Residential Land win Asset Manager of the Year at RESI Awards 2016

RESI 2016 - Asset manager of the year

The wait is over and it is official, Residential Land has been announced winners for ‘Asset Manager of the Year’ at RESI Awards 2016.

Winners - Asset manager of the year

Congratulations to all of the other winners on the night. You can find a full list of them here >>

The RESI Awards took place on Wednesday 11th May 2016 at Grosvenor House on Park Lane where over 1400 property professionals all appeared to show their support for the property industry.

It was also great to see The Josh Carrick Foundation as the headline charity for the event and to hear that they raised over £16,000 over the course of the evening. The Josh Carrick Foundation aims to fund research into the prevention, diagnosis and treatment of testicular cancer for the advancement of health and to also provide funds for technological advances in cancer research. The foundation also wishes to help raise awareness of testicular cancer. http://thejoshcarrickfoundation.org/ 

We now look towards the RESI Conference, which will be a place to learn, debate and connect with the industry’s innovators and future thinkers and have woven into the programme numerous networking opportunities and activities.

Looking to rent a Central London property? Here are 8 things to expect from your landlord

Residential Land is prime Central London’s largest private landlord and we want to break the mould and change widely held perceptions of landlords in general. We set very high in-house standards, creating a transparent, fair business that always puts the interest of the tenant first. We want every tenant to have a positive experience when dealing with a landlord, so we have created a list of the top eight things to expect from a landlord, based on our own approach to lettings.

Looking to rent a Central London property? Here are 8 things to expect from your landlord

  1. Professionalism – your landlord is providing you with a service and therefore should act in a professional manner at all times. This means being polite, courteous and responsive – respectfully acknowledging your contact and replying in a reasonable timeframe.

  1. Fairness with fees – there are set-up fees when starting a new tenancy but tenants shouldn’t feel ripped off. Residential Land prides itself on low fees – probably the lowest in London – made possible because people are dealing directly with us as a landlord and not a letting agent. We’re completely transparent about fees – there are no hidden charges.

  1. Minimum standards – your landlord should take pride in the property they offer. When you move in you should find a clean, fit-for-purpose apartment or house. At Residential Land every property to rent in Central London is professionally cleaned before a tenant moves in. Ongoing maintenance is just as important and Residential Land keeps all its properties, including the internal and external communal areas, well maintained.

  1. Helpfulness in an emergency – the unexpected does happen and a good landlord should be there to support you. Residential Land has an emergency helpline staffed on a round-the-clock basis so you have advice and a calm voice when a property emergency does occur.

  1. Attentiveness when it comes to property maintenance – a landlord is responsible for many aspects of maintenance within a property, making sure the home environment is safe and secure. At Residential Land we aim to respond to maintenance issues within 24 hours of a problem being reported.

  1. Meeting industry expectations – although not a licensed industry (yet), lettings self-regulates and is striving to raise standards in order to provide a better experience for tenants. Residential Land and its individual employees are members of the British Property Federation, the Housing Ombudsman Service, NLA, ARLA, RICS and ARMA, participates in the outgoing Mayor’s London Rental Standard initiative and protects deposits with mydeposits.co.uk.

  1. A degree of flexibility – one of the best perks of renting a Central London property is flexibility but this can only be delivered by an understanding landlord. Here at Residential Land we offer flexible rental terms and the ability to rent on a furnished or unfurnished basis, giving tenants useful options.

  1. Ability to be reactive and proactive – a lazy landlord is a bad landlord. With Residential Land, every block and development we own has a dedicated building manager whose job it is to make sure properties and communal areas are in tip top condition. While we carry out regular inspections and scheduled maintenance, we encourage tenants to point out potential problems so we can quickly address them.

For a refreshingly different approach to lettings and a tenancy run by a professional, friendly landlord, contact Residential Land today.

What’s new on the Central London food scene?

By living in a Central London property, you are surrounded by the world’s best gastronomic experiences, with Michelin-starred restaurants, food markets, pop-up supper clubs and emerging chefs all together in one big melting pot.

The Ivy Café - the more relaxed little sister to Covent Garden’s legendary

Central London’s largest private landlord, Residential Land have rounded up the latest food news from the capital so you can plan your next dinner date.

The Ivy creeps into St John’s Wood

The Ivy Café – the more relaxed little sister to Covent Garden’s legendary The Ivy – is coming to St John’s Wood, opening on the 22nd June. The new all-day restaurant will trade in what was formerly Megan’s Café on the High Street. Diners will relax surrounded by marble floor tiles, a pewter bar, vintage leather bar stools and classic pendant lights, echoing the iconic look of its West End counterpart. Expect a classic menu with modern twists and a stunning cocktail list, featuring delights such as Garden of the Abbey – elderflower vodka, cucumber, apple, lime and cider sparkle.

Summer masterclasses at Claridges

If you’re a fan of Masterchef and fall into the Greg Wallace camp – a dessert lover – then book yourself onto one of two masterclasses running at Claridges this summer. Chocolate is the star of the show on 4th June, while the 17th September is focused on British puddings. Both masterclasses start with an introductory talk delivered by an expert, followed by a demonstration with a degree of participation, and finish with lunch in the kitchen or afternoon tea in Claridges’ sumptuous foyer.

Guilt-free eating out launches in Mayfair

Eating out should be a pleasure but if the thought of over indulgence sends you on a guilt trip, fear not. You can now nourish your body while experiencing taste sensations over at Brown’s Hotel in Mayfair. Wellbeing guru Madeleine Shaw has developed wheat, processed sugar and dairy-free menu options that will be served across the hotel’s three restaurants. Expect buckwheat, quinoa, kale and energy balls to feature.

Finally…….let the food force be with you

If you like your potato gratin served with a side of geek, keep your eyes peeled for details of a new pop-up restaurant with a Star Wars theme. The venue will be somewhere in London and has been given the name The Fork Awakens, although details of the exact location haven’t been revealed. Tickets will cost £65 each, with doors open from 23rd June to 2nd July 2016.

For a selection of houses and flats to rent in Central London close to the best restaurants and the most exciting new food ventures, contact Residential Land today.

Bruce Ritchie awarded Entrepreneur of the Year at “the PROPS” Awards 2016

Bruce Ritchie, CEO and founder of Residential Land was awarded Entrepreneur of the Year at “the PROPS” Awards 2016.

PROPS Awards

Previous winners of the Entrepreneur of the Year award:

Nigel Wray
Tony Pidgley
Gerald Ronson
Richard & Ian Livingstone
David Pearl
Philip Green
Robert & Vincent Tchenguiz
David & Simon Reuben
Sir Tom Hunter
Kevin McCabe
Richard Caring
Steve Morgan
Natie Kirsh
Teddy Sagi

 

“the PROPS” Lunch Awards took place on 10th May 2016 in the Grand Ballroom, of the London Hilton on Park Lane to help purchase powered wheelchairs for sick, disabled and disadvantaged children and young people throughout the UK.

“the PROPS” was the first property industry awards event in the UK and, 25 years on, is still the most prestigious raising nearly £9 million, which has not only funded more than 2,000 Powered Wheelchairs but also a £250,000 donation towards the Children’s Intensive Care Unit at St. George’s Hospital in South London.

“the PROPS” Awards success in a wide range of categories, from Deal of the Year, to Property Lender and Development of the Year. The list of recipients of PROPS awards over the years reads like an industry ‘who’s who’ including Trevor Hemmings, Gerald Ronson CBE, Tony Pidgley CBE, Sir John Beckwith CBE, Sir John Ritblat, Sir William McAlpine, Richard Caring, Sir Philip Green, Irvine Sellar, Sir Stuart Lipton and Michael Slade. This year’s awards will be hosted by England and the British & Irish Lions Rugby Legend Martin Bayfield.

Residential Land host the RESi Shortlist Party

On 28th April around 140 property professionals arrived at Residential Land’s Head Quarters in Mayfair for the RESI Awards 2016 shortlist party. This was attended by all of the finalists at this years event.

It was an fantastic evening, with the weather being kind, with much to celebrate for the residential property market.

Residential Land - Bruce Ritchie - RESI 2016

Residential Land is proud to be headline sponsors once again for the RESI Awards and are also presenting the award for ‘Deal of the Year’ on Wednesday 11th May at the Grosvenor House Hotel on Park Lane.

Residential Land are also shortlisted for ‘Asset Manager of the Year’.

Below are all the names of the finalists listed in their  categories.

Asset Manager of the Year – Sponsored by Yardi

• Fizzy Living
• Inspired Asset Management
• Mainstay
• Odysseus Capital Management
• Residential Land

Deal of the Year – Sponsored by Residential Land

• Apache Capital Partners/Moda Living – Joint Venture
• Cain Hoy – 2 Millharbour
• CBRE Global Investors – Derwent Living House Association (Shared Ownership)
• Ballymore – Project ACE
• Hermes Investment Management and Countrywide PLC – Vista
• Meyer Bergman – Project Soya
• Urban Exposure – The Atlas Building

Landlord of the Year – Registered Social – Sponsored by Hyperoptic

• A2Dominion
• Dolphin Living
• Home Group
• Network Housing Group
• Places for People

Landlord of the Year – Privately Owned – Sponsored by FirstPort

• Fizzy Living
• Get Living London
• Grainger
• Kexgill Group
• Places for People

Large Developer of the Year – Sponsored by CBRE

• Ballymore Group
• Essential Living
• Hill
• Redrow Homes
• Telford Homes
• The Berkeley Group

Small Developer of the Year – Sponsored by LSL Land & New Homes

• A2Dominion
• Crosslane Group
• HUB Residential
• Mount Anvil
• Pocket
• Quinn Estates
• Regal Homes

International Sales Agency of the Year

• CBRE
• JLL
• Knight Frank

PRS Deal of the Year – Sponsored by David Phillips

• Apache Capital Management/Moda Living – Angel Gardens
• Hermes Investment Management and Countrywide PLC – Baltic Village in Liverpool
• Long Harbour/Aberdeen Property Trust – One Eighty
• M&G Real Estate and Crest Nicholson – Bath Riverside
• English Cities Fund – First custom built PRS Scheme to be built in Manchester
• Quinn Estates and U&I PLC – Spirit of Sittingbourne project
• Sigma Capital Group – Gate House Bank Portfolio

Retirement Living Operator of the Year – Sponsored by Savills

• Anchor
• Audley Retirement
• McCarthy & Stone
• Renaissance Villages

Residential Investment Agency

• CBRE
• Cluttons
• JLL
• Knight Frank
• Knight Knox
• Sequre Property Investment

Residential Financier of the Year – Sponsored by Colliers International Property

• Cain Hoy
• Homes and Communities Agency
• LaSalle Investment Management
• Lendinvest
• Pluto Finance
• The Royal Bank of Scotland
• Urban Exposure

UK Sales Agency of the Year – Sponsored by Macdonald & Company

• Assetz For Investors
• CBRE
• Chestertons
• JLL
• Knight Frank
• Savills UK
• Strutt & Parker

Letting Agency of the Year – Sponsored by Roomservice by CORT

• CBRE Residential Lettings
• Chestertons
• CityWest Homes Residential
• Countrywide
• JLL
• Knight Frank

Student Accommodation Operator of the Year

• CODE Student Accommodation
• CRM Students
• Fresh Student Living
• The Nido Collection
• Unite Students
• Vita Student

Residential Consultancy Practice of the Year – Sponsored by Mainstay

• AECOM
• BNP Paribas Real Estate
• CBRE
• JLL
• Knight Frank
• Savills
• SAY Property Consulting
• Strutt & Parker

Property Manager of the Year – Sponsored by SLC Solicitors

• Allsop Letting and Management
• Burlington Estates
• FirstPort
• Fizzy Living
• Gordon & Co
• James Andrew Residential
• Rendall and Rittner
• Savills
• Touchstone Corporate Property Services

Newcomer of the Year – Sponsored by Mount Anvil

• Apache Capital Partners/Moda Living
• Ascend Properties
• Crosslane Group
• Empiric Student Property
• Marsh & Parsons
• Odysseus Captial Management
• Property Partner
• Wanda One (UK)

Development of the Year – Sponsored by Knight Frank

• Ballymore Group – Embassy Gardens
• Exemplar and Aviva Investors – Fitzroy Place
• Inspired Asset Management – Green Dragon House
• LUXLO – 77 Mayfair
• Hadley Mace – Greenwich Square
• Mount Anvil – The Eagle
• Muse Developments – One Smithfield Square
• Nine Elms Property – AYKON

Property Personality of the Year – Sponsored by Chestertons

• To be announced on the evening

Renting a property in Central London? Here are some financial considerations

Renting a Central London property is a great way to establish a base in one of the world’s most exciting capital cities and with the right financial planning, it can be a very rewarding experience.

Residential Land - Flats to Rent in Central London

The set up costs to rent a property are often cheaper than taking out a mortgage. For starters, there isn’t the same hefty deposit to pay. When buying a property, usually a deposit of 25% of a home’s value is needed to secure the best mortgage rates – which would be an astonishing £138,050 using today’s average price of a London property, according to Rightmove.

 There are fees and costs associated with renting; here at Residential Land we believe in a very transparent and open approach to what we expect our tenants to pay. We also want to make sure every tenant is aware of the financial costs of running a home, so they are comfortable throughout their tenancy.

We’ve created a quick guide to the most important financial considerations tenants should be mindful of when renting a Central London property:-

  • How much can you afford in rent each month? This is probably the most important question. Government figures suggest 35% of take home pay is what most people can afford to devote to monthly rental payments, but this could be higher or lower depending on other outgoings and financial commitments, the type of property that is being rented and in what location.
  • Have you got a guarantor? Some tenants – especially younger people who haven’t been able to build up a lengthy employment history or credit record – may be asked to provide a rental guarantor who would pay the rent if the tenant wasn’t able to. A guarantor usually needs to be a UK homeowner with steady long-term employment and a good salary and/or someone with a good credit score.
  • Budget for a security deposit. As you will be living in a property owned by someone else, it is usual for tenants to pay a security deposit of between one month and six weeks worth of rent before the tenancy starts. Residential Land is proud to hold each tenant’s deposit with MyDeposits, which is an insurance-based deposit scheme offering full cover to all deposits taken. Your deposit will be returned within 14 from the end of the tenancy.
  • Budget to pay an upfront payment. Your security deposit, will need to be paid upfront to cover the initial cost, as well as a month’s rent in advance which will continue throughout the term of the tenancy.W., It is worth bearing in mind that your last payment of rent will be a month before the date your tenancy ends.
  • Budget for administration fees. Residential Land prides itself on having some of the lowest – if not the lowest – administration fees in London at just £50. It’s one of the brilliant upsides of dealing direct with a landlord. By renting through Residential Land, you’ll cut out inflated charges levied by High Street letting agents. As a large landlord we firmly believe in keeping administration fees to a minimum, making renting an affordable start to your residency in London.
  • Ask about extra charges. Check with your landlord to see if you are expected to pay anything towards the heating and water, especially in large blocks of flats. As well as  a fee for using a car parking space or garden.
  • Budget for the ‘running’ of a home. Living in a rented property is not like living in a hotel. You’ll be expected to carry out and pay for essential jobs and DIY tasks, such as changing a lightbulb, replacing a fuse and unblocking a sink. It’s also worth checking if a property is being offered on a ‘furnished’ or ‘unfurnished’ basis. If it’s empty, you’ll need to buy furniture.
  • Don’t forget your bills – while some properties to rent in Central London will be marketed as ‘bills included’, the majority are not. Usually the tenant pays for the council tax, all utility bills (including broadband), a television licence and contents insurance.

If there is any aspect of budgeting you’re unclear of, Residential Land would be pleased to guide you through the process. Contact us today for rental advice and a wide selection of houses and flats to rent in Central London.

Great success at the Lexham Gardens agent’s garden party

On Thursday 21st April, Residential Land hosted a garden party for local agents at 85 Lexham Gardens in Kensington, W8. The event gave agents the opportunity to walk around and view all of the apartments in this beautiful stucco fronted Kensington building.

The day was a huge success with over 150 agents attending throughout the day, eager to see what the apartments had to offer. The unpredictable British weather was kind on the day allowing the sun to shine out onto the manicured garden of apartment 1, letting everyone enjoy a glass or two of Pimms. Lexham Gardens The event was a great success and we would like to thank everyone who attended and hope you enjoyed it as much as we did.

A big congratulations to Spencer from Pastor Real Estate who won the live prize draw!

A big congratulations to Spencer from Pastor Real Estate who won the live prize draw!

If you would like to book a viewing at 85 Lexham Gardens please, contact Sasha Goodwin on 020 7408 5168 or sasha@residentialland.com

Residential Land sponsors Refugee Cricket Project

Residential Land is proud to sponsor Refugee Cricket Project. Our donation has helped to get this project to a point where they are confident that the project’s future has refugee_landscape_bluebeen secured for at least two years. They have also been able to create a part time post for the project.

The combination of this and the money raised will enable to assist a significant number of separated refugee children and young people in relation to their immigration and welfare issues. At the same time the project will help them to be involved in and enjoy life in the UK through the sport they love.

Refugee Council work with refugees and people seeking asylum in the UK. They offer practical support and advice through their journey in the UK. Refugee Council has been helping refugees for more than 60 years and have a thorough understanding of the difficulties facing people arriving in the UK, having fled war, rape, torture and with unimaginable stories to tell.

If you wish to a make donation please visit Refugee Council website HERE

Market update: ‘brand’ landlord gaining momentum

The private rental sector is changing. We’re moving into the era of the professional landlord, more recently referred to as ‘brand’ landlord and the effects will be felt the most by small portfolio and accidental landlords.

Brand landlord gains momentum

Professional or ‘brand’ landlord is not a new concept, as Residential Land has been a private landlord brand since 1991. Organisations like us want to change the perception of renting, acting as professional landlords yet operating within a bigger company structure.

‘Brand’ landlord is the product of a number of current factors, although Residential Land has always been ahead of the game. There is a growing need for fair, transparent and fit-for-purpose rental accommodation and some private landlords are not in a position to deliver this. Large branded private landlords like Residential Land have the resources, infrastructure and specialist skills to deliver quality professionally-managed properties across Central London.

In fact, we are signed up to The London Rental Standard – a voluntary set of minimum standards that the Mayor expects from landlords, managing agents and letting agents that operate in London’s private rented sector. Our tenants also benefit from clean and modern properties, dedicated building managers and 24-hour maintenance support.

The lettings landscape will also alter as Build to Rent gathers pace. This Government-backed initiative is encouraging developers, organisations, charities, REITs, pension funds and other investment vehicles to build new homes, retain ownership and release the units into the private rental sector.

Build to Rent is an approach that’s here to stay. The British Property Federation has just recommended that a quarter of all public land in London be earmarked for build-to-rent projects, and that the rate of build in London should be doubled. It is also encouraging the Mayor to identify 20 new build-to-rent opportunity areas in the capital.

It’s also worth mentioning what’s happening to small property investors and one-man band landlords. The National Landlords Association (NLA) reports that the proportion of landlords in Central London who intend to sell property has quadrupled since 2015’s Budget, squeezed by a new second home stamp duty levy (from 1st April 2016), cuts to mortgage interest relief and alterations to the wear and tear tax break. This trio of changes will mean some landlords will run at a loss, perhaps prompting them to sell up and leave the private rental sector altogether.

Private lettings is becoming an institutional grade investment business with a corporate face and household names behind new rental communities. Tenants are savvy. They want a trustworthy source, professional assurances and a smart lifestyle – something that ‘brand’ landlord is ready to deliver.

If you are looking for short or long term rentals in Central London, Contact Residential Land, we have a portfolio of over 1200 flats and houses in some of the best postcodes across the Capital.

MIPIM report: World property experts shape the future of Central London PRS

MIPIM – the real estate extravaganza took place during March in Cannes. It’s probably the biggest gathering of leading industry professionals, investors, advisors and companies, and Residential Land, once again, took part, with CEO, Bruce Ritchie, sitting on a seminar panel and giving a video interview for leading industry publication, Property Week.

You might ask why an event like MIPIM is so important to tenants – both current and prospective. The Central London private rental market is at a crucial juncture. Demand is soaring and as an industry we are looking to increase the supply of decent, well managed rental property. We’re also facing uncertain times ahead of the BREXIT vote, with many experts speculating how an ‘out’ vote might affect the UK’s property market.

 Bruce Ritchie has expertly linked the two milestones together, stating that Residential Land is looking for opportunities in turbulent times. He pointed out that BREXIT is making many property owners and investors nervous, and that Residential Land will look to make wholesale purchases from those wishing to sell Central London property. The byproduct will hopefully be an enlarged portfolio of quality property to rent in Central London from our professional landlord brand. Of course, our teams will make sure every flat or house is up to scratch with an expert management team in place before it reaches the open market.

 MIPIM brings together the world’s top property investors and a large contingency of those are looking to invest in Central London, thanks to our stable economy. MIPIM is a great chance to ‘power network’ – to make valuable connections in a short space of time. Forging new partnerships is vital as lettings moves into the era of institutional investment. Both the Build to Rent programme and the property-led focus of REITs is set to inject millions into the Central London private rental sector, and Residential Land wants to position itself at the heart of investment for the benefit of our tenants. For all the handshakes and signatures on dotted lines, the objective is to always bring more quality rental property to Central London and to make renting more affordable – both will become possible with increased investment.

 It’s fitting that we conclude with a look to the future. The buzzword to come from MIPIM 2016 was ‘professional’. With private lettings set to expand, the general consensus was the industry needs professional investors, professional landlords and professional bodies overseeing the sector for the benefit of all tenants. It’s something Residential Land wholeheartedly supports.

If you’re weighing up buying or renting in prime Central London, contact us to arrange a consultation or a viewing of our extensive portfolio of properties. We’re certain to have something to suit your needs and help you make the right decision.