Stuck 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. […]
Read MoreNot all landlords feel the need to use a letting agent, preferring to handle all aspects of the letting and management of their rental property and tenancy themselves. Landlords and tenants are recommended to use the services of a reputable letting agent, to save time, reduce stress, ensure legal compliance and provide them with professional […]
Read MoreThe latest research by the Association of Residential Letting Agents (ARLA), shows the cost of renting PRS property in the UK finally appears to be stabilising. Despite the huge demand for rental property in many areas of the UK and media reports of rising private rented sector rents as landlords attempted to cash in on […]
Read MoreSquatting in residential properties is to become a criminal offence in Britain, after the Legal Aid, Sentencing and Punishment of Offenders Bill received Royal Assent this week. As from September 1st 2012, squatting in a private residential property in the UK will become a criminal offence and offenders could face up to six months in […]
Read MoreLegal4Landlords are celebrating a record breaking 12 months by recruiting extra staff to their Head Office team! The Warrington based specialist landlord services company look set for a turn-over of £2 Million (GBP) this year, following a great deal of hard work by all their staff and franchises. Legal4Landlords have relocated the 25 strong head […]
Read MoreMainstream Buy to let mortgage lenders are changing their products and lending policies as they prepare for the new rules to be implemented that will tighten up on the necessary criteria borrowers must meet, causing a stir in the market. The Co-Op Bank announced this week that it was scrapping residential “Interest Only” mortgage products […]
Read MoreInvesting in a specialist landlord insurance policy is something all buy-to-let property owners should do, but it is the one vital area where people mistakenly try to curb their financial expenditure, it has been claimed. The statement comes at a time when a recent Paragon Mortgages report revealed that during the last 3 months, UK […]
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