How much rent arrears justifies eviction? Rent arrears are one of the most challenging issues a landlord can face. When a tenant falls behind on rent, it can quickly create financial stress and strain the landlord-tenant relationship. Many landlords are left wondering, “How much rent arrears justifies eviction?” The answer to this question isn’t always […]
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As a property expert in the UK market, I’ve seen first-hand the impact of the challenges that landlords have faced over the years. These challenges have ranged from changes in tax law to stricter regulations. All have had a significant impact on the profitability of buy-to-let investments. In isolation, it’s easy to see each change […]
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An important refresher on the UK’s Right to Rent scheme. When it was introduced back in 2016, the rental industry was talking about little other than the then controversial right to rent scheme. It was designed to crack down on illegal immigration and ensure that only those legally allowed to live in the UK could […]
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Rising interest rates are a hot topic right now and not just in financial circles. Everyone is talking about the issue, its effect on the economy, on business and on household budgets. The impact on the property market is likely to be significant with the effects felt by homeowners, landlords and tenants. While headlines often […]
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Unlock the secrets of a rewarding, profitable investment. So, you want to become a successful landlord – great! The UK property market offers plenty of opportunities for a solid investment – if you’re ready to approach the challenge in the right way. Learn the dos and don’ts. Understand the complexities and be realistic. Think strategically. […]
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Section 21 allows landlords to evict tenants without giving a specific reason if they provide two months’ notice. This is known as a no-fault eviction and is used by landlords to remove tenants who have not broken any rules or breached their tenancy agreement. Section 21 is a valuable tool for landlords. They use it […]
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Court errors and bailiff shortages cost landlords almost £20,000 Pressure on our legal system is causing unacceptable delays when landlords seek resolution through the courts for tenancy issues. That’s according to property rental service provider LegalforLandlords, whose staff have collated a list of issues they believe show landlords are expected simply to ‘grin and bear […]
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Why do we dream of homeownership? It’s what we do in the UK – we dream of owning bricks and mortar. It’s seen as a badge of stability, security and success. It’s become part of our culture that we pity the poor renter who can’t afford to buy. Maybe one day they’ll have the deposit […]
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Calculating Rental Yield for a Buy-to-Let Property – by Sim Sekhon. Rental yield is a valuable metric. It can help you determine whether a buy-to-let property is a good investment and can also be used to compare the returns of different properties. But how is it calculated, and what represents a ‘good’ yield? I’m often […]
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Finding the right tenant takes more than a reference check. The rental market is fast-paced and competitive. Agents have an average of six viable applicants for every tenancy. In such a climate, it could be tempting to let the property to the first applicant to pass a reference check. Bish, bash, bosh – done. But […]
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This nightmare doesn’t stop when you wake up… Your new tenant is a dream. They pay like clockwork. You’re sleeping like a baby. Suddenly, the rent stops arriving… Your dream’s a nightmare come true. You can’t cover the mortgage. The legal costs are mounting. Your savings are gone. You’re stressed. You can’t sleep. …all because […]
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Why every landlord counts – by Sim Sekhon. There was a time when agents focused on sales. It was the source of their income and the speciality they proudly promoted. But times have changed. We went through an economic crash and lending became more controlled. More people were renting, and not just as a short-term […]
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How to take the stress away from property management. Use our team as an extension of your Property Management team. We take the stress away. We save you time. We reduce the headache of dealing with tenant issues. What our Managed Professional Services Team will do for you: ✔ Take ownership of the awkward bits […]
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Key points from the Queen’s Speech Pomp, ceremony and more rights for tenants – by Sim Sekhon The State Opening of Parliament was a little different this year with the Prince of Wales standing in for the Queen whose health prevented her attendance. The pomp, the ceremony and the rituals remained the same. The Government […]
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Thank you for being part of the LegalforLandlords journey in 2021. It was a mixed year in the industry for lettings and a very hot one for sales. Throughout 2021 we supported you with tenant referencing, general insurances and professional support services. We kept you up to speed with the ever-changing industry landscape and the […]
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