A new report warns of steep increases in the number of parents unable to buy their own homes meaning millions of young families are entering an era of insecurity in which renting property becomes the norm. The Cambridge University study, commissioned by the independent Resolution Foundation and the housing and homeless charity Shelter, says that […]
Read MoreThe last six months have seen the number of short-term property lets on offer in the UK rise by 2% as an increasing number of people turn to the UK private rented sector as they search for accommodation to suit to their needs. Landlords considering the future strength of their buy-to-let property portfolios should take […]
Read MoreThe decision by MEP’s to remove Buy-To-Let mortgages from the scope of a new EU Directive has been welcomed by a host of property professionals including the Residential Landlords Association (RLA) and Legal 4 Landlords. Under the original European plans, mortgage lenders would no longer have been able to take account of rental income when […]
Read MoreStuck property vendors that are being forced to make the move into the UK buy to let market, are being warned by landlord and lettings specialist service provider Legal 4 Landlords, that they need to spend more time researching the area where the property is and spend more time understanding the mechanics and legalities of […]
Read MoreThe number of tenants contacting the Consumer Credit Counselling Service (CCCS) for advice on rental issues, including rent arrears and eviction, has increased dramatically over the last 18 months, according to the charity. More than 10,000 tenants requested help during 2011. 27% more than for 2010 and it is thought a similar increase in numbers […]
Read MoreAccording to the Royal Institute of Chartered Surveyors, (RICS), latest Residential Lettings Survey, the UK Private Rented Sector (PRS) experienced sustained growth between February and April 2012, with houses in greater demand than flats. 13% of chartered surveyors reported that PRS rents had increased with tenant demand largely responsible for the growth. 15% of chartered […]
Read MoreThere are fresh fears that First-Time Buyers (FTBs) and next time buyers are being forced out of the UK residential property market by Buy-To-Let landlords. The Council of Mortgage Lenders (CML) said that 32,300 Buy-To-Let mortgage loans were made over the first quarter of 2012, a 32% increase on the first three months of 2011. […]
Read MoreLegal4Landlords are celebrating a record breaking 12 months by recruiting extra staff to their Head Office team! The Warrington based specialist landlord services company look set for a turn-over of £2 Million (GBP) this year, following a great deal of hard work by all their staff and franchises. Legal4Landlords have relocated the 25 strong head […]
Read MoreSavill’s Estate Agents, have released a report which is sweet music to every UK property investors’ ears: Private Rented Sector (PRS) rents are likely to rise by 20.5% between now and the end of 2016. Additionally, it is estimated that 20% of all UK households will be in the Private Rented Sector, securing growth and […]
Read MoreThe number of properties purchased using Buy-To-Let mortgages increased by 84,000 during 2011, increasing the supply of suitable Private Rented Sector (PRS) housing according to the latest data released by the Council of Mortgage lenders (CML). During the last quarter of 2011 a total of 34,800 Buy To Let mortgages, including 15,600 remortgages, were granted […]
Read MoreThe rise in numbers of accidental landlords has accelerated over recent years but now mortgage lenders are beginning to clamp down on the practice. The National Landlords Association (NLA) said the number of would be vendors forced into letting their properties because they were unable to find a buyer has now risen to 7%, (up […]
Read MoreIndividuals looking to rent property in the UK PRS (private rented sector) need to keep the selection process focussed and relatively simple when looking to rent property. First time tenants looking for property to rent in the UK are being advised to carry out plenty of research before accepting a tenancy. The Association of Residential […]
Read MoreThe results of a recent survey show that due to misconceptions over Government Welfare Reforms increasing numbers of private rental sector landlords are now refusing to even consider applicants claiming Local Housing Allowance (LHA), when searching for new tenants. The Spareroom.com survey showed that out of 1000 UK landlords surveyed: 87% had problems with non-payment of […]
Read MoreThe latest figures released by mortgage lender Paragon have shown that almost half of the UK landlords surveyed think that tenant demand for PRS properties increased during the first quarter of 2012. 44% of UK landlords quizzed in Paragon’s latest Private Rented Sector Trends survey, reckon that tenant demand has continued to grow despite the […]
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, […]
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