You will have seen the devastating effect flooding has had on thousands of homes across the UK, most notably in York, Leeds, and Manchester over the last few weeks. You may even have been directly impacted. Climate change is rapidly showing the extensive physical, emotional, and financial damage it can cause, and landlords need to […]
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 MoreLandlords Need To Step Up Maintenance Of Rental Properties To Improve Safety There have been numerous reports in the national press about landlords being prosecuted by local authorities for failing to keep their rental properties maintained to a safe, decent and habitable standard. Many of these prosecuted landlords never bothered to comply with their legal […]
Read MoreLandlord Faces Massive Bill After Rental Property Gutted By Cannabis Farm Fire A buy-to-let landlord has been left kicking themselves as well as facing a massive financial headache after his rental property in Cardiff was completely gutted by fire. The rental property turned out to have been being used as a cannabis farm and the […]
Read MorePeriodic Inspections Save Landlords Money UK private rented sector (PRS) landlords are missing the tell tale warning signs of damage to their rental assets because they do not carry out regular periodic inspections of their rental properties and they have poor communication with their tenants. The result is that many landlords end up having to […]
Read MoreFailure To Plan Is Planning To Fail A recent survey by a national lettings agency has highlighted financial losses incurred by landlords due to failing to plan for unexpected costs. Landlords pay an average of £1500 (GBP) per year out of their rental income on covering tenant rent arrears, maintenance and repair bills and void […]
Read MoreIf you are considering becoming a Buy-To-Let landlord you should calculate the costs involved and do plenty of research before taking any financial risk. This is according to Sim Sekhon, spokesman for specialist landlord services provider, Legal 4 Landlords, who explained that many new landlords rush in without calculating mortgage repayments or repairs and maintenance […]
Read MoreThe property price drop left many homeowners stuck in negative equity, unable to move in any direction on the housing ladder, but property investment in the UK will see a good return in the long term despite the current weak property market, according to a new forecast by services company PriceWaterhouseCoopers (PWC). The company have […]
Read MoreNot all landlords feel the need to use a letting agent, preferring to handle all aspects of the letting and management of their rental property and tenancy themselves. Landlords and tenants are recommended to use the services of a reputable letting agent, to save time, reduce stress, ensure legal compliance and provide them with professional […]
Read MoreWho pays for repairing the damage at a rental property can depend on what exactly has gone wrong. Landlords are responsible for damage to the fabric of the property, such as, missing roof slates causing damp, broken down boilers and leaks and all landlords should have suitable Buy-To-Let insurance in place to cover the costs […]
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