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UK Bailiffs Christmas Holidays

UK Bailiff Seasonal Amnesty

A seasonal reminder to landlords and letting agents that Bailiff Amnesty’s will begin around 12th December 2011 to the 9th January 2011. Please check your local County Court for more details.

 The amnesty, which is not widely publicised, is implemented due to local authority offices, solicitors, courts and housing welfare organisations festive holiday closures.

Unfortunately for landlords, the festive season of good cheer can be one of the costliest periods due to an increase in rent arrears, especially from LHA tenants.

 Up to the end of 2010, there were 995,000 LHA tenancies and rent arrears in this sector were thought to be in excess of £290 Million (GBP).

This year research indicates that there are now over 1Million LHA tenancies and with more changes to the Government’s Welfare Reform Bill due to be implemented on 1st January 2012, rent arrears are expected to increase further.

 Landlords are urged to act fast when dealing with defaulting tenants, especially at Christmas as courts experience backlogs of paperwork and hearings in the New Year.

Speak to your local office now or call our free phone help line – 0800 840 7133

 Legal 4 Landlords Eviction and Rent Recovery Services

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A Channel 4 TV programme is set to reveal the scandal of over 1 Million empty residential properties in the UK

There are 2 Million people on housing waiting lists – and yet 1 Million properties are still remain empty or uninhabitable.

Along with landlords from hell, the empty property debacle is one of the issues being aired in Channel 4’s new ‘Great British Property Scandal’ season which starts on TV tonight.

Tackling the 1 Million empty residential properties across the UK is one of the top priorities of the Government’s new housing strategy and a key feature in the drive to increase the provision of affordable housing.

Channel 4’s decision to address the nation’s housing shortage in a season of four programmes this week seems prescient, coming hard on the heels of divisive Government housing initiatives – in particular, the drive to restart council house sell-offs

As yet there has been no mention of agents or individuals in any of the publicity material released by the television company, but the series does promise to be uncomfortable viewing for many UK landlords.

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Despite the apparent slump in the UK property market, Nationwide Building Society’s gross mortgage lending figures have increased by 48% to £8.9 Billion (GBP) in the six months to September.

Despite the dwindling number of First-Time Buyers (FTB) in the UK property marketplace, Nationwide lent them more than £1.2 Billion (GBP) in the first half of this year, 3% more than last year.

Over the same period, Nationwide’s subsidiary The Mortgage Works (TMW) doubled its gross mortgage lending to £2.6 Billion (GBP).

Nationwide’s Chief Executive Graham Beale, said: “It is particularly pleasing to see a 48% increase in our gross mortgage lending, which demonstrates our commitment to supporting growth in the economy as well as meeting the needs of our borrowers”.

Nationwide also reported a 17% rise in underlying pre-tax profits to £172 Million (GBP) in the six months to the end of September 2011, compared with the same period in 2010.

Even though historically low Bank of England (BoE) interest rates are making life difficult for savers, the building society saw a 250% increase in the rate of cash deposited in its savings accounts to £1.4 Billion (GBP), making it the second largest savings provider in the UK.

Despite the positive results, Nationwide expects conditions to remain difficult until the current Eurozone crisis is resolved and the UK economy stabilises.

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