Half a million council tenants to lose the Right to Buy their homes.
The Government is to considerably tighten up the eligibility criteria, therefore effectively ending Margaret Thatcher’s revolutionary Right to Buy scheme first seen in the 1980’s. These changes being brought in under Angela Rayner’s overhaul of this scheme will mean half a million tenants will no longer be able to buy their own homes.
The Government is proposing to change the discount structure and increase the requirement for tenants to have lived in their homes for between three to over ten years to qualify for the scheme.
No one can argue that Right to Buy has been anything other than a great success enabling over two million tenants to become homeowners. Some critics have blamed Right to Buy for causing a shortage of social housing. However, a significant proportion of these former Right to Buy homes have been rented or resold providing homes for thousands of people.
The original Government plan at the time was that councils would be able to use the money Right to Buy generated to build replacement homes, but as a result of various rules, restrictions and other pressures on the public purse the money has mostly gone to other areas.
Aldreds Property Management and Lettings goes from strength to strength.
A great achievement by David, Susie and the team in Aldreds Lettings who have more properties let and managed for clients now than at any time.
This bucks the trend where due to the changing landscape many landlords have been exiting the market and estate agents have been noticing their properties under management falling.
Much of this success has been achieved by taking over managed and let properties from other agents whose services and charges have fallen short of the landlord’s expectations.
If you are thinking of letting a property or have a let property you would like to talk to us about managing call David McMaster today on 01493 849111 or This email address is being protected from spambots. You need JavaScript enabled to view it.
Aldreds Property Management and Lettings goes from strength to strength.
A great achievement by David, Susie and the team in Aldreds Lettings who have more properties let and managed for clients now than at any time.
This bucks the trend where due to the changing landscape many landlords have been exiting the market and estate agents have been noticing their properties under management falling.
Much of this success has been achieved by taking over managed and let properties from other agents whose services and charges have fallen short of the landlord’s expectations.
If you are thinking of letting a property or have a let property you would like to talk to us about managing call David McMaster today on 01493 849111 or This email address is being protected from spambots. You need JavaScript enabled to view it.
Corporate Letting Agents Fees – Beware!
With the strong possibility of more investor landlords leaving the Private Sector Rental market than entering, many letting agents, especially the National corporate chains, will look to squeeze landlords even harder in order to maintain income levels. Most agents already add a fee of anything between 10% - 20% on top of all repairs and maintenance and the majority of their landlords are unaware as this is buried in the small print. Some of these agents charge for absolutely everything other than the standard management, reading from one local corporate agents fees ‘menu’ they charge for all sorts of things that are core to providing a good service, such as lodging the deposit, tenancy extension and rent review, copies of rent statements, arranging re-decoration, service of notice, dealing with deposit disputes, charge should a landlord want to use their own tenancy agreement, additional fee for Right to Rent checks, tenancy agreement amendments at the start of the tenancy, amendments to the inventory to name but a few. We at Aldreds feel that these charges are un-necessary (and we do not charge for any of those items) and should be an integral part of an honest and transparent service to our clients. If you are choosing an agent or looking to move agents, take time to read the small print and chose an agent that views you as a valued client and not a ‘cash-cow’
December Performer(s) of the Month!
We have two 'Performers of the Month' for December. Susie and Michelle in our Letting and Property Management Department. Working two team members down due to illness in December, over Christmas and early January they really worked hard and pulled out the stops to get tenants moved and make sure landlords got the service they expect from us.
