The outcome of a landmark legal case has fired a warning shot to all UK landlords and property management agents to ensure that any legal notice served on a tenant must have the landlord’s own address on it and not that of the agent. The case of Beitov Properties v Elliston Bentley Martin [2012] UKUT […]
Read More40% of all UK Private Rented Sector (PRS) tenants have reportedly lost some or all of their rental deposit at the end of a tenancy, but landlords aren’t winning either, says a new report. The total amount lost per person averaged £313 (GBP) according to a new survey conducted by online property portal – FindaProperty.com. […]
Read MoreUnder the next wave of welfare reforms, new rules set to be introduced next year, mean that the housing benefit allowance of the new Universal Credit system, will not be paid directly to landlords. Instead the Government proposes that all payments will be paid directly to tenants, even if they are vulnerable or in arrears! […]
Read MoreThe number of tenants finding themselves in severe financial difficulty has climbed by 8% in the second quarter of 2012. Over 7,000 more tenant’s, are over two months in arrears, than there were in the first three months of 2012, according to the latest Tenant Arrears Tracker by chartered surveyors Templeton LPA. In the second […]
Read MoreUK Landlords with Rent Guarantee insurance have reported an increase in rental yields during the second quarter of 2012. The latest Private Rented Sector (PRS) Trends Survey, commissioned by specialist Buy-To-Let mortgage lender Paragon, has revealed that UK landlords achieved an average rental yield of 6.5%. This is an increase of 0.3% from the 6.2% […]
Read MoreA landlord’s right to receive direct rent payments from a local authority for tenants in receipt of Local Housing Allowance (LHA) or Housing Benefit (HB) will be scrapped under the proposed new Universal Credit (UC) benefit system. Therefore it is widely predicted that even more landlords will potentially withdraw from the LHA market as there […]
Read MoreNEW research from ARLA shows that the UK is still feeling the economic squeeze and desperately trying to avoid any fallout from the ongoing Eurozone financial meltdown, as more and more tenants are struggling to pay their rent. 41.2% members of the Association of Residential Letting Agents (ARLA) reported an increase in the number of […]
Read MoreA new Government report has revealed a growing concern about UK landlords, as an increasing percentage are now refusing to accept applications from tenants claiming housing benefits. The situation regarding LHA tenants is set to get much worse, following the recent statements made by UK Prime Minister David Cameron and his party’s vision for further […]
Read MoreRents rose for a second consecutive month in May to stand at an average £712 per month in the UK, returning to the same level as in January 2012. According to the latest Buy-To-Let index from LSL Property Services, the 0.4% rise in May means that rents are now 2.3% higher than in 2011. Added […]
Read MoreIf 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 […]
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