Monday, 13 September 2010

Shelter's claims polarise the lettings industry

Claims made in a new campaign by the charity Shelter polarise the lettings industry in our opinion. Shelter claim that their survey indicates that nearly one million tenants have been the victims of landlord scams.

Their campaign called Evict Rogue Landlords is designed to highlight the fact that there are rogue landlords operating in the UK. We agree, there are clearly rogue landlords out there but there are also rogue tenants, something Shelter's campaign ignores.

We spoke to Shelter today and they confirmed that most landlords are decent and honest. They claim that the intention behind the campaign is to make tenants aware of their rights and responsibilities. However, their headline of one million scammed tenants has been picked up and reported on by many media outlets. Those media outlets, and Shelter, have not balanced the case by pointing out that many landlords have had serious issues with tenants, ranging from non-payment of rent to cannabis farms. Based on the Shelter campaign the media has portrayed the lettings industry as full of rogue landlords scamming innocent tenants.

NetRent.co.uk believe that this type of campaign is exactly what the lettings industry does not need because it polarises the industry into us and them. Bad landlords and bad tenants are both equally bad for everyone in the lettings industry. Singling out the bad in one group out and ignoring the bad in the other group just creates division and mistrust. Landlords and tenants need to work together to weed out the rogues.

Shelter should be working to promote good letting between landlords and tenants, not working hard to promote the impression that landlords are untrustworthy thieves with tenants as their innocent victims. That impression does nothing to foster good landlord/tenant relations and simply serves to polarise the lettings industry.

Click here to view the Shelter campaign Evict Rogue Landlords

Monday, 6 September 2010

Great Savings at Dulux Decorator Centres


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To find your nearest Dulux Decorator Centre please click here Find a Dulux Decorator Centre.

Wednesday, 18 August 2010

The latest Council of Mortgage Lenders (CML) buy-to-let figures


Andy Young, chief executive of Landlord Centre, our mortgage partners says, ‘It is encouraging to see a continuing trend of growth in the buy-to-let mortgage market and there have been some positive developments that have supported this, including the availability of products up to 80% loan to value, HMOs and limited companies. However we are clearly a long way from the levels of lending required to satisfy demand and the choice of products for landlords is still limited. Criteria remain tight and despite some new lenders entering the market, it will take the return of specialist lenders with wholesale funds to really inject some much-needed growth and competition into the market.’

‘It is a positive sign that remortgages accounted for over 40% of all buy-to-let mortgages in the first quarter of 2010 and reflects the availability of some competitively priced products in the market place, including specific remortgaging products offering free valuation and free legal fees which has enabled landlords to remortgage more readily. Landlord Centre has seen a steady growth in the remortgage market over the last three quarters, with 45% of apps received in the second quarter of 2010 for remortgages up from 41% in the first quarter and just 31% in the last quarter of 2009.’

‘As first-time buyers continue to struggle and more people are turning to the private rental sector, it is crucial that buy-to-let property investors have easier access to funding to satisfy the demand for quality rental accommodation. I am confident that the buy-to-let sector will continue to play a vital role in the provision of housing in the UK, but this must be supported by the availability of finance.’

For more information about But to Let Mortgages please click here Mortgages through NetRent.co.uk