Landlords have the power to evict tenants, but this comes with a process. And where there’s a process, there’s a waiting time. The Association of Residential Letting Agents is currently lobbying Michael Gove, the justice secretary, to speed up the evictions of tenants and reduce the applications that have to be made before High Court […]
Read MoreRent Guarantee Insurance Reduces Landlord Rent Arrears Worry Private rental sector rent rises slowed down in May and even tenant rent arrears are falling as more landlords use Rent Guarantee insurance to protect the rental income. According to LSL property services, the UK private rental sector (PRS) is still growing, with the number of new tenants […]
Read MoreNew research from the Association of Residential Letting Agents (ARLA) has shown that tenants are happy to stay in rented property for longer than ever. The UK Buy-To-Let market continues to offer a strong return for property investors, with the new ARLA data showing that the average length of a tenancy in the UK has […]
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 MoreNegative equity is not a situation that many professional landlords with Rent Guarantee insurance and good rental yields has to worry about, but for many new or “reluctant” landlords forced to rent out their former homes in order to keep the mortgage paid, it can be a real problem. UK Buy To Let landlords and […]
Read MorePrivate Rented Sector (PRS) rent arrears dropped in February with 9.3% of all rent late or unpaid at the end of the month, down from 10.7% in January. With household bills increasing, UK unemployment still rising and the whole country still struggling to avoid a double dip recession as a result of the Eurozone crisis, […]
Read MoreThe UK Coalition Government plans to cap benefits will still be fully implemented despite the parliamentary defeat in the House of Lords on Monday this week. A defeat that saw 26 Lib-Dem peers rebel against the Government’s wishes. Although, the Government have admitted that whilst disappointed by the result, they still intend to push through […]
Read MoreThe demand for Private Rental Sector (PRS) residential property and the rise in the number of tenants struggling to meet their rental payments on a regular monthly basis is expected to see the decline of the UK residential property rental market. According to the latest lettings survey from the Association of Residential Letting Agents, (ARLA) […]
Read MoreUK landlords have little confidence in the current Housing Benefit system and the majority would try to avoid accepting tenants in receipt of benefits due to the extra hassle and headaches that dealing with local authorities and local government departments cause. Landlords claim that tenants who do not receive any form of welfare support are […]
Read MoreThe coalition Government face another battle over welfare reforms, this time in the House of Lords. The outcome will affect individuals and families in receipt of local housing allowance (LHA) or housing benefit, who are in private rented sector (PRS) properties. The Welfare Reform Bill, currently going through the House of Lords, is set to […]
Read MoreRent Arrears are set to rise in the UK Private Rented Sector, (PRS), during 2012 as more landlords face dealing with tenants who cannot afford the rental payments on their residential property. The UK media reported at the end of last year that the number of court orders to evict tenants had risen by 11% […]
Read MoreNew research from Shelter highlights the areas of the UK where people are most at risk of losing their homes. 111 households is at risk of eviction by either a landlord or mortgage lender, with those living in London most at risk, followed by the residents of Manchester, Slough and Peterborough. Shelter’s study also reveals […]
Read MoreA seasonal reminder to landlords and letting agents that Bailiff Amnesty’s will begin around 12th December 2011 to the 9th January 2011. Please check your local County Court for more details. The amnesty, which is not widely publicised, is implemented due to local authority offices, solicitors, courts and housing welfare organisations festive holiday closures. Unfortunately […]
Read MoreWith rising rent costs and growing property demand, it comes as no surprise that yesterday’s stats revealed the number of court orders to evict tenants is up nine per cent. The way the market is shaping, this trend looks set to continue. Despite this, the numbers still come as a shock to some. A staggering […]
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