As the three main political party conferences have drawn to a close, it’s clear the subject of housing policy was low on the agenda for all.  With no real shock announcements to dominate the headlines, the main topics discussed had all been anticipated in advance.  Read on for a short summary of the key points made by each party. Liberal Democrat Party - Scrapping Section 21
Zing Mortgages of Southend are one of only twelve companies nationwide chosen by West Bromwich Building Society to pilot their new Ltd Company Buy To Let (BTL) product. Key features include : 2 year fixed rates starting at 2.54% at 75% (Market Leading) All products come with FREE valuation Up to 10 properties or £2.5m with West Brom, no matter what you have elsewhere First time buyer / first time landlord acceptable No personal guarantees required In Q3 2018, there were 22 BTL lenders lending to limited companies, up 47% on the 15 lenders operating in the market in Q3 2017.
Southend Council has recently earmarked £50,000 to fund the launch of a landlord licensing scheme, within the Southend Borough. Citing problem areas exhibiting anti-social behaviour, higher than average crime and deprivation, the council are seeking to target poorly managed private rented properties, by vetting the landlords. The scheme will be partially funded by the imposition of a license fee of £750, payable every five years. The scheme is also likely to fine non-compliant landlords – similar schemes elsewhere have seen fines as high as £30,000 – and even ban persistent offenders from letting properties.
From April 2020 all properties must have an Energy Performance Certificate of rating E or lower.  It has been necessary for new tenancies for some time, but existing tenancies are now included.  Also, we’ve noticed that banks are now asking to see EPCs at the point of sale, as are purchasers’ solicitors.   So, it’s time to check your certificates now and make sure they are accurate and valid. If you need a new EPC, please call the office today on 01702 445600.  For a fixed price of £99 + VAT we can organise a new certificate for you, liaising with the tenant and surveyor on your behalf.  Beat the rush and act now!    
Following meetings held in mid-September, members of the Residential Landlords Association (RLA) and the National Landlords Association (NLA) have voted for the two organisations to unite to form the National Residential Landlords Association (NRLA).  By backing plans for its two largest representative bodies to merge, the association members will be providing a stronger voice for the private rented sector.


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