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Despite efforts by the government to cut payments, the housing benefit bill is set to soar, according to the Office for Budget Responsibility. The independent body, which monitors the UK’s finances, has radically altered its modelling for changes in housing benefit demands. In March it predicted costs would fall by £300 million in 2012/13 and… Continue Reading
Category Archives: News
Lenders Refuse Landlords with Benefit Tenants
The YBS mortgage service, Accord, has revealed that it did not lend to landlords with tenants in receipt of benefits after questioning by the landlord and buy-to-let consultant David Lawrenson. The terms and conditions of the BM Solutions mortgage policy similarly did not enable borrowers to let their property to tenants claiming housing benefit, although it is… Continue Reading
LandlordZONE win award at Landlord & Buy to Let Awards
Against stiff competition from some of the leading UK rental property industry providers on the Internet, LandlordZONE once again walked away with the prestigious “Website and Information” category award at the Landlord and Buy to Let Show, held last week in Coventry. Awards were presented to a host of leading industry suppliers at the award… Continue Reading
Landlord’s Could be Responsible for Tenant’s Unpaid Water Charges
As a result of recent changes to the law, landlords could find themselves with the bill for any unpaid water charges if they fail to inform the utility company of a tenant’s details. Up until recently, a tenant’s arrears with any of the utilities (water, electricity, gas or telephone) had not been a concern of… Continue Reading
ARLA Reports Demand for Rentals Outstripping Supply
The Association of Residential Letting Agents, ARLA, has reported that demand for quality properties to rent is still firmly outstripping supply. According to a survey of ARLA members, more than 58% are still reporting a significant gap between supply and demand; 3% more that their December 2011 survey. Compared to three months ago, the national… Continue Reading
Which? Guide to Buy to Let for Retirement
Increasing numbers of retirees are becoming landlords and relying on income from letting out property to boost their retirement finances. According to BM Solutions, a specialist buy to let mortgage provider, 80% of landlords view letting out property as a supplementary source of income to their pension and around 60% are actively planning to live… Continue Reading
Repairs Charter
Nottingham City Homes, who run the city’s council houses, has recently signed up to a new national repairs charter. City Homes director of property services Mark Johnson said: “By signing up to this charter we are showing our customers that we want to aim for the best possible repairs service.” The charter, developed by the… Continue Reading
Online Letting Agents vs High Street Agents
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LandlordZONE – A Great Resource for all Landlords
LandlordZONE is a comprehensive online resource for landlords, tenants and property professionals. The website gives access to an on-line community with a Forum, News, Blogs and RSS feeds. It also provides free access to information, resources and suppliers of value to residential and commercial landlords, tenants, letting agents, property managers and other property professionals. Access… Continue Reading
Number of BTL Mortgages Hits All Time High!
Official figures have revealed that Britain is currently issuing the largest number of buy to let mortgages since records began, with one in eight mortgages now being a buy-to-let loan. There are 11.3 million mortgages in this country, of which 1.44 million are buy-to-let loans. Ten years ago, there were only 275,500 buy-to-let loans, equal to… Continue Reading