Massive rise in tenant eviction orders as landlords are forced to get tough causing outcry from homelessness charity Crisis. Over the last three years there has been a 70% rise in court orders for the eviction of tenants in the UK Private Rented Sector (PRS). Homeless charity Crisis set about analysing figures released by the […]
If you are considering becoming a Buy-To-Let landlord you should calculate the costs involved and do plenty of research before taking any financial risk. This is according to Sim Sekhon, spokesman for specialist landlord services provider, Legal 4 Landlords, who explained that many new landlords rush in without calculating mortgage repayments or repairs and maintenance […]
The property price drop left many homeowners stuck in negative equity, unable to move in any direction on the housing ladder, but property investment in the UK will see a good return in the long term despite the current weak property market, according to a new forecast by services company PriceWaterhouseCoopers (PWC). The company have […]
Tenant Demand Driving PRS Rent Increases Financial pressures, employment uncertainty, double dip recession, the Eurozone crisis and the high cost of property deposits have been cited as reasons for the current high demand for PRS rental properties in the UK this year. The financial difficulties faced by would be property buyers, trying to get mortgages […]
Property repossessions fall below expectations UK buy-to-let landlords are taking positive steps to ensure that mortgage payments are met by taking out insurance to guarantee the rent as figures released by the Council of Mortgage Lenders (CML) showed a fall in the number of buy to let and residential property repossessions in the second quarter […]
But lending is still far from its peak, say mortgage experts. Buy-to-let mortgage lending has increased by 20% over the last year, signalling strong growth in the UK private rental sector (PRS). New figures from the Council of Mortgage Lenders (CML) reveal that more than 33,000 loans worth £3.9 Billion (GBP) were advanced in the […]
New research conducted by the National Landlords Association (NLA) has shown that the number of tenants behind with rent payments has risen again, leaving Buy-To-Let landlords without Rent Guarantee Insurance worried about meeting their mortgage payments both on their rental properties and their own homes. The NLA membership survey revealed that over 50% of the […]
The latest news from the Royal Institute of Chartered Surveyors (RICS) made great reading for landlords with the report that PRS rents had risen over the past year. However, the report could be really bad news for tenants and their finances as rental rates are set to increase again over the next 12 months. Tenants […]
A UK court case has delivered a landmark ruling that will affect every landlord in the country. Now any legal notice served on a tenant must have the landlord’s own address on it and not a care of address being that of the agent. The case of Beitov Properties v Elliston Bentley Martin [2012] UKUT […]
An alarming number of small scale landlords, owning just a single rental property, who are experiencing increased void periods and growing rent arrears has doubled since the first quarter of 2012, according to research carried out by leading market research company, Business Development Research Consultants (BDRC Continental). The results of the BDRC Continental survey show […]
New research from the Association of Residential Letting Agents (ARLA) has shown that tenants are happy to stay in rented property for longer than ever. The UK Buy-To-Let market continues to offer a strong return for property investors, with the new ARLA data showing that the average length of a tenancy in the UK has […]
Landlords are extremely positive about the current state of the UK Buy-To-Let market, according to a recent survey carried out by CHL Mortgages. According to the survey 71% of respondents were positive about the growth and stability of the UK Buy-To-Let market. 5% remained negative about the sector’s growth and stability. The positive mood from […]
The number of UK court orders for tenant evictions has increased by 6% compared to the first quarter of 2012. 100,400 tenants in England and Wales were in severe rent arrears – more than 8 weeks – an increase of 24% compared to 2011. As the Private Rented Sector (PRS) continues to expand, the number […]
New data released by the European Union has been highlighted by the housing and homeless charity Shelter, showing that the UK is the third worst off country in Europe when it comes to housing costs behind Denmark and Greece. The EU says that 16.5% of people in the UK are financially burdened by housing costs, […]
Private Rental Sector landlords are urged to act now to secure the tenant’s rental payments or prepare for the worst this year as tenant default rates have already increased by 8%, in the second quarter of 2012, and are still rising. The number of private sector tenancies in severe rent arrears climbed by over 7,000 […]
A new study of the UK rental property market has shown that the cost of Private Rented Sector (PRS) rents are still increasing, following the third consecutive rise in rents being observed in June. Research by LSL Property Services showed that the average rent paid to landlords by tenants in the UK increased by 0.9% month-on-month […]
Around 80% of Britain’s 26 Million residential homes and Private Rental Sector properties were originally built with a front garden plot, according to figures released by the RAC Foundation. Although today almost 1/3 of front gardens of privately owned and landlord buy to let rental properties have been turned into hardstanding which means 7 Million […]
The proposed Universal Credit system due to be introduced in April 2013 is set to replace existing benefits, including housing benefit, will put thousands of social (council and housing associations) and thousands more Private Rental Sector (PRS) landlords at a much higher level of financial risk. The current system of Local Housing Allowance (LHA) or […]
According to a new study by a leading online house and flat sharing portal, 4 in 10 tenants who are renting property in the UK private rented sector (PRS) can’t afford to save One in seven people of those surveyed by SpareRoom.co.uk said they are having to spend more than two thirds of their take-home […]
The premier landlord service provider, Legal 4 Landlords has grown from strength to strength in just 4 short years, thanks to their unique perspective of the UK Buy-To-Let market, smart business practices and a dedicated team of franchisees and affiliates. Legal 4 Landlords was founded in 2008 by three partners, Binder Dhillon, Sim Sekhon and […]
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