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ADDED 21/05/08
Don’t let sitting tenants take you by surprise

Property auction experts have warned new investors to exercise caution when bidding on a tenanted property.
Auction Finance Limited, a Manchester firm that provides finance for property professionals purchasing at auction, says that it has witnessed several instances of investors running into difficulties because they were unaware that their new property came with a sitting tenant. MORE

ADDED 21/05/08

Empty homes can alleviate housing problem claims RICS

 

A new report by the Local Government Association (LGA) warns that the impact of a slowdown in the economy combined with the credit crunch could lead to two million households, or 5 million people, on the waiting list for social housing in less than two years. Concerns have been raised by council leaders that the bank’s aggressive lending policies over recent years have overheated the economy and brought... MORE

ADDED 21/05/08

Market forces should determine payment methods

 

Landlords and letting agencies who accept cheque payments for rent will be keeping a close eye on the Payment Council’s new National Payments Plan, in which it agrees not to phase out cheque payments until adequate alternatives are in place. The move has been welcomed by the Forum of Private Business whose survey at the end of last year revealed that most smaller businesses want market forces to determine when they should switch payment methods. MORE

ADDED 21/05/08

Jail for tenant who killed landlord in fire

A tenant who caused the death of his landlord after starting a fire in the flat where they lived has been convicted of manslaughter. In a strange twist, 22 year old Stuart Willard had been hailed a hero six months before the fatal fire when he rescued two people, including landlord John Skilton, from the flames of... MORE

ADDED 21/05/08
Beware of exploding back boilers
Landlords are among property owners being issued a safety alert by The Health and Safety Executive (HSE) following five incidents in the last five years where redundant solid fuel back boilers exploded. A number of these incidents led to injury and sadly, in one case, a fatality when a woman died after an incident in Twyning, Gloucestershire last November. MORE

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