UK PRS void periods and rent arrears are falling steadily UK private rented sector landlords are reaping the rewards of the developments of specialist products and services designed to ease the burden for landlords and the UK lettings industry. Market leading companies, such as Legal 4 Landlords have spent a great deal of time, effort […]
Read MoreLandlords Must Carry Out Tenant Referencing To Avoid Bad Tenants 2012 wasn’t really a great year to be a landlord Almost 60% of landlords had problems with bad tenants in 2012 99,000 tenants didn’t pay rent for more than 2 months Tenant evictions increased 8% During 2012 some 59% of landlords were left out of pocket […]
Read MoreIt looks like 2013 could be a very busy year for UK Buy-To-Let, according to the Association of Residential Lettings Agents (ARLA). The average number of rental properties owned by BTL landlords rose from 7 to 8 in the final quarter of 2012, and the market expansion looks set to continue throughout 2013 as better […]
Read MoreA greater proportion of residential property owners struggling to sell their existing properties are taking a leaf out of the portfolio landlords book and are choosing to offer their properties for rental purposes in the UK private rental sector (PRS), in order to provide adequate finances for their retirement. Of the single property owners choosing […]
Read MoreThe number of tenants in severe rent arrears declined by 15.6% during the final quarter of 2012, according to data released by Templeton LPA, part of the LSL Property Services group. The data indicates that in the last quarter of 2012, almost 16,000 fewer tenants faced severe rent arrears of more than 8 weeks rental […]
Read MoreMillions of property owners and tenants renting property in the Private Rented Sector (PRS) are resorting to extreme measures including high interest pay day loans to avoid eviction as well as trying to make ends meet after falling behind on monthly housing payments. According to a new report by homelessness charity Shelter, nearly 8 million […]
Read MoreAs many UK landlords already know, there are always some issues that can arise during the course of a tenancy. These can vary from essential repairs to rent arrears and with the UK still slowly recovering from a double dip recession, money is tight all around. With this in mind Legal 4 Landlords offer landlords […]
Read MoreGovernment’s Own Watchdog Warns Ministers Over Housing Mayhem There will be a huge shortage of affordable Private Rented Sector (PRS) property for tenants claiming housing benefit if the Government Welfare reforms go ahead in the spring of 2013 as currently planned. The warning has come from the Government’s own spending watchdog, the National Audit Office […]
Read MoreThe number of private sector tenants in severe arrears is still increasing, albeit at a slower rate, rising by 1.6% in the 3rd quarter of 2012. There are now more than 99,000 tenants in rent arrears greater than 8 weeks plus – the highest since 2008 and 15% more than last year. Tenants in severe […]
Read MoreA landlord from Sheffield has been sentenced to 9 months in prison for taking the law into his own hands and forcefully removing a tenant from his rental property, instead of following legal procedures or appointing a qualified tenant eviction specialist. The landlord, Jay Allen, had not applied for a court order and had not […]
Read MoreThe Residential Landlords Association (RLA) and homless charity Crisis say that UK court orders to evict defaulting tenants in the Private Rental Sector have risen by more than 70% over the past 3 years. Homeless charity Crisis analysed Ministry of Justice figures to reveal that within the last 12 months some 36,211 landlords have been […]
Read MoreRenting Property Costs More Per Month Than Buying It! A study by mainstream mortgage lender the Halifax has revealed that renting a property now costs over £130 per month more than the monthly cost of buying a property. UK landlords are holding on to Buy-To-Let goldmines as not only can they command premium rental prices from tenants but they […]
Read MoreWith reports of rising rent defaults, many landlords want to protect against the loss of rent. Here we explain the benefits of rent guarantee insurance, as well as look at some of the small print. How it works In theory, rent guarantee insurance is a landlord’s proverbial best friend: if your tenant fails to pay […]
Read MoreWith UK University terms now started for the 2012/13 academic year we offer 5 great tips for new student tenants. 1.- Many landlords require a deposit for the rental of a property and may ask for the deposit and the first month’s rent. This can be quite a large sum of cash to part […]
Read MoreUniversal Credit Creates Rent Arrears Storm A parliamentary debate held earlier this month (September) saw MPs from both sides of the house getting a little hot under the collar, arguing about how payment of the new Universal Credit benefit, due to be introduced next year, should be made. Universal credit is set to take over from Local […]
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