With rising rent costs and growing property demand, it comes as no surprise that yesterday’s stats revealed the number of court orders to evict tenants is up nine per cent. The way the market is shaping, this trend looks set to continue. Despite this, the numbers still come as a shock to some. A staggering […]
Read MoreA solicitor was in the press recently warning of the dangers of a Facebook page aimed at organising group legal action against the owners of a letting agent. Furious landlords and tenants are claiming to be out of pocket since Thomas and Company Rentals closed its branches in Milton Keynes and Northampton. They’ve shown their […]
Read MoreA Blackpool landlord will be regretting his decision to illegally convert one of his properties into flats after the courts issued a bill of more than £6000 last week. The case acts as a warning to other landlords who choose to ignore local authority rules. Officers at Blackpool Council discovered a house owned by Brendan […]
Read MoreThe shortage of rental stocks means more and more tenants are being gazumped when they try to secure a property. This trend helped push the average rent in England and Wales to £696 in May. It’s clear that tenants are now willing to offer above the asking price to get a home they’re happy with. […]
Read MoreThis week Councillor Mark Healey, Chair of Devon and Somerset Fire and Rescue Authority, was appointed as a champion for fire safety in rented homes, as part of The Government’s Fire Kills campaign. This is a welcome move to encourage landlords to take responsibility and ensure their properties are as safe as possible for their […]
Read MoreThe latest figures show that rents reached a record high in May after four successive months rising. In May, the average rent rose by 0.5 per cent to £696 per month. The growth means the average rent is now higher than in May 2010. The average yield remained at 5.1 per cent in May. As […]
Read MoreIt’s recently been in the press that too many buy-to-let landlords are failing to claim back all the costs associated with renting out a property when they submit their tax returns. New research by Paragon shows that a failure to become fully tax-efficient is having a huge impact on landlords’ property investments as they are […]
Read MoreIt has just been reported that a husband and wife who let five flats in Salford without a license have been hit with a bill for £5,800. Warnings that they did not have the correct paperwork were ignored by owners Peter and Frances Kavanagh. They were fined £525 per property and ordered to pay costs. […]
Read MoreTenants running businesses from their rented properties have been put under the spotlight following a recent case in Nottingham. The tenant in question hadn’t set up as a local AVON rep or as a web designer working from a back bedroom, no, this individual was running a scrap metal business from his front garden for […]
Read MoreLatest Landlord News by: Madalena Penny Rents increased again in April, according to latest data captured by LSL property services. In their most recent Buy-to-Let Index, LSL recorded a 0.8% rents rise across average rents in England & Wales, a rise averaging out at £692 per month for a typical property. As you would expect, […]
Read MoreLatest Landlord News by: Madalena Penny 10 skips, mattress’s and an old sofa was still not enough for one private landlord to barricade in tenants and deter them from leaving a plush £1million rented property. For someone who has written for the private rented sector for some years, there is something very odd about that […]
Read MoreLatest Landlord News by: Madalena Penny Controversy surrounding local licensing and planning policies imposed on landlords in the private sector has again stepped up a pace. Hundreds of landlords have won the right for a judicial review over HMO selective licensing schemes imposed by local authorities. Last week 350 landlords in the Accrington area were […]
Read MoreLatest Landlord News by: Madalena Penny Do-it-Yourself landlords are falling foul of harassment code, warns ‘Legal 4 Landlords’. The private landlord legal experts with a national presence across the UK are advising landlords new to the BTL industry to review methods when contacting tenants. Private landlords using unprofessional self-employed agents recruited socially and paid on […]
Read MoreLatest Landlord News by: Madalena Penny An increase in the of the number of Buy-to-Let properties repossessed increased by 0.13% for the first three months of this year compared to Q4 2010. 1,700 BTL properties were taken by lenders in the 3 months running up to March 2011 – a rise from the 1,400 reclaimed […]
Read MoreLatest Landlord News by: Madalena Penny Will landlords reduce the number of tenancies offered to housing benefit claimants? An alliance of private rented sector, property and charity bodies are to take on the DWP over direct housing benefit payment policy, due to be introduced in 2013. Under the new proposed Universal Credit system, benefits […]
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