UK Property Repossessions are forecast to increase 22% in 2012 Economists expect the recession and rising unemployment to squeeze the already stretched household finances of thousands of struggling families this year and are warning UK homeowners and landlords of a sharp rise in residential property repossessions. Record low Bank of England (BoE) interest rates and […]
Read MoreProperty investors are being urged to thorough research in order to be very selective about the areas they choose to purchase investment property in during 2012. Poor returns from savings and the continuing strong demand for rental property will be the driving factors behind an increase in property investment in the UK buy to let […]
Read MoreThe UK Coalition Government plans to cap benefits will still be fully implemented despite the parliamentary defeat in the House of Lords on Monday this week. A defeat that saw 26 Lib-Dem peers rebel against the Government’s wishes. Although, the Government have admitted that whilst disappointed by the result, they still intend to push through […]
Read MoreThe demand for Private Rental Sector (PRS) residential property and the rise in the number of tenants struggling to meet their rental payments on a regular monthly basis is expected to see the decline of the UK residential property rental market. According to the latest lettings survey from the Association of Residential Letting Agents, (ARLA) […]
Read MoreUK landlords have little confidence in the current Housing Benefit system and the majority would try to avoid accepting tenants in receipt of benefits due to the extra hassle and headaches that dealing with local authorities and local government departments cause. Landlords claim that tenants who do not receive any form of welfare support are […]
Read MoreThe coalition Government face another battle over welfare reforms, this time in the House of Lords. The outcome will affect individuals and families in receipt of local housing allowance (LHA) or housing benefit, who are in private rented sector (PRS) properties. The Welfare Reform Bill, currently going through the House of Lords, is set to […]
Read MoreThe downturn in UK property valuations has lead many existing homeowners, some of whom are desperate to sell up, to consider alternative ways to cash in on their current property, without having to sell it below their expected valuations. A fairly noticeable proportion of these vendors are choosing to become first-time landlords, rather than settling […]
Read MoreUp to a million families across the UK now face a bleak future as the cuts to housing benefit take effect. Homeless charities including Shelter, Crisis and even the Residential Landlords Association (RLA) have all been campaigning against the Governments welfare reforms where the new LHA caps restrict the maximum LHA payable to between £250 […]
Read MoreWho pays for repairing the damage at a rental property can depend on what exactly has gone wrong. Landlords are responsible for damage to the fabric of the property, such as, missing roof slates causing damp, broken down boilers and leaks and all landlords should have suitable Buy-To-Let insurance in place to cover the costs […]
Read MoreThe wild winter storm that rocked most of the UK last week caused widespread damage but the Association of British Insurers (ABI), reassured all policyholders, including those with landlord insurance policies, that claims would be dealt with swiftly. The torrential rain and gale force winds caused extensive disruption across the UK’s transport network, damaged properties […]
Read MoreResearchers claim that the uk’s welfare reforms will make more than three quarters of a million homes unaffordable for tenants. The Government Welfare Reform payment caps came into force this week (1st January 2012) meaning that more than 810,000 private rented homes unaffordable for tenants claiming the housing allowance under the new “Universal Credit” system. […]
Read MoreWith some landlords feeling the financial pinch, a small minority of ill advised or inexperienced landlords are attempting to reduce costs by cutting vital corners such as on repairs or worse, on their insurance policies. As the owner and landlord of a buy to let property, adequate insurance is required to protect the fabric of […]
Read MoreRent Arrears are set to rise in the UK Private Rented Sector, (PRS), during 2012 as more landlords face dealing with tenants who cannot afford the rental payments on their residential property. The UK media reported at the end of last year that the number of court orders to evict tenants had risen by 11% […]
Read MoreThere could be big changes in store for the UK private rental sector should there be an exodus of inexperienced or accidental landlords from the market. The rental market in the UK could be significantly impacted in the event of a mass departure of inexperienced and accidental landlords from the sector. This is the suggestion […]
Read MoreDespite campaigns from all quarters of the media and industry bodies, the number of empty homes in the UK increased significantly in 2011, new research has shown. Data from the Communities and Local Government department, (CLG),the Office for National Statistics, (ONS), and Halifax’s own housing statistics database, the study revealed a 1.8% rise in empty […]
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