‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾ An Englishman’s home is his castle. These are the fine, noble sentiments us Brits grew up with. Any child of the 80’s will have grown up with Thatcher’s aspirations of home-ownership for the masses, thus conceiving the home-ownership trend that has revolutionised the property industry and dominated a social and cultural mindset for the […]
Read More‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾ A 3.3% rise in rents in Q2 2010 gives optimism to the estimated 100,000 private landlords in Scotland. Following similar suit to England & Wales, tenant demand is increasing. Edinburgh recorded the highest rise with an increase of 4.3% up on 2009 with Glasgow showing a rise of 2.6%. It appears the similar trend […]
Read MoreTenant arrears have fallen in the second quarter this year by a drop of 3.5% from the previous quarter according to data from the NLA, (National Landlords Association). As the decrease in rent arrears is welcome news for landlords, it may herald the calm before the storm, as it is yet undecided how LHA benefit […]
Read More‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾ In a bid to ease pressure on tenants in the social rented sector, Housing Minister, Grant Shapps will be introducing a National Affordable Home Swap Scheme. Aiming to free tenants and give them control over their choices of home and area, the new scheme will give tenants the option of moving elsewhere around the […]
Read MoreWhen it comes down to actual ethics, many landlords differ. Those who employ a letting agent obviously have less trouble than those who take full responsibility of their own tenanted property. But where do you draw the line? Once a landlord has fulfilled their responsibilities to both tenant and property, there’s usually a calm space […]
Read More
The Prime Minister’s recent plan this week to limit the leases of council tenants has infuriated LibDems. Under David Cameron’s proposals, council tenants would be made to relinquish council homes if a change in their economic status proved they could afford to live in the private rented sector and their homes would be given to […]
Read More
It’s surprising that in today’s economic climate, landlords are still agreeing tenancies without the necessary and proper tenant referencing checks. Landlords keen to let a property, especially one that has been vacant for some time forget and forego the preventative measures in eagerness to install a tenant to find that somewhere down the line, costs […]
Read More
UK Housing Supply at Historic Lows Can anyone remember the last time a cement truck went past? New builds have reached their lowest number since the 1920’s, public spending cuts, unemployment and banking restrictions are laying waste to the housing sector, while statistics show a 4.5 million waiting list for social housing. The coalition are […]
Read More
As one who has never relished delivering bad news, I’m thankful we don’t live in ancient Roman times, as I’m sure that as the bearer of the following property data I would be thrown into an arena to be eaten by lions, (although I do have some fab gladiator sandals for such an occasion). Latest […]
Read More
The rise in Capital Gains Tax this year has put a lot of strain on landlords who invested in a buy-to-let by way of securing a pension for retirement. The now CGT, set at 28% without being indexed will no doubt take a chunk of a landlords retirement fund. A loophole through the purchase of […]
Read More
Warning to Landlords: The Risks of Letting Properties Without Proper Tenant Referencing Landlords were warned of the dangers of renting properties without due diligence. At an information evening organized to warn landlords on how to avert being duped into renting properties to illegal drugs organisations, D.I. Bill Stupples of Merseyside Police Matrix Unit gave advice […]
Read More
Mortgage Approval Numbers and Lending Market Conditions According to the Bank of England, the number of mortgage approvals fell to 48,000 last month, (June) compared to 51,000 in May. Although a 15% seasonal rise in the value of mortgage lending increased to £13.1bn, up from £11.4bn in May offers a slight marked improvement from the […]
Read More
Record Tenant Referencing and Eviction Activity Last month saw LegalforLandlords total a record 2648 tenant references. Since January this year the landlord legal service provider has completed 13,359 tenant references for landlords and letting agents. June also saw 113 evictions completed on behalf of the lettings industry. The legal company, which has been trading for […]
Read More
Although many industry sectors are feeling the pinch during the recession, it seems entrepreneurs are faring much better through franchises than their ‘start from scratch cousins’. Data captured through the ‘Small Business Service’, recorded that only one third of new business start up in the UK will make it past the 3-year stage. The Franchise […]
Read More
In February this year it was reported that one of the UK’s largest private landlords, with an empire worth a quarter of a billion pounds had begun to run into difficulties and were looking to offload their vast portfolio of properties. To avoid repossession or receivership, they entered into management arrangements with their lenders. Data […]
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.
