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tenants with tea-small

  • March 2019

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    Lia Johnson T/A Marybow Property
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    The Renter's Rights Bill continues to unfold in un The Renter's Rights Bill continues to unfold in unexpected ways. We hope to see further discussion, particularly regarding the capacity of the courts. At the London Landlord Investment Show, Paul Shamplina of Landlord Action noted that the average time to process a possession claim is currently 24.5 weeks—roughly five and a half months. https://bit.ly/4ePkg2A
    The latest Landlord Investment Show was quite a re The latest Landlord Investment Show was quite a revelation. I had a chat with many landlords - accidental to portfolio - and it inspired me to introduce a new service in response to their current needs. It's already on the website (#2 DIY Landlord Service) but will explain more soon. https://bit.ly/4nJoDQq
    A new consultation could give 4.7 million leasehol A new consultation could give 4.7 million leaseholders stronger rights to challenge excessive service charges. Could this signal the end of "fleecehold"? Developers may resist tighter controls, while lenders assess potential impacts on property and lending. https://www.gov.uk/government/news/millions-of-leaseholders-backed-with-strengthened-rights #LeaseholdReform
    "Can landlords stop me from smoking in a rented pr "Can landlords stop me from smoking in a rented property? What about in the garden?" Yes, they can prohibit, which would be in the tenancy agreement. The main reason for a clause like this is not just fire safety but to prevent lingering smell and damage to property. Most clause will also prevent visitors to smoke as well. The garden is outdoors but it is still part of the property. #MarybowProperty #londonpropertymanager #EastLondon
    Our latest blog post was about shared ownership pr Our latest blog post was about shared ownership properties. Today's BBC article gave some good statistics e.g. "Of the complaints made over the last five years, 44% were based in London". https://bbc.in/407JcMn
    Blog: Shared Ownership - Interest rates may be fal Blog: Shared Ownership - Interest rates may be falling, but that doesn’t mean mortgages are suddenly affordable. With rents still high, many tenants are exploring shared ownership as a way onto the property ladder. Read on to find out what you need to know before buying in. Many thanks to N for the question! https://marybowproperty.com/blog/shared-ownership-know-before-you-buy/ #MarybowProperty
    Buying a listed property? Not sure if you can do w Buying a listed property? Not sure if you can do works on yours? Maybe you don't know that your property is listed? There are different grades that reflect their historical and architectural significance. The general rule of thumb is that all buildings that date back to pre-1700 and mostly in original condition are likley to be listed. Most also between 1700-1850 will be, too. Useful links provided here: https://www.propertymark.co.uk/professional-standards/consumer-guides/buying-selling-houses/listed-buildings.html
    "Buyers market emerges as supply of homes hits ten "Buyers market emerges as supply of homes hits ten-year high" - An interesting statistics from the Rightmove House Price said "the average asking prices rose 0.6% to a new record of £379,517 this month, the increase is the smallest for May since 2016." This means increased competition, buyers having more choices, and tenants losing out. https://thenegotiator.co.uk/news/uk-housing-market-news/buyers-market-emerges-as-supply-of-homes-hits-ten-year-high/
    "Petition calling for rent controls signed by more "Petition calling for rent controls signed by more than 42,000 people" - what a tricky subject. Rent control is of course wanted by tenants, especially in this climate where the rent increase is steep. The reason behind why and how the rent can go up by £100+pcm is not just the landlords wanting to fetch the market rent. We see it mostly because their cost has gone up e.g. service charges and mortgage. With so many landlords looking to exit the private rental sector, the rent can only keep going up, so a talk about rent control will not help. If you are a tenant facing this issue we advise to speak with your agent to come to a mutually agreeable solution. https://propertyindustryeye.com/petition-calling-for-rent-controls-signed-by-more-than-42000-people/
    It’s hard to believe that we are nearly halfway It’s hard to believe that we are nearly halfway through 2025! Here is our quarterly newsletter that was distributed last week. If you haven't yet, we'd love to stay in touch with you through Property Matters. Please sign up to receive it directly in your inbox. Havae a great weekend ahead. https://marybowproperty.com/blog/property-matters-newsletter-spring-2025/ #MarybowProperty
    "Home working revolution has made ‘fair wear-and "Home working revolution has made ‘fair wear-and-tear’ rules redundant–claim". The article makes an important point that depreciation rules should reflect increased home working. Current standards penalise tenants for normal use and burden landlords with higher replacement costs. It calls for the Housing Act 1998 to redefine ‘normal use’ and for courts to expand their view of ‘reasonable use’ in tenancy cases. More here: https://thenegotiator.co.uk/news/rental-market/home-working-revolution-has-made-fair-wear-and-tear-rules-redundant-claim/
    Where are we with the Renter's Rights Bill? The pl Where are we with the Renter's Rights Bill? The plan announced under Theresa May six years ago have a point to improve tenants' rights. However, it's not clear how this bill would help if there will be less properties to rent in the first place, and possibly even more evicted at short notice. Propertymark's Reports "show that 88% of landlords have no confidence in the current private rental sector...and more than a third plan to leave the sector altogether this year." Read more here: https://bit.ly/4k6zJNo
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