1st October is D-Day for Letting Agents

So at last the Government has agreed that every letting agent in England and Wales must join an authorised consumer redress scheme to ensure tenants and leaseholders have a straightforward option to hold their agents to account.  The law comes into effect from 1st October 2014. Any agent that fails to join one of the three approved redress schemes, The Property Ombudsmen, Ombudsmen Services or The Property Redress Scheme, will face a fine of up to £5,000 from their local authority and could ultimately be closed down if they continue to breach their legal requirement to join such a scheme. After joining, the agent must comply with the schemes Ombudsman decision as failure to do so may result in the agent being removed from that scheme. This may then result in the agent being unable to join another Government authorised consumer redress scheme. By joining one of the schemes, the property professional confirms they will...
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What do you need in a Letting Agent?

Unfortunately, letting agents don’t usually get much positive press, as just like landlords the media tend to focus on the few rogues out there than those that provide high-quality services. However, the fact of the matter is that letting agents can be extremely useful as they can help run your business and find tenants for your properties quickly and easily. So here we look at how you can find a suitable letting agent and avoid the rogues:

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5 things to think about before instructing an Online Estate Agent’

In the last five years or so it has become generally accepted by savvy consumers that instructing an internet estate agent will save you money when compared to a traditional agency; but let’s not forget it’s not always all about the money! If you have already made the decision to opt for an online agent take the time to consider these five essential points to ensure you instruct the right agent for your needs before taking the plunge:
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Buying your first Buy to Let Property

Since the mid-1990s the buy to let sector has blossomed into one of the most important parts of the UK housing market.
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ARLA says novice buy to let landlords must research local context

Budding buy-to-let landlords should research local and background information before purchasing a property to rent in a specific area, it has been suggested. The Association of Residential Letting Agents (ARLA) said this measure is "essential" to ensure money is invested wisely in the sector, Landlords might be interested to hear. ARLA stated: "The rental market does suffer ups and downs and behaves very differently from region to region, so its critical that you select the right property in an area you have researched in detail." And those looking to be successful buy-to-let landlords should ensure they carry out full credit checks on potential tenants and find out their previous employment status, as well as their renting history. This advice comes after ARLA data revealed 71 per cent of landlords surveyed think renting is becoming more popular. Last week, Ian Potter, operations manager of the industry body, stated the private rented...
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Rental demand could outstrip supply in 2012

Landlords might be interested to hear that one industry expert thinks rental demand could outstrip supply in 2012.
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Arla publishes guide for reluctant landlords

People becoming landlords as a result of being unable to sell their homes and instead choosing to take on tenants could benefit from reading the Association of Residential Letting Agents (Arlas) Reluctant Landlords Guide.
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Top Ten Tips For Renting your property in the UK

Purple Cow properties give top 10 tips for renting your property quickly in the UK.
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Rental demand hits high

The Association of Residential Lettings Agents (ARLA) has found that more than two-thirds (70 per cent) of their members report having more tenants than properties.
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The pin Meeting – Manchester

The PIN Meeting last week was excellent. It was actually a smaller group than usual, but it worked really well. It was a very, relaxed and friendly atmosphere. We started the meeting with some speed networking which was excellent. We had to try to get around everybody in the room, and tell them what you’re working on in 2 words. This proved to be quite a challenge! Needless to say I didn’t get around everybody in the room, but I talked to a significant amount of people. I believe that the more people you meet the more effective your business will be. This proves that it’s important to put together your elevator pitch. You need to be succinct in your description of what you’re working on and what you’re looking for. Paul Shamplina from Landlord Action gave a great presentation. He is an interesting character with an even more interesting background....
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