Opportunity to view the last harbourside development

'Bristol Res' Blog • 01 February 2019

Anyone visiting Bristol’s Floating Harbour recently will have seen the last development along the waterfront taking shape.  Brandon Yard sits on the site of the Canon’s Marsh Gasworks.  Derelict since the 1960’s this site is being transformed into a prestigious waterfront development  of 1, 2 and 3 bedroom homes by Acorn Property Group.  With a regional office in Bristol, Acorn has just completed the successful Loft House development in Bishopston and will be commencing on Brooks Dye Works later in the year.

Acorn are offering an opportunity to take a hard hat tour of Brandon Yard – by appointment only – tomorrow Saturday 2nd February.  In addition to superb 1 bedroom investment apartments there are also wonderful larger apartments that would have a special appeal to owner occupiers.

Danny Dean of The Bristol Residential Letting Co has already toured the development and would be pleased to advise any investors interested in purchasing at the site.  Please e mail or contact him on 01179735237

To book a ‘hard hat’ appointment please e mail Acorn directly.

Just lettings, just Bristol

The Bristol Residential Letting Co to switch to taking a 5 week deposit.

Following confirmation that the Tenant Fee Bill will now become law on the 1st of June all letting agents are under a time pressure to ensure they comply with the incoming regulations.

New rules on the size of the deposit being taken on a tenancy come into force as part of this Bill.  As of 1st June 2019 a maximum deposit equal to 5 weeks rent can be taken on all new tenancies ( other than company lets), and 12 months later,  deposits on existing tenancies must not exceed 5 weeks rent either.  Currently the standard deposit is equal to 6 weeks rent.  Although the government are yet to clarify this, it is expected that on current tenancies going beyond June 2020 a portion of the deposit will need to be returned to ensure no more than 5 weeks is held.

In a proactive step The Bristol Residential Letting Co has decided to switch to taking 5 week deposits from the 1st of February 2019 in an attempt to minimise confusion amongst tenants and landlords through June 2020.

The concern over taking a lesser deposit from a tenant is the potentially increased exposure at the end of a tenancy.  We are confident however with the expertise and pro-activeness of our Accounts Team and Property Managers, who complete over 600 check outs a year, we are well placed to avoid such issues.

Just lettings, just Bristol

Electrical certification to become mandatory in rented property – at last !

2019 is proving to be the year of action from the government in terms of the private rental sector.  Following on from the Tenant Fee Ban and the need for landlords to join a Property Redress Scheme the government have finally made the following step on the important issue of electrical safety.

The Ministry of Housing, Communities and Local Government (MHCLG) announced that mandatory five-year electrical installation checks on private rented housing in England will be introduced in a phased approach.

Whilst the implementation date has not yet been clarified, MHCLG has stated its intention to introduce legislation as soon as parliamentary time allows, with letting agents and landlords being given at least six months to familiarise themselves with the new legislation before it comes into force.

A transitional period will apply for two years. In year one, all new private tenancies will be affected and in year two all existing tenancies will come within scope.

Properties that already have a valid electrical installation condition report (EICR) will not need to replace it until five years have passed since it was issued.

All EICRs will need to be carried out by an appropriately qualified individual and tough financial penalties will apply where the legislation isn’t complied with.

Minister for Housing and Homelessness Heather Wheeler MP said ”The new guidance will provide clear accountability at each stage of the inspection process – of what is required and whose responsibility it is – but without placing excessive cost and time burdens on landlords.”

The Bristol Residential Letting Co has long understood the importance of electrical safety in rental properties and already adopts a policy of requiring a valid EICR for all properties under management.  We have our own highly qualified electricians who not only ensure the safety of our properties but are also used to working with tenants and landlords.

A large proportion of the private rented sector doesn’t currently meet this electrical criteria and with a limited supply of qualified contractors it is anticipated that real problems will exist for landlords trying to achieve the certification and necessary remedial work within the transition time frame.

If your property requires electrical work and you would like to benefit from the use of The Bristol Residential Electrical team then please contact me about switching to our fully managed service.

Just lettings, just Bristol