Solicitors state that all landlord details should be included in Prescribed Information The information must be included, even when the rental property is fully managed by a managing agent, to avoid any possible legal problems with tenancy deposits. Linda Howard, of Shoosmiths solicitors has warned that individual judges could make different interpretations on the wording of […]
Read MoreLandlord Insurance protects rental property assets UK private rental sector (PRS) landlords need to protect their buy-to-let property investments and landlord insurance is just one aspect that can be well worth the initial financial outlay. Rental property is an important, income producing asset for PRS landlords, and some degree of financial protection is required to […]
Read MoreRent Guarantee Insurance Reduces Landlord Rent Arrears Worry Private rental sector rent rises slowed down in May and even tenant rent arrears are falling as more landlords use Rent Guarantee insurance to protect the rental income. According to LSL property services, the UK private rental sector (PRS) is still growing, with the number of new tenants […]
Read MoreA letting agent has been fined £41,200 (GBP) by Watford Magistrates court after they failed to comply with safety regulations and admitted a string of offences at five Houses of Multiple Occupation (HMO’s). It is the first time Welwyn Hatfield Borough Council has prosecuted a letting agent rather than a landlord and the council also said it […]
Read MoreRental Property Seen As Safe Investment There has been a rise in the number of landlords expanding their rental property portfolios over the last three months, according to fresh research by the Association of Residential Letting Agents (ARLA). ARLA questioned its members to find out if landlords are currently increasing their investment in rental properties […]
Read MoreUK landlords are concerned about the impact Universal Credit will have on the private rented sector 70% of landlords who currently let rental property to tenants claiming housing benefits are worried the welfare reforms will have a negative effect on their business, according to the National Landlords Association (NLA). 75% of Landlords with larger […]
Read MoreLandlords Need To Step Up Maintenance Of Rental Properties To Improve Safety There have been numerous reports in the national press about landlords being prosecuted by local authorities for failing to keep their rental properties maintained to a safe, decent and habitable standard. Many of these prosecuted landlords never bothered to comply with their legal […]
Read MoreMortgage rates could drop below 1.5% as new lenders prepare to enter the UK mortgage market in the coming months. Increased competition in the UK market could mean that residential property owners benefit from lower mortgage repayments by as much as £600 (GBP) a year New lenders are likely to be attracted to the UK […]
Read MoreBank Loans To Business Falls It has been reported that UK bank lending has continued to dwindle, despite government attempts to reverse the trend through the introduction of the “Funding for Lending Scheme” (FLS). Bank of England (BoE) data showed that overall net lending fell £300 Million (GBP) in the first quarter of 2013. Lending […]
Read MoreGood news for private sector landlords as business will continue to boom! The post war “must be a homeowner” mentality of our parents has been replaced with the more modern paradigm of our neighbours on the Continent, “rent for life” Whilst our forebears wanted to own property for a sense of security and […]
Read MoreLegal 4 Landlords tenant referencing services are fast, reliable, accurate and 100% secure Legal 4 Landlords pioneering tenant referencing system is more advanced and more efficient than any other tenant referencing system available. Legal 4 Landlords fully online system is faster and more accurate than ever before with the ability to track and manage all […]
Read MoreDisgruntled savers who refuse to continue to suffer dreadful interest rates offered by banks are turning to buy-to-let property to provide very lucrative returns. Property investment in the UK is increasing and more and more people are becoming aware of the potential profitability of letting out decent standard rental property to tenants who want somewhere to live. […]
Read MoreLandlords Urged To Be On Flood Alert There has been a great deal of increased flooding across many parts of the UK in recent years and this has lead to an ongoing stand-off between the current coalition Government and the Association Of British Insurers (ABI) regarding flood insurance. Private rental sector (PRS) landlords and private […]
Read MoreThe Governments plan to make private rented sector (PRS) and social housing landlords legally responsible for checking the immigration status of all tenant applicants has raised questions on the policy from MP’s. The proposal to make landlords perform immigration checks on tenants and prosecute those who fail to comply has caused outrage among UK PRS landlords, who would […]
Read MoreLandlords Set To Become UK Border Agency Informants Private sector landlords are set to become unpaid members of the UK Border Agency as amendments to the UK immigration laws announced in the Queen’s Speech last week are pushed through Parliament UK landlords will become legally responsible for ensuring that they only let rental properties to […]
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