ALL Buy to let landlord you must read this

[househunter]

From 6 April 2007 (61 days away) letting property rules with regards to holding a deposit all change.

This is going to effect the whole property market, I certain lots will off load their portfolio's.

www.tds.gb.com/downloads/TDS_Rules_of_Membership.PDF

or if you then want a broader outline then

www.tds.gb.com

Edited by househunter on Friday 2nd February 08:54

[househunter]

But there are bad tenant's as well. if you read this entirely, It's unworkable as an owner of 400 properties the admin will make the system collapse, this has been rushed out after a practice scheme that failed with the level of disputes rising weekly.

Two schemes one insurance backed, one custodial (money held by third party)and three players, this one is mainly for agents, Hamilton fraser insurance who have not put out anything yet and Computerserve (custodial) who's claim to fame is they run the scheme in Victoria, Aus (totally different market) where bad tenants are placed on a secure passworded website and non payers are hoofed out from 14 days not the 3 months it takes here.

The easiest way around this is no deposit and take a local guarantor but a grey area when visiting the Court system which is at braking point, Its a sledgehammer to crack a nut job......