New research from the Association of Residential Letting Agents (ARLA) has shown that tenants are happy to stay in rented property for longer than ever. The UK Buy-To-Let market continues to offer a strong return for property investors, with the new ARLA data showing that the average length of a tenancy in the UK has […]
Read MoreLandlords are extremely positive about the current state of the UK Buy-To-Let market, according to a recent survey carried out by CHL Mortgages. According to the survey 71% of respondents were positive about the growth and stability of the UK Buy-To-Let market. 5% remained negative about the sector’s growth and stability. The positive mood from […]
Read MoreThe number of UK court orders for tenant evictions has increased by 6% compared to the first quarter of 2012. 100,400 tenants in England and Wales were in severe rent arrears – more than 8 weeks – an increase of 24% compared to 2011. As the Private Rented Sector (PRS) continues to expand, the number […]
Read MoreNew data released by the European Union has been highlighted by the housing and homeless charity Shelter, showing that the UK is the third worst off country in Europe when it comes to housing costs behind Denmark and Greece. The EU says that 16.5% of people in the UK are financially burdened by housing costs, […]
Read MorePrivate Rental Sector landlords are urged to act now to secure the tenant’s rental payments or prepare for the worst this year as tenant default rates have already increased by 8%, in the second quarter of 2012, and are still rising. The number of private sector tenancies in severe rent arrears climbed by over 7,000 […]
Read MoreA new study of the UK rental property market has shown that the cost of Private Rented Sector (PRS) rents are still increasing, following the third consecutive rise in rents being observed in June. Research by LSL Property Services showed that the average rent paid to landlords by tenants in the UK increased by 0.9% month-on-month […]
Read MoreAround 80% of Britain’s 26 Million residential homes and Private Rental Sector properties were originally built with a front garden plot, according to figures released by the RAC Foundation. Although today almost 1/3 of front gardens of privately owned and landlord buy to let rental properties have been turned into hardstanding which means 7 Million […]
Read MoreThe proposed Universal Credit system due to be introduced in April 2013 is set to replace existing benefits, including housing benefit, will put thousands of social (council and housing associations) and thousands more Private Rental Sector (PRS) landlords at a much higher level of financial risk. The current system of Local Housing Allowance (LHA) or […]
Read MoreAccording to a new study by a leading online house and flat sharing portal, 4 in 10 tenants who are renting property in the UK private rented sector (PRS) can’t afford to save One in seven people of those surveyed by SpareRoom.co.uk said they are having to spend more than two thirds of their take-home […]
Read MoreThe premier landlord service provider, Legal 4 Landlords has grown from strength to strength in just 4 short years, thanks to their unique perspective of the UK Buy-To-Let market, smart business practices and a dedicated team of franchisees and affiliates. Legal 4 Landlords was founded in 2008 by three partners, Binder Dhillon, Sim Sekhon and […]
Read MoreThe outcome of a landmark legal case has fired a warning shot to all UK landlords and property management agents to ensure that any legal notice served on a tenant must have the landlord’s own address on it and not that of the agent. The case of Beitov Properties v Elliston Bentley Martin [2012] UKUT […]
Read More40% of all UK Private Rented Sector (PRS) tenants have reportedly lost some or all of their rental deposit at the end of a tenancy, but landlords aren’t winning either, says a new report. The total amount lost per person averaged £313 (GBP) according to a new survey conducted by online property portal – FindaProperty.com. […]
Read MoreUnder the next wave of welfare reforms, new rules set to be introduced next year, mean that the housing benefit allowance of the new Universal Credit system, will not be paid directly to landlords. Instead the Government proposes that all payments will be paid directly to tenants, even if they are vulnerable or in arrears! […]
Read MoreThe number of tenants finding themselves in severe financial difficulty has climbed by 8% in the second quarter of 2012. Over 7,000 more tenant’s, are over two months in arrears, than there were in the first three months of 2012, according to the latest Tenant Arrears Tracker by chartered surveyors Templeton LPA. In the second […]
Read MoreUK Landlords with Rent Guarantee insurance have reported an increase in rental yields during the second quarter of 2012. The latest Private Rented Sector (PRS) Trends Survey, commissioned by specialist Buy-To-Let mortgage lender Paragon, has revealed that UK landlords achieved an average rental yield of 6.5%. This is an increase of 0.3% from the 6.2% […]
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