Currently viewing the tag: "private rental sector"
NLA Publishes Landlords At A Glance Guide To Voting

NLA Publishes Landlords At A Glance Guide To Voting

NLA Makes It Easier For Landlords To Vote
With At A Glance Guide To Main Political Party Manifestos

The National Landlords Association (NLA) have decided to make it a bit easier for floating landlord voters who may not have decided who they intend to vote for yet, by compiling a short at a glance guide to where each political party stands on key policies related to property ownership in the UK private rental sector and landlord life.
As we published on Spotlight yesterday, every political party have their own views on each of the following measures:

  • Rent Control
  • Longer Tenancies
  • Landlord Licensing
  • Landlords’ Register
  • Letting Agent Fees
  • Landlord Tax

Tomorrow is polling day in the UK (7th May), so if you haven’t already decided which of the political parties should get your vote as a landlord and business owner, the National Landlords Association has decided to make it a bit easier for floating landlord voters by compiling a helpful guide to where each of the main political parties stand on key landlord and property related policies.

Continue reading »

Will The Housing Crisis Win The Election?

Will The Housing Crisis Win The Election?

The Politics Of Housing

It is still generally acknowledged by all political parties that there is a housing shortage in the UK, and each political party wants to offer the public alternative methods of tackling the problem in an attempt to win electoral favour.

Most political parties see the housing crisis in the UK as a possible election winning issue and each party’s election manifesto promises the general public many things, including further private rented sector (PRS) reforms and the introduction of additional legislation. There isn’t much offered by any political party for landlords, except for the promise to put an end to the private rental sector.

A recent survey by Ipsos MORI research published in January 2015 discovered a confusing conundrum, in that:

  • 75% of the public agree that there is a housing crisis in the UK
  • 48% of the public disagree there is a housing crisis in their locality

The publication of each political party’s election manifesto is intended to give the public a clearer indication of the housing priorities of the UK’s next parliament.

However, despite claims of a housing shortage nationally there are still some UK regions that have large proportions of derelict and abandoned properties, many still in a habitable condition.

Continue reading »

Politicians Want PRS Control

Politicians Want PRS Control

Labour Announces Further PRS Controls

The Labour party leader, Ed Miliband, has announced his party’s plans to reform the private rented sector (PRS), with longer term tenancies and rent cap proposals, should they win the May general election.

Labour have been at the forefront of the PRS reform movement for some time, campaigning for longer term tenancies for tenants in the private sector and now the political party leaders want to introduce even more legislation that would effectively cap rental prices so they cannot be increased by more than the rate of inflation (CPI) during the proposed secure three-year tenancies.

The PRS control proposals were supposed to win the hearts and minds of the 9.1 Million households currently living in private rented sector properties, however even tenant campaign groups can see that these new proposals have more holes in them than an old Swiss cheese.

The introduction of new legislation that Labour are proposing would require landlords and letting agents to disclose the rental prices charged to any previous rented property occupants, allowing tenants to have the upper hand in negotiating the best possible rental price with landlords, before the start of a new tenancy.

Do TESCO provide customers with information concerning the actual purchase price that they pay for items before they sell them on at a huge profit, do they reveal operational profit margins – No they don’t!
Prices fluctuate as do operational costs, why should landlords be singled out for special measures when other business sectors are left alone?

Continue reading »

Green Party Leader Blames Landlords For UK Housing Crisis

Green Party Leader Blames Landlords For UK Housing Crisis

Green Party Leader Under Attack For Demonising
Private Rented Sector Landlords

The leader of the Green Party, Natalie Bennett has attracted a great deal of criticism after she attacked buy-to-let landlords operating in the private rented sector (PRS) blaming them for helping to cause the UK’s housing crisis.

Ms Bennett cited extremely high rental returns for landlords with property in the UK private rental sector in the recent television debate between the opposition leaders.

She referred to a report published by the Wriglesworth Consultancy and lenders Landbay stating that there had been a 1,400% return for buy-to-let landlords since 1996.

But the report’s authors suggested that the calculations and methodology involved were far more complex than the Green Party leader had portrayed.

Continue reading »

Political Parties Focus On Housing In Attempt To Win General Election

Political Parties Focus On Housing In Attempt To Win General Election

Conservatives Want  Tenants To Have

Right To Buy Housing Association Properties

With the UK’s General Election called on the 7th May 2015 it is almost time to decide which of the political parties you will vote for.

Election campaigning usually sees a raft of ill thought out policy ideas being spouted by politicians in an attempt to win public support and publishing election manifesto’s that promise to deliver what each political party thinks the public want.

On the run up to the election Spotlight will examine some of the key statements and manifesto hype about the UK housing market and private rental sector used to influence public support.

It appears that all political parties will focus on these topics to win the hearts and minds of voters, regardless of whether the ideas are good or not.

In fact, housing will be one of the biggest issues facing the country at the General Election in May. Polling by Ipsos Mori suggests that the cost of housing is of growing importance to the UK public. In 2010 only 5% of those polled ranked it as their biggest concern but by 2014 this figure had almost trebled to 14%.

With this in mind, one of our reporters spotted this gem of an article in the Huffington Post written by David Orr, the Chief Executive of the National Housing Federation (NHF), entitled:

Seven Reasons Why Extending ‘Right to Buy’ to Housing Associations Is Plain Bad Policy

Continue reading »

PRS Tenants Could Be Hit With Rent Increases Despite Falling Inflation

PRS Tenants Could Be Hit With Rent Increases Despite Falling Inflation

PRS Tenants Could Be Hit With Rent Increases
Despite Falling Inflation

The increase in demand for rental properties in the UK’s private rental sector (PRS) from would-be tenants could drive local rental prices through the roof in some parts of the country according to a new report published by the Association of Residential Letting Agents (ARLA).

According to data published in the latest ARLA monthly Private Rented Sector report 31% of letting agent members recorded an increase in the cost of monthly rent for rental properties in UK regions between January and February this year.

41% of letting agents in the South East of England reported landlords increasing rental prices for their properties. However, in Wales only 13% of letting agents reported landlords increasing rental asking prices.

Continue reading »

There Will Never Be A Better Time To Invest In Property

MyPropertyPowerTeam.co.uk helps property investors and landlords build their own property power team to enable them to profit from property - Visit our main site now!