Author: Diane

Deposits

Want to know more about tenancy deposits?

Your deposit must be registered with one of these three schemes

Deposit Protection Service (DPS)
MyDeposits
Tenancy Deposit Scheme (TDS)

There are two types of scheme :- custodial and insurance-based. Any landlord can use the custodial scheme but there are some restrictions on who can use the insurance-based schemes

The only two insurance-based providers are:

MyDeposits
Tenancy Deposit Scheme (TDS)
You can only use the TDS if you belong to an approved professional body – like a trade association – where members must have client money protection insurance.

The Deposit Protection Service (DPS) is a custodial scheme. There is no charge for landlords or letting agents to use the custodial DPS

The TDS produces a Adjudication Digest on a regular basis which gives anonymous examples of deposit disputes.

Arrears climb as rents reach all-time high

This strikes me as one of the strangest headlines ever “Arrears climb as rents reach all-time high ” – perhaps it’s just not strange, just something that should probably cause landlords to stop and think.

The article goes on to say “It says that 10.7% of all UK rent was unpaid or late by the end of August – up from the 9% of rent unpaid or late in July. ” and “Rents rose by their fastest rate in a year in August, bouncing up 1.2%, ”

The findings are in this morning’s new buy-to-let report from LSL, which owns national chains Your Move and Reeds Rains.

article available here on Landlord Today

Rents going up and tenants struggling to pay? Could these two be related?

Abbey Dore Court on Country House Rescue

You might have seen Country house rescue last night – it was a revisit to Abbey Dore Court.
Charis Ward bought Abbey Dore Court in 1967 for £12,000. In 2000, Charis decided to leave Abbey Dore to live in a more manageable property and the house fell into disrepair. Charis’ s 26-year-old granddaughter Clare is determined to bring her formerly happy home back to life.

Clare asked Ruth Watson to help, but Ruth’s idea for a B&B was rejected by the family in favour of turning the house into a self-catering holiday business. Ruth cautioned them against the decision, but Charis was determined.

Find out more about Abbey Dore Court on Country House Rescue Channel 4s site

Interesting that they didn’t want to run a B&B even though it would make more money – though I think she said she might in the future.

Edward mellow Auction results

Yes I’d forgotten it was on!
Results are online now here

There are

13 SOLD PRIOR
34 AVAILABLE AT
27 SOLD AT
4 NOT OFFERED
3 SOLD POST
1 MAKE US AN OFFER!

81 lots
(I don’t get that to add up to 81 or 82 as there was a 47a)

RESULTS – AUCTION 13TH SEPTEMBER 2011
LOT 1 31 TAUNTON ROAD ASHTON UNDER LYNE LANCASHIRE SOLD AT £80,000
LOT 2 199 BARRINGTON STREET CLAYTON MANCHESTER SOLD AT £56,500
LOT 3 29 BEVERLEY STREET BLACKLEY MANCHESTER SOLD AT £39,000
LOT 4 30A SUNNYBANK AVENUE HEATON MERSEY STOCKPORT CHESHIRE AVAILABLE AT £90,000
LOT 5 2B MINEHEAD AVENUE WITHINGTON MANCHESTER SOLD AT £72,000
LOT 6 18 UPPER BROOK STREET STOCKPORT CHESHIRE AVAILABLE AT £85,000
LOT 7 84 ANNABLE ROAD BREDBURY STOCKPORT CHESHIRE SOLD AT £75,000
LOT 8 33 BIRCH ROAD CRUMPSALL MANCHESTER SOLD AT £45,000
LOT 9 1 VERNON AVENUE STOCKPORT CHESHIRE AVAILABLE AT £95,000
LOT 10 FLAT 15A THE CHELSEA TOWER PROMENADE WALLASEY MERSEYSIDE SOLD AT £50,500
LOT 11 49 CAMBRIDGE ROAD MACCLESFIELD CHESHIRE SOLD AT £90,000
LOT 12 22 PARK AVENUE FAILSWORTH MANCHESTER AVAILABLE AT £100,000
LOT 13 106-108 HENSHAW STREET OLDHAM LANCASHIRE SOLD AT £45,000
LOT 14 FLAT 5 393 PADIHAM ROAD BURNLEY LANCASHIRE SOLD AT £40,500
LOT 15 74 LADYBARN LANE FALLOWFIELD MANCHESTER AVAILABLE AT £150,000
LOT 16 2 BIRCHENALL STREET MOSTON MANCHESTER SOLD PRIOR
LOT 17 FLAT 1 TY GLAN CONWY HOUSE BRIDGE STREET LLANRWST GWYNEDD SOLD AT £35,000
LOT 18 FLAT 2 TY GLAN CONWY HOUSE BRIDGE STREET LLANRWST GWYNEDD SOLD AT £35,000
LOT 19 FLAT 10 MARTIN HOUSE 4 CONYNGHAM ROAD VICTORIA PARK MANCHESTER AVAILABLE
AT £65,000
LOT 20 19 HIGHMEAD STREET ABBEY HEY MANCHESTER SOLD AT £46,000
LOT 21 APARTMENT 1 8-10 SCAITCLIFFE STREET ACCRINGTON LANCASHIRE AVAILABLE AT
£35,000
LOT 22 APARTMENT 4 8-10 SCAITCLIFFE STREET ACCRINGTON LANCASHIRE NOT OFFERED
LOT 23 31 SHREWSBURY STREET GLOSSOP DERBYSHIRE SOLD AT £84,000
LOT 24 74 CLIPSLEY LANE HAYDOCK ST HELENS MERSEYSIDE SOLD PRIOR
LOT 25 28 CORONATION STREET OPENSHAW MANCHESTER SOLD AT £45,000
LOT 26 11 CHEADLE STREET OPENSHAW MANCHESTER SOLD AT £48,000
LOT 27 32 BOMBAY ROAD EDGELEY STOCKPORT CHESHIRE AVAILABLE AT £115,000
LOT 28 105 GIVENDALE DRIVE CRUMPSALL MANCHESTER SOLD PRIOR
LOT 29 10 HOLLYBUSH STREET ABBEY HEY MANCHESTER SOLD PRIOR
LOT 30 184-186 STAMFORD STREET CENTRAL ASHTON UNDER LYNE LANCASHIRE AVAILABLE
AT £200,000
LOT 31 5 MARKET STREET DENTON MANCHESTER SOLD AT £65,000
LOT 32 ASH COTTAGE LONDON ROAD PRESTBURY MACCLESFIELD CHESHIRE SOLD PRIOR
LOT 33 7 ST ALBANS AVENUE NEWTON HEATH MANCHESTER SOLD AT £62,500
LOT 34 60 WALTER STREET ABBEY HEY MANCHESTER SOLD POST
LOT 35 BROOKFIELD GARAGE CHRISTIE STREET INDUSTRIAL ESTATE STOCKPORT AVAILABLE
AT £70,000
LOT 36 48 BROWNING ROAD REDDISH STOCKPORT CHESHIRE SOLD POST
LOT 37 33 HERTFORD ROAD BLACKLEY MANCHESTER MAKE US AN OFFER!
LOT 38 134 YORKSHIRE STREET ROCHDALE LANCASHIRE AVAILABLE AT £83,000
LOT 39 240 THE FAIRWAY MOSTON MANCHESTER SOLD PRIOR
LOT 40 37 WALTER STREET ABBEY HEY MANCHESTER AVAILABLE AT £49,000
LOT 41 86 FREDERICK STREET DENTON MANCHESTER AVAILABLE AT £90,000
LOT 42 24 MERSEY CRESCENT WEST DISBURY MANCHESTER AVAILABLE AT £138,000
LOT 43 3 HOOTON STREET MILES PLATTING MANCHESTER NOT OFFERED
LOT 44 1 EAST AVENUE WARRINGTON CHESHIRE NOT OFFERED
LOT 45 48 HEATON ROAD HEATON NORRIS STOCKPORT SOLD PRIOR
LOT 46 70 NEW EARTH STREET OLDHAM LANCASHIRE SOLD AT £47,500
LOT 47 100 PARK ROAD DUKINFIELD CHESHIRE SOLD AT £40,000
LOT 47A 13 PENRHYN ROAD EDGELEY STOCKPORT CHESHIRE AVAILABLE AT £95,000
LOT 48 68 STOCKPORT ROAD MARPLE STOCKPORT CHESHIRE NOT OFFERED
LOT 49 1 MARKET STREET CHAPEL EN LE FRITH HIGH PEAK DERBYSHIRE SOLD PRIOR
LOT 50 BRIARSIDE 3 CWLACH ROAD LLANDUDNO GWYNEDD AVAILABLE AT £175,000
LOT 51 17 PEEL GROVE LONGSIGHT MANCHESTER SOLD AT £112,500
LOT 52 4 REDHOUSE LANE BREDBURY STOCKPORT CHESHIRE AVAILABLE AT £110,000
LOT 53 55 QUEENS ROAD OLDHAM LANCASHIRE AVAILABLE AT £180,000
LOT 54 10 OSMOND STREET OLDHAM LANCASHIRE SOLD PRIOR
LOT 55 77 ERIC STREET OLDHAM LANCASHIRE SOLD PRIOR
LOT 56 APARTMENT 41 THE GALLERY 347 MOSS LANE EAST RUSHOLME MANCHESTER AVAILABLE
AT £115,000
LOT 57 LAND AT 31 CROFTON STREET OLDHAM LANCASHIRE AVAILABLE AT £82,000
LOT 58 5 PETERBOROUGH STREET ABBEY HEY MANCHESTER SOLD AT £35,500
LOT 59 1 BUTMAN STREET ABBEY HEY MANCHESTER SOLD AT £33,000
LOT 60 3 WOODLAND ROAD GORTON MANCHESTER AVAILABLE AT £58,000
LOT 61 23 HOWGILL STREET CLAYTON MANCHESTER AVAILABLE AT £55,000
LOT 62 118 COPSTER HILL ROAD OLDHAM LANCASHIRE SOLD PRIOR
LOT 63 7 DYSON STREET BLACKBURN LANCASHIRE AVAILABLE AT £36,000
LOT 64 78 FURNIVAL ROAD GORTON MANCHESTER AVAILABLE AT £78,000
LOT 65 41 HEXHAM ROAD GORTON MANCHESTER SOLD AT £90,000
LOT 66 5 GAWSWORTH ROAD SALE CHESHIRE AVAILABLE AT £110,000
LOT 67 8 BRECHIN WALK OPENSHAW MANCHESTER AVAILABLE AT £102,000
LOT 68 162 MELVILLE STREET BURNLEY LANCASHIRE AVAILABLE AT £50,000
LOT 69 27 SHELDON STREET CLAYTON MANCHESTER AVAILABLE AT £42,500
LOT 70 79 CHELTENHAM ROAD CHEADLE HEATH STOCKPORT CHESHIRE AVAILABLE AT £110,000
LOT 71 118 HIGHER DEAN STREET RADCLIFFE MANCHESTER AVAILABLE AT £70,000
LOT 72 26 GOYT ROAD DISLEY STOCKPORT CHESHIRE SOLD POST
LOT 73 136 BUCKLEY ROAD GORTON MANCHESTER SOLD AT £51,500
LOT 74 FLAT 4 121 ASTLEY STREET DUKINFIELD CHESHIRE AVAILABLE AT £40,000
LOT 75 12 SILVERSTONE DRIVE NEWTON HEATH MANCHESTER AVAILABLE AT £90,000
LOT 76 11 FAIRHAVEN STREET ARDWICK MANCHESTER SOLD AT £50,000
LOT 77 407 KING STREET DUKINFIELD CHESHIRE AVAILABLE AT £60,000
LOT 78 27 CAMPBELL STREET FARNWORTH BOLTON LANCASHIRE AVAILABLE AT £37,500
LOT 79 40 HEATHER STREET CLAYTON MANCHESTER SOLD PRIOR
LOT 80 12 ALFRED STREET FARNWORTH MANCHESTER SOLD PRIOR
LOT 81 HEATON NORRIS CONSERVATIVE CLUB 19 HAPTON PLACE STOCKPORT SOLD AT £120,000

Their next auction is 25 October.

shameful shoebox

Many new houses in the UK are “shameful shoebox homes” which are too small for family life, the Royal Institute of British Architects (RIBA) has said
BBC News article

I think new builds are tiny, too close together and horrible.
Especially town houses which sometimes put a lounge on the first floor. They have little storage, tiny gardens and narrow garages.

Another recording studio

Huge music studioThis might be an ex-member of Delirious’s home. (see the shirt on the recording studio wall)
It’s more the sort of place I’d expect to see a music studio in.
7 bedroom house for sale
Guide Price
£2,250,000
The Street, Rustington, West Sussex, BN16

Country House Rescue is on DVD!

I didn’t know Country House Rescue (series 1) is available on DVD. What a great gift for someone who really loves this program.

Country House Rescue – Series One [DVD]

1. Cothay Manor – grade I listed medieval country house and gardens, -Stawley, Somerset.

Bought in 1993 by Mary-Anne and Alastair Robb bought
However, as a business, the manor is losing a serious amount of money, and a question mark remains over who will take over the estate in the future. With the situation at a breaking point, can Ruth Watson turn the estate’s fortunes round, and help secure Cothay’s long-term future?

2. Elmore Court – grade II listed mansion, – Elmore, Gloucestershire.
The house has been the family seat of the Guise Baronets for nearly 800 years.
The current owner, dance DJ Anselm Guise, inherited the estate in 2007 from his uncle (who had often disapproved of his nephew’s lifestyle), with the Baronetcy going to Anselm’s 77-year-old father. Now, Anselm’s laid-back approach has led to the property’s slow deterioration, so Ruth must inspire a sense of determination in the owner to save the mansion from falling even further into disrepair.

3. Chesters – grade I listed 17th century country house and estate, on banks of the River Teviot in the Scottish Borders.
The estate includes 1,500 acres (6.1 km2) and 14 estate cottages, as well as a mile of the River Teviot.

John and Ellie Henderson would like to leave their jobs in London and take up permanent residence at Chesters (John’s ancestral home), but they are unable to afford to. Can Ruth help the couple make the estate profitable enough to achieve their dream?

4. Albury Park – grade II listed country house with parkland, – Albury, Surrey.
Nigel and Jennifer Whalley bought the mansion in 2004, initially sharing the property with a number of elderly residents.

However, the other residents soon moved on, forcing the Whalleys to buy their shares in the property, and leaving the couple £4 million in debt. Ruth devises a plan for a show flat to entice new investors to the estate to save the couple from financial ruin.

5. Black Clauchrie House –
Arts and Crafts style former hunting lodge, set in 14 acres (57,000 m2) of grounds – Barhill in South Ayrshire.
Adrian and Caroline Goodall bought the property in 2004, but have yet to capitalise on their investment. Ruth tries to help the pair take advantage of their home’s heritage, but will other professional commitments help destroy the couple’s relationship, and put the future of Black Clauchrie House at risk?

6. Pentillie – 17th century castle and estate, close to St Mellion village in Cornwall.
Pentillie has been the Coryton family seat since 1698, but current owners Ted and Sarah Coryton (who inherited the estate in 2007) were determined to sell it after various family disputes. However, Ted and Sarah have fallen in love with the castle and its grounds, and seek Ruth’s professional advice to turn the estates fortunes around.