Landlords Must Carry Out Tenant Referencing To Avoid Bad Tenants 2012 wasn’t really a great year to be a landlord Almost 60% of landlords had problems with bad tenants in 2012 99,000 tenants didn’t pay rent for more than 2 months Tenant evictions increased 8% During 2012 some 59% of landlords were left out of pocket […]
Read MoreInventory Needs To Record Condition of All Fixtures And Fittings To Avoid Deposit Disputes Increased demand for suitable rental properties in the UK Private Rental Sector (PRS) means there is an urgent need for landlords and tenants to develop and maintain an accurate inventory of all fixtures and fittings in order to avoid disputes […]
Read MoreMillions of property owners and tenants renting property in the Private Rented Sector (PRS) are resorting to extreme measures including high interest pay day loans to avoid eviction as well as trying to make ends meet after falling behind on monthly housing payments. According to a new report by homelessness charity Shelter, nearly 8 million […]
Read MoreSquatting in residential properties is to become a criminal offence in Britain, after the Legal Aid, Sentencing and Punishment of Offenders Bill received Royal Assent this week. As from September 1st 2012, squatting in a private residential property in the UK will become a criminal offence and offenders could face up to six months in […]
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 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 MoreHome insurers and the UK’s coalition Government are still arguing over paying for flood protection, meaning Millions of homeowners and Buy-To-Let Landlords are facing uncertainty over house prices, mortgage availability and the validity of their insurance policies. If the UK Government fails to meet the demands of insurers to reinstate flood protection cuts then insurance […]
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 MoreWith some landlords feeling the financial pinch, a small minority of ill advised or inexperienced landlords are attempting to reduce costs by cutting vital corners such as on repairs or worse, on their insurance policies. As the owner and landlord of a buy to let property, adequate insurance is required to protect the fabric of […]
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