The latest figures show that rents reached a record high in May after four successive months rising. In May, the average rent rose by 0.5 per cent to £696 per month. The growth means the average rent is now higher than in May 2010. The average yield remained at 5.1 per cent in May. As […]
Read MoreIt’s recently been in the press that too many buy-to-let landlords are failing to claim back all the costs associated with renting out a property when they submit their tax returns. New research by Paragon shows that a failure to become fully tax-efficient is having a huge impact on landlords’ property investments as they are […]
Read MoreIt has just been reported that a husband and wife who let five flats in Salford without a license have been hit with a bill for £5,800. Warnings that they did not have the correct paperwork were ignored by owners Peter and Frances Kavanagh. They were fined £525 per property and ordered to pay costs. […]
Read MoreTenants running businesses from their rented properties have been put under the spotlight following a recent case in Nottingham. The tenant in question hadn’t set up as a local AVON rep or as a web designer working from a back bedroom, no, this individual was running a scrap metal business from his front garden for […]
Read MoreLatest Landlord News by: Madalena Penny Rents increased again in April, according to latest data captured by LSL property services. In their most recent Buy-to-Let Index, LSL recorded a 0.8% rents rise across average rents in England & Wales, a rise averaging out at £692 per month for a typical property. As you would expect, […]
Read MoreLatest Landlord News by: Madalena Penny 10 skips, mattress’s and an old sofa was still not enough for one private landlord to barricade in tenants and deter them from leaving a plush £1million rented property. For someone who has written for the private rented sector for some years, there is something very odd about that […]
Read MoreLatest Landlord News by: Madalena Penny Controversy surrounding local licensing and planning policies imposed on landlords in the private sector has again stepped up a pace. Hundreds of landlords have won the right for a judicial review over HMO selective licensing schemes imposed by local authorities. Last week 350 landlords in the Accrington area were […]
Read MoreLatest Landlord News by: Madalena Penny Do-it-Yourself landlords are falling foul of harassment code, warns ‘Legal 4 Landlords’. The private landlord legal experts with a national presence across the UK are advising landlords new to the BTL industry to review methods when contacting tenants. Private landlords using unprofessional self-employed agents recruited socially and paid on […]
Read MoreLatest Landlord News by: Madalena Penny An increase in the of the number of Buy-to-Let properties repossessed increased by 0.13% for the first three months of this year compared to Q4 2010. 1,700 BTL properties were taken by lenders in the 3 months running up to March 2011 – a rise from the 1,400 reclaimed […]
Read MoreLatest Landlord News by: Madalena Penny Will landlords reduce the number of tenancies offered to housing benefit claimants? An alliance of private rented sector, property and charity bodies are to take on the DWP over direct housing benefit payment policy, due to be introduced in 2013. Under the new proposed Universal Credit system, benefits […]
Read MoreLatest Landlord News by: Madalena Penny Ask any letting agent and it’s the same story…..they need more private landlords with decent, available accommodation to let. Since the great property famine descended upon the UK and house prices bombed and sales became stagnant, estate agents focused through necessity on lettings in the wake of restricted mortgages […]
Read MoreA RADICAL shake-up of the county court eviction process is needed to help landlords get rid of problem tenants, according to a lettings industry specialist. Sim Sekhon, director of Legal 4 Landlords, is calling on both Her Majesty’s Court Service (HMCS) and the Government to reform the way tenant evictions are handled in court. Sim […]
Read MoreLatest Landlord News by: Madalena Penny Local authorities across the UK are stepping up campaigns to overhaul properties rented out by private landlords. Last week, housing enforcement staff at Derby City Council announced they had been called in to inspect up to 700 homes in the borough in the last 12 months due to […]
Read MoreLatest Landlord News by: Madalena Penny Love it or loathe it, as residential rental property increases in value across London and a divide between north and south widens, the same trends appear to befalling Scottish regions. Extensive research by ‘Citylets’ shows like for like tenant-demand and are riding high with property hotspots, mainly in Aberdeen […]
Read MoreLatest landlord News by: Madalena Penny As residential rental scams reach an all time high, involving elaborate cons costing unsuspecting tenants thousands of pounds in lost deposits and rent, the rise in unethical letting agents riding on the continued wave of tenant-demand is also reaching unprecedented levels. Last year, the Property Ombudsman (TPO) revealed that […]
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