FINES FOR HOUSING ILLEGAL MIGRANTS

As the channel crossing of illegal migrants keeps going up, the government are looking to crackdown on those who go ‘missing’ and illegal working.

 

New fines proposed to come in later this year, could leave landlords and employers in a bankruptcy position!

 

Who is at risk?

 

• Landlords who self-manage their properties could find themselves in the same position if their current tenants immigration visas run out and are not renewed. Presently the fine is £1,000 per occupier rising to £10,000 per occupier.

 

• Landlords who have a lodger – presently the fine is £80 per lodge, the proposed fine is £5,000 per lodger.

 

• Employers – presently £15,000 rising to £45,000 per worker and £60,000 per worker after first breach.

 

A landlord housing a family of 4 whose ‘Right To Rent’ has expired could see themselves with a fine of £40,000 under the new rules. This fine would increase to up to £20,000 per tenant for subsequent fines.

 

A landlord with 2 lodgers with no legal status to stay, will see a fine of £10,000. This fine would double to £10,000 per lodger for a repeatable offence.

 

LANDLORDS/EMPLOYERS CHECK YOUR TENANTS STATUS TODAY!

 

Of course, if you are with Move On, we automatically check and have systems in place at the beginning of any tenancy when their ‘right to stay’ is due to renew.

 

Another reason why our landlords can sleep at night knowing we have their legal obligations covered!

 

At Move On, we are helping landlords sell their tenanted properties to investors. If you would like an informal chat on your options, please Email sharon@moveon.biz or ring me 01202711169.

 

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LANDLORD LATEST NEWS

Michael Gove, the secretary of state for levelling up, is looking to bring to parliament the Renters Reform Act after the Kings coronation this month!

 

This is intended to give another shake up within the industry, including the much talked about banning of the Section 21 notice. The Section 8 notice will be amended to include new ways of gaining access to your property if the landlord is looking to gain possession of a property to either move back in or sell the property, as well as the current form where the tenant is in breach of their tenancy.

 

This will be an interesting legislation and could drive more landlords to exit the market, where rents are already at an all time high due to the lack of stock around.

 

Other news, the EPC grading of bringing all new and renewing tenancies to a ‘C’ from it’s current ‘E’ was due to come into force in 2025, with all remaining properties being a ‘C’ by 2028. This is looking to be amended to all properties being a ‘C’ by 2028.

 

And lastly, shockingly, Suella Braveman is planning a crackdown on odious landlords who ask for sexual favours in exchange for rent! Dan Wilson Craw, Deputy Director of Generation Rent, recently has said “…….. Research conducted by Generation Rent and Mumsnet estimates that over 200,000 women could be victims of ‘Sex for Rent’ in the United Kingdom.’  A new law is being looked at being created to stop predatory landlords exploiting tenants for discounted rent.

 

Let me help you have a more stress free 2023 by managing your properties. Email me for an informal chat on sharon@moveon.biz

Sharon

LANDLORDS SWITCHING TO USING LETTING AGENTS

 

A recent survey by USwitch found 63% of private landlords are turning to letting agents due to the current complexity of self-managing their properties.

 

The top 3 concerns Landlords in the survey cited were;

 

• False information on applications forms
• Repairs taking up too much time
• Being up to date with forever changing legislations

 

Using reputable agencies is so important when making this leap and I am proud to say Move On are one of the top agents in the area for being widely known as the experts in lettings.

 

From the moment an application is received, a process of due diligence is put in place to make sure the background checks tell us the proposed tenant has passed our strategic checks. But we don’t stop there! Our regular property visits during a tenancy and yearly appraisals, ensure our landlords are fully compliant with the latest up to date changes within the forever changing legislations as well as conducting rental reviews, which means our clients can be confident their individual property is receiving individual attention!

 

Let me help you have a more stress free 2023 by managing your properties. Email me for an informal chat on sharon@moveon.biz

 

Sharon

WHY RENT GUARANTEE IS IMPORTANT!

As a landlord you should be investing in a rent guarantee insurance. The benefit outweighs the costs and give you complete peace of mind.

 

At Move On, why strongly recommend this to all our landlords and if your agent cannot offer this to you, then perhaps the tenant hasn’t passed the necessary referencing?

• NO EXCESS
• RENT PAID ONCE TENANT IS ONE MONTH IN ARREARS.
• RENT PAID UNTIL THE TENANT VACATES
• ALL COURT COSTS PAID
• ALL LEGAL COSTS FOR SOLICITOR PAID

 

As an agent, we do not have a crystal ball into the future. A tenant can pass all the necessary referencing, but their situation can change – we only have to look at Covid recently to know, life is unpredictable.

 

With the cost of living and energy bills going up, this can have an impact on your tenants outgoings.

 

Costs vary for the insurance, but typically they are between £300 and £400 per annum –  a lot less than losing month’s rent!

 

Having worked in the lettings industry for 40 years, owned Move On for 17 years and have a personal portfolio of properties. I have probably gone through most challenges and the systems I have put in place pre-empt so many losses that a lot of landlords’ face. That is why Move On are known locally as the lettings experts.

 

Let me help you have a more stress free 2023 by managing your properties. Email me for an informal chat on sharon@moveon.biz

 

Sharon