UK Private Rental Sector Rental Prices Still Growing Albeit At A Slower Pace Private rental sector (PRS) monthly rental prices have continued to increase across the UK, although price rises have slowed significantly, reaching a new high of £995 (GBP) per month during September, according to new research. The latest HomeLet Rental Index found that […]
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Landlords Who Operate Outside The Law On Tenant Evictions Will Be Prosecuted There are reports in the press about private rental sector (PRS) landlords failing to follow the correct tenant eviction procedures when trying to get problem tenants out of their properties and many are ending up on the wrong side of the law. There […]
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2015 Private Rental Sector Tenancies Are More Than Double 1985 Figures A UK think tank claims that the number of tenants renting private rental sector properties has more than doubled since 1985. According to research conducted by ResPublica, 22% of all UK properties are in the UK private rental sector (PRS), more than double the […]
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LegalforLandlords – New Brand, New Image – Same Great Service! LegalforLandlords are already established as the UK’s market leading specialists in legal, referencing and insurance services for landlords and letting agents and the private rental sector. The original company – Legal4Landlords started back in 2009 as a way to help private rented sector landlords with […]
Read MoreAccording to the latest quarterly index published by Countrywide lettings agency there has been a 6% annual growth in the number of tenants over the age of 50 renting property in the UK private rented sector (PRS). The lettings agency also report that there has been a 7% annual decline in the number of tenants […]
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 MoreIllegal 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 MoreSolicitors state that all landlord details should be included in Prescribed Information The information must be included, even when the rental property is fully managed by a managing agent, to avoid any possible legal problems with tenancy deposits. Linda Howard, of Shoosmiths solicitors has warned that individual judges could make different interpretations on the wording of […]
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 MoreRental Property Seen As Safe Investment There has been a rise in the number of landlords expanding their rental property portfolios over the last three months, according to fresh research by the Association of Residential Letting Agents (ARLA). ARLA questioned its members to find out if landlords are currently increasing their investment in rental properties […]
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 property […]
Read MoreGood news for private sector landlords as business will continue to boom! The post war “must be a homeowner” mentality of our parents has been replaced with the more modern paradigm of our neighbours on the Continent, “rent for life” Whilst our forebears wanted to own property for a sense of security and financial […]
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The Governments plan to make private rented sector (PRS) and social housing landlords legally responsible for checking the immigration status of all tenant applicants has raised questions on the policy from MP’s. The proposal to make landlords perform immigration checks on tenants and prosecute those who fail to comply has caused outrage among UK PRS landlords, who would […]
Read MoreLandlords Set To Become UK Border Agency Informants Private sector landlords are set to become unpaid members of the UK Border Agency as amendments to the UK immigration laws announced in the Queen’s Speech last week are pushed through Parliament UK landlords will become legally responsible for ensuring that they only let rental properties to […]
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 […]
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