By: Madalena Penny Landlords in the UK receive very little positive publicity. Through historical renditions of Dickensian property owners that throw starving families out into the streets with Machiavellian pleasure, the UK’s private rented sector is in need of the business investment model delivering a new image to bring it in line with a more […]
Read MoreBy: Colin Campbell Landlords and the private rented sector received a boost last week as the National Association of Estate Agents announced that it was introducing a licensing scheme for the industry. It is hoped that the enterprise would help to improve and regulate standards within the sector by protecting tenants and landlords from rogue […]
Read MoreBy: Madalena Penny After 9 consecutive months of rent rises, according to LSL Property Services, rents have increased a further 0.4% from September to an average of £691 per month. While on the surface it could look as though landlords are making hay while the sun shines, the rent-savvy landlord is all to aware there’s […]
Read MoreBy: Madalena Penny With about as much consistency as Cheryl Cole’s X-Factor status and all the buoyancy of Katie Price’s knicker elastic, buy-to-let statistics are indicating some variable views on the BTL sector. According to UPAD’s recent research measuring landlord confidence, it’s something of a mixed bag. Surprisingly in contradiction to a steady stream of […]
Read MoreBy: Colin Campbell A new initiative announced this month by Chris Hulne, the Energy & Climate Change Secretary has been supported by landlords in the private rented sector. The ‘Green Deal’ is aimed at providing the nation’s increasing energy needs by finding cleaner and more efficient ways of sustainable consumption. Pointing out that a quarter […]
Read MoreBy: Madalena Penny Today Downing Street will be receiving a petition of 2,000 landlord signatures. The ‘Rebalancing Law Petition’ organized by the RLA (Royal Landlords Association) and other landlord bodies has been created in an attempt to ask the government to reconsider their intended closures of county and magistrate courts. The proposed closures consisting of […]
Read MoreBy: Madalena Penny 61,000 new tenants is no coincidence. According to Countrywide, this is the number of applicants that registered for residential rental property in Q3 this year. Compared with the previous quarter, the research reveals a 19% increase and a 44% leap since January 2010, creating a tenant-trend and mass flight to the private […]
Read MoreBy: Colin Campbell The ramifications of last month’s governmental spending revue is currently being digested over the breakfast tables of landlords up and down the country. Closer analysis suggests that, as always, ‘the devil is in the detail’. Regular readers of the Legal 4 Landlords tri-weekly blogs will know that the Private Rental Sector will […]
Read MoreBy: Madalena Penny With eight consecutive months of rent rises, LSL Property Services has revealed that 71% of landlords surveyed are finding it increasingly difficult to secure lending to increase their portfolios despite the wave of tenant demand and regardless of the rise in rents the sector is presently experiencing. Legal 4 Landlords financial director […]
Read MoreBy: Colin Campbell With tenant demand currently out-stripping home ownership in the UK, landlords can expect on average 5.5 potential tenants waiting for every available vacant property. The Office of National Statistics calculated in 2009 that the average income in Britain had achieved a level of £25,000 per annum, a figure that demonstrates that many […]
Read More‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾ By: Colin Campbell Remember; remember the 5th of November, and also where you’ve put your insurance policies! With 3.3 million households provided by the private rented sector, it’s a certainty that tenants up and down the country will be holding a party to celebrate Bonfire Night. While they are busy selecting sparklers, rockets, fountains […]
Read More‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾ Not all tenants can be evicted even with a possession order. Even with a 100% success rate in court, this was one unwelcome tenant that Legal 4 Landlords could not move on………In true Halloween spirit and to add a bit of contrast to the doom and gloom of cuts and job losses, Legal 4 […]
Read More‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾ By: Madalena Penny A recent study published by the Building and Social Housing Foundation (BSHF) has indicated that by 2013, the private rented sector will be larger than the social rented sector, with one in five households in private accommodation by the end of the decade. Between 2005-2009, the PRS grew by a further […]
Read MoreBy: Madalena Penny In an unprecedented case last week, one landlord was awarded £72,000 in damages when a surveyor overestimated the value of rental property, landlord Emmet Scullion had invested in. Costing Mr. Scullion £352,950 in 2002 and given a rental value of £2,000 per month by surveying company, Colleys, the property in Surrey only […]
Read MoreBy: Madalena Penny According to the latest survey from ARLA, (Association of Letting Agents) the number of residential rental voids has fallen on properties from 3.6 weeks to 3.2 weeks in Q2 of this year, the lowest recorded. Compared with the last quarter of 2009, which revealed a void period of 4 weeks, the survey […]
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