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According to data from the Office for National Statistics, the prices paid for private rental properties by tenants in Great Britain rose by 1.0% in the 12 months to June 2014. Private rental prices grew by 1.0% in England, 1.1% in Scotland and 0.2% in Wales in the 12 months to June 2014. Rental prices increased… Continue Reading
Category Archives: News
New Research Shows Damage to Property is No 1 Cause of Disputes
New research reveals that over half of landlords (58%) cite damage to property as the no 1 cause of tenant disputes, followed by redecoration (50%), cleaning and rent arrears (42% respectively). The study*, conducted by The Online Letting Agents, shows that two thirds of landlords went to court to settle disputes and for 20% of… Continue Reading
New Research Shows Majority of Landlords Say No to DSS Tenants
New research shows that eight out of ten landlords say ‘no’ to LHA tenants, with just 18% happy to let to this group. The study*, conducted by The Online Letting Agents, also reveals that 82% of landlords believe LHA tenants do not care for the property in the same way as private tenants and the… Continue Reading
Students Are The Most Reliable Tenants
According to new research, students are the most reliable tenants in the private rented sector (PRS). Statistics from Total Landlord Insurance show only 9.6 per cent of insurance claims come from student properties, which is the second lowest of any tenant group, according to Property Reporter. The average claim from a student property was £2,090.18… Continue Reading
Landlords Look to Buy Locally
The majority of landlords who are interested in expanding their property portfolio would plan to buy in their local area, according to new research by the National Landlords Association (NLA). Their survey found that three-quarters (75 per cent) of landlords said their next purchase would be close to their current home, or at least the area… Continue Reading
Tenant Demand to Grow by 1 Million
The UK Buy to Let boom looks set to continue according to top economists as they predict that tenant demand will increase by 1 Million more tenants who will be looking for homes in the UK’s private rental sector over the next 5 years. At the same time data published by the Lloyds Banking Group… Continue Reading
Annual BTL Returns Hit 10%!
Rental arrears are falling and landlords are getting an average of almost 10 per cent in annual yields, making the buy-to-let sector an attractive proposition according to The Online Letting Agents. There is little sign of the buy-to-let rush abating with 45 per cent more mortgages on offer now compared with a year ago. At… Continue Reading
Enter our Landlord Survey Now for a Chance to Win £150 Cash!
At The Online Letting Agents we’re keen to hear your thoughts about the current rental market and would like to offer you the chance to tell us what you think – it’ll only take a few minutes! As a thank you for your time, all completed surveys will be entered into a prize draw to… Continue Reading
Landlord’s Plan to Invest More in BTL
According to research from Paragon Mortgages, landlords plan to increase their investment by 5.6 per cent this year. 41 per cent of landlords have an increased level of optimism concerning their property portfolios. The figure rises to 43 per cent among large-scale landlords, but drops to 33 per cent for individuals who only own a… Continue Reading
Property Reporter Interview
Warren Lewis, from the Property Reporter, recently caught up with The Online Letting Agent’s very own Eleanor Carroll. Read the full interview here Continue Reading