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The private rental sector is thriving, with increasing numbers choosing to live in rental accommodation, and increasing number of individuals being attracted by the prospect of becoming a landlord. The expansion of the market appears to be having an effect on the type of landlord that are investing in buy to let. An increase in… Continue Reading
Category Archives: News
Scottish Landlord Prosecuted for Failing to Protect a Deposit
In a landmark hearing, a Scottish landlord has been ordered to pay his tenants three times the value of their deposit for failing to protect it in under regulations which were introduced last year. Landlord Andrew Meehan was ordered to pay his tenants Ross Fraser and Alison Pease £3,450 for failing to secure their £1,150… Continue Reading
Landlord to repay £20,000 Housing Benefit
Landlord Dein Weinberg has been ordered to repay nearly £20,000 in housing benefit for five houses he rented out in Salford without a license. Weinberg, who lives in London, was fined £19,958.84 by the residential property tribunal which granted the rent repayment order at a hearing which he did not attend. Salford Council implemented the Charlestown… Continue Reading
PRS to Provide More Housing Stock
The private rented sector (PRS) is central to providing more housing stock for people in the UK, according to Housing minister, Mark Prisk. Prisk said that successive governments have shifted between affordable housing and private ownership in trying to resolve the issue of a lack of available properties, meaning the PRS has been overlooked on… Continue Reading
Great News for Landlords
An increasing number of people are moving into the private rental sector rather than buying their home according to the latest figures released in the government’s English Housing Survey bulletin. It confirmed the findings of an earlier report in February, which revealed the number of people in private rental accommodation is now at its highest level… Continue Reading
Landlord Insurance
Tenants are typically viewed to be of higher risk than owner-occupiers, and for this reason regular homeowner insurance policies are often invalid for tenanted homes. Most mortgage lenders will require that you have buildings insurance in place. Landlords building insurance will cover you against a number of eventualities, and is specifically tailored to offer a… Continue Reading
Tenancy Agreements – Hints and Tips
A tenancy agreement is, or should be, an important document. It sets out the terms under which you agree to let your property to your tenant and, ideally, it should also set out all the legal rules that apply. The document can then stand as a reference manual – something to consult when problems arise… Continue Reading
Best Places to Invest in Buy to Let Properties
If you are looking for a buy to let investment, we have the lowdown on the latest property hotspots! Location Property Price Average Monthly Rent Average Rental Gross Yield 1. Southampton £138,311 £901 7.82% 2. Blackpool £75,943 £494 7.81% 3. Kingston upon Hull £69,519 £450 7.7% 4. Manchester £102,631 £650 7.60% 5. Nottingham £83,313 £524… Continue Reading
Agents ask for Shelter to be Investigated by the Charity Commission
Letting agents are calling for Shelter’s charitable status to be withdrawn, and for the organisation to be reported to the Charity Commission. The call, supported by Martin & Co’s Ian Wilson, was sounded loudly and clearly in a number of comments made on LAT to our report of Shelter’s bid to get letting agent fees… Continue Reading
Leeds Council Uses Legal Loophole to Avoid Bedroom Tax
Leeds council has been using a loophole to avoid some of it’s tenants falling victim to the bedroom tax. They have reclassified more than 800 “spare” rooms in its social homes as “non-specific rooms” in order to sidestep the controversial bedroom tax. This means that tenants in affected properties are no longer classified as underoccupying their homes, and… Continue Reading