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Landlord Checklist:
The private rental sector plays a huge role in providing comfortable homes for people, so having access to the right information is important, especially for first time landlords who may need guidance to be able to run a successful business.
PropertyQuoteDirect understands that becoming a first time landlord can be daunting which is why we have created a basic checklist that’s easy to understand.
With phase two of the Help to Buy scheme recently launched there is some confusion as to what is on offer and who is eligible for what. With this in mind we have come up with a guide so landlords can find out what buyers can get from the scheme and how this may alter the market in the next couple of years.
The second phase of the Help to Buy scheme was launched earlier on in the year, which means that properties worth up to […]
Electrical safety for landlords – Landlords are being urged to pay more attention to electrical safety. A new report by the Electrical Safety Council shows that a fifth of tenants have been put at risk by faulty or damaged electrics.
Landlords are legally required to carry out gas safety checks, and get a gas safety certificate, every year. The rules on electrics are much woollier. Landlords are required to make sure that the electrics are safe, but there is no requirement for an annual check and […]
Legal for Landlords: know your rights
Landlords often fail to protect their legal rights properly. Many see housing law as being there mainly to protect tenants. It should be used to protect landlords too.
The law can be complex. And when you have a long to-do list to deal with, it’s easy to push understanding the law to the bottom of it. We’ve covered landlords’ legal responsibilities recently. Now we’ve put together this list of the basics to help landlords know their rights.
A Landlord’s Guide to Saving – The other week it was reported that landlords need to make sure they have a contingency plan when it comes to their business, especially as the rental market is constantly changing. Even though it’s relatively easy to make a profit now, there is always the chance that something could go wrong, which is why it is so important to have some extra cash that can help. So here is our guide to saving and how it can be done […]
Being an accidental landlord – Not every landlord wants to be a landlord. According to figures from Rightmove, around 30% of landlords are so-called ‘accidental landlords’.
These are people who have been forced into letting out a property they bought to live in. Usually, they need to move, but find they can’t sell. They may be in negative equity, or simply finding it difficult to achieve a decent price for their home in a slow market. House prices are recovering from the 2008 crash, but the […]
Landlords and Mortgages
Over the past few months there have been numerous news stories regarding the Bank of Ireland and how they have implemented massive interest rate increases for the majority of their tracker and variable mortgages. We have also heard that some landlords are starting to struggle when it comes to interest only mortgages, as many have failed to budget in order to pay back the loan once the interest only term is over. So here we look at the importance of mortgages for landlords […]
There is much more to being a landlord than just buying and letting a property. Landlords have legal obligations to their tenants, just as their tenants do to them. Most of the rules that landlords need to work to are about protecting tenants’ health and safety, or about protecting both landlord and tenant from disputes.
These are the rules that every landlord needs to remember:
Pressure is starting to mount on landlords to ‘green’ their properties. Those who fail to make their properties energy efficient may find that they will not be allowed to let their properties out at all in the future. The introduction of Energy Performance Certificates already means that leaky, costly-to-run properties may be hard to let. But, despite this, many landlords are still failing to take advantage of government help to get their properties up-to-date.
The UK property rental market is one of the country’s biggest. Many of us will spend most of the wealth accumulated in our life time on either a mortgage, rent or home improvements of some kind. This is however proving to be a lucrative market for scammers and con-men who are using fake identities to coax landlords into providing them with housing.