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Tenants and landlord failing to communicate

A study carried out by Total Landlord Insurance on a selection of landlords and tenants from across the country has revealed the growing discrepancies between the two, highlighting the need for a far greater level of communication from both parties, with the greatest percentage of tenant grievances in the East.

According to the survey, 21% of tenants say they've had a bad level of communication with their landlord and 25% of tenants also say it takes their landlord over five days to respond to problems they've reported, with the same number saying their landlord hasn't fixed urgent problems at all. Both figures, representing respondent complaints from the East and North East of the country, are the highest in the UK.

However, many landlords feel they are being exploited by irresponsible tenants, with two in five reporting having had troublesome renters. On average, two thirds of landlords said they have had tenants default on rent or not pay on time, while four out of five have lost money due to unpaid rent over the years.

Total Landlord Insurance also revealed that almost one in ten tenants say they do not have a formal tenancy agreement or contract in place for the property they are renting. Almost a third of landlords say they are unaware of their legal requirements as a landlord, which is being attributed to the surge in accidental and first time investor landlords of recent years.

Eddie Hooker, CEO of Total Landlord Insurance, said: "Landlords need to put in place standard operating procedures so that each party know where they stand when issues arise. It was particularly staggering to learn that more than half of landlords do not even have rent guarantee insurance on their properties which is one of the greatest landlord grievances."


www.letyourproperty.tv

 

Homewise - Better homes for Britain

New research reveals extreme measures some Brits take to squeeze into their homes and highlights what people really want and need from their homes.

Download the report:

The vacuum cleaner stored at Mum's house a 20 minute drive away; BOGOF supermarket food deals kept in the boot of the car; these are just two of the real-life examples of how some British households are constrained by the design of their homes. Some homeowners are not just in need of storage space for seasonal or nostalgic possessions such as an artificial Christmas tree or their old wedding dress, but their homes lack space to store very basic household items, which means ironing boards, recycling bins and even food are being stored in surprisingly inventive ways.

More storage space is one of eight key features that people need when choosing a home as revealed in a new Ipsos MORI research report published today for the Royal Institute of British Architects (RIBA).

The eight key features that people need and want from their homes today, as revealed by the RIBA/Ipsos MORI report, are:

1. Long-term and short-term storage for functional items, and for personal possessions people have chosen to keep during their lives.

2. Dedicated space for domestic utility tasks, such as vacuum cleaners, washing, drying and ironing clothes as well as storing rubbish and recycling.

3. Large windows for natural light, large rooms and high ceilings – these are typically referred to as 'period features'. A 'sense of space' is vital to people’s wellbeing, and expectations of a new home are often shaped by the homes we have lived in previously.

4.  Large main living area - for social functions such as eating and entertaining and relaxing. People typically prefer to have an element of open-plan layout to accommodate entertaining friends or family, regardless of age or lifestyle.

5. Layouts which take into account technology used within the home - we want our homes to have enough sockets and storage for technology to enable us to arrange furniture and rooms in different layouts.

6. Space for private time away from other members of the household – across all age groups, and especially where generations live together, private space makes an important contribution to our sense of wellbeing within our homes. Noise reduction within and between households is also essential.   

7. Private space outside or access to green public space in urban locations – this is important for wellbeing for all, and particularly crucial for families; parents like a safe place for children to play outside.

8. Options for different home layouts. Despite some universal needs such as flexible space to entertain and socialise, there were different needs and expectations according to the life stage or the size and age of households and families, which meant that there was no single, standard layout that would cater for all people.

Harry Rich, RIBA Chief Executive said:

'It has been over half a century since a government-tasked committee researched how households live, yet the size and designs of homes being built now are still defined by that great but out-of-date report – from a time when we had sewing boxes in our living rooms and indoor toilets needed regulating.

Until today there has been no evidence base that sets out how we are living now and what we want from our homes. This new research provides important evidence on which we can base some changes to the way our homes are designed, delivered, marketed and sold to us.'

Full Story: http://www.architecture.com/HomeWise/News/Thewaywelivenow.aspxhttp://www.architecture.com/HomeWise/News/Thewaywelivenow.aspx

 

Fact Check: The shaky foundations of the governments latest grand designs

The background

Britain’s housing crisis shows no sign of easing off, and with demand for new properties outrunning supply, the Housing Minister is now suggesting we do the building ourselves.

Grant Shapps has issued a flurry of press releases and statements in recent weeks calling on more Britons to consider donning the hard hats themselves, in a campaign designed to double the size of the self-build sector.

Central to this campaign is the claim – repeated in several variations – that ”a budget of £150,000 is adequate, in most instances, to get a three-to-four-bedroom home built”.

The analysis

Mr Shapps has helped launch a new website, The Self Build Portal, for people thinking about building their own homes.

The site features a handy budget calculator that enables us to put Mr Shapps’s sums to the test using current cost estimates from industry professionals.

But – and it’s a big but – construction costs alone aren’t the whole story.

These figures miss out the cost of actually buying the land you are going to build on in the first place, a fairly serious omission.

The verdict

Taking land costs into account, the average cost of a three-to-four-bed self-built house rises to £158,800 in Northern Ireland to £618,000 in London. Across the UK the average is £281,116.

If we accept that it’s just too expensive to build in London and leave the capital out of our calculations we get a final average of £250,490 – more realistic but still well above the £232,000 average cost of a ready-made house, according to the government’s own figures.

Full Story: http://blogs.channel4.com/factcheck/factcheck-the-shaky-foundations-of-the-governments-latest-grand-design/10583

   

Councils use financial freedoms to invest in new affordable homes

It has been dubbed the most radical change to council housing for more than half a century. Reform of the housing revenue account has meant councils have taken on a share of the national housing debt, and in return they are free to manage this debt as they wish – up to a point. In some cases that freedom will mean rushing to repay the balance as soon as possible. For others, a return to council house building could be on the cards.

Stroud district council is investing £23m in housing in the next five years by maintaining its opening level of debt and making interest-only payments to lenders. Carl Brazier, the council's strategic head of tenant services, explains: "After that time we can take a decision to increase the development programme or to clear some of the debt. That felt like a more business like approach than to clear the debt in 10-15 years."

Camden council has turned private developer, with 50% of new homes built by the authority for sale on the private market to finance new council housing. "We've got £438m of debt at the moment and £87m available to borrow. We're using the headroom as a revolving fund – we borrow to fund regeneration schemes and as the receipts come in that replenishes the fund," said Rhys Makinson, Camden's assistant director of housing. The borough has high enough demand for housing that the required level of rental income is virtually guaranteed.

Barking and Dagenham council has established a special purpose vehicle which will see council homes built with private sector investment. Council land is put in for free and the homes built with money from private investor Long Shore. The council lets and manages the properties, paying Long Shore a fixed annual yield. After 60 years the homes revert back to council ownership.

Full Story: http://www.guardian.co.uk/housing-network/2012/may/14/council-housing-finance-affordable-homes

 

Construction 'firmly back in recession' after output falls 5%

Construction is firmly back in recession and is an industry clearly suffering from the effects of public sector cuts, according to the Construction Products Association, after the Office for National Statistics (ONS) revealed output fell by 5% in the first three months of 2012.

The fall is considerably worse that the estimate of -3% the ONS previously indicated for GDP at the end of April.

Noble Francis, Economics Director at the Construction Products Association, said: "The construction industry is now firmly back in recession and, although there are some areas of growth, such as private housing, the overall picture shows an industry clearly suffering from the effects of public sector cuts. Public housing output fell 11% during the first quarter of 2012 and public non-housing, which covers education and health, fell 7% in Q1.

"Equally worrying, although government expected that the private sector would fill the void, the Q1 figures show that this was not the case. Construction output in the private sector also contracted in Q1, suffering from poor confidence and lack of lending. Private commercial, the largest construction sector, fell by 7.1% in Q1.

"The fall in construction during Q1 is greater than ONS estimated for GDP just a few weeks ago and it is clear that this will have a negative impact upon Q1 GDP, making the recession significantly worse than initially expected.

Full Story: http://www.24dash.com/news/housing/2012-05-11-Construction-firmly-back-in-recession-after-output-falls-5

   

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