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The case of Johnson v Old is one that could have had a huge impact on landlords who take payment of a number of months rent in advance. On serving their tenant with a section 21 notice, the tenant, Ms Old, argued that their 6 months lump-sum rent payments were, in fact, deposits, and should… Continue Reading
Category Archives: News
RLA Hits Back at Shelter
Homelessness charity, Shelter, have released research which says that children’s lives are harmed by growing up in rented homes. Richard Jones, policy director at the Residential Landlords Association, has accused Shelter of ‘scaremongering’. He said the charity was playing a ‘dangerous game by frightening off investors from increasing the supply of much-needed private rented housing’.… Continue Reading
Landlord Ordered to Pay £24K for Empty Home
Barnet Council have won their case against a landlord who failed to use his empty property grant to make improvements to his property and raise it to a habitable standard. In February 2009 the council offered Peter Savva an empty property grant to help with improvement to his empty property in Mill Hill. The £18,285 grant… Continue Reading
How to Rent Your Property Quickly this Spring!
We were recently asked by LandlordZONE to write an article which could be published on their website, and sent out in their monthly newsletter, and here it is! Now that the sun is out, tenants are starting to think about moving. If you are looking for new tenants, it’s important that your property stands out… Continue Reading
Universal Credit Causes Rent Arrears to Soar
Eleanor White from The Online Letting Agents was recently asked to comment on the situation of housing benefit being paid directly to landlords. Universal Credit trials have been taking place across the UK, and the results have shown a rise in rent arrears. There is a growing concern in the industry that the introduction of… Continue Reading
Great Resource for Landlords!
We have found a great new resource for landlords, that we though we’d share with you; BuyToLet.com. The website features a wealth of information for landlords, including various documents and guides and the latest buy to let news. It is particularly useful for the novice landlords looking at making their first property investment purchase, and nervous… Continue Reading
Property on the Rich List!
The Sunday Times Rich List has been released, and shows that, of the top 20 wealthiest people in Britain and Ireland, 4 have got property as major part of their wealth: 2013 rank (2012 rank), name, source of wealth, 2013 wealth (2012 wealth) 1. (2) Alisher Usmanov, mining and investment, £13,300m (£12,315m) 2. (5) Len… Continue Reading
Private Rents Increase in England and Wales
Private rents have increased at an above- inflation rate of 4.2% over the past year across England and Wales, according to research from LSL Property Services. They have released figures which show the average rent was £735 a month in March 2013, 4.2% higher than in March 2012. Inflation according to the consumer price index… Continue Reading
Smaller Properties Provide the Greatest Rental Yields
According to figures from Countrywide, smaller properties provide a better return than larger ones, with 1 and 2 bedrooms providing average yields of 6.8% and 6.4% respectively. The Countrywide research has shown that 3 and 4+ bedroom properties are currently achieving an average yield of 6.2% and 5.6% respectively. The average rent for 4 bed… Continue Reading
Buy To Let Market Continues to Grow
Landlords increased the size of their portfolio to an average of 13.2 properties in the first quarter of this year, says specialist lender Paragon Mortgages. This was up from 12.7 properties in the last quarter of last year. Landlords expect to carry on growing their portfolios, to reach 13.7 properties over the next 12 months.… Continue Reading