A report by a mortgage lenders association has predicted that nearly half of homes in the UK will be rented by 2032. This is a direct reversal of previous trends. In 2003, seven out of ten homes were owner-occupied. Eleven years later, this has fallen to 65% and the Intermediary Mortgage Lenders
The National Landlords Association has challenged homeless charities to stop simply supporting vulnerable homeless people and start thinking like landlords in an effort to make it easier for homeless people to find landlords willing to take them on. The Chief Executive of the NLA, Richard Lambert,
Buy to let moguls, Fergus and Judith Wilson, are selling their vast property empire of more than 1,000 homes to whoever is willing to pay “top dollar”. They say an intermediary is handling the sale and the portfolio could be bought by any number of investors, although not necessarily anyone from
The courts fined a landlord from Nottingham for various failings in the management of three family-owned HMOs, including allowing his tenants to live in cockroach-infested houses. The District Judge was disgusted at the conditions tenants had been forced to put up with and told the landlord:
In the wake of the fall-out from the Superstrike case, the government has finally made some amendments to the Housing Act in order to clear up landlord confusion about what happens to tenant’s deposits when a fixed term tenancy becomes a statutory periodic tenancy agreement. Since the
Rent continues to rise below the rate of inflation, according to a survey published by LSL Property Services. Their figures show that the annual rent in the UK rose by only £8 in the last twelve months and tenants now pay £745 per months to rent a home. London Still Most Expensive Place to Rent
Student landlords with properties in an upmarket area of Manchester had a bit of a shock when their student tenants went home for the summer after exams had finished.
According to a recent article on the thisismoney website, an increasing number of pensioners and older workers are being attracted to the buy to let rental sector with the promise of far better returns on their savings than is available via the usual routes.
According to leading charities Shelter and Electrical Safety First around one third of rental properties in England don’t meet basic electrical safety standards. The charities are warning that more than one million potentially dangerous issues were reported last year and some tenants were being
According to figures from National Debtline, which is one of the UK’s leading finance charities, the number of people calling their helpline about rent arrears has increased by more than 150% in the last seven years. In 2007, the charity received around 8,000 telephone calls from concerned tenants. This
Available accommodation is in such short supply in London that some tenants are paying several hundred pounds per month for ‘studio’ flats so small that the bed is within reach of the kitchen sink.
A landlord in Gateshead had a shock when he turned up at his property unannounced to inform the tenant he was putting the house on the market. To his great surprise, the landlord discovered the house had been turned into a sophisticated cannabis farm. Two bedrooms contained around 40
‘Beds in sheds’ is a relatively recent phenomenon in areas where there are more tenants than available rental properties. The phenomenon means that some landlords rent out hastily converted garden sheds and outbuildings in order to make a profit, uncaring of the fact that many of these homes are not fit for human
The Chancellor, George Osbourne, has changed the rules on pension drawdowns to make it easier for pensioners to have access to their money at retirement. The government believes that
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