View more on these topics

Decorators refuse to leave

The Association of Residential Letting Agents has dismissed a case of decorators refusing to leave a property as uncommon and says this is not an issue that should concern landlords.

Buy-to-let landlord Nita Bowers bought a 215,000 flat in London’s Poplar High Street two months ago.

When she visited the property she noticed that two Polish decorators were working in it and when she questioned the vendor she was told the property was vacant.

The decorators have since refused to budge and claimed squatters’ rights. The police have refused to help and Bowers is going through a drawn out and costly legal process to get a court order to evict the squatters.

Bowers says: “I thought it would be wonderful. I would be able to rent the property out and then sell it as prices go up. I was shocked to find squatters in my first buy-to-let property but am not going to be put off making further purchases in the promising world of property investment. However, I am going to be careful.”

A spokesperson for ARLA says this should not worry buy-to-let landlords.

He says: “This case is unusual. I have never hear of anything like it before. However, owners should be careful who they employ to work in their homes and who they lend their keys to.

“The chances of something like this happening again are negligible. It is not an issue for the buy-to-let market.”

Lee Grandin, managing director of Landlord Mortgages, says: “The key issue here is that solicitors make it clear you need to gain vacant possession on completion. I have never heard of this before but if scams like this work people should be aware of them.”

Recommended

NHER launches training programme for energy assessors

The National Home Energy Rating scheme has launched a new training and assessment programme to ensure that there will be enough qualified energy assessors in time for June 2007.The programme will ensure that government plans to introduce Energy Performance Certificates next June will definitely happen.NHER’s domestic energy assessor programme includes eight days of intensive training […]

NAEA reveals buy-to-let market is still buoyant

The National Association of Estate Agents has launched its new quarterly lettings survey, revealing that the rental market in the third quarter of 2006 was buoyant and strong. The increase in property prices that consistently acts as a barrier to first time buyers, matched with the influx of Eastern European immigrants is continuing to fuel […]

Blackwell quits

Mark Blackwell has quit The Derbyshire after two and a half years as marketing director.

Mortgages PLC completes securitisation deal

Mortgages PLC, the UK residential lender and wholly owned subsidiary of Merrill Lynch, has completed a securitisation deal for a total of £650m of mortgages.The bonds, which are predominantly AAA rated, have been issued via Merrill Lynch to a number of investors including leading banks and insurance companies. The issue was the first by Mortgages […]

Newsletter

News and expert analysis straight to your inbox

Sign up