Tag Archives: property owners

Housing equity down due to lack in activity on the market

April 2, 2012

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The BBC have reported today about how the ‘lack in activity’ in the housing market is now affecting the latest injection of equity into UK homes.

The Bank Of England have commented saying that the last three months of 2011 the housing equity withdrawal remained negative.

The low levels of sales has majorly reflected the £8.5bn injection of equity, this mainly being because of high mortgage costs and home owners struggling with costs.

After the financial crisis hit the country in 2008 property owners have stopped taking on more debt by moving into a bigger property and buying extravagant items such as brand new cars. People are now trying to concentrate more on getting back on track with mortgage repayments.

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Property owners should be aware, protect your tenants or be prosecuted!

October 19, 2011

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A man from Huddersfield prosecuted for failing to stick to his landlord duties

A man who rented out his property in Huddersfield has been prosecuted for ignoring the persistent warnings in relation to gas safety in the property. Property owners, many of whom already invest in landlords building insurance, should take extra care and take gas safety seriously and should be reminded of the dangers if they do not protect their tenants.

Gas appliances should be checked by a gas safe registered engineer and give tenants proof and peace of mind that all the checks have been done and everything is operating safely in the property.

Dr Angus Robbins is health and safety executive inspector and inspected the case, said : ” In addition to the risks of fires and explosions from faulty gas appliances, many people are made ill, and some 20 people dies from carbon monoxide poisoning every year owing to poorly maintained gas appliances.”

The landlord prosecuted was fined £3,000 and ordered to pay £2,089.25 in costs.

source http://www.hvnplus.co.uk/news

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