Mike Weatherley, MP, intends to present a petition and raise questions in Parliament regarding rebalancing the law for landlords in respect of tenant evictions.
The eviction process is currently very time-consuming for both landlords and the courts, which are already overwhelmed with cases, and landlords are suffering significant financial loss in too many cases where there is a clear breach of contract from tenants.
Mr Weatherley intends to petition for changes in the law to speed up the eviction process where there is a clear case of either non-payment of rent or anti-social behaviour and improve the landlord’s rights to access their property in those cases.
Steve Bolton is among the speaking line-up at one of the year’s finest entrepreneur events – Unleash Your Power of Influence – to be held at the renowned Jumeirah Carlton Tower hotel in Knightsbridge on Friday 19th November.
The saga of HMO planning permission continues… In April this year the Labour government brought into force the directive that any buy to let property with more than 3 households (i.e. unrelated individuals) in it would need a planning application made to the local council.
Robert Kiyosaki said, “In the broad definition of the world, the word leverage simply means ‘the ability to do more with less’.” In terms of investment, leverage is defined as ‘the degree to which an investor or business is utilising borrowed money’; UK banks tend to refer to it as ‘gearing’. It’s also a key reason property is probably the world’s greatest money-making machine.
Ask a bank for a loan of £50,000 to invest in the stock market and they’ll laugh you out of the building, but ask for £50,000 towards the purchase of a £100,000 property and the strong likelihood is they’ll give it to you, subject to affordability and/or rental income. Property has always been, and will almost certainly continue to be considered one of the world’s safest investment vehicles, and that’s why institutions and individual passive investors are so willing to lend against it. And that willingness of 3rd parties to lend is what helps make me and you money.
Your invitation to the next Platinum Property Meet at The West Hants Club in Bournemouth, on 16th November
Join us for an early Christmas season get-together with complimentary drinks and canapés, at our exclusive networking evening for high net worth individuals who are interested in benefitting from market-beating returns.
For 20 years, Mike Anderson held senior engineer, project management and business unit management positions before becoming the youngest ever Managing Director of Teradyne Diagnostic Solutions Ltd, a $100m global business. In 2009, looking for a new venture and a business which would provide him and his family with security and passive income for the future, he began to look at franchises.