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Showing posts from April, 2016

Welsh National Assembly Property sold to Dodgy offshore landlord by KnightFrank investment partner

The National Assembly doesn't know who its landlord is as the site was bought last year for £40.5m by firm in British Virgin Islands tax haven.


 Royal Opening - Welsh National Assembly - June 2011The National Assembly’s landlord is a shadowy company based in the tax haven of the British Virgin Islands – and AMs have no idea who is benefitting from the annual rent of more than £2m it pays to the owners.

Private Eye magazine has launched a section of its website – www.private-eye.co.uk/registry – with an interactive map that gives details of landholdings owned by overseas interests.

It shows that Ty Hywel, the office block linked to the Senedd building that houses AMs’ offices, is owned by a firm called Broader Company Limited that bought it in March 2014 for £40.5m. The building was part of Aviva’s Insurance - Cardiff Waterside estate.At the time the property was being jointly marketed by Knight Frank investment partners Rob Jones, based at the firm’s Cardiff office and London-based S…

new property startup Cornwall Property Company has launched -aiming to provide a simple way to sell property.

The Cornwall Property Co comprises of select property buyers, mostly investors and developers, looking for property projects. It plans to reach out to sellers directly and offer a hassle-free transaction and an option to selling on the open market.


co-founder, Morveth Ward

The Cornwall Property Company co-founder, Morveth Ward , commented: “Doing it this way we remove a lot of the variables that commonly hinder selling by only working together with reliable and experienced buyers who have finance in place and no chain. This means that the seller can benefit from a good price and the most straightforward sale.

“We recently purchased some land and from the initial point of contact with the vendor to completion it took less than 14 days whilst achieving open market value and saving cost.”

The St Ives based business is now looking for further properties and property buyers.

Ward added: “We’re looking for project property of any description, anything from a property requiring modernisation up t…

10 per cent of landlords have no formal tenancy agreement in place with their tenants

10 per cent of landlords have no formal tenancy agreement in place with their tenants
Among landlords who don’t use a letting agent, 58 per cent are using contracts they have adapted themselves and which may not be legally binding as they have not been checked by a lawyer13 per cent of landlords have experienced disputes arising from a tenants’ rental contract in the last two yearsNine per cent of landlords have not informed their tenants their deposit is held in a government-backed tenancy deposit protection scheme (TDP)Direct Line for Business launches new Legal Documents Service, which gives new and renewing landlord policyholders access to tenancy agreement templates they can complete and which can be reviewed by an accredited law firm to ensure they are legally compliant
New research by landlord insurance provider Direct Line for Business1 reveals one in ten private landlords has no formal tenancy agreement in place with their tenants.

The research exposes that where contracts are …