We recently shared some horror stories from landlords whose tenants from hell had caused thousands of pounds’ worth of damage to properties and gave you some tips for making sure your own tenancies don’t turn into a nightmare. But it’s just as important to remember your own responsibilities for maintaining the condition and safety of […]
Read MoreHome Ownership Figures Drop Sharply in last 10 years New census figures reveal that the number of private rental sector tenants has doubled, whilst the proportion of people who own their own home has fallen dramatically. The latest figures from the Office of National Statistics (ONS) show that one in five families in England, (1.2 […]
Read MoreLandlord Insurance protects rental property assets UK private rental sector (PRS) landlords need to protect their buy-to-let property investments and landlord insurance is just one aspect that can be well worth the initial financial outlay. Rental property is an important, income producing asset for PRS landlords, and some degree of financial protection is required to […]
Read MoreLandlords Need To Step Up Maintenance Of Rental Properties To Improve Safety There have been numerous reports in the national press about landlords being prosecuted by local authorities for failing to keep their rental properties maintained to a safe, decent and habitable standard. Many of these prosecuted landlords never bothered to comply with their legal […]
Read MoreUK Landlords Unaware of Legal Obligations There have been several reports in the national media recently about UK landlords facing prosecution for ignoring their legal responsibilities. The press reports suggest that new, accidental or reluctant landlords are not aware of their full rental property and tenant care responsibilities. There are a number of aspects that […]
Read MoreLandlords Warned To Obey Gas SafetyLaws Or Face Prosecution Landlords need a better understanding of the laws regarding the safety of tenants in private sector rental accommodation, or they may find that non compliance with any of the prescribed regulations can render their Landlord Insurance invalid. UK Landlords have a moral duty and legal responsibility […]
Read MorePeriodic Inspections Save Landlords Money UK private rented sector (PRS) landlords are missing the tell tale warning signs of damage to their rental assets because they do not carry out regular periodic inspections of their rental properties and they have poor communication with their tenants. The result is that many landlords end up having to […]
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 MoreIf you are considering becoming a Buy-To-Let landlord you should calculate the costs involved and do plenty of research before taking any financial risk. This is according to Sim Sekhon, spokesman for specialist landlord services provider, Legal 4 Landlords, who explained that many new landlords rush in without calculating mortgage repayments or repairs and maintenance […]
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 MoreA large number of private residential properties are being rented out to tenants because the owners have moved out but found it difficult to sell the property on. In fact, according to the Association of Residential Letting Agents (ARLA), many people are choosing to rent out homes they cannot sell. This has led to an […]
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 MoreWho pays for repairing the damage at a rental property can depend on what exactly has gone wrong. Landlords are responsible for damage to the fabric of the property, such as, missing roof slates causing damp, broken down boilers and leaks and all landlords should have suitable Buy-To-Let insurance in place to cover the costs […]
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