UK Landlords Unaware of Legal Obligations There have been several reports in the national media recently about UK landlords facing prosecution for ignoring their legal responsibilities. The press reports suggest that new, accidental or reluctant landlords are not aware of their full rental property and tenant care responsibilities. There are a number of aspects that […]
Read MoreBuy To Let Mortgages Continue To Lead The Way In UK Property Market Re-mortgaging activity in the first quarter of 2013 saw UK mortgage lending reach a new high, with more landlords trying to raise finance to buy more suitable residential properties with a view to letting them out to tenants, according to the latest […]
Read MoreResults from the latest Quarterly Lettings Index survey by Countrywide have revealed a highly favourable rental market for UK buy-to-let landlords in the private rented sector. The Countrywide quarterly lettings index analyses all UK PRS rental prices, rent arrears and gross rental yields and is the UK’s largest national lettings index based on over 50,000 rental […]
Read MoreTenant Referencing and Rent Guarantee Insurance are vital services for all UK landlords Ensuring a regular rental income is paramount to the survival of the rental business for all UK landlordsand rent guarantee insurance offers financial protection and peace of mind for landlords and their tenants. Regardless of a tenant’s financial and employment circumstances, it […]
Read MoreThe cost of renting in the UK private rented sector (PRS) fell in England and Wales during February, according to a recent report published by LSL property services. Recent figures showed that the cost of renting in the UK PRS during February was 0.1% less when compared to January 2013; however the overall price of […]
Read MorePeriodic Inspections Save Landlords Money UK private rented sector (PRS) landlords are missing the tell tale warning signs of damage to their rental assets because they do not carry out regular periodic inspections of their rental properties and they have poor communication with their tenants. The result is that many landlords end up having to […]
Read MoreIt looks like 2013 could be a very busy year for UK Buy-To-Let, according to the Association of Residential Lettings Agents (ARLA). The average number of rental properties owned by BTL landlords rose from 7 to 8 in the final quarter of 2012, and the market expansion looks set to continue throughout 2013 as better […]
Read MoreIn the UK private rented sector, the average rental price for a residential property now stands at a staggering £777 (GBP) per month across the whole of the country, but there are some regional differences. Private sector rents in Greater London rose by 6.7% during the last 12 months to reach a regional average of £1,224 […]
Read MoreIn the UK the combination of high tenant demand, increasing rents and realistic vendor pricing of properties for sale has been a major driving factor behind the increase in PRS rental yields. Buy-To-Let rental yields increased from 6.1% to 6.7% over the last quarter of 2012, with the biggest jump in the private rented sector […]
Read MoreWhen the financial crisis started in 2007/8, mortgage lending in the UK almost stopped because mortgage lenders became wary of the toxicity of sub-prime mortgage loans and raised their lending criteria to unprecedented and highly restrictive levels, virtually killing the UK property market. This meant that empty properties became financial millstones for many people who were unable […]
Read MoreTax Year Deadline is 31st January 2013 Despite all the awareness campaigns and TV advertising, Her Majesties Revenue & Customs (HMRC) repeatedly attempt to tell us that completing a self assessment tax return doesn’t have to be taxing! However, as anyone who has ever completed a self assessment tax return will tell you, the evaluation […]
Read MoreThe number of tenants in severe rent arrears declined by 15.6% during the final quarter of 2012, according to data released by Templeton LPA, part of the LSL Property Services group. The data indicates that in the last quarter of 2012, almost 16,000 fewer tenants faced severe rent arrears of more than 8 weeks rental […]
Read MoreResidential property values increased by an average of 1.3% in December 2012 but according to the latest figures released by the Halifax, property values are likely to end 2013 at levels close to where they began. The Halifax House Price Index revealed an average residential property price of £163,845 (GBP), up from £161,795 (GBP) in […]
Read MoreProperty experts and economists have predicted that the 2013 residential property forecast for the UK is going to remain much the same as last year. This is good news for all property investors, who are able to get finance, but not welcome news for struggling first time buyers as the UK residential property market remains […]
Read MoreWell it’s January 2013 and it has become a bit of a tradition to start the New Year with inspirational quotes and positive affirmation messages, in order for landlords and property investors to start the year with a positive mental attitude. “Someone’s sitting in the shade today because someone planted a tree a long time […]
Read More
Download your FREE guide to understand what’s changing and how to stay compliant.Get expert insights now. Enter your details to access the guide.
