Report shows huge shift from owner-occupied homes to lettings If you wanted proof that the rental market is growing, Countrywide has come up trumps. The UK’s largest letting agency has released an extensive report into the private rental sector which shows that more than two million homes have changed tenure over the last decade. Around […]
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Landlords at Risk of Criminal Liability Under the Immigration Bill Landlords or their agents will automatically be committing a criminal offence if told by the Home Office that a tenant is living in the UK illegally. At least, that’s the extremely unfortunate situation to be faced if the 2015 Immigration Bill comes into force as […]
Read MoreIt’s all very well for the Government to set ambitious house-building targets – as long as there are sufficient construction workers to actually build them. According to a report by Randstad Construction, Property & Engineering, hitting the Government’s target of building one million new homes by 2020 means creating one million more construction jobs within […]
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UK Private Rental Sector Rental Prices Still Growing Albeit At A Slower Pace Private rental sector (PRS) monthly rental prices have continued to increase across the UK, although price rises have slowed significantly, reaching a new high of £995 (GBP) per month during September, according to new research. The latest HomeLet Rental Index found that […]
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Landlords Who Operate Outside The Law On Tenant Evictions Will Be Prosecuted There are reports in the press about private rental sector (PRS) landlords failing to follow the correct tenant eviction procedures when trying to get problem tenants out of their properties and many are ending up on the wrong side of the law. There […]
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2015 Private Rental Sector Tenancies Are More Than Double 1985 Figures A UK think tank claims that the number of tenants renting private rental sector properties has more than doubled since 1985. According to research conducted by ResPublica, 22% of all UK properties are in the UK private rental sector (PRS), more than double the […]
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LegalforLandlords – New Brand, New Image – Same Great Service! LegalforLandlords are already established as the UK’s market leading specialists in legal, referencing and insurance services for landlords and letting agents and the private rental sector. The original company – Legal4Landlords started back in 2009 as a way to help private rented sector landlords with […]
Read MoreAccording to the latest quarterly index published by Countrywide lettings agency there has been a 6% annual growth in the number of tenants over the age of 50 renting property in the UK private rented sector (PRS). The lettings agency also report that there has been a 7% annual decline in the number of tenants […]
Read MoreHome Ownership Figures Drop Sharply in last 10 years New census figures reveal that the number of private rental sector tenants has doubled, whilst the proportion of people who own their own home has fallen dramatically. The latest figures from the Office of National Statistics (ONS) show that one in five families in England, (1.2 […]
Read MoreIllegal immigrants to be banned from renting property in the UK Private rental sector (PRS) landlords will be risking a fine of £3000 for breaking the law by letting rental property to illegal immigrants without doing proper background checks and comprehensive tenant referencing. The proposal is currently undergoing a seven week consultation process and set to […]
Read MoreSolicitors state that all landlord details should be included in Prescribed Information The information must be included, even when the rental property is fully managed by a managing agent, to avoid any possible legal problems with tenancy deposits. Linda Howard, of Shoosmiths solicitors has warned that individual judges could make different interpretations on the wording of […]
Read MoreLandlord Insurance protects rental property assets UK private rental sector (PRS) landlords need to protect their buy-to-let property investments and landlord insurance is just one aspect that can be well worth the initial financial outlay. Rental property is an important, income producing asset for PRS landlords, and some degree of financial protection is required to […]
Read MoreRent Guarantee Insurance Reduces Landlord Rent Arrears Worry Private rental sector rent rises slowed down in May and even tenant rent arrears are falling as more landlords use Rent Guarantee insurance to protect the rental income. According to LSL property services, the UK private rental sector (PRS) is still growing, with the number of new tenants […]
Read MoreA letting agent has been fined £41,200 (GBP) by Watford Magistrates court after they failed to comply with safety regulations and admitted a string of offences at five Houses of Multiple Occupation (HMO’s). It is the first time Welwyn Hatfield Borough Council has prosecuted a letting agent rather than a landlord and the council also said it […]
Read MoreRental Property Seen As Safe Investment There has been a rise in the number of landlords expanding their rental property portfolios over the last three months, according to fresh research by the Association of Residential Letting Agents (ARLA). ARLA questioned its members to find out if landlords are currently increasing their investment in rental properties […]
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