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Rent to Rent Agent Still owes £60,000
A Whitegates Franchisee who was a self proclaimed rent to rent specialist still owes approximately £60,000. Channel 4 News confronted Daniel Burton who ran Unida Place in London. As previously reported in industry press, Whitegates are allowing Burton
Buy to let lending soars 90% for Paragon
A 10% rise in profits has been announced by the ‘buy-to-let’ specialist Paragon. According to the lender, there has been a 90.5% growth in buy-to-let lending. Nigel Terrington, chief executive of Paragon, said: “Paragon has made significant progress
Lettings Fraudster Found
The owner of a Whitegates franchise who had been at the centre of a storm surrounding missing tenants deposits in relation to a London based agency has surfaced and vowed to repay his debts. Daniel Burton ran his agency, Unida Place, in Charlotte
Fraudster Takes on Lettings Franchise!!!
A self certified rent-to-rent guru who was running two businesses in London has supposedly vanished with the regular result of leaving tenants thousands of pounds out of pocket over deposits. However, the case took a peculiar twist when it emerged that
Report on Racist Letting Agents
The Equality and Human Rights Commission have launched an investigation into letting agents who are allegedly discriminating against black tenants. This is in line with a recent BBC programme which identified ten agents in the London area that showed
Shadow Housing Minister Vows to look at agent fee's
Emma Reynolds, shadow housing minister, made her first speech just three days into the new role. The main topic of her first speech was in relation to fees charged to tenants by letting agents and stated that a Labour government would review them.
New ideas for loans for bonds from Shelter
Boris Johnson, Mayor of London, has backed a proposal by Shelter that employers should be able to offer tax free loans for helping their staff with rental deposits. A Shelter survey of private tenants in 2012 found that 19% borrowed money to pay their
Rents Edge Up Slightly
There has been an annual increase of 1.2% for the 12 months to August 2013 according to the Office for National Statistics. There was still however a big difference between London and the rest of the country. In London there were increases of 1.9%,
Capita pull out of Tenancy Deposit
After joining the tenancy deposit market just six months ago, Capita is to withdraw. The whole event is shrouded in mystery with no clear reason behind their exit. The firm would almost certainly have signed a three-year contract with the Government
Buy to let lending up 30%
Loans to landlords have reached a five-year high, with the Bank’s low rates pledge predicted to propel further growth. Lending on buy-to-let has raced ahead again; industry figures demonstrate that the value of loans were up 31% on the previous
Buy-to-let mortgage business strong
Over half of mortgage brokers have reported that buy-to-let business is increasing. Of total business, buy to let mortgages account for around 22% with one in five mortgage brokers expecting a further 10% increase. Paragon, the mortgage expert,