HMO plans for Bangor slammed by the council

More council HMO bashing is taking place in Bangor, North Wales as a health authority plan to turn to two large buildings in Bangor into houses of multiple occupation (HMO) have been slammed by councillors.

The Betsi Cadwaladr University Health Board has submitted applications to change Bodfaen, on Craig y Don Road, into a seven-bedroom house of multiple occupancy (HMO), and 26 College Road into an eight-bedroom house of multiple occupation (HMO).

The plans were discussed at a meeting of Bangor City Council’s planning and amenities committee last week and councillors immediately dismissed them as “disgraceful” and claimed developments such as this were turning Bangor into “a ghetto”.

The city council has been very clear on its policy on HMOs with many recommended for refusal due to reasons such as over-development of the sites.

Cllr June Marshall said: “Plans for a HMO in Garth were refused and we need to be careful because we don’t want entire streets which are HMOs.

“I am very happy to propose this application is refused.”

Cllr John Wynn Jones said: “There is an effect on society if there are too many HMOs.

“It is very irresponsible (of the health board) – I think it’s disgraceful.

“I think we should write to them and ask them what their intentions are.”

Cllr Derek Hainge, chairman of the committee, asked councillors about writing to the health board and ask them if they are turning the city “into a ghetto”.

Cllr Keith Marshall said: “They should turn it (Bodfaen) into a family house and then put it on the market.

Town clerk Gwyn Hughes said he was concerned over parking amenities for the two sites and also stated his continued concerns over the amount of HMO applications the council was receiving.

Councillors voted unanimously to recommend rejection for the two applications which will now go before Gwynedd Council’s planning committee.

A spokesman for Betsi Cadwaladr University Health Board said: “We can confirm that Change of Use applications have been submitted to Gwynedd County Council Planning Service for two properties which are to be vacated shortly due to the transfer of staff to other health board sites in Bangor.

“The Health Board will respond to any material objections raised as part of the normal planning process; our understanding from Gwynedd County Council is that no objections have been received by them to-date.”

Rooms in Cardiff is a provider of landlord services across Cardiff and South Wales specialising in multi let property, Student housing, professional house share and house of multiple occupancy (HMO) and offer the following services:

Rooms to Rent in Cardiff  £120 Fixed Fee Tenant Finder (No Tenant No Fee)

Property Listing page to advertise your available rooms on Spareroom, EasyRoomMate, Gumtree and Zoopla until let for one Fixed Price.

HMO Rent Guarantee No Void Periods & No Fees

You can contact Rooms in Cardiff via email info@RoomsInCardiff.co.uk

Telephone 0845 496 0000

or by completing the form below to arrange a call from one of our team.

HMO Landlord Fined for Unsafe, Overcrowded and Unlicensed Luton Property

Another HMO Landlord added to our “rogue Landlord” feature, a useful guide of how not to go about managing a House of Multiple Occupation (HMO) and multi let portfolio.

HMO Landlord Khaled Ahmed, 36, failed to attend Luton Magistrates Court on 15 October where he was ordered to pay nearly £53,000 for operating an unlicensed, unsafe and overcrowded House in Multiple Occupancy (HMO).

This Luton HMO Landlord has gone for the hat-trick by managing a unsafe, overcrowded and unlicensed House in Multiple Occupation (HMO) and following a number of complaints from tenants living at the property at 35 Dunraven Avenue, officers from the Council’s Private Sector Housing team carried out an inspection of the eight-bedroom, four-storey house where a number of health and safety breaches were found the most serious being structure altered internally causing a number of potentially fatal fire safety hazards.

This rogue HMO Landlord provided poorly sub-divided rooms to gain additional smaller bedrooms so more people could live there. One bedroom measured just five square metres as well as a young female student living in the attic space, which could only be accessed by an unstable staircase, without windows, ventilation or heating. Other hazards related to obstructed fire exits, accumulations of rubbish, lack of fire doors, and lack of fire alarms and disrepair to the property.

The Magistrate described the property as a ‘death trap’ run for commercial gain and convicted Mr Ahmed for all breaches.

Mr Ahmed was fined £15,000 for failing to licence the property, a further £4,000 for each of the nine breaches of the Management of House in Multiple Occupation Regulations 2006 which totalled a further £36,000 and a £15 victim surcharge. The Council was also awarded £1,957 costs. Total fines and costs amounted to £52,957 which is one of the highest fines recorded in Luton.

As a further consequence the tenants can apply to the Residential Property Tribunal for a Rent Repayment Order to claim back all rent paid for the past 12 months.

When handing out the fines, the Court also took into account that Mr Ahmed had taken over £22,500 in rent and deposits from tenants.

Cllr Tom Shaw, Portfolio Holder for housing, said: “This is one of the worse cases we have ever seen with tenants being subjected to dangerous and potentially life threatening conditions. What makes it worse is that the actions of the landlord were deliberate and purely for commercial gain.

“I am glad that  substantial fines were imposed, as this serves as a strong warning to any other landlord who thinks they can get away with this illegal behaviour. HMOs need to be licensed to protect the health, safety and wellbeing of the occupants and to prevent them living in overcrowded conditions with insufficient facilities.”

“The Council takes the condition of the private rented sector very seriously and we have recently embarked on a programme of inspecting all Houses in Multiple Occupation within Luton. We will not hesitate to take further court action should any other offences be committed.”

Anyone living near or knowing of such a property which they believe to be an unlicensed HMO should contact the council on 01582 54 72 22 or email HMO.Hotline@luton.gov.uk.

Rooms in Cardiff is a provider of landlord services across Cardiff and South Wales specialising in multi let property, Student housing, professional house share and house of multiple occupancy (HMO) and offer the following services:

Rooms to Rent in Cardiff  £120 Fixed Fee Tenant Finder (No Tenant No Fee)

Property Listing page to advertise your available rooms on Spareroom, EasyRoomMate, Gumtree and Zoopla until let for one Fixed Price.

HMO Rent Guarantee No Void Periods & No Fees

You can contact Rooms in Cardiff via email info@RoomsInCardiff.co.uk

Telephone 0845 496 0000

or by completing the form below to arrange a call from one of our team.

Are UK House Prices set for a 15% fall?

At Rooms in Cardiff we aim to provide landlords, home owners and property investor’s detailed analysis of the property market in Cardiff, Wales and across the UK.

There has been a wealth of housing data released all hinting at which direction UK house prices are going over the next 12 months, but at Rooms in Cardiff we have been doing our own online research and wanted to share this with our readers.

 Net Mortgage Lending Growth

The Bank of England (BoE) provides monthly data on UK net mortgage lending growth (NMLG). Historically this has proved a handy guide to house prices.

September 2012 saw UK NMLG remain at 1.1%. That compares with annual growth of 1.9% two years ago, 5.7% in December 2008 and 11.1% in February 2007. Meanwhile, the October Nationwide UK house price index was down by 0.9% year-on-year.

What does this mean for UK house prices?

As you can see from the above graph, this long-term collapse in NMLG suggests UK house prices are standing at the cliff face. If they follow net lending trends, residential property values could slump by over 15%.

Rooms in Cardiff is a provider of landlord services across Cardiff and South Wales specialising in multi let property, Student housing, professional house share and house of multiple occupancy (HMO) and offer the following services:

Rooms to Rent in Cardiff  £120 Fixed Fee Tenant Finder (No Tenant No Fee)

Property Listing page to advertise your available rooms on Spareroom, EasyRoomMate, Gumtree and Zoopla until let for one Fixed Price.

HMO Rent Guarantee No Void Periods & No Fees

You can contact Rooms in Cardiff via email info@RoomsInCardiff.co.uk

Telephone 0845 496 0000

or by completing the form below to arrange a call from one of our team.

The Court Process of Possessing a Property

We thought the following flow chart and information relating to the process of gaining legal possession of a property may be of use to all the landlords out there.  The flow chart and information is taken from the Ministry of Justice.

To obtain a court order granting the entitlement to take possession of a  property, a claimant – a mortgage lender or a landlord – must first make a claim which is then issued by a county court. Generally, the issuing process involves the arrangement of an initial hearing before a judge. At such a hearing, a judge may:

  • · grant an order for outright possession of the property at a date decided by the judge;
  • · grant a suspended order for possession of the property; or,
  • · grant no order for possession (e.g. after deciding the claimant has no legal right to take possession of the property).

The suspended order for possession of the property usually requires the defendant to pay the latest mortgage or rent instalment, plus some of the arrears that have built up, within a certain defined period. As long as the defendant complies with the terms of the suspension, the possession order cannot be enforced.

More than one order may be granted during the course of an individual case. For example, it is possible that after an initial possession order is granted, the defendant may make an application to the court for the order to be varied or set aside, which could then result in another order being made.

A granted order entitles the claimant to apply for a warrant to have the defendant evicted by bailiffs, so taking possession of the property. Only then does repossession occur. Actual repossession figures (including voluntary repossessions such as where the mortgagee or tenant hands back the keys) are only available for mortgages and are compiled by the Financial Services Authority (FSA) and the Council of Mortgage Lenders (CML).

Throughout the court process, even where a warrant for possession is issued, the claimant and defendant can still negotiate a compromise arrangement to prevent eviction.

A flow chart showing the court process of possessing a property for landlords and mortgage lenders

Rooms in Cardiff is a provider of landlord services across Cardiff and South Wales specialising in multi let property, Student housing, professional house share and house of multiple occupancy (HMO) and offer the following services:

Rooms to Rent in Cardiff  £120 Fixed Fee Tenant Finder (No Tenant No Fee)

Property Listing page to advertise your available rooms on Spareroom, EasyRoomMate, Gumtree and Zoopla until let for one Fixed Price.

HMO Rent Guarantee No Void Periods & No Fees

You can contact Rooms in Cardiff via email info@RoomsInCardiff.co.uk

Telephone 0845 496 0000

or by completing the form below to arrange a call from one of our team.

Swansea HMO a battleground for Students & Council

Swansea HMO have become the latest battleground for Students and the City’s council

Swansea Student representatives and Swansea council are involved a row over houses of multiple occupation (HMO) a house of multiple occupancy is a dwelling which is occupied by three or more unrelated individuals.

Swansea Councillors like some many councils across England and Wales want powers to control planning over HMOs in the city saying some areas have too many and that residents want their streets back but Swansea University students’ union say Houses of Multiple Occupation (HMO) provide affordable student accommodation which is vital in times of economic uncertainty and rising university fees and they fear that new powers could result in fewer affordable housing options.

Welfare officer Charlotte Britton said: “A lot of HMOs are student houses, and are some of the most affordable housing in the private rented sector.

“This makes them very popular for a lot of young people and those on low incomes in cities across the UK.

“These caps on HMOs have already been introduced in some university cities in England, due to certain lobby groups who think that stopping HMOs will solve problems such as incorrect waste disposal, poor housing standards and anti-social behaviour.

“So far, there is no proof that these caps have made any significant improvement in any of these areas.

“Swansea students’ union also shares the same view as NUS Wales, that encouraging people within their community to engage with each other and work together to solve community tensions is much more effective than using badly thought-through planning laws.”

Swansea’s Labour-led council said in its election manifesto that tackling what it called an “overconcentration” of HMOs which “blights” many parts of the city would be a major priority.

Brynmill and Uplands are areas where many students live in shared homes.

And earlier this month first minister Carwyn Jones said capping would be “the last thing” the Welsh government would do.

But John Bayliss, councillor for Uplands says the issue is not about placing a cap on the number of HMOs.

“We want to control them, we don’t necessarily want to cap them,” he said.

“The densification in my ward is the main issue. We have a problem where 80% of a certain street is HMO and the remaining 20% don’t feel there’s a community.”

Mr Bayliss said having planning control would allow the council to make sure HMOs could be placed in suitable locations.

He added that it would give them the power to force landlords to improve property standards or take their licence away.

The councillor also pointed out that there were about 1,400 HMOs in his ward and the neighbouring Castle ward.

As many of them were rented by students, he said no council tax was paid but money still needed to be found to provide services in those areas like rubbish collections.

“I think the student body have their own interest and they exclude the needs of the local community,” Mr Bayliss added.

“The statement from the welfare officer of the Swansea students’ union is unfortunate. I see their argument but it’s only one part of an argument.”

Councillors are due to meet housing minister Huw Lewis at a later date.

Rooms in Cardiff is a provider of landlord services across Cardiff and South Wales specialising in multi let property, Student housing, professional house share and house of multiple occupancy (HMO) and offer the following services:

Rooms to Rent in Cardiff  £120 Fixed Fee Tenant Finder (No Tenant No Fee)

Property Listing page to advertise your available rooms on Spareroom, EasyRoomMate, Gumtree and Zoopla until let for one Fixed Price.

HMO Rent Guarantee No Void Periods & No Fees

You can contact Rooms in Cardiff via email info@webletz.co.uk

Telephone 0845 496 0000

or by completing the form below to arrange a call from one of our team.

Swansea HMO Landlord: License Properties or Face Fines

Two Swansea HMO Landlords have received heavy fines by magistrates after failing to license their respective House of Multiple Occupation (HMO)

Fines of more than £9,000 were handed out to Huw Rees Davies of Llangennech, Llanelli and Mark Gethin Harris of Mildenhall, Suffolk.  Both defendants failed to obtain licenses for their House of Multiple Occupancy (HMO) after several reminders from the council.

Mr Davies, appeared before Cardiff Magistrates and was fined a total of £1,450 in relation to two properties at William Street and Clarence Street. He pleaded guilty to a total of 15 offences including failure to license an HMO at one property and breaching licensing conditions at another.

Mr Harris appeared before Swansea Magistrates and pleaded guilty to 12 offences linked to a house at Chaddesley Terrace. They included failure to license an HMO and failure to comply with Management Regulations. He was fined a total of £8,000.

Swansea Council is now urging landlords who rent out Houses in Multiple Occupation (HMO) in the city to check if they need a licence.

The Council was awarded a total of £2,193 costs for both cases.

Mark Child, the Council’s Cabinet Member for Wellbeing, said: “Tenants in private rented accommodation in Swansea need to be reassured that the property they are living in is safe and is maintained to an acceptable standard.

“The licensing scheme we have in place helps to verify that landlords are carrying out their responsibilities to provide good quality accommodation.

“We will continue to prosecute anyone who fails to license their property when they are required to. If landlords are unsure whether they need a licence they can contact the Council for advice.”

Swansea HMO landlords must acquire an HMO Licence and manage their property in accordance with the HMO Management Regulations.

There are around 2000 HMOs in Swansea, many of which are located in the two central wards of Castle and Uplands.

All HMOs in Castle and Uplands need to be licensed. HMOs in other areas require a licence if there are three or more floors and five or more occupants.

Landlords in Swansea can visit Swansea Council’s website for help and advice about licensing an HMO. Visit www.swansea.gov.uk/hmos  or phone 01792 635600.

Rooms in Cardiff is a provider of landlord services across Cardiff and South Wales specialising in multi let property, Student housing, professional house share and house of multiple occupancy (HMO) and offer the following services:

Rooms to Rent in Cardiff  £120 Fixed Fee Tenant Finder (No Tenant No Fee)

Property Listing page to advertise your available rooms on Spareroom, EasyRoomMate, Gumtree and Zoopla until let for one Fixed Price.

HMO Rent Guarantee No Void Periods & No Fees

You can contact Rooms in Cardiff via email info@webletz.co.uk

Telephone 0845 496 0000

or by completing the form below to arrange a call from one of our team.

Cardiff HMO Landlord fined for Management Breaches

A Cardiff HMO Landlord has been successfully prosecuted by Cardiff Council following breaches of the Management of Houses in Multiple Occupation Regulations (Wales) 2006.

The landlord, Mr. Yazdan Kayhanian of Lake Road West, Cyncoed, Cardiff, was fined £2000; ordered to pay costs of £950 and a victim surcharge of £15

The house of multiple occupation (HMO) at 116 Richmond Road, Plasnewydd, Cardiff was initially identified to be a shared house in multiple occupation in October 2009. An inspection later revealed failures to comply with the Management of Houses in Multiple Occupation (Wales) Regulations 2006. However, the landlord advised Cardiff Council officers that the property was shortly to be converted into self-contained flats.

In October 2010, a re-visit identified that the house of multiple occupancy (HMO) had not been converted into flats and remained a shared house. Mr. Kayhanian advised the case officer that the conversion would take place during the summer of 2011.

 

In February 2012, a further visit confirmed that the property was still a shared house in multiple occupation and a number of serious failures to comply with the Management of Houses in Multiple Occupation (Wales) Regulations 2006 were noted.

 

At Cardiff Magistrates Court, District Judge Charles believed that the defendant had deliberately misled the Council into not taking action when he said that he was going to convert the property into flats; that he had made a misleading statement that Keylet were responsible for the management of the property and that he had deliberately attempted to mislead the Council again by getting the tenants to sign a letter accepting some of the blame. The District Judge told the defendant that he was the ‘author of your own misfortunes’; that he was unscrupulous and that he took advantage of the fact that the tenants were students.

 

Mr. Kayhanian was found guilty of all of the charges against him. These were:

 

Offence contrary to Regulation 7 of the Management of Houses in Multiple Occupation (Wales) Regulations 2006 – failure to ensure that all common parts of the house are maintained in good and clean decorative repair and in a safe and working condition and kept reasonably clear from obstruction.

Offence contrary to Regulation 8 of the Management of Houses in Multiple Occupation (Wales) Regulations 2006 – failure to ensure that in relation to each part of the house that is used as living accommodation that the internal structure is maintained in good repair and any fixtures and fittings are maintained in good repair and in clean working order

Offence contrary to Regulation 5 of the Management of Houses in Multiple Occupation (Wales) Regulations 2006 – failure to ensure that the drainage system serving the house is maintained in good, clean and working condition in that the gully to the annex side elevation was blocked and overflowing

Offence contrary to Regulation 4(2) of the Management of Houses in Multiple Occupation (Wales) Regulations 2006 – failure to ensure that any fire fighting equipment and alarms are maintained in good working order

Offence contrary to Regulation 4(1) of the Management of Houses in Multiple Occupation (Wales) Regulations 2006 – failure to ensure that all means of escape from fire are maintained in good order and repair

 

Councillor Lynda Thorne, Cardiff Council’s Cabinet Member for Communities, Housing and Social Justice, said:

 

“We know that there are lots of good landlords in Cardiff who manage their properties well and comply with legal requirements. We want to encourage those landlords and assure them and tenants living in HMOs that we will take appropriate legal action, including prosecution, for those who fail to comply with the law.”

 

“Our approach is to work with private landlords in order to help them meet the standards that are expected of them. We can offer a range of support including advice, an accreditation scheme, help with finding suitable tenants, help with deposits and rent advances, and property checks. But we are also clear that where landlords do not meet acceptable standards, then we will act.”

 

Rooms in Cardiff is a provider of landlord services across Cardiff and South Wales specialising in multi let property, Student housing, professional house share and house of multiple occupancy (HMO) and offer the following services:

 

Rooms to Rent in Cardiff  £120 Fixed Fee Tenant Finder (No Tenant No Fee)

Property Listing page to advertise your available rooms on Spareroom, EasyRoomMate, Gumtree and Zoopla until let for one Fixed Price.

HMO Rent Guarantee No Void Periods & No Fees

You can contact Rooms in Cardiff via email info@webletz.co.uk

Telephone 0845 496 0000

or by completing the form below to arrange a call from one of our team.

ASBO HMO landlord fined for breach of fire regulations

The UK’s first residential landlord to be served with an ASBO has been found guilty of failing to comply with fire regulations at a house in multiple occupation (HMO).

The ASBO HMO landlord, Catherine Boyle, 59 of 14 Iverson Road, London NW6 was convicted at Highbury Magistrates’ Court on Tuesday 6 November.

The defendant was found guilty for failing to carry out works specified in an improvement notice from Camden Council and four breaches of fire-related House of Multiple Occupancy (HMO) regulations.

Boyle also breached her HMO licence by providing her tenants with non-fire retardant furniture.

The UK’s first ASBO landlord was fined £3,600 and ordered to pay Camden’s costs of £4,459.60. Boyle must pay the sum within four months. A failure to carry out works could see her prosecuted again by the authority.

The council had served an improvement notice on Boyle in April 2011, requiring her to carry out extensive works to rectify serious hazards by November last year.

When Camden’s inspectors paid a visit in January this year, the work had not been completed.

The council gave the defendant more time to comply. However, in May this year inspectors found that the fire detection and alarm system were not connected to a power supply, fire doors were inadequate and furniture was still non fire-retardant.

The house of multiple occupancy (HMO) also had poor thermal efficiency and windows “in a terrible state of repair,” Camden said.

The ASBO, lasting for two years, was obtained at Highbury Magistrates’ Court in January 2011.

Under the order, Boyle is prohibited from causing harassment, alarm or distress to her tenants, entering their rooms without consent, and cutting off their gas and electricity supply.

Camden’s cabinet member for housing, Cllr Julian Fulbrook, said: “We inspect all our HMOs regularly to make sure they comply with all health and safety regulations so that tenants are safe in their homes. In the most serious cases we have the power to revoke an HMO licence and take over the running of the properties ourselves.”

Rooms in Cardiff provide services to landlords across Cardiff and South Wales who own a house of multiple occupation (HMO), Multi Let property, Student Housing or a professional house share and offer the following services:

Rooms to Rent in Cardiff  £120 Fixed Fee Tenant Finder (No Tenant No Fee)

Property Listing page to advertise your available rooms on Spareroom, EasyRoomMate, Gumtree and Zoopla until let for one Fixed Price.

HMO Rent Guarantee No Void Periods & No Fees

Alternatively you can contact Rooms in Cardiff via email info@webletz.co.uk

Telephone 0845 496 0000

or by completing the form below to arrange a call from one of our team.

Welsh House Prices Set to fall in 2013

At Rooms in Cardiff we aim to provide landlords, home owners and property investor’s detailed analysis of the property market in Cardiff, Wales and across the UK.

The latest House Price report from Knight Frank bears grim reading for UK home owners and property investors in Wales and across the UK as Knight Frank predict house prices to fall across the UK with Welsh house prices predicted to fall a further 3.8%.

Key headlines of the Knight Frank report include:

  • UK house prices will not reach their 2007 peak until 2019: the longest housing market recovery on record, according to Knight Frank’s new forecast
  • UK housing transactions to rise 2% in 2013, but to remain well below peak levels for the rest of the decade
  • Tax changes forecast to weigh on prime central London prices, with no price movement expected in 2013.
  • 5 years since start financial crisis and UK housing market is not fully functional
  • Transaction levels 50% lower than in 2007 and 35% below 20 year average
  • House prices being supported by unusual economic conditions, ultra-low interest rates
  • Further correction in house prices is needed as relationship between average earnings and average house prices is well above long term average.

 

UK Regional Market House Price Growth

  20 Year Average to 2011 2007 2008 2009 2010 2011 2012 2013
East Anglia 5.8% 5.7% -16.6% 4.5% 3.4% 1.4% -2.4% -0.7%
East Midlands 5.5% 2.8% -14.2% -2.5% 1.7% 0.7% -1.6% -1.0%
London 7.4% 12.8% -15.1% 7.0% 2.5% 5.4% -0.2% -0.6%
North East 4.9% 3.7% -11.0% -2.0% 0.6% -1.0% 0.5% -2.3%
North West 4.9% 3.5% -14.4% 2.7% -1.9% -1.1% -1.8% -2.6%
Scotland 5.3% 10.1% -8.1% 1.0% -2.1% -0.8% -3.6% -3.2%
South East 6.4% 7.9% -15.7% 6.0% 2.4% 1.6% -0.9% -1.1%
South West 6.3% 6.4% -14.9% 3.8% 2.1% 0.8% -1.0% -2.2%
Wales 5.6% 4.2% -12.1% -0.3% -1.9% 1.6% -3.6% -3.8%
West Midlands 5.2% 4.4% -14.0% 2.1% 0.6% 0.4% -1.3% -2.1%

Read the full Knight Frank report here

The figures above suggest home owners, landlords and property investors across Wales should expect further house price drops so what can you do to weather the storm and shelter yourself from falling house prices.

At Rooms in Cardiff we are able to provide financial security to those of you with negative equity or landlords with empty homes by providing a guaranteed rental income for period of 12 months or more.  Rooms in Cardiff guaranteed rental income scheme is a great solution to landlords and homeowners across Cardiff and South Wales as we can help lighten the financial burden by providing a rent guarantee ensuring a monthly payment with no void periods, no set up fees and often with no maintenance costs.

Rooms in Cardiff are a specialist multi let and House of Multiple Occupancy (HMO) landlord service provider and can provide a HMO Rent Guarantee as well as providing a guaranteed rental income for apartments, bungalows, flats and homes across Cardiff and South Wales.

To discuss how Rooms in Cardiff can help relieve the financial burden of a house in negative equity or a rental property that is left empty and provide a guaranteed rental income, why not email info@webletz.co.uk or call 0845 496 0000.

Landlords lure Students with iPads & More

Yesterday a post appeared on Property Tribes “London landlords lure students with iPads as university fees bite”.  The article was first published by Reuters news agency highlighting the incentives London landlords are offering to attract student tenants as student numbers are dropping in the capital due to introduction of university fees and tighter restrictions being imposed on the number of non-EU being able to obtain a Student Visa.

Student accommodation as always be looked upon as a safe property investment with excellent annual returns but is student housing reputation looking a lot more shaky?

The problem isn’t just affecting small landlords it’s proving problematic for corporate organisations too.  Irish owned O’Flynn Group, Carlyle Group’s Pure Student Living and Quintain Estates are among developers who have struggled to fill student rooms in London this year after the British government tripled maximum university fees to 9,000 pounds ($14,400), triggering a 12 per cent fall in numbers from Britain and the EU.

Investment in student housing has risen from 350 million pounds in 2009 to some two billion pounds in the first nine months of 2012, data from CBRE Group showed. Investors are attracted by high occupancy rates and stable income streams.

Read the full article from Reuters >>> here.

Back in September Rooms in Cardiff published a post titled “Cardiff Student Housing or Professional House Share?” which highlighted the fall in student numbers across the UK, Wales and Cardiff with the aim of providing an alternative use for large family houses, Multi Let property and House of Multiple Occupation (HMO) in the Welsh capital.

The aim of the post was to draw landlord’s attention to professional house share a real alternative to Cardiff Student housing.  There is huge demand for professional house share in Cardiff as well as fantastic annual returns as professional tenants require your House of Multiple Occupancy (HMO) 12 months of the year.

As a landlord and owner of a House of Multiple Occupancy (HMO) in Cardiff you are ideally placed to utilise your property more efficiently and take advantage of the growing professional house share market.  So if you are interested in moving away from Cardiff Student housing have Rooms to Rent in Cardiff why not contact Rooms in Cardiff to discuss how we can help you find professional tenants for your professional house share with our low cost, fixed price £120 tenant finder service.

We can also provide landlords with a complete HMO Rent Guarantee scheme taking the complete hassle out of HMO and Multi Let management, with no void periods, no set up fees and no maintenance costs; we can provide a guaranteed rental income for a 12 month plus period.

Contact Rooms in Cardiff on 0845 496 0000 or email info@webletz.coc.uk to discuss how you can diversify into the professional house share market in Cardiff and across South Wales.