Inside Property Website


Broken Housing Benefit System

November 7, 2017

We are seeing an increasing number of press reports about housing benefit where the landlord is cast as villain.  Today BBC London reported on a house that had been converted into an HMO housing five tenants on benefits. The tenants were receiving the one bed LHA rate and the story argued that the landlord was receiving housing benefit for five studio flats.  I’m not a great fan of converting houses into grim HMOs with lockable doors and austere communal areas and I don’t condone greedy profiteering.  I prefer to create comfortable homes [...]


The Return Of The Humans

July 9, 2017

Have you seen ‘The Week The Landlords Moved In’ on BBC1?  Chris Norris, Sarah Davidson and I  reviewed episode one on radio show and podcast Inside Property this week.  Some of the opening salvos were a parody of landlords that wouldn’t have been out of place on a sketch show.  Successive investors tell us to “let it and forget it” and “buy low, rent high.”  “We buy property for one reason and one reason only – to make money,” one landlord proclaimed, as if a property business ran on autopilot.  The mantra that “it [...]


Airbnb Creep

May 18, 2017

I’m staying in New York this week, as ever the city offers some insights into trends that might be heading our way.  I’ve just had a look around a state of the art gym that is huge but borrows design ideas from the boutique hotel and offers one to one sit down sessions on your metabolism to aid nutritional understanding.  That’s as well as a personal trainer.
When I was looking for accommodation, I went down the Airbnb route and I’m staying with a great guy close to all the action in Hell’s Kitchen.  [...]


Top 10 Challenges Facing London Landlords

April 10, 2017

1. Regulation of Buy To Let Mortgages
The rise in Buy To Let mortgages from 5% in 2009 to 16% of mortgage lending in 2016 concerned the Bank of England.  The governor argued that if the market had a downtown, lots of landlords selling all at once could seriously affect the UK economy.  Regulation by the Prudential Regulation Authority (PRA) started on 1 January 2017 and a second phase will come into force on 30 September 2017.  Phase 1 introduces a new stress test which is being interpreted by most lenders as 145% rental [...]


Managing Without A Letting Agent

December 4, 2016

According to NLA research, 57% of landlords use letting agents.  Of these 37% are regular users, 19% occasional users and 22% use full management.  So a big whopping 43% are choosing not to use agents and many will be taking advantage of the wide range of services out there now for this part of the lettings market.
There are many advantages to using a good ARLA or UKALA member letting agent.  If you have a full time job or family commitments or if you live a [...]