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HomeLet Insurance wins a national award for its innovation within the lettings industry

The specialist insurance company HomeLet for Landlord and Tenant insurance has won the Innovation category at this year’s 2011 Landlord and Lettings Awards. In addition to this, HomeLet Insurance was a finalist in the Insurance Services, Supplier and Website categories. More on this Here December 2011 Back to top


Latest HomeLet Rental Index is out now

Seasonal trends see rents dip across UK as the latest HomeLet Rental Index shows that average UK rental amounts have decreased in eight of the 11 regions, including London, as part of a seasonal dip. According to HomeLet Landlord and Tenant Insurance More on this Here December 2011 Back to top


HomeLet insurance raises money for the Nomad Trust of Lincoln

HomeLet the specialist landlord and tenant rental insurance company has raised money for a charity based close to their Lincon offices. The insurance company staff have raised £4,000 in just five months at various events organised by members of staff, including a cake sale, quizzes and a Halloween fun-day that included a fancy dress competition and trick or treat game. More on this Here December 2011 Back to top


Endsleigh insurance were shortlisted for Landlord and Letting award

Endsleigh Insurance Services Ltd were shortlisted as a finalist for 2011/12 in the Insurance Services category of the prestigious Landlord & Letting Awards.More on this Here November 2011 Back to top



Irish agents Sherry Fitzgerald to sell it's share of Marsh and Parsons in the UK

The Irish Times reported yesterday (5-11-11) that Sherry Fitzgerald, Ireland's largest estate agency group is to sell it's 72 per cent stake in London agents Marsh and Parsons to LSL Property Services for £53.1 million. LSL Property Services run a number of agents including Your Move, Reed Rains, Intercounty and the JNP Partnership. According to the Irish Times report Sherry Fitzgerald invested about  11 millillion between 2005 and 2007 and this deal should net it more than  44 million.

The company currently employs 200 people in the Republic and a further 250 indirectly in franchise and affiliate operations. LSL has told shareholders that Marsh and Parsons that has 13 offices in London is profitable including high value property areas of Chelsea and Kensington. Marsh and Parsons reported sales of £23.3 million and a profit of £6.8 million as at 31st Decemeber 2010. Peter Rollings is the current CEO of Marsh and Parsons. November 2011 Back to top


Buy-to-let is now 15

The Buy-to-let in the UK has just celebrated it's 15th birthday. According to "Landlord buy-too-let magazine's September edition. Buy-to-let was launched by the Association of Residential Letting Agents at the RAC Club, Pall Mall London ( a venue that ARLA used to hold many meetings at) on the 24th September 1996. Paragon Mortgages was one of the founder lenders. October 2011 Back to top


JNP Lettings 10 year celebration is getting under way

The JNP Parnership's residential lettings office celebrates it's 10th birthday in November this year. JNP are based in High Wycombe in Buckinghamshire and the office has grown considerably since it was established by Philip Suter ten years ago. This was the second firm that Philip had established a letting department for. The first was at Frank Farr back in 1984 when he set up the lettings office in Iver in south Bucks with a second office in Beaconsfield. More on this Here September 2011 Back to top


Criminal Record for Scottish Landlord

The health and safety Excecutive continue to prosecute landlords for nreaching the requirements of the Gas safety Regulations. In the latest case a Glasgow landlord, Mohammed Aslam was convicted fined £800 after an investigation found that a gas fire in a house that he owned failed a smoke spillage test and was not properly sealed to the vall - nor had it been maintained within the proceeding 12 months. Anyone who carries out work on gas appliances must be on the Gas safety Register. Source NLA UK Landlord July/August 2011 Back to top


Jet-to-Let after the bubble burst

Jet to Letters stay closer to home. The £ pound may have dropped to record lows against the   euro and the economy may be going nowhere, but many Britons in the market for a secure, long term investment are starting to look closely at the jet to let seqgment once again. This a bery interesting article in the July?August 2011 NLA magazine "UK Landlord" running to four pages. To read this you either have to be a member (which is great value for Landlords) or buy a copy of the magazine by clicking on the image above.July 2011 Back to top


Never Forgotten - Suzy Lamplugh

It 's 25 years since Suzy Lamplug disappeared and her parents founded the Suzy Lamplugh Trust - On the 28th July 1986, young estate agent Suzy Lampluugh disappeared while showing an inknown client around a property. She has never been since and although her body has never been found, she has subsequently been declared dead.July 2011 Back to top See "The "Estate Agent" article


Poor fire safety standards in Wales

A landlord in north Wales has been fined £5,015 for failing to bring a block of flats he owned up to a suitable safety standard. North Wales Fire and Rescue brought the case against Mr D C Lloyd who owned a medium sized block of flats in Saltney Ferry. Mold Magistrates heard that Mr Lloyd had not complied with an enforcement notice to carry out work that would ensure the property achieved a suitable fire safety standard. He was found guilty of failure to carry out a suitable and sufficient fire risk assessment, failure to adequately maintain the fire alarm system and failure to adequately maintain the emergency lighting system. Source NLA UK Landlord July/August 2011 Back to top


Landlords from hell

Channel 4’s Dispatches programme Landlords from Hell has exposed the treatment of tenants at the hands of Britain’s ‘worst landlords’. The programme, which was shown on Monday, investigated a range of underhand tactics adopted by landlords including renting out dangerous and squalid properties and illegally renting out sheds. See article and report at the YouGov Website July 2011 Back to top


Hefty fine for landlord letting hazardous house

A landlord has been fined £30,000 and given a six month suspended sentence for letting a dangerous and sub-standard house in Coventry. A statutory notice was served by Coventry City Council officials following an inspection of the property which revealed numerous hazards including severe damp, mould, electrical problems and inadequate cooking facilities. The landlord Steven Boote, was also reported for failing to provide a gas safety certificate.More on this Here July 2011 Back to top


Landlords continue to enjoy record high rents according to Paragon buy to let mortgage specialists

Almost a third of landlords (29%) said that their rental income increased during Q2 2011, research carried out by buy-to-let mortgage specialist Paragon has revealed. Paragon's quarterly research showed 13% of landlords surveyed had increased rental rates across their portfolios by between 2% and 4% - with 4% saying they had increased rental income by up to 6%.

Of those surveyed, 8% said their rental income had risen by 2%, with 4% saying it had increased by more than 6%. There is a clear difference between the results from smaller-scale and professional landlords. Nearly one in five smaller-scale landlords (19%) reported rising rental income during the quarter, but the overwhelming majority (75%) said rents remained unchanged.

For professional landlords, however, it is a different picture with almost one-third (32%) saying their rental income had increased in the first quarter and only 2% saying that it had decreased in Q2.

Nigel Terrington, Paragon Group Chief Executive, said: "Results from our latest research shows that rental income has increased steadily during the second quarter. Landlords are continuing to experience high levels of demand for their properties so have been able to make small increases to rent levels, without making accommodation unaffordable. "Demand for privately-rented property shows no sign of slowing down with four out of ten landlords (40%) believing that tenant demand is either growing or 'booming', and will continue to do so for the next 12 months. "However, it is increasingly important that finance for landlords becomes more readily available, so landlords can respond to the growing demand for rental properties." July 2011 Back to top


Leading safety charity, The Electrical Safety Council, launches new guide for landlords – FREE copies available now

The Electrical Safety Council (ESC), in collaboration with the Association of Residential Managing Agents (ARMA) and a number of leading UK housing associations, has produced a guide to electrical safety in the communal areas of residential properties in England & Wales.

Building on the success of the Landlords’ Guide to Electrical Safety, this Guide is intended to address electrical safety in communal areas (areas accessible by staff, residents, and others visiting the property). T

he Guide aims to raise awareness among residential landlords - including housing associations, local authorities, private landlords and property management companies - of their legal obligations relating to electrical safety and provides guidance and advice on areas such as stairwells, corridors and boiler rooms. Find out more Here July 2011 Back to top


French Government plans to tax holiday home owners - then cancels them.

Apparently this tax, due to take effect in January 2012, will apply to second homes owned by non-residents, whether they are French or foreign! Up to 360,000 homes could be affected, about half of which are thought to be owned by British nationals. Under the new law, the taxman would charge 20 per cent of the theoretical annual "rental value" of a second home, whether it is rented out or not. Homes rented out full-time will be exempt, since their owners are already assumed to pay sufficient French tax. Holiday home owners currently pay domestic property taxes - Taxe d'habitation (if applicable TV Licence include - L'audiovisuel public) and Taxes foncieres. More on this Here June 2011 Back to top


my|deposits New website unveiled

my|deposits has unveiled a new, easier-to-use website with a tailor made section just for landlords. It has all the latest news on deposit protection, guidance on legislation, a resource section with practical tips and a jargon buster to explain any complicated terms.

Of course you can also protect deposits online instantly and manage disputes through our unique dispute resolution section of the website. The site has been built on suggestions from our landlord members. We held focus groups to ensure the new site is easy to navigate and provides you with everything you need to make your membership as straightforward as possible. Visit the site now at: June 2011 Back to top


HomeLet launches Remy|deposits has unveiled a new, easier-to-use website with a tailor made section just for landlords. It has all the latest news on deposit protection, guidance on legislation, a resource section with practical tips and a jargon buster to explain any complicated terms. ntal Price Index

HomeLet, the UK’s leading provider of tenant referencing and specialist insurance to the lettings industry, has launched its own Rental Price Index.It is the most detailed report on the sector to date and reveals information never seen before, including tenant age, demographics and actual rental prices in each UK region. Rents keep rising in the West Midlands, but rents drop in the North West More on this Here June 2011 Back to top


Yorkshire Landlord Blocks access to rental property to stop tenants leaving

A landlord has blocked off his plush £1m home with ten skips to stop his tenants from leaving without paying the £15,000 he claims they owe him. Businessman Simon Everingham says he has been in a constant battle for £3,000-a-month rent since the occupants of his four-bedroom 18th century farmhouse in Markington, near Harrogate, North Yorkshire, fell behind with the payments last November. He barricaded the American tenants Dan and Christina Herring in by blocking the drive on Monday and the fight to stop them leaving continued today. More on this Here May 2011 Back to top


HomeLet Insurance Warns Landlords of their Obligations

If a window cleaner, gardener or tenant injures themselves on your property, are you covered if they sue you? • Do you have expensive garden furniture and BBQ’s in your garden? • Do you have emergency assistance cover if a disaster at your property was to happen this summer? No one wants to dwell on the worst, but as a conscientious landlord you must prepare for these possible eventualities. Often putting something right after a disaster is much more costly and difficult than being prepared.More on this Here May 2011 Back to top


Insurers Pay over €220 million in Claims from December 2010 Freeze in Ireland

The Irish Insurance Federation (IIF) today announced that €224m has been paid to home and business owners as a result of the freeze that affected the country during December 2010. This was the third severe weather event to affect the country during a fourteen-month period, which saw the insurance industry inject over € ¾ bn back into the Irish economy. More on this Here April 2011 Back to top


HomeLet win Silver Award for the Supplier of the Year category at the Estate and Letting Agent Awards - ESTAS

HomeLet the Landlord and Tenant rental property insurance company have won the Silver Award for the Supplier of the Year category at the Estate and Letting Agent Awards - ESTAS. More on this Here April 2011 Back to top


Irish house prices could fall 13.4% in 2011 so it is a good time to invest in Ireland

The St Patrick's day (17th March 2011) edition of the Irish Times had a headline "House prices call fall 13.4% in 2011 on bank test senario". House prices are on track to fall by a further 13.4 per cent in 2011 and 14.4 per cent in 2012 before recovering in 2013 under a scenario considered by the Central Bank to stress test the banks. The lenders are being tested to see how much of the €5 billion set aside in the EU-IMF bailout fund for the banks will be needed. The tests are being applied to certain Irish banks and building societies. More on this Here March 2011 Back to top


Promenade des Irlandais becomes the Promenade des Anglais in Nice once again

The Irish Times property section on Thursday 10th February had a headline "Sun sets for holiday homeowners" - Thousands of Irish people who bought homes abroad, for their holidays or as a pension, are selling up – if they can. The report featured Nice Estate Agent Kirkor Ajderhanyan a director of Agence 107 Promenade, an agency which specialises in selling properties with sea views on Nice’s seafront. He said "There were so many of them that we used to call it the Promenade des Irlandais at the time. But most will make an average gain of 25 to 30 per cent". More on this Here February 2011Back to top


HomeLet insurance leading the way

HomeLet, the market leading suppliers of referencing and specialist insurance solutions to the lettings industry are delighted to announce the launch of their latest set of innovative changes to their product range. Not only have some of their existing products and services had an upgrade for the New Year, they’ve also launched a brand new take on the lettings process. With unemployment set to increase to a 17-year high of 2.7 million in 2011 it’s already proving to be a difficult year for today’s professional landlord. More on this Here February 2011 Back to top


Latest Halifax House Price Index - December 2010

Prices in the three months to December were 0.9% lower than in the preceding three months. This rate of decline remains significantly lower than the quarterly falls of 5-6% during the second half of 2008. House price data on this basis provides the clearest indication of overall market trends, smoothing out the monthly volatility caused by the reduced number of monthly transactions used to calculate all house price indices.

On an annual basis, prices in December were 1.6% lower as measured by the average for the latest three months against the same period a year earlier. Prices in December alone were 3.4% lower than in December 2009.

Nationally, we expect limited movement in house prices during 2011 but with the risks on the downside. Some modest variations in house price performance across the country, however, are likely. The regional picture is likely to be affected by the impact of public spending reductions.

Commenting, Martin Ellis, housing economist, said: "Prices in the final three months of 2010 were 0.9% lower than in the previous quarter. This rate of decline is significantly less than the quarterly falls of 5-6% during the second half of 2008. House prices fell by 1.3% between November and December. "Looking forward, we expect limited movement in house prices during 2011 but with the risks on the downside. Interest rates are likely to remain very low for some time. This will continue to support a favourable affordability position for those entering the market and limit financial pressure on existing homeowners to sell. Current signs that homeowners are becoming more reluctant to sell would, if continued, help reverse the imbalance between buyers and sellers. Nonetheless, uncertainty about the economy, weak earnings growth and higher taxes could put some downward pressure on demand." Source Lloyds Banking Group January 2011 Back to top


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