UK landlords are considered to be service providers, offering their rental property assets as suitable homes for people looking to rent property in the private sector. However, there are times when being a landlord can appear to have a few drawbacks, so we would like to offer landlords a little advice on dealing with some […]
Read MoreBuy To Let Mortgages Continue To Lead The Way In UK Property Market Re-mortgaging activity in the first quarter of 2013 saw UK mortgage lending reach a new high, with more landlords trying to raise finance to buy more suitable residential properties with a view to letting them out to tenants, according to the latest […]
Read MoreSmaller buy to let properties provide property investors and landlords with the best rental yields, says Countrywide Countrywide’s latest research is based on 50,000 buy to let properties across England, Scotland and Wales, and their survey found that the average PRS rental yield for a one bedroom property was 6.8% during the first quarter of 2013. This compares […]
Read MoreUK Landlords are no doubt aware that local authorities have the discretion to charge full Council Tax on empty properties from 1st April 2013. The changes affect all rental properties that previously would have been automatically exempt from charges, including all empty furnished and unfurnished properties available for rent. Landlords with properties that are empty […]
Read MoreUK 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 MoreInventory Needs To Record Condition of All Fixtures And Fittings To Avoid Deposit Disputes Increased demand for suitable rental properties in the UK Private Rental Sector (PRS) means there is an urgent need for landlords and tenants to develop and maintain an accurate inventory of all fixtures and fittings in order to avoid disputes […]
Read MoreMany UK landlords admit that they fear tenants leaving in the middle of a tenancy, especially if the tenants are behind with the rent. Tracking down absconding or missing tenants can be a thankless, if not near-impossible task, and the process of extracting any owed rent from them is even harder. However, specialist landlord […]
Read MoreThere are hundreds of pieces of Government legislation and local authority regulations that have to be adhered to by landlords before being allowed to rent out property in the Private Rented Sector (PRS). The onus is on the landlord to make sure that the rental property and tenancy agreement are in full compliance with all […]
Read MoreIn the UK the combination of high tenant demand, increasing rents and realistic vendor pricing of properties for sale has been a major driving factor behind the increase in PRS rental yields. Buy-To-Let rental yields increased from 6.1% to 6.7% over the last quarter of 2012, with the biggest jump in the private rented sector […]
Read MoreTax Year Deadline is 31st January 2013 Despite all the awareness campaigns and TV advertising, Her Majesties Revenue & Customs (HMRC) repeatedly attempt to tell us that completing a self assessment tax return doesn’t have to be taxing! However, as anyone who has ever completed a self assessment tax return will tell you, the evaluation […]
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 MoreUnderinsuring properties means landlords risk higher repair costs New research by Aviva insurance found that 86% of rental properties surveyed were found to be significantly underinsured The results of the survey have prompted many landlord insurers to issue a warning to all landlords about the risks they face if their properties are not insured to […]
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 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 […]
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