Free Legal Advice For Tenants To Prevent Landlord Section 21 Evictions

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Charles Kelly Money Tips Podcast

Charles Kelly Money Tips Podcast

10 ай бұрын

Good news for tenants, disaster for buy-to-let landlords.
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This comes as a new report states that 250,000 people are homeless because the council has run out of temporary accommodation.
Another report by the BBC, as many, as 2 million people are falling behind with their utility bills.
Which bills do you prioritise?
Rightmove report that asking prices of houses are falling again.
The financial Times reports that UK construction companies are becoming insolvent at the fastest rate in over 10 years. 4000 building companies have gone bust in a year as material prices, soar, and construction slows.
Serviced Accommodation vs Buy-to-Let
Higher interest rates and increase in legislation has forced many landlords to switch to Serviced Accommodation from traditional buy to let standard AST tenants.
Serviced accommodation offers landlords the opportunity to increase their after-tax net returns, whilst avoiding many of the pitfalls linked to traditional buy to let, such as dealing with difficult tenants and the coming abolition of section 21 ‘no fault’ evictions.
In the past, landlords have been deterred from Serviced Accommodation due to the additional work involved. Traditional, letting agencies have been reluctant, or are just not equipped, to manage a Serviced Accommodation property involving guest turnover, bookings, cleaning, linen and so on.
But now there is a solution.
A new breed of specialist agencies has sprung up to satisfy this growing market by managing Serviced Accommodation properties at scale.
Open House South Herts has teamed up with one such agency that is actively seeking properties in the following areas:
Hertfordshire, Essex, Cambridge, as well as major metropolitan business areas in England.
They offer landlords a complete hand free full management service, taking care of bookings, changeover, cleaning and linen. Bookings come from a number of sources including corporate temporary lets and booking.com to ensure the 80% occupancy the company aims to achieve.
Landlords benefit from higher net rents and hassle-free management.
The management company offers agents a generous introduction fee without having to manage the property.
Serviced Accommodation properties should be furnished and decorated to a high standard. The company will advise on the recommended specifications. Landlords will need to inform their mortgage lender and insurer and some boroughs may require planning consent.
Whilst this may not work for every landlord, the is growing demand for this service.
If you are a property owner or landlord looking to increase your rental returns whilst reducing the headache of section 21, and the looming renters reform act, contact me at SouthHerts@localagent.co.uk
Unlock Financial Freedom: Master the Art of Money Management in 3 Simple Steps
Discover the keys to prosperous money management that won't compromise your quality of life.
**Join the training**: Register Now
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About Charles Kelly:
Speaker, Podcaster, Author, Property Investor, Digital Marketing, Former Immigration Adviser and International Recruiter and Business Consultant.
Charles has been featured as an expert guest on prestigious platforms such as BBC News, Radio 5, and more. He is committed to helping individuals achieve financial freedom through education, effective money management, and the acquisition of valuable money-making skills.
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#propertymanagement #servicedaccommodation #lettingagents #section21 #rentalproperty #money #financialfreedom #moneymanagement #tenantrights

Пікірлер: 22
@dugandav1
@dugandav1 10 ай бұрын
Any landlord who remains is this sector is mad - please save yourself a load of grief and headaches and get rid of your Let’s, it makes no sense to stay on a sinking ship. It is a pendulum that has still plenty of motion left in it - I seem to remember a time in the seventies when it was easier to board a house up than to let it. Perhaps we are going back in time!
@charleskellymoneytipspodca9121
@charleskellymoneytipspodca9121 10 ай бұрын
You are not alone in feeling that way. I hope you are not right. Good luck.
@fery2531
@fery2531 10 ай бұрын
Metropolitan police have been given new powers to deal with illegal eviction. From today out of hours evictions and where there is no court bailiff at present, will be construed as illegal eviction and harassment. What next?
@charleskellymoneytipspodca9121
@charleskellymoneytipspodca9121 10 ай бұрын
Thanks for your comment. I know that they already had powers on illegal evictions, but didn’t realise they had new powers.
@charleskellymoneytipspodca9121
@charleskellymoneytipspodca9121 10 ай бұрын
What next? The renters reform act! It’s part of a new series called how to F up the buy to let property market !
@shanzy3698
@shanzy3698 22 күн бұрын
Hello does council improvement notice to landlord prevent section 21? my landlord got improvement notice for the blocked drains.
@charleskellymoneytipspodca9121
@charleskellymoneytipspodca9121 22 күн бұрын
I would imagine it would have an impact, but I can’t say for sure and you would need to take legal advice. If you can’t find a solicitor, then use an organisation like shelter or speak to the council.
@shanzy3698
@shanzy3698 4 ай бұрын
Hello can i you please advise me my tency agreement has ended my landlord whats the property back i have no where to stay or find another house because rent is too much what are my rights thank you
@charleskellymoneytipspodca9121
@charleskellymoneytipspodca9121 4 ай бұрын
You can contact your local citizens advice for help or your local council.
@charleskellymoneytipspodca9121
@charleskellymoneytipspodca9121 4 ай бұрын
The tenant has plenty of rights!
@shanzy3698
@shanzy3698 4 ай бұрын
Thank you
@charleskellymoneytipspodca9121
@charleskellymoneytipspodca9121 4 ай бұрын
@@shanzy3698 👍
@rinmlo
@rinmlo 10 ай бұрын
The only way to do BTL these days is if you have the spare cash lying around that you want to put to good use. Borrowing for a BTL now makes little to no sense.
@charleskellymoneytipspodca9121
@charleskellymoneytipspodca9121 10 ай бұрын
Correct
@charleskellymoneytipspodca9121
@charleskellymoneytipspodca9121 9 ай бұрын
The figures just don’t add up with a six or 7% mortgage. That’s another reason why landlords are selling up because they’re fixed rate at 2% is coming to an end and they are now been quoted 6% or 7%
@bobbyboyderecords
@bobbyboyderecords 10 ай бұрын
You can more than halve you bills by not paying your rent it also seems.
@charleskellymoneytipspodca9121
@charleskellymoneytipspodca9121 10 ай бұрын
Not something I would encourage, unless you want to risk being made homeless.
@voicesrilanka1356
@voicesrilanka1356 10 ай бұрын
Those Landlords cowardly give section 21 notice to Tenants by pretending to SELL Their property should be penalised if they don't after kicking out the Tenant. OR COUNCIL SHOULD BUY THOSE PROPERTIES AND let it to the same TENANTS FOR THE SAME PRICE. 1. Council get an extra property 2. Tenant Pays the usual Rent ( More than the council Rate )
@charleskellymoneytipspodca9121
@charleskellymoneytipspodca9121 10 ай бұрын
Landlords do not have to pretend to sell the property or give any other reason in order to serve a section 21 no-fault eviction. That’s why it is commonly called a “no-fault eviction “. I think you are getting confused with the renters reform act which has not come into effect yet. Under the new act, which will probably start next year, landlords would have to give a valid reason in order to serve an eviction notice. What are these reasons would be to sell the property. Another reason would be to move back in. As for councils, they need to get their act together in bringing back into use thousands of empty properties, not to mention building more social housing. It’s not the thought of private landlords that the governments over the years have failed to build enough, proper social housing.
@voicesrilanka1356
@voicesrilanka1356 10 ай бұрын
well the problem is They wont to pretend to sell because they want higher. I am paying £860 my landlord wanted £1100 I said no then he gave me section 21. @@charleskellymoneytipspodca9121
@charleskellymoneytipspodca9121
@charleskellymoneytipspodca9121 9 ай бұрын
Landlords do not need to pretend to sell, or anything else under a section 21. It’s a “No fault” eviction. More penalties for landlords and anti-landlord legislation just means there will be less properties on the market for rental, and that will result in higher rents for tenants. Simple as that
@voicesrilanka1356
@voicesrilanka1356 9 ай бұрын
Not really. There will be more People getting on to the property ladder, Without one landlord being having more property paid by the tenant who doesn't have a chance to save up for his own property because of extortionate Rents. @@charleskellymoneytipspodca9121
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