Latest landlord News by: Madalena Penny Unemployment figures released yesterday reveal that there are now 2.48 million people unemployed. One in five young people are without work, with a rise in unemployment for 16-25 year-olds increasing by 12,000 on the quarter. Unemployment affecting 16-17 year-olds has also reached an all time high leading to 218,000 […]
Read MoreLatest Landlord News by: Madalena Penny Eric Pickle’s recent confirmation surrounding last month’s budget announcement, in which, unused offices and commercial premises can be converted into homes without planning permission, has met with confusion by some landlords, especially those that are already restricted from gaining planning permission on houses for landlord expansion. The Department of […]
Read MoreLatest Landlord News by: Madalena Penny Further evidence this month indicates that tenant-demand is picking up momentum for landlords and letting agents. Paragon’s data captured through their recent landlord survey reveals rental voids have fallen yet again. Making Q1 of 2011 the lowest point for empty properties in the private rented sector since the 1st […]
Read MoreLatest Landlord News by: Madalena Penny No doubt, this week landlords have received notification from their local housing benefit office concerning the caps to be enforced on new tenancies as from the beginning of this month. While some existing private sector tenants have received sketchy (at best) information from local authority branches that they may […]
Read MoreLatest landlord News by: Madalena Penny In the late 1970,s and early 80’s squatting was far more prevalent than today. In fact in 1979 alone there was estimated to be 50,000 squatters throughout the UK, 30,000 of these could be found in London. Today there is an estimated 20,000 property hijackers living rent-free in England […]
Read MoreLatest Landlord News by: Madalena Penny For landlords, the devil is indeed in the detail, wasting landlords time and money. Caught up in the ongoing government drama of benefit cuts, caps and reform currently affecting the private rented sector, another recession driven trend is emerging enraging landlords across the UK. Bailiffs and debt recovery companies’ […]
Read MoreLatest Landlord News by: Madalena Penny The Chancellor’s announcement last week reducing the amount of stamp duty levied on multiple buy to let properties has prompted some increase from lenders. Metro Bank will be following Santander and Yorkshire Building Society into the Buy-to-Let lending route with Skipton Building Society returning to the market after their […]
Read MoreLatest landlord News by: Madalena Penny New rules were announced this week affecting the shared room rate. The increased threshold for single room occupancy rising from 25-35 year-olds was to be introduced in April 2012 but will now come into effect 3 months earlier in January 2012. It is understood that the earlier introduction is […]
Read MoreLatest Landlord News by: Madalena Penny Changes to the Tenancy Deposit Scheme will come into effect as from April 6th 2011, giving less time for landlords to lodge a claim for dispute. The TDS, which was introduced in England & Wales in April 2007, will now only allow 3 months for landlords to lodge a […]
Read MoreLatest Landlord News by: Madalena Penny The Chancellor yesterday showed his commitment to the private rented sector through new plans to remove restrictions and barriers from private investment and directing it towards similar tenures as seen in Europe. What appears to be the coalition’s drive to address the housing crisis in the UK has come […]
Read MoreLatest Landlord News by: Madalena Penny. Landlords are a resilient breed. Faced with CGT rises, housing benefit caps, interest rate rises and generally a higher cost of living, the great British landlord tackles adversity with quiet confidence and of course with a bit of help from ongoing demand for rental properties. LSL Property Services latest […]
Read MoreLatest Landlord News by: Madalena Penny A recent report by insurers, Aviva has revealed that landlords are still falling prey to cannabis farms and cultivators. Statistics now claim that properties being used as drug farms have reached an all time high. The insurers claim that a growing increase in claims due to damage is now […]
Read MoreLatest Landlord News by: Madalena Penny. Landlords may well ask themselves where they can find the perfect tenant. If there is a factory creating clones of the perfect tenant – tenants who always pay the rent, sort out building, electrical and plumbing problems themselves, never ask for anything, are respectful, in gainful employment and treat their homes […]
Read MoreBelow are the estimates based on the new weekly rates of housing benefit by each local authority. Named by the government as the 30th Shadow percentile they are a benchmark for the new lower rate of LHA to be introduced this April for new tenancies. The 30th percentile rule will affect existing tenancies in January […]
Read MoreLatest landlord News by: Madalena Penny. Landlords raising rents without taking due care of legislation are not working within the bounds of the Housing Act 1988, warned letting specialists, ‘Legal 4 Landlords’. With the current surge in tenant-demand and rental market values rising phenomenally, landlords are increasing rents and in some cases in an unethical […]
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