Latest News Private rented sector


                    
            

New EPC requirements may be ‘relaxed’.

New EPC requirements may be ‘relaxed’. But don’t shelve your plans to upgrade, just yet. We’ve heard a lot about poor insulation standards in the UK’s housing stock. It’s a widespread problem that needs to change if emissions targets are to be met. It’s also very relevant to households as they struggle to avoid the […]

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The Ultimate Guide to Becoming a Successful First-Time Landlord in the UK Property Market

Unlock the secrets of a rewarding, profitable investment. So, you want to become a successful landlord – great! The UK property market offers plenty of opportunities for a solid investment – if you’re ready to approach the challenge in the right way. Learn the dos and don’ts. Understand the complexities and be realistic. Think strategically. […]

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PRESS RELEASE: Court errors and bailiff shortages cost landlords almost £20,000

Court errors and bailiff shortages cost landlords almost £20,000 Pressure on our legal system is causing unacceptable delays when landlords seek resolution through the courts for tenancy issues. That’s according to property rental service provider LegalforLandlords, whose staff have collated a list of issues they believe show landlords are expected simply to ‘grin and bear […]

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Calculating Rental Yield for a Buy-to-Let Property

Calculating Rental Yield for a Buy-to-Let Property – by Sim Sekhon. Rental yield is a valuable metric. It can help you determine whether a buy-to-let property is a good investment and can also be used to compare the returns of different properties. But how is it calculated, and what represents a ‘good’ yield? I’m often […]

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Finding the right tenant takes more than a reference check

Finding the right tenant takes more than a reference check. The rental market is fast-paced and competitive. Agents have an average of six viable applicants for every tenancy. In such a climate, it could be tempting to let the property to the first applicant to pass a reference check. Bish, bash, bosh – done. But […]

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Ways of working and the recruitment process. Forget survival, think personal and business growth – Episode 4

LegalforLandlords MD, Sim Sekhon is joined by Lynn Cannell (Director of LCA Jobs) to discuss ways of working and the recruitment process.

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Sim Sekhon: Uncertain, unsettled but never unprofessional

  The continuing Brexit debate has seen practically every industry calling for certainty and, so far, it’s not been forthcoming. Our industry is no different. The Residential Landlords Association (RLA) has asked the Government for clarification on the rights of EU nationals in the light of Brexit because no specific guidance has so far been […]

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A recap of what 2015 looked like for letting agents and what to expect from 2016

The private rented sector has consistently accelerated over the past few years; back in 2014 the Intermediary Mortgage Lenders Association predicted that if the market trends continued over 50% of UK homes would be rented by 2032. While this is good news for you letting agents, that growth also comes with additional rules and regulations […]

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Report shows huge shift from owner-occupied homes to lettings

If you wanted proof that the rental market is growing, Countrywide has come up trumps. The UK’s largest letting agency has released an extensive report into the private rental sector which shows that more than two million homes have changed tenure over the last decade. Around one and a half million homes that were occupied […]

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The Number Of Private Rental Sector Tenancies Has Doubled In 30 Years

Private Rental Sector Tenancies Have Doubled In 30 Years

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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Increase In Number Of Older Private Rented Sector Tenants

According 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 […]

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Private Rental Sector Tenant Numbers Double

Home 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 […]

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Landlord Insurance Means Peace Of Mind

Landlord 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 […]

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Landlords Add To Rental Property Portfolios

Rental 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 […]

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Landlords Still Concerned Over Impact Of Universal Credit

  UK 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 […]

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