Launching of our Buy2Let as an additional add-on

Building on their success, Move On Rentals are excited to announce the launch of becoming the leading areas specialists in ‘Buy2Let’ properties. Sharon Canning (nee Moore) commented ‘it is a natural add-on for our business, where we can help our existing landlords and new to increase or reduce their existing portfolio. We have definitely seen an upturn in brand new landlords entering the buy to let market this year with a higher yield coming back on their investment compared to say sitting in a bank. We already have a great customer service with helping new landlords choose the right property before buying and the timing is perfect. What better way would you want to start or increase your portfolio with a tenant is situ earning you money from day one!’ If you want further details then please contact Sharon and her team at Move On Rentals on 01202 711169.

Changes to Non Assured Shorthold Tenancies

At present an Assured Shorthold Tenancy covers rents up to £25,000 per annum (up to £2083 per month), but as of the 1st October 2010 any Tenancy with an annual rent between £25,000 and £100,000 in existence will automatically become as Assured Shorthold Tenancy overnight.
This change will parachute all of the rights and responsibilities of the Housing Act 1988 onto tenancies – as well as having to protect deposits for the first time. Failure to have them protected on the 1st October could be in breach of the law and the courts are being forewarned.
The changes are receiving mixed reviews, some are saying that changes in the law is one thing but to change the terms of agreed contracts is another, whilst tenants whose rents have been in the higher bracket are welcoming the mandatory protection of their deposits.
Failure to protect a deposit means a landlord must pay back three times the deposit held to the tenant and the landlord will not be able to issue a valid Section 21 Notice, which in the event a tenant is taken to court, the proceedings would be dismissed.
Of course anything could change, the present Government have been known for U-turns and if a different party is elected in May then anything could happen!

Landlord Seminar in Bournemouth

Successful Landlord Seminar held at the Orchid Hotel in Bournemouth. Guest speakers offering expert advice on Buy to Let Mortgages, Tenancy law, End of year Property tax returns, letting legislations and more. A very informative evening and Move on received fabulous feedback.

Tenancy Deposits 3 years

Although I understand that due to rogue landlords and yes rogue letting agents, the government in their infinite wisdom approved three deposit schemes and made it law in April 2007 that all deposits must be protected under one of these schemes if your tenant is in an Assured Shorthold Tenancy. What I do not understand is why the adjudicators keep changing their minds!