Send us your story Let us know your important news and the best articles will be included. Simply use the email link below to send it to us. Email the editor now: casey@letsafe.net Landlord repossessions up again for 2nd quarter of 2008 >> Official statistics published on 15th August by the Ministry of Justice confirm the fears of many that more and more tenants are defaulting with the payment of their rent and/or fail to vacate when they should. LetSafe achieve a 98%+ return within 2 days on their Tenant Referencing >> LetSafe were pleased to see that recent reports clearly showed over 98% of their Tenant Checks being returned to their clients within 2 working days. Susan Garland, Manager of the Tenant Referencing team gave us her comments on this achievement. "We have seen a great number of new joiners come on board with LetSafe in 2008. Lettings on the rise as Estate Agents feel the pain >> "Over the last decade many butchers and greengrocers found themselves evicted from high streets to provide property-obsessed Britain with a new staple - the estate agent. With their branded cars and increasingly plush offices, they became a symbol of the country's love affair with house prices.
But in a corner of South West London last week, the cars were parked as bored agents waited for the phones to ring.
On a stretch of Lavender Hill - a stone's throw from Britain's busiest railway station Clapham Junction - there are a handful of takeaways, a pub, and just the twenty-six estate agencies." Making the choice >> "More people are opting to rent rather than buy with the private rented accommodation sector forecast to rise by 13 per cent over the next five years - according to latest research from a leading property authority. But tenants and landlords are being warned to watch out or risk facing huge losses. The research, carried out among letting agents in the UK, indicates that the majority of letting agents (89 per cent) believe the lettings industry will grow over the next five years and names employee mobility, possible increases in interest rates, shortage of affordable housing and the availability of personal finance for investment in buy to let as the main reasons for growth." Headline News >> The demise of the Erinaceous Group... "The demise of Erinaceous, the self-styled "one-stop property shop", has brought to a close a multi-million pound tale of boom and bust that spanned the golden years of the UK property market. By calling in administrators..., Erinaceous effectively threw in the towel..." Landlords Losing Rent and Profits... "Some 17% of the 500 landlords surveyed said they had missed a mortgage payment in the past quarter because tenants had not paid up. Despite these concerns, landlords intend to stand behind their property investments. Some 44% said property would be their main source of income in the future." Product News... "We have introduced our Complete Landlord Legal Service as proof of our ability and continuing commitment to provide our clients with innovative products and services that have clear benefits to a rapidly changing market". Mark Aston M.D. LetSafe (UK) Ltd. LetSafe New Appointments... Mike Summerhayes has been appointed as Director of Legal Services overseeing the LetSafe Complete Landlord Legal Protection – a new 3 stage fixed fee legal service for landlords, who do not have the benefit of legal expense insurance, to obtain vacant possession of their properties against tenants who do not pay their rent or fail to leave when they should. Mike brings a wealth of experience to LetSafe, having provided support to the lettings profession; private and social sector landlords and legal expense insurers since 1993. Before specialising in residential landlord and tenant matters, he was engaged in private practice; commerce and the local government sectors specialising in property related litigation.
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