If you are a Landlord who lets a rental property in the UK, could you cover your expenditure if the worst happened to your tenant’s finances and all of a sudden they were unable to pay the rent? Recovering debts or even rent arrears can be difficult and costly for landlords, without any guarantee of […]
Read MoreMore than 17% (1 in 6) of UK PRS landlords reckon that some or all of the properties in their rental portfolio’s fall into the lowest Energy Performance Certificate categories, with an F or G rating, meaning that they could end up being banned from the rental market. From 2018 under the Government’s Green Deal […]
Read MoreAn extra 1.5 million 18 to 30-year-olds are expected to apply for private rented sector (PRS) properties over the next eight years. The influential Joseph Rowntree Foundation says that one risk is that pressures on private rental accommodation could force young families out of the sector and into homelessness. The foundation forecasts that around 310,000 […]
Read MoreA new report warns of steep increases in the number of parents unable to buy their own homes meaning millions of young families are entering an era of insecurity in which renting property becomes the norm. The Cambridge University study, commissioned by the independent Resolution Foundation and the housing and homeless charity Shelter, says that […]
Read MoreThe last six months have seen the number of short-term property lets on offer in the UK rise by 2% as an increasing number of people turn to the UK private rented sector as they search for accommodation to suit to their needs. Landlords considering the future strength of their buy-to-let property portfolios should take […]
Read MoreThe decision by MEP’s to remove Buy-To-Let mortgages from the scope of a new EU Directive has been welcomed by a host of property professionals including the Residential Landlords Association (RLA) and Legal 4 Landlords. Under the original European plans, mortgage lenders would no longer have been able to take account of rental income when […]
Read MoreStuck property vendors that are being forced to make the move into the UK buy to let market, are being warned by landlord and lettings specialist service provider Legal 4 Landlords, that they need to spend more time researching the area where the property is and spend more time understanding the mechanics and legalities of […]
Read MoreThe number of tenants contacting the Consumer Credit Counselling Service (CCCS) for advice on rental issues, including rent arrears and eviction, has increased dramatically over the last 18 months, according to the charity. More than 10,000 tenants requested help during 2011. 27% more than for 2010 and it is thought a similar increase in numbers […]
Read MoreTenants without Rent Guarantee Insurance are finding Private Rental Sector (PRS) rents are becoming more difficult to afford as many are handing over more than 50% of their gross pay to keep a roof over their heads according to the online property portal, Rightmove. The average pay-to-rent ratio across the UK is 38% – but […]
Read MoreLandlords and letting agents need to be aware of the importance of having the right Landlord Insurance policy to protect their rental property assets rather than tailoring insurance policies to suit the needs of their tenants. UK landlords are discovering that some insurance companies are reluctant to cover certain categories of tenants, including students or […]
Read MoreThe Association of Residential Letting Agents (ARLA) has issued advice on the UK student lettings market to first time landlords. UK Landlords should look to the student lettings market in order to get their empty properties rented out, according to ARLA. With over 600,000 students starting university courses in major UK cities this September, the […]
Read MoreAccording to the Royal Institute of Chartered Surveyors, (RICS), latest Residential Lettings Survey, the UK Private Rented Sector (PRS) experienced sustained growth between February and April 2012, with houses in greater demand than flats. 13% of chartered surveyors reported that PRS rents had increased with tenant demand largely responsible for the growth. 15% of chartered […]
Read MoreThe National Landlords Association (NLA) have disclosed that more than half of its landlord members are unable to rent their properties to tenants claiming housing benefit because they can’t afford to allow their properties to be rented at reduced rates, due to the rate caps imposed on the Local Housing Allowance (LHA). The NLA found […]
Read MoreShowing tenants around the rental property personally is a chance for the landlord to gain a little insight into the people who may soon be living in the rental property, providing that all parties like each other. It is also a good opportunity for landlords to engage with the prospective tenants and listen to their […]
Read MoreThere are fresh fears that First-Time Buyers (FTBs) and next time buyers are being forced out of the UK residential property market by Buy-To-Let landlords. The Council of Mortgage Lenders (CML) said that 32,300 Buy-To-Let mortgage loans were made over the first quarter of 2012, a 32% increase on the first three months of 2011. […]
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