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£57,000 the cost of unlawful eviction.

June 4th, 2010 Posted in Uncategorized |

Harassment and unlawful eviction
Hunt v Hussain
Mr and Mrs Hussain were husband and wife.  Mr Hussain was a freehold owner of premises and in May 2003, Mrs Hussain granted an assured shorthold tenancy to Mr Hunt a weekly rent of £90.  Shortly after the tenancy commenced, Mr Hunt lost his job and applied for housing benefit.  [...]

Buy-to-Let loans coming back

June 4th, 2010 Posted in Uncategorized |

The independent market analyst Datamonitor has published a new report, ‘Buy-to-let Mortgages and the Rental Sector’ which forecasts that while gross advances will remain flat in 2010, they are set to rise dramatically by 2014.
The key findings are:
· Investor confidence will be bolstered by the stabilisation of house prices
· Demand for rental property amongst tenants [...]

House prices now less than 10% below their 2007 peak.

June 3rd, 2010 Posted in Uncategorized |

Figures realeased today by the Nationwide suggest that a lack of supply in the market place have led to house price increases of 12.2% since February 2009. The full article is available at www.nationwide.co.uk/hpi.

Capital Gains Tax !! Good news or Bad?

May 19th, 2010 Posted in Uncategorized |

 
As uncertainty from Landlords continues amid fears of an increase in the Capital Gains Tax (CGT) the Private Rented Sector continues to see unprecedented demand for rented accommodation writes Glenn Wright (associate partner) at Martins Residential Lettings (MRL). The number of available properties to rent in the South East has decreased over the last 24 [...]

Boiler scrappage scheme hit by delays !

January 29th, 2010 Posted in Lettings News |

 Enthusiastic response has seen call centre staff battling with a backlog, and applicants waiting to receive their vouchers
Lisa Bachelor guardian.co.uk writes
The boiler scrappage scheme is facing extensive delays
Thousands of householders who have applied for the government’s boiler scrappage scheme are facing long delays for the vouchers needed to give their installers the go ahead.
The scheme, [...]

MRL see changes in market place

January 28th, 2010 Posted in Lettings News |

At Mrl we believe in a progressive business philosophy, this means that we are constantly evaluating and reviewing our strategies so that we can provide the best service for you – our customers.
With this in mind we have recently been monitoring how landlords and tenants use our services and through extensive research it has become [...]

Arla criticise Pre-Budget Report

December 10th, 2009 Posted in Lettings News |

Arla has expressed its disappointment with the Pre-Budget Report 2009 announced earlier this week by chancellor Alistair Darling.
The organisation, which represents the UK’s letting agents, claimed the minister had failed to live up to promises to help the housing sector and that he had not included “any initiative that will make any difference”.
His decision not [...]

No seasonal lull in lettings market

December 10th, 2009 Posted in Lettings News |

Landlords and letting agents report healthy levels of activity in the lettings market as Christmas approaches, with 65% of those looking for a place to rent planning to move in before the end of December.
According to a poll conducted by lettingsearch.co.uk sustained high demand throughout the festive season will push down the number of unlet [...]