Latest Landlords News By: Madalena Penny Rent arrears soared in December by a further 2% up on November, increasing the national figure to 11.7%, according to research by LSL. The increase has been blamed on housing benefit being paid direct to the tenant and in a number of cases it has not been passed onto […]
Read MoreLatest landlord News by: Madalena Penny HMO regulations have been highlighted recently by 2 cases this month that caused landlords to be convicted on different grounds. One property was deemed ‘not fit for an animal’ and ‘absolutely appalling’ when a court was given evidence by environmental officers in Leicester. The landlord was duly fined £17,000, […]
Read MoreLatest Landlord News by: Madalena Penny Half way through the first month of the year and the nations’ obsession with property is still dominating the news. Conflicting data and statistics still continues to flood the press reporting negative and positive threads surrounding the home-ownership issue, property prices and the plight of the first-time buyer. The […]
Read MoreLatest Landlord News by: Madalena Penny ‘In individuals, insanity is rare; but in groups, parties, nations and epochs, it is the rule.’ Friedrich Nietzsche The budget and spending review by the coalition government last year is now beginning to have an impact on both social and private sector tenants. In the social rented sector, the […]
Read MoreLatest Landlord News by: Madalena Penny A lot has been reported on increasing interest rates this week resulting in further anxiety and sleepless nights for landlords and property investors. In such a fragile economy, any rise on the base rate at this time would result in a significant deterrent of investment in the buy-to-let sector […]
Read MoreLatest Landlord News by: Madalena Penny Housing Minister, Grant Shapps revealed plans yesterday for new measures and support for landlords to evict ant-social tenants. The ‘Fast-Track’ evictions will speed up the lengthy waiting times currently applied to evictions in England. Under the new measures, tenants could be served with an eviction notice on the grounds […]
Read MoreLatest Landlord News by: Madalena Penny Despite warnings, landlords are still leaving themselves vulnerable to criminal activities undertaken in their properties. Last summer, we publicized a warning to landlords and letting agents concerning the rise in cannabis cultivation in rented properties adopted by drugs gangs, after Legal 4 Landlords met with Merseyside’s Matrix Unit. The […]
Read MoreLatest Landlord News by: Madalena Penny The Department of Work and Pensions has responded to private rented sector researchers regarding ministers’ incentives to landlords to reduce rents and in return pay housing benefit direct to them rather than the tenant on a temporary basis. The announcement made last month by Lord Freud prompted Legal 4 […]
Read MoreLatest Landlord News by: Madalena Penny Positivity surrounds the beginning of 2011 for landlords, letting agents and property investors. Q4 2010 According to the recent rental index from leading property website Findaproperty.com, the increase in value of residential rental properties has resulted in a £55 per month increase in rents outside London since January 2010. […]
Read MoreLatest landlord news………… by Madalena Penny More Freezing Temperatures on the Way. Landlords this week will be busy returning their insurance claims as the UK saw one of the worst bouts of freezing weather and snow since the 70’s. The plummeting temperatures experienced in December has caused chaos to many households due to frozen and burst pipes, […]
Read MoreLatest Landlord News by: Madalena Penny As landlords and letting agents draw a close to this year, 2010 has seen some vast changes within and around the private rented sector. At the beginning of the year 3.1 million households were supported by private residential landlords, the figure is now estimated to be about 3.6 million. […]
Read MoreLatest Landlord News by: Colin Campbell A Mancunian song-smith wrote during the 1980’s “money too tight to mention”, and at no other time of the year is a lack of funds more keenly felt than at Christmas. With the spending review affecting employment levels, the rising cost of fuel and heating, compounded by inflation, arctic […]
Read MoreBy: Madalena Penny Landlords attempting to evict tenants without adhering to necessary procedures risk prosecution from the courts warned Sim Sekhon of the legal company ‘Legal 4 Landlords’. Urging landlords not take matters into their own hands, Mr. Sekhon warns that landlords who deliberately, illegally evict tenants face serious penalties, which could result in a […]
Read MoreBy: Madalena Penny Christmas, a time of year to be enjoyed by all? Unfortunately for landlords, the festive season of good cheer can be one of the costliest periods due to an increase in rent arrears, especially LHA tenants. The LHA (Local Housing Allowance) introduced in 2008 to replace the housing benefit system has caused […]
Read MoreBy: Colin Campbell With Christmas bunting turning many of the homes across Britain into grottos fit for Santa’s arrival, for the adults, thoughts at this time of year often turn to the following week and New Year’s Eve. Some of you may consider spending the evening in the fountain at Trafalgar Square or stumbling over […]
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