Council pays landlord to halt legal eviction. As a clear consequence of the lack of social housing, Brent Council, unable to offer any practical alternative accommodation, has paid the legal fees of a private landlord who was pursuing a Section 21 eviction notice. The agreement involves the landlord continuing to provide the accommodation, with the […]
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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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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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“Where did I put my keys?!” We’ve all been there, that sinking feeling when you reach into your pocket for your keys and they’re not there. The desperate patting down of all other possible pockets. Often, you find the key, but when you don’t, it’s always at the most inconvenient time. It’s dark, late and […]
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In less time than the duration of many tenancies, our industry faces a major change. In the House of Lords yesterday, on a day when eyes might have been focused on other political events, the Government’s housing spokesman named the date for the fees ban implementation. It’s June 1, 2019, and that date will […]
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Communities Secretary Sajid Javid has unveiled new plans to reform the UK housing market. Speaking in the House of Commons on the 7th Feb, Javid presented plans to reform the UK’s “broken” housing market through the aptly entitled white paper Fixing our Broken Housing Market. As expected, the reforms focus on stimulating UK housing supply, […]
Read MoreChancellor George Osborne’s Autumn Statement and Spending Review may have thrown a large spanner in the works for people looking to invest in buy-to-let properties or second homes. He’s decided to wack a new 3% surcharge on stamp duty. His argument? It will be fairer for first-time buyers (as the surcharge won’t apply to them). […]
Read MoreLandlords Set To Become UK Border Agency Informants Private sector landlords are set to become unpaid members of the UK Border Agency as amendments to the UK immigration laws announced in the Queen’s Speech last week are pushed through Parliament UK landlords will become legally responsible for ensuring that they only let rental properties to […]
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 MoreGovernment ministers face an increasing amount of pressure to disclose their official estimate of how many immigrants will pour into Britain next year from Eastern Europe, after remarks were made on The BBC’s Sunday Politics Show. Communities and Local Government (DCLG) Secretary Eric Pickles conceded on TV that a wave of immigrants from Romania and […]
Read MoreUK residents are still paying more than 40% of their net income on housing costs, keeping the UK as the third most expensive place to live in the EU behind Denmark and Greece UK families are still among the worst off in Europe when it comes to housing costs, spending more than 42% of their […]
Read MorePRS Rents Soar To New Record Highs! UK landlords have been urged to take action to protect rental income as a new survey reveals private sector rents have risen to a new record high this year. The research carried out by LSL Property Services has revealed that property rental prices in the UK private rental sector (PRS) have […]
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 MoreNew research from the Association of Residential Letting Agents (ARLA) has shown that tenants are happy to stay in rented property for longer than ever. The UK Buy-To-Let market continues to offer a strong return for property investors, with the new ARLA data showing that the average length of a tenancy in the UK has […]
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