By: Madalena Penny With about as much consistency as Cheryl Cole’s X-Factor status and all the buoyancy of Katie Price’s knicker elastic, buy-to-let statistics are indicating some variable views on the BTL sector. According to UPAD’s recent research measuring landlord confidence, it’s something of a mixed bag. Surprisingly in contradiction to a steady stream of […]
Read MoreBy: Colin Campbell A new initiative announced this month by Chris Hulne, the Energy & Climate Change Secretary has been supported by landlords in the private rented sector. The ‘Green Deal’ is aimed at providing the nation’s increasing energy needs by finding cleaner and more efficient ways of sustainable consumption. Pointing out that a quarter […]
Read More
By: Madalena Penny Today Downing Street will be receiving a petition of 2,000 landlord signatures. The ‘Rebalancing Law Petition’ organized by the RLA (Royal Landlords Association) and other landlord bodies has been created in an attempt to ask the government to reconsider their intended closures of county and magistrate courts. The proposed closures consisting of […]
Read MoreBy: Madalena Penny 61,000 new tenants is no coincidence. According to Countrywide, this is the number of applicants that registered for residential rental property in Q3 this year. Compared with the previous quarter, the research reveals a 19% increase and a 44% leap since January 2010, creating a tenant-trend and mass flight to the private […]
Read More
Government Spending Review: What It Means for UK Landlords By: Colin Campbell The ramifications of last month’s governmental spending revue is currently being digested over the breakfast tables of landlords up and down the country. Closer analysis suggests that, as always, ‘the devil is in the detail’. Regular readers of the LegalforLandlords tri-weekly blogs will […]
Read More
By: Madalena Penny With eight consecutive months of rent rises, LSL Property Services has revealed that 71% of landlords surveyed are finding it increasingly difficult to secure lending to increase their portfolios despite the wave of tenant demand and regardless of the rise in rents the sector is presently experiencing. LegalforLandlords financial director Binder Dhillon […]
Read More
By: Colin Campbell With tenant demand currently out-stripping home ownership in the UK, landlords can expect on average 5.5 potential tenants waiting for every available vacant property. The Office of National Statistics calculated in 2009 that the average income in Britain had achieved a level of £25,000 per annum, a figure that demonstrates that many […]
Read More‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾ By: Colin Campbell Remember; remember the 5th of November, and also where you’ve put your insurance policies! With 3.3 million households provided by the private rented sector, it’s a certainty that tenants up and down the country will be holding a party to celebrate Bonfire Night. While they are busy selecting sparklers, rockets, fountains […]
Read More‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾ Not all tenants can be evicted even with a possession order. Even with a 100% success rate in court, this was one unwelcome tenant that Legal 4 Landlords could not move on………In true Halloween spirit and to add a bit of contrast to the doom and gloom of cuts and job losses, Legal 4 […]
Read More‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾ By: Madalena Penny A recent study published by the Building and Social Housing Foundation (BSHF) has indicated that by 2013, the private rented sector will be larger than the social rented sector, with one in five households in private accommodation by the end of the decade. Between 2005-2009, the PRS grew by a further […]
Read MoreBy: Madalena Penny In an unprecedented case last week, one landlord was awarded £72,000 in damages when a surveyor overestimated the value of rental property, landlord Emmet Scullion had invested in. Costing Mr. Scullion £352,950 in 2002 and given a rental value of £2,000 per month by surveying company, Colleys, the property in Surrey only […]
Read MoreBy: Madalena Penny According to the latest survey from ARLA, (Association of Letting Agents) the number of residential rental voids has fallen on properties from 3.6 weeks to 3.2 weeks in Q2 of this year, the lowest recorded. Compared with the last quarter of 2009, which revealed a void period of 4 weeks, the survey […]
Read MoreBy: Madalena Penny Lloyds Banking Group has announced a change regarding their buy-to-let policy. In a bid to limit their lending in the Buy-to-Let sector, the group are now only permitting 3 properties per landlord, a stark contrast to their previous lending pattern of 9 properties per portfolio. In the current economic climate, rented accommodation […]
Read More
By: Madalena Penny 82,000 households in London could lose their homes claim London Councils. The results from their survey found that 90% of landlords would evict tenants if they fell into arrears due to the proposed government cults due to be implemented next April. The survey also revealed that landlords would not be renewing tenancies […]
Read More
By: Madalena Penny Housing Minister, Grant Shapps may have been too hasty with his decision to eliminate Jonathan Healey’s proposal of a landlord and letting agent register, which was planned to be introduced in England this year, experts claimed last week. Amid a trending shift for available housing in the private rented sector by the […]
Read More
Download your FREE guide to understand what’s changing and how to stay compliant.Get expert insights now. Enter your details to access the guide.
