There has been a general slump in the number of private landlords in the UK who are willing to take applications from people on benefits and local authorities are being warned that they need to take action. As previously reported, http://blog.legal4landlords.com/welfare-reform-is-bad-news-for-landlords-and-tenants , there is now a significant fall in the number of landlords even willing […]
Read MoreThe homelessness charity, Shelter, say that Private Rental Sector (PRS) rent increases are leaving more tenants in a rent trap. According to the charity, private sector rents in England are rising by an average of almost £300 a year across the country, in the South-East where PRS rents in some areas have gone up over […]
Read MoreIn the UK the combination of high tenant demand, increasing rents and realistic vendor pricing of properties for sale has been a major driving factor behind the increase in PRS rental yields. Buy-To-Let rental yields increased from 6.1% to 6.7% over the last quarter of 2012, with the biggest jump in the private rented sector […]
Read MoreTax Year Deadline is 31st January 2013 Despite all the awareness campaigns and TV advertising, Her Majesties Revenue & Customs (HMRC) repeatedly attempt to tell us that completing a self assessment tax return doesn’t have to be taxing! However, as anyone who has ever completed a self assessment tax return will tell you, the evaluation […]
Read MoreResidential property values increased by an average of 1.3% in December 2012 but according to the latest figures released by the Halifax, property values are likely to end 2013 at levels close to where they began. The Halifax House Price Index revealed an average residential property price of £163,845 (GBP), up from £161,795 (GBP) in […]
Read MoreGovernment ministers face an increasing amount of pressure to disclose their official estimate of how many immigrants will pour into Britain next year from Eastern Europe, after remarks were made on The BBC’s Sunday Politics Show. Communities and Local Government (DCLG) Secretary Eric Pickles conceded on TV that a wave of immigrants from Romania and […]
Read MoreWell it’s the end of the year that was supposed to mark the end of the world for mankind and yet we survived and it wasn’t all doom and gloom, 2012 did bring the UK some joy with events and celebrations across the country, including: For the general public: An inferior team, who hadn’t won […]
Read MoreGovernment Backtrack On Energy Performance Certificates (EPC’s) New regulation of Energy Performance Certification (EPC’s) set to come into effect on 9th January 2013, and is intended to ease the quagmire of paperwork for estate agents, property management companies, letting agents and landlords when preparing to advertise a vacant property for sale or let. Although agents […]
Read MoreAnalysis of rental data by Belvoir Lettings has revealed that private rented sector (PRS) rents have fallen across the UK by an average of 2.4% since the start of the credit crunch in 2008. Belvoir said it gives a much more accurate view of the UK PRS rental market on a national scale rather than […]
Read MoreLandlords Urged To Be More Realistic With Rental Asking Prices With tenant demand for private rented sector (PRS) property easing due to the countdown to Christmas and New Year, it has come to light that many landlords have set rental asking prices that are beyond the affordability of many tenants. London-based property consultants have advised landlords to […]
Read MoreFailure To Plan Is Planning To Fail A recent survey by a national lettings agency has highlighted financial losses incurred by landlords due to failing to plan for unexpected costs. Landlords pay an average of £1500 (GBP) per year out of their rental income on covering tenant rent arrears, maintenance and repair bills and void […]
Read MoreLandlords Warned That Severe Winter Weather Could Bring Big Repair Bills The National Landlords Association (NLA) has issued a warning to all UK landlords to check that their landlord insurance is up to date and to prepare for bad weather and freezing temperatures over the next few months, as weather forecasters predict a bitterly cold winter […]
Read MoreRents Rise But Arrears Fall Regardless of all the media reports about PRS rents rising for the seventh consecutive month, it also appears that the level of late or unpaid rent has fallen to the lowest level since January, equating to 8.1% of all rent across England and Wales in October 2012. A survey by […]
Read MoreThe UK buy-to-let mortgage market continues to show signs of making a good recovery as lenders reveal that over £4 Billion (GBP) worth of mortgages were taken by active property investors during the 3rd quarter of 2012. The UK’s Council of Mortgage Lenders (CML) stated that £4.2 Billion (GBP) worth of mortgages were taken […]
Read MoreThe UK’s rental market has seen strong growth over the last year with rents stabilising in the third quarter to an average rent of £970 per calendar month after an initial fall in price in August. The market has seen a 2 percent increase in rents from September 2011, just 0.6 percent below the rate […]
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