Landlords who have to apply to the county court to evict a tenant who won’t leave their property have to pay court fees for the privilege. Those court fees have recently been increased by 25% without notice. And yes, unfortunately the implementation is instant. We’ve reported recently on the quickest way to evict a tenant […]
Read MoreMassive rise in tenant eviction orders as landlords are forced to get tough causing outcry from homelessness charity Crisis. Over the last three years there has been a 70% rise in court orders for the eviction of tenants in the UK Private Rented Sector (PRS). Homeless charity Crisis set about analysing figures released by the […]
Read MoreUnder the next wave of welfare reforms, new rules set to be introduced next year, mean that the housing benefit allowance of the new Universal Credit system, will not be paid directly to landlords. Instead the Government proposes that all payments will be paid directly to tenants, even if they are vulnerable or in arrears! […]
Read MoreThe Association of Residential Letting Agents, (ARLA), have urged the Chancellor of the Exchequer, George Osborne, to use the forthcoming Budget to encourage more investment into the UK’s Private Rented Sector, (PRS). ARLA have called on the UK coalition Government to support the observed growth in the UK Buy-To-Let sector and remove many of the […]
Read MoreThe British media are claiming Buy-To-Let properties are being mishandled by the emergency bank, UK Asset Resolution, set up by the UK Government. UK Asset Resolution, the emergency bank set up by the UK coalition Government to manage the Buy-To-Let mortgages originally lent by Northern Rock and Bradford & Bingley, is alleged to be treating […]
Read More275,000 new tenants flooded the UK Private Rental Sector in 2011 – a 24% increase on the previous year. Latest Government figures confirm the steady decline of UK Home ownership and the social rented sector, (Council Houses), together with the indisputable rise of the Private Rented Sector (PRS) following the credit crunch. The figures confirm […]
Read MoreUK Property Repossessions are forecast to increase 22% in 2012 Economists expect the recession and rising unemployment to squeeze the already stretched household finances of thousands of struggling families this year and are warning UK homeowners and landlords of a sharp rise in residential property repossessions. Record low Bank of England (BoE) interest rates and […]
Read MoreBeing a landlord in the UK is a very desirable financial position that many people would like to be in. Some tenants even think that landlords are made of money, not realising that Buy To Let is a business. The landlord is a businessman and the property is his income source. However, most landlords will […]
Read More1st January 2012 will see further changes to Local Housing Allowance (LHA) under the Government’s welfare reform. The age limit for shared accommodation room rate is set to rise from 25 to 35 This means that anyone under 35 and living by themselves or renting a room will be restricted to the shared room accommodation […]
Read MoreUK landlords could soon be forced out of the Local Housing Allowance (LHA) market by the Government cap on housing benefit payments. 77% of UK landlords who currently accept tenants claiming benefits are already planning to, or are actively taking steps to reduce their involvement with DSS/LHA tenancies because they are physically unable to afford […]
Read MoreBad tenants come in all shapes and sizes. There are those struggling to make ends meet who fall into rental arrears time and time again and there are those who are quite different, who have no respect for your property and their rental ‘home’ and as well as not paying the rent, they completely trash […]
Read MoreA rising number of landlords are having to evict their tenants and for many of them, the reason is that tenants are falling behind on their rent. New research from the Money Advice Trust shows the number of people calling about rent arrears has risen by 84 per cent in recent years. A spokesman for […]
Read MoreThere are moves to make councils release details of all vacant properties and experts say this could lead to a rise in the number of squatters in the UK. In a recent case, Camden Council was forced to disclose a list of 530 empty council managed and private homes under the Freedom of Information Act. […]
Read MoreWe keep reading in the news that rents are on the increase and there’s never been a better time to be a buy-to-let landlord. In July, rental prices reached a record high of £705 a month and the average yield reached 5.2 per cent. However, with increasing costs for rental properties and the rising cost […]
Read MoreIt’s been reported that the cost of renting has risen for the sixth month in a row. We’re finding more and more first time landlords coming to us for advice and Landlord services. In July, the average rent paid in England and Wales rose by 0.6 per cent to a record £705 per month. On […]
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