Category: Rental Market

Character of Rental Market is Changing

Posted on 28th December 2012

Yesterday it was reported that the increase in people living in inner cities has changed the character of tenants who live in both rural and urban areas. It has been argued that cities have now become more popular for young professionals and students, whilst couples and young families are starting to join the retired communities in rural towns and villages. However, due to the recession the amount of houses being built is not enough to meet the high demand from private renters in […]

UK Buy-To-Let Landlords expect Rent prices to Rise in 2013

Posted on 17th December 2012

Just over a third of landlord insurance holders are expecting to increase their rent prices in 2013, a study from LSL Property Services has revealed. It is believed that the Autumn Statement released last week has had a direct impact on the amount of people becoming landlords, as well as the costs of rent. David Brown, commercial director at LSL Property Services stated that “Pension savers have been hit particularly hard by the Autumn Statement, and as rental incomes improve, buy-to-let looks increasingly […]

Rich/Poor Housing Divide Increasing in London

Posted on 12th December 2012

It has been reported today that London officially has the lowest percentage of homeowners in the whole of the UK, with almost a quarter of the entire population of London now renting properties instead. This is proving to become a problem in some areas of London, where the lack of affordable housing is starting to cause a rich poor divide that is threatening communities.
The Guardian has reported that Hackney in the North East of London has the lowest percentage of mortgage free homeowners in […]

Landlords miss out on Olympic Gold

Posted on 22nd November 2012

Property investors in London are finding themselves looking for unoccupied property insurance cover as they suffer from a massive Olympic hangover.
The London Olympics were heralded as not only one of the biggest events ever to have taken place on the planet but also one of the biggest earners residential landlords in London would encounter. With promises of rental achievements double, triple and even more for the summer months in areas close to the Olympic stadium, a number of landlords set about removing their sitting tenants […]

Landlords warned about rogue letting agents

Posted on 18th September 2012

As the boom in the letting sector shows no sign of easing property investors with an interest in landlord insurance are being urged to choose carefully when it comes to selecting a letting agent.
With still no sign of an official national regulation body in sight, the Property Ombudsman is reporting an ever growing number of complaints surrounding private letting arrangements. It is a fact that more and more estate agents are moving over to the lettings sector as house sales crumble, and that the growth […]

Tenant Survey Suggests Private Sector Landlords are doing a Good Job

Posted on 1st June 2012

A survey conducted by a leading landlord organisation suggests that landlords and tenants in the UK are “getting on” better than ever before.
The very first Quarterly Tenants Index (QTI) survey was completed by the National Landlords Association (NLA) earlier this year and the results should be pleasing to landlords and tenants alike. In all over 2000 people who live in property covered by landlord insurance quotes were questioned, and a resounding 4 out of 5 said they were happy with their landlord. The survey also […]

Insurance Premiums Dependant On the Right Type of Client

Posted on 31st May 2012

Property investors looking for a good deal on landlord insurance should be careful when choosing their tenants, according to a report from a leading online letting agency.
David Lawrenson from LettingFocus.com has many years of experience in the private rental sector and said picking the right type of client is equally as important as selecting the right type of property. He said: “Landlords may find some insurers are reluctant to cover certain types of renters, for instance leasing a property to students or people in receipt […]

Charity Urges Tenants to Claim Back Admin Fees

Posted on 29th May 2012

A well known housing charity in Scotland is encouraging tenants to reclaim thousands of pounds of cash paid out in administration fees, and at the same time are warning property investors with an interest in landlord insurance to steer clear of unscrupulous letting agents.
The charity, Shelter Scotland, has launched a “Reclaim Your Fees” campaign throughout the country and is advising tenants in private housing that charges by letting agents for administration costs or reference checking is currently illegal and that they should request the money […]

Back to Black for Landlords in the UK

Posted on 25th May 2012

Property investors have been told to expect further years of profit by no less than a royal institution as mortgages remain out of the reach of many aspiring home owners.
Although April’s small rise in rental achievements was the first rise for several months, landlords looking to buy property insurance on further properties have no need to worry according to a report by the Royal Institute of Chartered Surveyors (RICS). A noticeable drop in rents since the turn of the year had made many industry observers […]

Good News on Rents Tempered with Bad News on Arrears

Posted on 24th May 2012

After several months of stagnation, news from two different sources suggests landlords are once more seeing rents begin to increase.
In what will be greeted as good news by property investors across the UK, a report by leading letting agents and surveyors LSL suggests that rents are once more on the up. They reported an increase in April of half of one per cent, the first national increase for three months. It really was good news for virtually all of the UK with increases reported in […]