Posted on 15th February 2013
There has been an increasing sense of uneasiness from the British public recently as rent prices have been set to increase, which means that tenants are concerned that they may have to cut back in order to pay their rent, whilst landlords feel that there is an increased risk that their tenants will fall into rental arrears. Whilst many landlords have invested in comprehensive landlord insurance policies to protect themselves against any problems they may encounter in the future, a stable market would help […]
Posted on 4th February 2013
Landlords from the private rented sector have been coming under fire recently due to the fact that many members of the public are finding it difficult to afford the increasing rent prices. However, the cost of rent is directly linked to the fact that there is not enough housing in the UK, and that landlords are more likely to be given loans to buy properties instead of first time buyers. However, this disposition towards landlords may soon change, as it was reported in […]
Posted on 21st January 2013
Many news articles have recently discussed how the price of private rented housing has gone up in the capital city of London, however it now seems that the capital of Scotland is also experiencing an increase in rent prices. Many have claimed that the reason why rent has increased in Edinburgh is due to the fact that new legislation has meant that landlords are no longer allowed to pass on letting agents’ fees to their tenants, and so have had to increase their rent […]
Posted on 18th January 2013
Due to the recession many people have decided to rent out spare rooms in their properties to tenants in order to make some extra money. As there has never been more demand for private rental properties there has also been an increase in people looking for spare rooms in houses to live in, meaning that the situation can end up benefitting all. Furthermore, the government has allowed those that rent out spare rooms a tax free income of up to £4,250 a year […]
Posted on 14th January 2013
On Saturday, Labour party leader Ed Miliband said in a speech that the party is planning new ways to prevent rogue landlords taking advantage of tenants in the private rented sector. The plans involve calling for further regulations on landlords, including having all landlords having to take part in mandatory registration, and if one is proved rogue they shall be struck off the list and no longer allowed to rent out properties.
However, the response from private sector landlords is that this method would only […]
Posted on 10th January 2013
Due to the current financial climate many landlords are looking for new ways to save money, and buytolet.org.uk has revealed in a survey today that many landlords are now opting to manage their portfolios themselves instead of paying large fees to letting agents. Generally, letting agents charge around fifteen per cent of the rental income for their services, so landlords are planning on brushing up on their accounting, marketing, and DIY skills so that they can save money and look after their portfolios themselves.
Lee […]
Posted on 9th January 2013
There are rising concerns from landlords as the benefit system is undergoing massive changes which could mean that many tenants could soon fall into rental arrears. Landlords that do not have a rent guarantee policy as part of their landlord insurance are concerned that they will end up having to pay for mortgages on their properties out of their profits, or embark on the lengthy process of eviction.
Today it was announced that benefits are to be capped with an annual rise of just one […]
Posted on 7th January 2013
The recession has caused many problems, and the effect it has had on house prices is just one of them. As we all know, house prices have fallen substantially in recent times, and it has been reported that in 2013 they are predicted to stagnate, or even worse, fall even more. Even though the economy is starting to pick up somewhat, the benefits are yet to alter the housing market, however there is one sector that has benefitted – the buy-to-let.
It has been […]
Posted on 3rd January 2013
Landlords will be pleased to hear today that the number of tenants in England and Wales in severe rental arrears has dropped in the fourth and final financial quarter of last year. According to the latest Tenant Arrears Tracker by Templeton LPA the amount of tenants in sever rental arrears has fallen by 15.6% per cent in the last quarter, which is the first time the amount has reduced since the final quarter of 2011.
The amount of tenants whom are in severe rental arrears […]
Posted on 2nd January 2013
Newham council in east London is the first local authority in the whole of England to introduce compulsory registration for landlords in order to help the council in the fight against rogue landlords. Those that own privately rented properties in the area now have to comply with health and safety standards and also declare any criminal records; otherwise they could be fined up to twenty thousand pounds.
Newham has a history of encountering problems with rogue landlords, especially those that leave their properties in unfit […]
