Inventory 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 over […]
Read MoreThere are hundreds of pieces of Government legislation and local authority regulations that have to be adhered to by landlords before being allowed to rent out property in the Private Rented Sector (PRS). The onus is on the landlord to make sure that the rental property and tenancy agreement are in full compliance with all […]
Read MoreThe UK Private Rental Sector (PRS) is one of the UK’s best performing economies despite all the economic doom and gloom reported by the national press. Landlords and property investors spend a great deal of money on purchasing, renovating and renting out property, be that purchasing with cash, refurbishment of the property, paying repair or […]
Read MoreIt looks like 2013 could be a very busy year for UK Buy-To-Let, according to the Association of Residential Lettings Agents (ARLA). The average number of rental properties owned by BTL landlords rose from 7 to 8 in the final quarter of 2012, and the market expansion looks set to continue throughout 2013 as better […]
Read MoreHome owners and landlords with properties with London, Leeds or Bradford postcodes have been identified as most likely to be at risk by insurance companies Research analysing insurance claims have identified LS13, an area of Leeds, where terraced properties sell for just over £100,000 (GBP), as the UK’s worst burglary black-spot.
Read MoreWhen the financial crisis started in 2007/8, mortgage lending in the UK almost stopped because mortgage lenders became wary of the toxicity of sub-prime mortgage loans and raised their lending criteria to unprecedented and highly restrictive levels, virtually killing the UK property market. This meant that empty properties became financial millstones for many people who were unable […]
Read MoreTax Year Deadline is 31st January 2013 Despite all the awareness campaigns and TV advertising, Her Majesties Revenue & Customs (HMRC) repeatedly attempt to tell us that completing a self assessment tax return doesn’t have to be taxing! However, as anyone who has ever completed a self assessment tax return will tell you, the evaluation […]
Read MoreFailure To Plan Is Planning To Fail A recent survey by a national lettings agency has highlighted financial losses incurred by landlords due to failing to plan for unexpected costs. Landlords pay an average of £1500 (GBP) per year out of their rental income on covering tenant rent arrears, maintenance and repair bills and void […]
Read MoreLandlords Warned That Severe Winter Weather Could Bring Big Repair Bills The National Landlords Association (NLA) has issued a warning to all UK landlords to check that their landlord insurance is up to date and to prepare for bad weather and freezing temperatures over the next few months, as weather forecasters predict a bitterly cold winter […]
Read MoreThe Residential Landlords Association (RLA) have discovered that finance for landlords is woefully inadequate with almost 50% of UK landlords struggling to get additional mortgages, remortgage or even obtain more finance. The RLA asked its members about obtaining further finance to expand their rental property portfolios 24.1% found it very difficult to get a Buy-To-Let […]
Read MoreUnderinsuring properties means landlords risk higher repair costs New research by Aviva insurance found that 86% of rental properties surveyed were found to be significantly underinsured The results of the survey have prompted many landlord insurers to issue a warning to all landlords about the risks they face if their properties are not insured to […]
Read MoreLandlords are being urged to reassess any insurance policies they may already have taken out, in order to avoid the possibility of underinsurance, after one poor unsuspecting landlord was left more than £100,000 (GBP) out of pocket. The landlord unfortunately suffered a fire in the block of flats he owned and submitted a claim for […]
Read MoreAccording to data from the National Landlords Association (NLA) only 57% of current landlords deliberately set out to enter the UK Buy-To-Let market. Many property owners became “reluctant” or “accidental” landlords in unexpected ways, often due the inability to sell property because of the recession and the perceived crash of the UK property market. However, […]
Read MoreThe property price drop left many homeowners stuck in negative equity, unable to move in any direction on the housing ladder, but property investment in the UK will see a good return in the long term despite the current weak property market, according to a new forecast by services company PriceWaterhouseCoopers (PWC). The company have […]
Read MoreAn alarming number of small scale landlords, owning just a single rental property, who are experiencing increased void periods and growing rent arrears has doubled since the first quarter of 2012, according to research carried out by leading market research company, Business Development Research Consultants (BDRC Continental). The results of the BDRC Continental survey show […]
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