Latest Landlord News by: Madalena Penny As landlords and letting agents draw a close to this year, 2010 has seen some vast changes within and around the private rented sector. At the beginning of the year 3.1 million households were supported by private residential landlords, the figure is now estimated to be about 3.6 million. […]
Read MoreLatest Landlord News by: Colin Campbell A Mancunian song-smith wrote during the 1980’s “money too tight to mention”, and at no other time of the year is a lack of funds more keenly felt than at Christmas. With the spending review affecting employment levels, the rising cost of fuel and heating, compounded by inflation, arctic […]
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By: Madalena Penny Landlords attempting to evict tenants without adhering to necessary procedures risk prosecution from the courts warned Sim Sekhon of the legal company LegalforLandlords Urging landlords not take matters into their own hands, Mr. Sekhon warns that landlords who deliberately, illegally evict tenants face serious penalties, which could result in a custodial sentence. […]
Read MoreBy: Madalena Penny Christmas, a time of year to be enjoyed by all? Unfortunately for landlords, the festive season of good cheer can be one of the costliest periods due to an increase in rent arrears, especially LHA tenants. The LHA (Local Housing Allowance) introduced in 2008 to replace the housing benefit system has […]
Read MoreBy: Colin Campbell With Christmas bunting turning many of the homes across Britain into grottos fit for Santa’s arrival, for the adults, thoughts at this time of year often turn to the following week and New Year’s Eve. Some of you may consider spending the evening in the fountain at Trafalgar Square or stumbling over […]
Read MoreBy: Madalena Penny Demand for rental properties has risen again, according to latest survey from RICS (The Royal Institute of Chartered Surveyors). Affected by the lack of supply of available housing stock the survey has also revealed a rise in rental value across the UK including Scotland. 47% more surveyors reported a rise in demand […]
Read MoreBy: Madalena Penny Current government housing & benefit reform is not lacking in irony, or so it seems. As 102 MP’s have opted to rent out their state paid ‘2nd homes’ amid the falling house prices and a year of rent rises, the numbers of these unlikely landlords are swiftly gaining momentum as the […]
Read MoreBy: Colin Campbell Without tenant referencing if you go down to your property today are you sure of a big surprise? One landlord in Ohio got much more than he bargained for, leading to an eviction notice for his tenants amongst whom was a man killing bear. In August this year, Lorain County property issued […]
Read MoreBy: Madalena Penny Speculation surrounding the delays to government housing benefit caps was confirmed this week by the DWP. The cuts, which were due to be introduced next April and October will now only apply to new applicants in April 2010, while existing applicants will not be affected until January 2012. In response to the […]
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By: Colin Campbell With temperatures plummeting in Britain an icy chill is also drifting around Europe. Governments across the continent are fighting off an infection that some hoped landlords and property developers in the private rental sector would help find the cure for; the ‘European contagion’. A symptom born out of the banking crisis and […]
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By: Madalena Penny Speculation is surrounding reports this week that the government’s housing benefit caps will be put on hold by a further 9 months for existing claimants. The cuts, which were due to be introduced next April and October are said to only apply to new applicants, while existing applicants will not be affected […]
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By: Madalena Penny In a bid to tackle the nations housing shortage, ministers have overlooked directives laid out by the European Convention on Human Rights (EHCR), which could seriously dent their social housing reform policy. As part of their intended Localism Bill, the government’s reform included fixed-term tenancies applied to new tenants in the social […]
Read MoreBy: Madalena Penny Landlords in the UK receive very little positive publicity. Through historical renditions of Dickensian property owners that throw starving families out into the streets with Machiavellian pleasure, the UK’s private rented sector is in need of the business investment model delivering a new image to bring it in line with a […]
Read MoreBy: Colin Campbell Landlords and the private rented sector received a boost last week as the National Association of Estate Agents announced that it was introducing a licensing scheme for the industry. It is hoped that the enterprise would help to improve and regulate standards within the sector by protecting tenants and landlords from rogue […]
Read MoreBy: Madalena Penny After 9 consecutive months of rent rises, according to LSL Property Services, rents have increased a further 0.4% from September to an average of £691 per month. While on the surface it could look as though landlords are making hay while the sun shines, the rent-savvy landlord is all to aware there’s […]
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