Private Rental Sector landlords are urged to act now to secure the tenant’s rental payments or prepare for the worst this year as tenant default rates have already increased by 8%, in the second quarter of 2012, and are still rising. The number of private sector tenancies in severe rent arrears climbed by over 7,000 […]
Read MoreThere are fresh fears that First-Time Buyers (FTBs) and next time buyers are being forced out of the UK residential property market by Buy-To-Let landlords. The Council of Mortgage Lenders (CML) said that 32,300 Buy-To-Let mortgage loans were made over the first quarter of 2012, a 32% increase on the first three months of 2011. […]
Read MoreCounty court closures are being blamed for prolonging tenant rent arrears eviction hearings The number of tenants in severe financial difficulty has climbed by 10.2% in the first quarter of this year according to the latest tenant arrears tracker by Templeton LPA, part of the LSL Property Services plc Group. Almost 8,800 more tenants were […]
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 British Property Federation (BPF) handed a small peice of good news to UK landlords who may have been struggling to make ends meet, after it was revealed that the UK coalition government may review imposing powers forcing landlords to share information on changes of tenancy with water companies, as well as making them liable for a […]
Read MoreIf you are a Landlord who lets a property in the UK, then you run the risk of rent default by your tenant. Even the best checks and references cannot predict a tenant falling on hard times and not being able to pay their rent. Could you as a landlord cover your expenditure if this […]
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