It seems that with the ongoing economic turmoil gripping the majority of the western world, everyone is still tightening their belts in order to save precious pennies, including UK landlords. Landlords feeling the financial pinch have tried to cut as many of their costs and overheads as they can, in order to remain in profit […]
Read MoreWith sales of UK residential property stuttering again, the UK Buy To Let market is the strongest it has ever been! A recent report highlighted that the Private Rented Sector (PRS) has risen by 1.4 Million additional rental properties since 2001. The PRS properties currently accounts for about 3.4 Million rental properties in the UK […]
Read MoreA pair of council tenants, convicted of growing cannabis have been spared eviction from their homes. Richard Weldon, aged 45 was convicted of producing cannabis and sentenced to 30 weeks imprisonment after police raided his home in Sheffield. A hole had been made in the ceiling to accommodate the ventilation system for the plants. Although […]
Read MoreNews that Basildon Council is to spend an estimated £18 million removing 400 gypsies from an illegal site at Dale Farm (which some among their number own) has sent shiver down the spine of many a landlord. That’s in the region of £45,000 a head; probably far more than the rating contribution of most of […]
Read MoreYes, it seems landlords think so. A wave of optimism is sweeping across the lettings industry with landlord optimism at its highest for four years, according to the latest figures. In a recent survey, 65 per cent of landlords surveyed described their own lettings business’ prospects as ’good’ or ‘very good’. Landlords are still experiencing […]
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 […]
Read MoreThere are calls for the Government to speed up the eviction process following the trashing of a property owned by a North East landlord. Tenants left the property in Darlington, owned by Glenn Schofield, practically destroyed. Mr Schofield had to spend months going through the courts to try and repossess the four bedroom house. Mr […]
Read MoreRecent reports by the Association of Residential Letting agents (ARLA) indicate a surge in the number of properties snapped up by landlords in the past year. ‘Good news!’ we cry at Legal 4 Landlords. With demand still far outstripping supply, it makes sense to invest in property at the moment. Rents are going up and […]
Read MoreNew statistics show the number of court cases brought by private landlords increased by seven per cent last year, with cases for accelerated possession increasing by 37 per cent – back to pre recession levels. Landlords are clearly taking action to get their properties back. Of all our landlord services, our evictions service has been […]
Read MoreAs the UK residential sales market continues to remain static, the rental market is continuing to surge. This positive buy to let market is encouraging an increasing number of first time landlords to enter the market and they’re coming to us for landlord services. In many parts of the country, tenants are finding it’s more […]
Read MoreIt’s been reported the strict criteria of some tenant referencing companies is squeezing some tenants out of the rental market as they struggle to meet income and deposit requirements. Here at Legal 4 Landlords we’re calling for stronger regulation of tenant referencing. This protects both the landlord and the tenants and helps avoid evictions further […]
Read MoreIt’s great to see that private sector landlords in the UK are confident about the future, with 67 per cent feeling ‘positive’. A new survey carried out by CHL Mortgages shows UK landlords are particularly confident about rental demand with almost half (43 per cent) saying it is now better than six months ago and […]
Read MoreThe shortage of rental stocks means more and more tenants are being gazumped when they try to secure a property. This trend helped push the average rent in England and Wales to £696 in May. It’s clear that tenants are now willing to offer above the asking price to get a home they’re happy with. […]
Read MoreThe latest figures show that rents reached a record high in May after four successive months rising. In May, the average rent rose by 0.5 per cent to £696 per month. The growth means the average rent is now higher than in May 2010. The average yield remained at 5.1 per cent in May. As […]
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