Tag Archives: Rent Arrears

How can Landlords help Tenants save money?

Posted on 29th August 2014

How can Landlords help Tenants save money?
The above question may strike some landlords as a bit strange, as generally it is not their job to help tenants save money. However, as the property and private rental markets are currently so unstable, working with your tenants could actually help improve your business and secure your income. At the end of the day, if your tenant falls into rent arrears then you are going to take a cut to your earnings and may even have to start […]

The Growing Issue of Welfare Reforms and Landlords

Posted on 17th April 2014

The welfare reforms have been discussed at length in the news recently, mainly due to the fact that they are affecting thousands of people across the UK. The coalition government claim that the whole point of the welfare reforms is to make the benefit system fairer, however a number of schemes have already put some people in danger of losing their homes. Here, PropertyQuoteDirect looks at the issue in further detail:

Deposits: Protection for you and your Tenants

Posted on 17th May 2013

This Wednesday was the deadline for all Scottish private landlords to place their tenants’ deposits in a registered scheme.
In England and Wales all landlords have had to register their deposits in a scheme for a number of years now as deposits are extremely important to both tenants and landlords, as for tenants it secures them their property, while for landlords it protects their business.
Here we look at the basics of deposits and why protection schemes have been put into place throughout the UK:

Protecting yourself against Rent Arrears

Posted on 19th April 2013

Protecting yourself against Rent Arrears – There has been a lot of concern recently from landlords and political figures over the amount of people in the UK who are in danger of falling into rent arrears. Already there have been reports that the number of people who have missed two or more rent payments has increased by a substantial amount in the first quarter of this year alone, so what do you do if you are concerned about your tenants falling into rent arrears?

Benefit cap trial begins

Posted on 17th April 2013

The government’s much-talked about benefit cap is being trialled from this week in parts of London. From Monday 15th April, people receiving benefits in Haringey, Ealing, Croydon and Bromley have had them capped at £500 a week, or £350 for a single person.
Those receiving benefits at above those amounts are likely to be living in areas where rents are high. A large part of their benefits will housing benefit. If someone is over the cap, it is their housing benefit that will be reduced.
That means […]

Landlords warned about ‘severe arrears’

Posted on 10th April 2013

Landlords are being warned that the number of tenants in ‘severe arrears’ is increasing. In the first quarter of this year, the number of tenants behind more than two months on their rent payments increased by a hefty 5%. According to figures by property receivers Templeton LPA, the number of tenants facing court-ordered eviction rose by 10% in the same period.

Can you ensure guaranteed rent every month?

Posted on 18th March 2013

One of the biggest concerns for most landlords is that they will not be able to fill their property with paying tenants every month. Guaranteed rent services can be an attractive option, especially for those who have had difficulty letting their properties in the past, or who have had to deal with non-payers. But can they really be cost-effective, or are they more likely to cost landlords money than to help them?

The Bedroom Tax: Will it affect you?

Posted on 20th February 2013

The much-talked about bedroom tax will come into effect this April. Those against it say that it will leave already struggling families homeless or in debt. Those in favour of it say that it is necessary if we are to reduce the housing benefit bill to a more manageable level than it is now.

Eviction Rights and Wrongs

Posted on 6th February 2013

Figures from homeless charity Crisis released last year showed a 70% rise in evictions over three years. That is a startling figure, although it would be wrong to think that landlords are the bad guys. Rents have increased, but so have mortgage and other buy-to-let costs. There are also wider forces at play: an increase in unemployment, static wages, higher living costs and benefit cuts have all taken their toll.

Landlords Urged to Insure

Posted on 5th September 2012

 
A survey by the Landlords’ Association has shown that half of landlords do not have any insurance on their properties. Owner occupiers should always have insurance too, but the effects of them not having it are likely to be less severe should something go wrong than if landlords are not insured. The Association’s Partnership Manager, Jay Kasli, said he was ‘shocked’ that so many landlords did not have insurance, because of the obvious risks involved to both them and their tenants.
Landlords need specialist insurance cover […]