Landlords who have to apply to the county court to evict a tenant who won’t leave their property have to pay court fees for the privilege. Those court fees have recently been increased by 25% without notice. And yes, unfortunately the implementation is instant. We’ve reported recently on the quickest way to evict a tenant […]
Read MoreProcedural inefficiencies make a landlord’s life much harder than it needs to be, and one of the biggest inefficiencies present right now involves bailiff appointments. We recently wrote about the quickest way to evict a tenant, explaining that if a tenant doesn’t budge after you’ve issued them with notice and a possession order, you have […]
Read MoreThe average UK income hasn’t been rising at the same rate as the cost of rent for tenants that want to buy their first property, and the gap between those two figures has reached its highest point so far since the recession. First time mortgage New day = new data. The Office of National Statistics […]
Read MoreThe 23rd June referendum on whether the UK should leave the European Union or not is looming. Uncertainty over the future is likely to make buyers and sellers cautious pre-referendum – you may recall the property market slowed right down ahead of the General Election, particularly in affluent areas where many were concerned about the […]
Read MoreThe market is continuing to rumble and ripple with talk of the effects of the stamp duty surcharge that is coming into force on 1 April 2016. We recently reported on how landlords with a smaller portfolio are likely to be more hard done by as a result of the surcharge than those with larger […]
Read MoreTo rent or not to rent? Historically, the ambition has been to get on the property ladder as soon as possible, but the constant rise in house prices makes this far easier said than done. The rise in house prices increases the number of people renting, which drives up rental costs, which makes it even […]
Read MoreCrowdfunding site The House Crowd recently published research suggesting that buy-to-let investors see 2016 as a negative year for their investments because of the legal changes to the sector. So much so that a fifth of them claim they intend to sell their buy-to-let properties this year – and perhaps reconsider their retirement plans. It […]
Read MoreThe courts have just awarded over £8,000 and costs to a landlord who claimed an agent had supplied unsuitable tenants. The agent had sourced references from a business with a good track record, which, although not perfect, were deemed acceptable. However, when things went wrong an argument arose as to whether all obligations had been […]
Read MoreMonday 1 February marked the first day of the new Right to Right regime being rolled out across England following a trial period in the West Midlands, which means letting landlords and their agents now have legal obligations they must adhere to – or face a hefty penalty. Right to Rent was introduced by the […]
Read MoreLandlords have the power to evict tenants, but this comes with a process. And where there’s a process, there’s a waiting time. The Association of Residential Letting Agents is currently lobbying Michael Gove, the justice secretary, to speed up the evictions of tenants and reduce the applications that have to be made before High Court […]
Read MoreSome landlords may see deposit protection schemes as unnecessary, preferring to return deposits directly if no damage occurs. However, these schemes exist to raise standards and ensure deposits are handled fairly, preventing landlords from unjustly withholding them. What is a tenancy deposit? An amount of money which is designed to cover damage to the property. […]
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1. Will I still be covered by my insurance policy when a tenant moves out? You will need to check the terms and conditions of your policy. If a tenant moves out and your property goes unlet for a period of time, some policies won’t provide any cover for the time inbetween and others will […]
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Flood-Damaged Rental Properties: Prevention, Impact, and Recovery You will have seen the devastating effect flooding has had on thousands of homes across the UK, most notably in York, Leeds, and Manchester over the last few weeks. You may even have been directly impacted. Climate change is rapidly showing the extensive physical, emotional, and financial damage […]
Read MoreAs a landlord, you have a number of responsibilities, particularly when it comes to your tenants. Sometimes issues are foreseeable, but sometimes they’re not. Specialist landlord insurance to cover all the possible issues that could pop up is an absolute necessity for landlords, and here are 5 reasons why. It protects your investment Fact: Buying, […]
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The private rented sector has consistently accelerated over the past few years; back in 2014 the Intermediary Mortgage Lenders Association predicted that if the market trends continued over 50% of UK homes would be rented by 2032. While this is good news for you letting agents, that growth also comes with additional rules and regulations […]
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