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Time for Change in January – The New Year tends to bring change for many people, including where they live. Whether they are buying a property or looking for a new property to rent, there are many reasons for ensuring that if you are looking to sell a property, or you need to find a new tenant, that it will attract as much interest as possible. After all, the more people that want your property the more money you will be able to make!
The best […]
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 […]
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.
buy-to-let risk – When you buy a new rental property, you take a risk. Markets can fall as well as rise, mortgage interest rates change, renters are not always who you think they are. There are risks all along the rental property journey.
But there is much that you can do to reduce the risks of buy-to-let, and increase your chances of making a great investment. Here’s what you need to think about:
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 – 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?
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 […]
Property Pests – There is nothing worse than finding out that one of your properties has become subject to a pest infestation, especially as it means that not only will you have to organise removing them but potentially also move your tenants out of the property until the pests are gone. Often pests can be dealt with easily, but there are ways to prevent them in the first place. Here we look at what you need to know about pests in your properties:
Dealing with Anti-Social Tenants
As a landlord you will probably find at one point or another that you have unwittingly let your property out to tenants that are anti-social and uncaring of those that live near them. This can often be very difficult to manage, as if your tenants are rude in general they are probably not going to be very forthcoming when you tell them to change their ways! So here are some ideas of what you can do in these situations:
sub-letting – As a landlord, how much do you really know about what your tenants get up to in your property? It can be hard to keep track, especially if you have several properties to look after. It can be surprisingly easy for tenants to sub-let your property to others without you knowing. According to research by tenant eviction service Landlord Assist, the problem of subletting is increasing.