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 […]
Read MoreLandlords who have to apply to the county court to evict a tenant who won’t leave their property have to pay court fees for the privilege. Those court fees have recently been increased by 25% without notice. And yes, unfortunately the implementation is instant. We’ve reported recently on the quickest way to evict a tenant […]
Read MoreAs a landlord, you have a number of responsibilities, particularly when it comes to your tenants. Sometimes issues are foreseeable, but sometimes they’re not. Specialist landlord insurance to cover all the possible issues that could pop up is an absolute necessity for landlords, and here are 5 reasons why. It protects your investment Fact: Buying, […]
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 MoreRent Guarantee Insurance Reduces Landlord Rent Arrears Worry Private rental sector rent rises slowed down in May and even tenant rent arrears are falling as more landlords use Rent Guarantee insurance to protect the rental income. According to LSL property services, the UK private rental sector (PRS) is still growing, with the number of new tenants […]
Read MoreDisgruntled savers who refuse to continue to suffer dreadful interest rates offered by banks are turning to buy-to-let property to provide very lucrative returns. Property investment in the UK is increasing and more and more people are becoming aware of the potential profitability of letting out decent standard rental property to tenants who want somewhere to live. […]
Read MoreSmaller buy to let properties provide property investors and landlords with the best rental yields, says Countrywide Countrywide’s latest research is based on 50,000 buy to let properties across England, Scotland and Wales, and their survey found that the average PRS rental yield for a one bedroom property was 6.8% during the first quarter of 2013. […]
Read MoreResults from the latest Quarterly Lettings Index survey by Countrywide have revealed a highly favourable rental market for UK buy-to-let landlords in the private rented sector. The Countrywide quarterly lettings index analyses all UK PRS rental prices, rent arrears and gross rental yields and is the UK’s largest national lettings index based on over 50,000 rental […]
Read MoreUK Landlords are no doubt aware that local authorities have the discretion to charge full Council Tax on empty properties from 1st April 2013. The changes affect all rental properties that previously would have been automatically exempt from charges, including all empty furnished and unfurnished properties available for rent. Landlords with properties that are empty […]
Read MoreTenant Referencing and Rent Guarantee Insurance are vital services for all UK landlords Ensuring a regular rental income is paramount to the survival of the rental business for all UK landlordsand rent guarantee insurance offers financial protection and peace of mind for landlords and their tenants. Regardless of a tenant’s financial and employment circumstances, it […]
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 LegalforLandlords have spent a great deal of time, effort and resources […]
Read MoreMany UK landlords admit that they fear tenants leaving in the middle of a tenancy, especially if the tenants are behind with the rent. Tracking down absconding or missing tenants can be a thankless, if not near-impossible task, and the process of extracting any owed rent from them is even harder. However, specialist landlord services […]
Read MoreLandlord 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 MoreThe UK Private Rental Sector (PRS) is one of the UK’s best performing economies despite all the economic doom and gloom reported by the national press. Landlords and property investors spend a great deal of money on purchasing, renovating and renting out property, be that purchasing with cash, refurbishment of the property, paying repair or […]
Read MoreIt looks like 2013 could be a very busy year for UK Buy-To-Let, according to the Association of Residential Lettings Agents (ARLA). The average number of rental properties owned by BTL landlords rose from 7 to 8 in the final quarter of 2012, and the market expansion looks set to continue throughout 2013 as better […]
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