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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
Category Archives: News
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
BTL Investments Up in Q3
The number of buy-to-let loans rose in the third quarter (Q3) of 2012. Research from the Council of Mortgage Lenders (CML) revealed that in the three months to September there was a 2% rise in the number of loans that were advanced, a total of 34,400 mortgages were approved. Accordingly, letting agencies may have noted a rise… Continue Reading
Rising Number of Landlords using the Internet to Find Tenants
The habits of house-hunters have changed with the advent of the internet, and websites such as rightmove and Zoopla. Indeed, around 90% of people begin their search for a new home online! It is no surprise, therefore, that landlords advertising on these sites secure tenants quickly and minimise any void period. Online letting agents are… Continue Reading
Letting Agents in London Suffer after Summer of Sport
According to the Association of Residential Letting Agents (ARLA), the end of the summer is traditionally a busy time for new tenancies as prospective tenants take advantage of warmer weather and longer evenings to search for properties. The number of new rental agreements is also usually boosted by the start of graduate job programmes in… Continue Reading
Lambeth Council Pleads Guilty to Criminal Charges
Lambeth Council has pleaded guilty to criminal charges at Camberwell Green Magistrates Court after a mother of three was forced to leave her bedroom due to the mould in her flat. The tenant, who has been named as Ms Murphy, brought the case when her complaints about her flat were not resolved. Ms Murphy’s flat… Continue Reading