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According to the Your Move Buy to Let Index, the East of England saw the highest rent rises in 2016. Rents rose in the East of England by 6.1%, to an average of £864 per calendar months. The South East say rents increase by 4.6%, to an average of £877 per calendar month. London saw… Continue Reading
Category Archives: News
Section 21 – Required Information for Tenants
All tenancies (including renewals but not tenancies that continue on a statutory periodic basis) that started after the 1st October 2015 are now subject to new regulations associated with the service of Section 21 notices. You must provide your tenants with the following documents at the commencement of the tenancy: A copy of the AST… Continue Reading
Blacklist of Bad Landlords to be Published
An official blacklist of bad landlords and letting agents will be introduced by the government from October 1. The database will cover property people who are convicted of housing offences in England. These are mainly aimed at landlords with houses in multiple occupation (HMOs) who are found guilty of running a home without a licence… Continue Reading
Buy to let tax changes will affect just 20% of Landlords, according to Housing Minister
Housing minister Gavin Barwell says recent changes to buy to let mortgage interest relief and stamp duty will only affect a small proportion of landlords. According to an ARLA report from a meeting of the All Party Parliamentary Group for the Private Rented Sector earlier this month – attended by Barwell – the minister quoted… Continue Reading
Buy-to-let lending hits highest level since stamp duty surge
There was a significant rise in the amount buy-to-let landlords borrowed to invest in property before the introduction of new affordability tests brought in at the start of this month ahead of changes to tax relief from April this year, new figures show. Landlords borrowed £3.2bn in November 2016, up 10% month-on-month, but down 9%… Continue Reading
Rents Forecast to Rise by 4% Outside of London in 2017
According to Rightmove’s latest rental price tracker, asking rents rose in 2016 by 3% in 2016 in all regions except London. The rise was just slightly lower than 2015’s rise of 3.7%. The highest growth recorded in the northern regions of Yorkshire and the Humber and the North West. In London, more available rental stock… Continue Reading
Why are The Online Letting Agents Different?
If you have a property to let, then the quickest and easiest way to find new tenants is through a letting agent who advertises on the major property websites. With the advent of online letting agents, such as The Online Letting Agents, landlords now have more choice than ever. In a previous post, we discussed high… Continue Reading
Online Letting Agents vs High Street Agents
With around 90% of home hunters beginning their search online, advertising your property to let on the internet is crucial to secure quality tenants quickly, and with minimal voids. Traditionally, the only way to access sites such as Rightmove and zoopla has been to place your property with a high street letting agent. Now there… Continue Reading
Landlords not responsible for paying council tax!
Landlords are not responsible for paying council tax on a property when a tenant moves out before the end of a tenancy agreement, according to an Appeal Court ruling passed earlier this year. However, landlords all over the UK could still be paying for council tax on their properties that have been vacated by tenants… Continue Reading
Beat the December Slowdown!
Even though it’s the time of year where the market slows down for Christmas, there’s still time to find tenants! At this time of year, it’s key that your pricing and advert are spot on. If you’re already advertising, check that you’re competitively priced. At this time of year, tenants need a reason to move pre-Christmas,… Continue Reading