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1086 articles
Are you providing your tenants with what they want?
Due to the inflation of living costs and house prices, the number of people able to get onto the housing ladder has decreased over the generations. Renting has become the only viable option for many to live nowadays, but are letting agents and landlords providing what tenants actually want? Despite trends indicating that the housing […]
The Real price of nuisance neighbours
We all need good neighbours, but not all tenants and homeowners are fortunate enough to hit it off with those that live next door. When events turn sour, life becomes stressful and property prices can even tumble. According to a new study commissioned by financial services comparison website, GoCompare, nuisance neighbours are not merely a […]
The university towns which offer the highest buy-to-let returns
As A-Level students discover if they have achieved the grades they need to get into their university of choice, and students get ready to return to their studies at university and college, now could be the perfect time to invest in the student buy-to-let market. A recently released study has revealed that landlords who let […]
Liverpool: an opportunity for buy-to-let investors
Famous for its extensive industrial history, world-class Premier League football and acclaimed music scene, Liverpool has experienced a major overhaul, making it the perfect opportunity for buy-to-let investors. Located in England’s North East and crowned 2008 European City of Culture, Liverpool’s population continues to grow and experience regeneration as a result, and it is now […]
Potential tenants warned of renting scams
Threshold, a housing charity in Ireland, has warned potential tenants to exercise caution when replying to advertisements for rental properties, in order to not fall victim to rental scams. Vulnerable tenants such as young, inexperienced renters and students are proving especially vulnerable in lettings fraud in their attempts to secure appropriate rental properties. Scammers are […]
Four easy ways to boost tenant satisfaction
The private rented sector (PRS) is often complacent when it comes to customer and tenant satisfaction. In a turbulent and changing lettings landscape, the best landlords and letting agents are focusing on tenant retention as the key to flourishing in the lettings market. The tenant demographic is constantly evolving, and similarly, so are tenant requirements […]
£5,000 fine for landlord found guilty of safety failings
A UK landlord has been ordered by the courts to pay more than £5,000 for admitting to failings in safety within a rental property in Letchworth, Hertfordshire. Landlord, Lawrence Connors, of Hitchin Road in Arlesey, appeared before Magistrates in Stevenage, and accepted in court that he had neglected to follow regulations in fire safety. The […]
Investment property landlords are selling up, claims Belvoir
According to letting agency Belvoir, there has been a large rise in the amount of investment property landlords selling their rental homes, as well as a significant decline in the number of people becoming investors in the PRS (Private Rented Sector). Belvoir also reports that the reasons behind landlords leaving the market is primarily down […]
Lettings sector set to recover but not for three years
A new study has revealed the forecasts for the buy-to-let market and hints at bad times ahead for investors, landlords and agents until 2021. After three years, it is predicted that the market will stabilise, and return to growth for the following two years, up to 2023. The study was commissioned by Shawbrook Bank, and […]
Generation Rent organisation blames Section 21 notices for homelessness
The organisation responsible for campaigning on behalf of renters in the UK, Generation Rent, has begun fighting to oppose the use of Section 21 notices by landlords, which it claims are the primary cause behind homelessness. A Section 21 notice allows letting agents and landlords to evict tenants without providing a reason, and it’s typically […]
Letting agents to be brought under Fifth Anti-Money Laundering Directive
It has been announced that letting agents will be brought into the scope of anti-money laundering regulations set by the EU. Letting agents which facilitate transactions for rent of at least €10,000 each month will be held accountable under the Fifth Anti-Money Laundering Directive. This means that letting agents operating in London will be most […]
Nottingham Council warns landlords against increasing rents to pay licences
The council responsible for a controversial licencing scheme in the private rented sector is attempting to defend its launch on the grounds of safety and health. On 1st August, a new licencing scheme was introduced by Nottingham Council to cover around 32,000 properties rented privately.This will account for approximately 91 per cent of the total […]
New study reveals home ownership is falling
Home ownership amongst the younger generations has fallen in all income groups, according to a new large-scale research project focusing on those aged between 25 and 34. The study, conducted by the Institute of Fiscal Studies on behalf of the BBC, has shown that amongst the top 20 per cent of the 25 – 34 […]
InventoryBase to present their market leading property inspection software at Agent Rainmaker LIVE.
InventoryBase will be at the Agent Rainmaker LIVE Exhibition at the Thistle London Heathrow Terminal 5- 28th-29th September. The Agent Rainmaker LIVE event taking place in London this week will see professionals throughout the Estate & Letting Agency industry come together. InventoryBase will be exhibiting at the event, and giving property professionals the opportunity to […]
How the referral fee ban will not make services cheaper
There are consultations currently taking place to find practical solutions to the Government’s concerns surrounding estate agent referral fees. Current proposals set by the MHCLG (Ministry of Housing, Communities and Local Government) aim to amend or possibly eliminate estate agent commissions for service referrals, such as EPCs and conveyancing. Currently, one of the most controversial […]
How to protect your home when tenants go on holiday
It is likely, at some point during a tenancy, that your tenants will go away on holiday and leave your property empty, and possibly vulnerable. Here, we guide you through the best ways to protect your home when your tenants go away on holiday. Visual deterrents for thieves. Most burglaries happen when nobody is home, […]
The most affordable London boroughs to rent
A new study has revealed which London boroughs contain the cheapest properties to rent in the city. The research has shown that South East London and Bexley are among the cheapest areas to rent in London for a household of four people. Assuming that there is one person per bedroom, the data was collected from […]
Private rented sector grows 36 per cent in 10 years
A new study has discovered that the private rented sector (PRS) has expanded by 36 per cent in the past decade – twice the growth rate of households. This progress is likely to continue due to the decline in home ownership, especially amongst the middle-aged and younger generations which are faced with a receding social […]
How long does it take to evict problem tenants?
A landlord insurance study has revealed that it takes on average almost four months before bailiffs appointed by the courts can remove bad tenants from a landlord’s private rented property. Landlords based in London are the most probable to be pushed to evict tenants, whilst those based in the South West, West Midlands and North […]
Landlord in Liverpool receives prison sentence
Violet Musoke, a landlord based in Liverpool, has been handed a three month prison sentence for failing to acknowledge improvement notices and unlawful eviction for a flat she let. Described as a selfish, heartless and cruel landlord, Musoke attempted to force Dennis Adderley, 79, her long-term tenant, from his home. The disabled tenant, who was […]
Landlords are being pushed into short-term lets due to government legislation
Landlords are increasingly seeing calls for rent control, longer-term tenancies, increased taxation and regulation of buy-to-let properties. Under these conditions, landlords will surely begin looking at alternative business models or they may even abandon the private rental sector (PRS) altogether. These scenarios are putting a large amount of strain on the private rented sector, leading […]
The Habitable Homes Bill and its potential to transform lives
The Homes (Fitness for Human Habitation) Bill has been deemed an opportunity for social and private tenants to avoid renting property from rogue landlords, and it would give them the opportunity to go to court if the home is ruled unsafe. First debated in January, the bill has the potential to transform the lives of […]
Electrical checks every five years to become compulsory for landlords
In July 2018, the government announced new measures concerning building safety, and a new consultation on fire safety and building regulations. However, the government has not yet published further details surrounding the announced requirements for landlords within the private rented sector, including conducting electrical installation safety assessments every five years. So far, the government has […]
Top tips for first time landlords
As the number of laws and regulations governing letting property in the private rented sector continues to grow, becoming a first-time landlord can be daunting. Here are some tips to help you understand the obligations and legislation to abide by. Landlord licence Firstly, you must check with your local council to see if you require […]
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