|Posted on 12 November, 2019 at 11:15||comments (0)|
Landlord responsibilities have increased tenfold over the last few years as the government has introduced a raft of new legislation designed to protect tenants. The difficulty is that the vast majority of landlords are not seasoned professionals, but rather people who purchased or inherited an extra property and use it to prop up their income. This means that many landlords struggle to keep on top of the changes. However, failing to comply with legal obligations as a landlord can be a costly ...Read Full Post »
|Posted on 8 October, 2019 at 8:25||comments (0)|
David Cox, ARLA Property Chief Executive, said: Although it's positive to see that supply has risen, it is nowhere near enough to counterbalance the rapid pace of rising rents, which have reached a new record high for the fourth month running. Two thirds of agents reported landlords raising rents last month, which is a significant increase when compared to the two fifths of agents who witnessed rises in August last year."
Unfortunately, the impact of the Tenant Fees Act will continue to...Read Full Post »
|Posted on 8 October, 2019 at 8:00||comments (0)|
If you're bored of your salary being swallowed up by your rent? It may be time to move to Durham. The city has ben named the most affordable place to rent in England, with just 23% of your monthly salary going towards rent there. Other northern cities closely follow in the latest Affordability Index, with tenants in Lancaster and Liverpool having to spend just 24% of their salary on rent.
At the other end of the scale, Brighton and Bath have been crowned the most expensive cities for re...Read Full Post »
|Posted on 24 July, 2019 at 10:25||comments (1)|
The Office of National Statistics has released the English Housing Survey 2017 to 2018: private rented sector.
The finding of the report concluded: The majority of private renters are satisfied with their accommodation and tenure, though not as satisfied as owner occupiers.
* The majority (84%) of private renters were satisfied or very satisfied with their current accommodation, though this was not as high a propertion as owner occupiers (95%).
* Private renters had the lowe...Read Full Post »
|Posted on 14 May, 2019 at 11:20||comments (0)|
Alarm bells over the health of Britain's private rented sector have been raised for the second time in two weeks, leading some to worry that a rental crsis is on the horizon.
Many landlords will have seen their profits slashed over the past three years as biting tax changes have taken their toll. Two pieces of legislation, one proposed and one incoming, are likely to have a further impact on landlords in the coming years..
Landlords have issued a stark warning over the healt...Read Full Post »
|Posted on 9 February, 2019 at 7:35||comments (0)|
The introduction of a ban on fees charged by landlords and letting agents looks set to finally become law on June 1st this year, the government has announced.
Following it's third reading in the House of Lords, the Tenant Fees Bill is likely to receive Royal Assent in the coming months.
Speaking to The Lords, Lord Bourne of Aberystwyth said: "We need to enable agents and landlords following Royal Assent to become compliant, but we intend for the provisions to come into force on Ju...Read Full Post »
|Posted on 22 January, 2019 at 5:50||comments (0)|
Currently, there is a nationwide campaign headed up by Generation Rent and supported by The Salvation Army and Crisis amongst others. The campaign has over 50,000 signatures so far, calling for Section 21 to be scrapped.
Section 21 evictions, also known as no-fault evictions, are used when a landlord needs the property to be vacated for any number of reasons at the end of a tenancy agreement. These can include the following, althought the Section 21 ...Read Full Post »
|Posted on 15 December, 2018 at 7:05||comments (0)|
If you rent out a property classed as a House in Multiple Occupation (HMO) you need to make sure you are aware of some recent changes.
A HMO is a property that is rented to a number of unrelated tenants who share facilities like bathroom or kitchen. They can include shared houses or flats above commercial premises.
On October 1st, mandatory HMO licensing was extended to include one and two storey properties. An HMO must now be licensed if:
* it is let to five or more p...Read Full Post »
|Posted on 14 September, 2018 at 6:05||comments (0)|
We now live in a world where a good managing agent is worth their weight in gold, but a poor one can be a massive liability. Minor compliance failures can cause significant problems for landlords.
|Posted on 4 August, 2018 at 8:20||comments (0)|
Landlords, did you know that if you did not provide a gas safety cerificate at the start of a tenancy (be it a first agreement or written renewal after 1st October 2015), before the tenant moved in, you may find that any Section 21 Notice served during the term is invalid.
If you gave your tenant a tenancy after 1st October 2015, but failed to serve a gas safety certificate prior to them moving in, then your AST will be treated as an assured tenancy and possession using a Section 21 Not...Read Full Post »