An 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 […]
Read MoreUnder the next wave of welfare reforms, new rules set to be introduced next year, mean that the housing benefit allowance of the new Universal Credit system, will not be paid directly to landlords. Instead the Government proposes that all payments will be paid directly to tenants, even if they are vulnerable or in arrears! […]
Read MoreThe number of tenants finding themselves in severe financial difficulty has climbed by 8% in the second quarter of 2012. Over 7,000 more tenant’s, are over two months in arrears, than there were in the first three months of 2012, according to the latest Tenant Arrears Tracker by chartered surveyors Templeton LPA. In the second […]
Read MoreDemand for UK Rental Property continues to soar, with lettings agreed within a record low of 12.7 days and up to 5 tenants competing for each private sector (PRS) rental property. Since the beginning of 2011 there has been a significant increase in tenant demand for private rented sector property. UK residents are adopting the […]
Read MoreBeing a landlord in the UK is a very desirable financial position that many people would like to be in. Some tenants even think that landlords are made of money, not realising that Buy To Let is a business. The landlord is a businessman and the property is his income source. However, most landlords will […]
Read MoreLandlords are increasingly positive about the buy-to-let market in the UK, according to an annual Private Rented Sector (PRS) Survey. The data makes interesting reading for any pundit who has cast doubt on the future of Buy-To-Let in the UK, but it does show that landlords are prepared to shop around in order to keep […]
Read MoreUK landlords could soon be forced out of the Local Housing Allowance (LHA) market by the Government cap on housing benefit payments. 77% of UK landlords who currently accept tenants claiming benefits are already planning to, or are actively taking steps to reduce their involvement with DSS/LHA tenancies because they are physically unable to afford […]
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 MoreA Blackpool landlord will be regretting his decision to illegally convert one of his properties into flats after the courts issued a bill of more than £6000 last week. The case acts as a warning to other landlords who choose to ignore local authority rules. Officers at Blackpool Council discovered a house owned by Brendan […]
Read MoreLatest Landlord News by: Madalena Penny Rents increased again in April, according to latest data captured by LSL property services. In their most recent Buy-to-Let Index, LSL recorded a 0.8% rents rise across average rents in England & Wales, a rise averaging out at £692 per month for a typical property. As you would expect, […]
Read MoreLatest Landlord News by: Madalena Penny 10 skips, mattress’s and an old sofa was still not enough for one private landlord to barricade in tenants and deter them from leaving a plush £1million rented property. For someone who has written for the private rented sector for some years, there is something very odd about that […]
Read MoreLatest Landlord News by: Madalena Penny Controversy surrounding local licensing and planning policies imposed on landlords in the private sector has again stepped up a pace. Hundreds of landlords have won the right for a judicial review over HMO selective licensing schemes imposed by local authorities. Last week 350 landlords in the Accrington area were […]
Read MoreLatest Landlord News by: Madalena Penny Do-it-Yourself landlords are falling foul of harassment code, warns ‘Legal 4 Landlords’. The private landlord legal experts with a national presence across the UK are advising landlords new to the BTL industry to review methods when contacting tenants. Private landlords using unprofessional self-employed agents recruited socially and paid on […]
Read MoreLatest Landlord News by: Madalena Penny Will landlords reduce the number of tenancies offered to housing benefit claimants? An alliance of private rented sector, property and charity bodies are to take on the DWP over direct housing benefit payment policy, due to be introduced in 2013. Under the new proposed Universal Credit system, benefits […]
Read MoreLatest Landlord News by: Madalena Penny Ask any letting agent and it’s the same story…..they need more private landlords with decent, available accommodation to let. Since the great property famine descended upon the UK and house prices bombed and sales became stagnant, estate agents focused through necessity on lettings in the wake of restricted mortgages […]
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