According to the latest quarterly index published by Countrywide lettings agency there has been a 6% annual growth in the number of tenants over the age of 50 renting property in the UK private rented sector (PRS). The lettings agency also report that there has been a 7% annual decline in the number of tenants […]
Read MoreRent Guarantee Insurance Reduces Landlord Rent Arrears Worry Private rental sector rent rises slowed down in May and even tenant rent arrears are falling as more landlords use Rent Guarantee insurance to protect the rental income. According to LSL property services, the UK private rental sector (PRS) is still growing, with the number of new tenants […]
Read MoreThe UK’s rental market has seen strong growth over the last year with rents stabilising in the third quarter to an average rent of £970 per calendar month after an initial fall in price in August. The market has seen a 2 percent increase in rents from September 2011, just 0.6 percent below the rate […]
Read MoreRental prices in the UK Private Rented Sector have now reached a new record high, with the average PRS rent during September across the UK reaching approximately £741 (GBP) per calendar month (pcm). The startling cost of PRS rental was revealed by LSL property services and represents a rise of 1.1% on the previous record […]
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 MoreThe latest news from the Royal Institute of Chartered Surveyors (RICS) made great reading for landlords with the report that PRS rents had risen over the past year. However, the report could be really bad news for tenants and their finances as rental rates are set to increase again over the next 12 months. Tenants […]
Read MoreThe number of UK court orders for tenant evictions has increased by 6% compared to the first quarter of 2012. 100,400 tenants in England and Wales were in severe rent arrears – more than 8 weeks – an increase of 24% compared to 2011. As the Private Rented Sector (PRS) continues to expand, the number […]
Read MoreSavill’s Estate Agents, have released a report which is sweet music to every UK property investors’ ears: Private Rented Sector (PRS) rents are likely to rise by 20.5% between now and the end of 2016. Additionally, it is estimated that 20% of all UK households will be in the Private Rented Sector, securing growth and […]
Read MoreThe UK may need an extra 1.1 Million private sector rental properties within the next 4 Years as 1 in 5 Households could be in PRS properties. The number of people renting homes in the UK Private Rented Sector (PRS) has almost doubled over the last ten years, increasing from 2.5 Million tenants in PRS […]
Read MoreThe Council of Mortgage Lenders, (CML), think the coalition Government’s Chancellor of the Exchequer, George Osborne should be doing more to encourage institutional investors to take a stake in Buy To Let property in the upcoming Budget. The Council of Mortgage Lenders are the trade body for all the UK’s major bank and building society […]
Read MoreUK Landlords and letting agents are being warned about an increase in bogus tenant applications. Fraudulent applicants have been filling out tenancy application forms provided by honest landlords and agents, giving inaccurate or misleading information, in a bid to secure the rental of the property. It is not unknown for the fraudsters to move from […]
Read MoreFigures from a variety of trusted and respected sources offered a tentative boost for the UK property market as mortgage approvals, first time buyer numbers and residential property sales all increased during January. Data gathered from the Council of Mortgage Lenders (CML), British Bankers’ Association (BBA), National Association of Estate Agents (NAEA) and HM Revenue […]
Read MoreA new survey of Landlords in the Private Rented Sector (PRS) has discovered that only 20.2% ( 1 in 5 landlords) in the UK, were able to add fresh residential properties to their existing residential portfolio stock during 2011. Property value growth expectations and the prospect of a regular income were the key drivers behind […]
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 MoreThe demand for Private Rental Sector (PRS) residential property and the rise in the number of tenants struggling to meet their rental payments on a regular monthly basis is expected to see the decline of the UK residential property rental market. According to the latest lettings survey from the Association of Residential Letting Agents, (ARLA) […]
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