Illegal immigrants to be banned from renting property in the UK Private rental sector (PRS) landlords will be risking a fine of £3000 for breaking the law by letting rental property to illegal immigrants without doing proper background checks and comprehensive tenant referencing. The proposal is currently undergoing a seven week consultation process and set to […]
Read MoreA letting agent has been fined £41,200 (GBP) by Watford Magistrates court after they failed to comply with safety regulations and admitted a string of offences at five Houses of Multiple Occupation (HMO’s). It is the first time Welwyn Hatfield Borough Council has prosecuted a letting agent rather than a landlord and the council also said it […]
Read MoreUK landlords are concerned about the impact Universal Credit will have on the private rented sector 70% of landlords who currently let rental property to tenants claiming housing benefits are worried the welfare reforms will have a negative effect on their business, according to the National Landlords Association (NLA). 75% of Landlords with larger […]
Read MoreUK PRS void periods and rent arrears are falling steadily UK private rented sector landlords are reaping the rewards of the developments of specialist products and services designed to ease the burden for landlords and the UK lettings industry. Market leading companies, such as Legal 4 Landlords have spent a great deal of time, effort […]
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 MoreUniversal Credit Creates Rent Arrears Storm A parliamentary debate held earlier this month (September) saw MPs from both sides of the house getting a little hot under the collar, arguing about how payment of the new Universal Credit benefit, due to be introduced next year, should be made. Universal credit is set to take over from Local […]
Read MoreHappy Buy-To-Let landlords are providing tenants with longer term tenancies, AND guarantees! Due to the extravagant costs associated with home ownership and the high deposits required by mortgage lenders, tenant demand in the UK Private Rental Sector (PRS) for affordable rental properties has increased drastically over the past few years . Assured Shorthold Tenancies (ASTs) […]
Read MoreNew research conducted by the National Landlords Association (NLA) has shown that the number of tenants behind with rent payments has risen again, leaving Buy-To-Let landlords without Rent Guarantee Insurance worried about meeting their mortgage payments both on their rental properties and their own homes. The NLA membership survey revealed that over 50% of the […]
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 National Landlords Association (NLA) have disclosed that more than half of its landlord members are unable to rent their properties to tenants claiming housing benefit because they can’t afford to allow their properties to be rented at reduced rates, due to the rate caps imposed on the Local Housing Allowance (LHA). The NLA found […]
Read MoreThe rise in numbers of accidental landlords has accelerated over recent years but now mortgage lenders are beginning to clamp down on the practice. The National Landlords Association (NLA) said the number of would be vendors forced into letting their properties because they were unable to find a buyer has now risen to 7%, (up […]
Read MoreIf you are a seasoned landlord or are just starting out in buy-to-let, you need to understand the importance of carrying out background checks on potential tenants. Right now it’s a landlord’s market with more people choosing to rent so UK landlords can afford to be a little more choosy. The National Landlords Association (NLA) […]
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