New research conducted by the National Landlords Association (NLA) has shown that the number of tenants behind with rent payments has risen again, leaving Buy-To-Let landlords without Rent Guarantee Insurance worried about meeting their mortgage payments both on their rental properties and their own homes. The NLA membership survey revealed that over 50% of the […]
Read MoreThe latest news from the Royal Institute of Chartered Surveyors (RICS) made great reading for landlords with the report that PRS rents had risen over the past year. However, the report could be really bad news for tenants and their finances as rental rates are set to increase again over the next 12 months. Tenants […]
Read MoreA UK court case has delivered a landmark ruling that will affect every landlord in the country. Now any legal notice served on a tenant must have the landlord’s own address on it and not a care of address being that of the agent. The case of Beitov Properties v Elliston Bentley Martin [2012] UKUT […]
Read MoreAn alarming number of small scale landlords, owning just a single rental property, who are experiencing increased void periods and growing rent arrears has doubled since the first quarter of 2012, according to research carried out by leading market research company, Business Development Research Consultants (BDRC Continental). The results of the BDRC Continental survey show […]
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 MoreThe proposed Universal Credit system due to be introduced in April 2013 is set to replace existing benefits, including housing benefit, will put thousands of social (council and housing associations) and thousands more Private Rental Sector (PRS) landlords at a much higher level of financial risk. The current system of Local Housing Allowance (LHA) or […]
Read MoreAccording to a new study by a leading online house and flat sharing portal, 4 in 10 tenants who are renting property in the UK private rented sector (PRS) can’t afford to save One in seven people of those surveyed by SpareRoom.co.uk said they are having to spend more than two thirds of their take-home […]
Read MoreThe outcome of a landmark legal case has fired a warning shot to all UK landlords and property management agents to ensure that any legal notice served on a tenant must have the landlord’s own address on it and not that of the agent. The case of Beitov Properties v Elliston Bentley Martin [2012] UKUT […]
Read More40% of all UK Private Rented Sector (PRS) tenants have reportedly lost some or all of their rental deposit at the end of a tenancy, but landlords aren’t winning either, says a new report. The total amount lost per person averaged £313 (GBP) according to a new survey conducted by online property portal – FindaProperty.com. […]
Read MoreThe number of tenants finding themselves in severe financial difficulty has climbed by 8% in the second quarter of 2012. Over 7,000 more tenant’s, are over two months in arrears, than there were in the first three months of 2012, according to the latest Tenant Arrears Tracker by chartered surveyors Templeton LPA. In the second […]
Read MoreA landlord’s right to receive direct rent payments from a local authority for tenants in receipt of Local Housing Allowance (LHA) or Housing Benefit (HB) will be scrapped under the proposed new Universal Credit (UC) benefit system. Therefore it is widely predicted that even more landlords will potentially withdraw from the LHA market as there […]
Read MoreAn extra 1.5 million 18 to 30-year-olds are expected to apply for private rented sector (PRS) properties over the next eight years. The influential Joseph Rowntree Foundation says that one risk is that pressures on private rental accommodation could force young families out of the sector and into homelessness. The foundation forecasts that around 310,000 […]
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 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 […]
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