Landlord Possession Claims Soar Again There has been a dramatic increase in the number of PRS landlords seeking to evict bad tenants and the volume of possession orders doesn’t look like abating any time soon according to data released by the UK Government. Government figures show that there were 103,329 landlord claims for tenant […]
Read MoreIn the UK private rented sector, the average rental price for a residential property now stands at a staggering £777 (GBP) per month across the whole of the country, but there are some regional differences. Private sector rents in Greater London rose by 6.7% during the last 12 months to reach a regional average of £1,224 […]
Read MoreRents Rise But Arrears Fall Regardless of all the media reports about PRS rents rising for the seventh consecutive month, it also appears that the level of late or unpaid rent has fallen to the lowest level since January, equating to 8.1% of all rent across England and Wales in October 2012. A survey by […]
Read MoreMore PRS tenants are struggling with rent arrears The latest UK Court Statistics released by the Government continue to indicate a steady rise in the number of claims for possession by landlords that have resulted in orders for tenant eviction being made. The continued rise in severe rent arrears have lead to more than 25,000 landlords making successful […]
Read MoreA landlord from Sheffield has been sentenced to 9 months in prison for taking the law into his own hands and forcefully removing a tenant from his rental property, instead of following legal procedures or appointing a qualified tenant eviction specialist. The landlord, Jay Allen, had not applied for a court order and had not […]
Read MorePrivate Rental Sector landlords are urged to act now to secure the tenant’s rental payments or prepare for the worst this year as tenant default rates have already increased by 8%, in the second quarter of 2012, and are still rising. The number of private sector tenancies in severe rent arrears climbed by over 7,000 […]
Read MoreRents rose for a second consecutive month in May to stand at an average £712 per month in the UK, returning to the same level as in January 2012. According to the latest Buy-To-Let index from LSL Property Services, the 0.4% rise in May means that rents are now 2.3% higher than in 2011. Added […]
Read MoreIf you are a Landlord who lets a rental property in the UK, could you cover your expenditure if the worst happened to your tenant’s finances and all of a sudden they were unable to pay the rent? Recovering debts or even rent arrears can be difficult and costly for landlords, without any guarantee of […]
Read MoreThe UK may need an extra 1.1 Million private sector rental properties within the next 4 Years as 1 in 5 Households could be in PRS properties. The number of people renting homes in the UK Private Rented Sector (PRS) has almost doubled over the last ten years, increasing from 2.5 Million tenants in PRS […]
Read MorePrivate Rented Sector (PRS) rent arrears dropped in February with 9.3% of all rent late or unpaid at the end of the month, down from 10.7% in January. With household bills increasing, UK unemployment still rising and the whole country still struggling to avoid a double dip recession as a result of the Eurozone crisis, […]
Read MoreThe demand for Private Rental Sector (PRS) residential property and the rise in the number of tenants struggling to meet their rental payments on a regular monthly basis is expected to see the decline of the UK residential property rental market. According to the latest lettings survey from the Association of Residential Letting Agents, (ARLA) […]
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