
Rental homes on market nudge number of sale properties.
The number of rental properties put on the market last year was 692,766. The figure was up by 58,000 on the year before, while the number of second-hand properties for sale dropped by 12,000 to 769,077
.... Click here to read the full article
ARLA advises homeowners on renting out properties when they
cannot be sold
According to ARLA in the last quarter of 2011, 47 per cent of its members witnessed an increase in the number of rental properties coming onto the market because they could not be sold*; a rise from 18 per cent just a year before
.... Click here to read full article
Possessions have risen by 5%, according to the Government’s quarterly court statistics.
The rise brings the number of possession cases in England and Wales in the last year to 142,088, the highest since 2008 .... Click here to read full article
The Lucinda Newell Column
To be seen pottering along the highways and byways of Luton in her Mini Clubman, her trusted Scottie Malcolm at her side, our super sleuthing property rental expert Ms Lucinda Newell is on the case on your behalf!
To me, May Day conjurs up images of people dancing around maypoles on village greens; to others it is trade union marches and communist dictators inspecting battalions of troops marching across parade grounds.
I was intrigued and so decided to take a look at the tradition of May Day and see what it is all about .....Click here to read full article
Housing minister Grant Shapps has been in talks with local authorities worried about bad landlords, and expects to take action. He made the revelation in a Commons answer to Labour MP David Anderson, who asked whether Shapps had taken any steps to “ensure that landlords letting private properties are made more responsible for maintaining their property in a decent state of repair”.
Shapps replied: “I recently met a number of local authorities and interested parties to discuss how we can most effectively work together to tackle the small minority of rogue and criminal landlords.
“We will be issuing further advice to local authorities shortly.” Never short of an opportunity for a sound-bite we expect to be hearing from Mr Shapps on this issue and many other in the weeks ahead.
Should you have any comments or questions, as always, we would be delighted to hear from you.