For some landlords, the idea of putting a tenant deposit into a protection scheme may seem unnecessary or even burdensome – why can’t you just return the deposit after the tenancy has ended if no damage has been caused to the property? In an ideal world that might be the case, but the purpose of […]
Read More1. Will I still be covered by my insurance policy when a tenant moves out? You will need to check the terms and conditions of your policy. If a tenant moves out and your property goes unlet for a period of time, some policies won’t provide any cover for the time inbetween and others will […]
Read MoreAs a landlord, you have a number of responsibilities, particularly when it comes to your tenants. Sometimes issues are foreseeable, but sometimes they’re not. Specialist landlord insurance to cover all the possible issues that could pop up is an absolute necessity for landlords, and here are 5 reasons why. It protects your investment Fact: Buying, […]
Read MoreThe private rented sector has consistently accelerated over the past few years; back in 2014 the Intermediary Mortgage Lenders Association predicted that if the market trends continued over 50% of UK homes would be rented by 2032. While this is good news for you letting agents, that growth also comes with additional rules and regulations […]
Read MoreThe Tenant Survey 2015/16, carried out by YouGov on behalf of property agent Knight Frank, collected and analysed the responses of 5000 people living in privately rented property across the UK. We have highlighted what we consider to be the most significant findings and from the survey for landlords and letting agents. First, a little […]
Read MoreChancellor George Osborne’s Autumn Statement and Spending Review may have thrown a large spanner in the works for people looking to invest in buy-to-let properties or second homes. He’s decided to wack a new 3% surcharge on stamp duty. His argument? It will be fairer for first-time buyers (as the surcharge won’t apply to them). […]
Read MoreTwo shake-ups to the private rental sector in Wales If you’re a letting agent in Wales, keep on reading, because this week sees two big changes in the private rental sector. New immediate obligation to display fees The first big change is that letting agents need to be aware of a new – and perhaps […]
Read MoreIf you wanted proof that the rental market is growing, Countrywide has come up trumps. The UK’s largest letting agency has released an extensive report into the private rental sector which shows that more than two million homes have changed tenure over the last decade. Around one and a half million homes that were occupied […]
Read MoreMortgage rates could drop below 1.5% as new lenders prepare to enter the UK mortgage market in the coming months. Increased competition in the UK market could mean that residential property owners benefit from lower mortgage repayments by as much as £600 (GBP) a year New lenders are likely to be attracted to the UK […]
Read MoreBank Loans To Business Falls It has been reported that UK bank lending has continued to dwindle, despite government attempts to reverse the trend through the introduction of the “Funding for Lending Scheme” (FLS). Bank of England (BoE) data showed that overall net lending fell £300 Million (GBP) in the first quarter of 2013. Lending […]
Read MoreDisgruntled savers who refuse to continue to suffer dreadful interest rates offered by banks are turning to buy-to-let property to provide very lucrative returns. Property investment in the UK is increasing and more and more people are becoming aware of the potential profitability of letting out decent standard rental property to tenants who want somewhere to live. […]
Read MoreUK Landlords Unaware of Legal Obligations There have been several reports in the national media recently about UK landlords facing prosecution for ignoring their legal responsibilities. The press reports suggest that new, accidental or reluctant landlords are not aware of their full rental property and tenant care responsibilities. There are a number of aspects that […]
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 MoreResults from the latest Quarterly Lettings Index survey by Countrywide have revealed a highly favourable rental market for UK buy-to-let landlords in the private rented sector. The Countrywide quarterly lettings index analyses all UK PRS rental prices, rent arrears and gross rental yields and is the UK’s largest national lettings index based on over 50,000 rental […]
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 […]
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