Mortgage rates could drop below 1.5% as new lenders prepare to enter the UK mortgage market in the coming months. Increased competition in the UK market could mean that residential property owners benefit from lower mortgage repayments by as much as £600 (GBP) a year New lenders are likely to be attracted to the UK […]
Read MoreDisgruntled savers who refuse to continue to suffer dreadful interest rates offered by banks are turning to buy-to-let property to provide very lucrative returns. Property investment in the UK is increasing and more and more people are becoming aware of the potential profitability of letting out decent standard rental property to tenants who want somewhere to live. […]
Read MoreLandlord Faces Massive Bill After Rental Property Gutted By Cannabis Farm Fire A buy-to-let landlord has been left kicking themselves as well as facing a massive financial headache after his rental property in Cardiff was completely gutted by fire. The rental property turned out to have been being used as a cannabis farm and the […]
Read MoreUK Landlords Unaware of Legal Obligations There have been several reports in the national media recently about UK landlords facing prosecution for ignoring their legal responsibilities. The press reports suggest that new, accidental or reluctant landlords are not aware of their full rental property and tenant care responsibilities. There are a number of aspects that […]
Read MoreBuy To Let Mortgages Continue To Lead The Way In UK Property Market Re-mortgaging activity in the first quarter of 2013 saw UK mortgage lending reach a new high, with more landlords trying to raise finance to buy more suitable residential properties with a view to letting them out to tenants, according to the latest […]
Read MoreSmaller buy to let properties provide property investors and landlords with the best rental yields, says Countrywide Countrywide’s latest research is based on 50,000 buy to let properties across England, Scotland and Wales, and their survey found that the average PRS rental yield for a one bedroom property was 6.8% during the first quarter of 2013. […]
Read MoreResults from the latest Quarterly Lettings Index survey by Countrywide have revealed a highly favourable rental market for UK buy-to-let landlords in the private rented sector. The Countrywide quarterly lettings index analyses all UK PRS rental prices, rent arrears and gross rental yields and is the UK’s largest national lettings index based on over 50,000 rental […]
Read MoreUK Landlords are no doubt aware that local authorities have the discretion to charge full Council Tax on empty properties from 1st April 2013. The changes affect all rental properties that previously would have been automatically exempt from charges, including all empty furnished and unfurnished properties available for rent. Landlords with properties that are empty […]
Read MoreTenant Referencing and Rent Guarantee Insurance are vital services for all UK landlords Ensuring a regular rental income is paramount to the survival of the rental business for all UK landlordsand rent guarantee insurance offers financial protection and peace of mind for landlords and their tenants. Regardless of a tenant’s financial and employment circumstances, it […]
Read MoreLandlords Warned To Obey Gas SafetyLaws Or Face Prosecution Landlords need a better understanding of the laws regarding the safety of tenants in private sector rental accommodation, or they may find that non compliance with any of the prescribed regulations can render their Landlord Insurance invalid. UK Landlords have a moral duty and legal responsibility […]
Read MorePeriodic Inspections Save Landlords Money UK private rented sector (PRS) landlords are missing the tell tale warning signs of damage to their rental assets because they do not carry out regular periodic inspections of their rental properties and they have poor communication with their tenants. The result is that many landlords end up having to […]
Read MoreThere are hundreds of pieces of Government legislation and local authority regulations that have to be adhered to by landlords before being allowed to rent out property in the Private Rented Sector (PRS). The onus is on the landlord to make sure that the rental property and tenancy agreement are in full compliance with all […]
Read MoreIt looks like 2013 could be a very busy year for UK Buy-To-Let, according to the Association of Residential Lettings Agents (ARLA). The average number of rental properties owned by BTL landlords rose from 7 to 8 in the final quarter of 2012, and the market expansion looks set to continue throughout 2013 as better […]
Read MoreA greater proportion of residential property owners struggling to sell their existing properties are taking a leaf out of the portfolio landlords book and are choosing to offer their properties for rental purposes in the UK private rental sector (PRS), in order to provide adequate finances for their retirement. Of the single property owners choosing […]
Read MoreAccording to one of the UK’s leading mortgage lenders, residential property prices in the UK rose by more than economists had expected in January putting a halt to the annual decline. Nationwide say that residential property prices in the UK actually increased by 0.5% in January 2013, a further sign that the two years of […]
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