Voids cost landlords money. It’s less of a problem in HMOs, as you’ll still have rental income from the remaining rooms. Since the aim of buy to let investment is to maximise your rental income, it makes sense to take steps to avoid property voids where possible.
Covid-19 may have crippled the economy and sent government debt levels soaring, but the buy to let sector is enjoying a renaissance. As lockdown eases across the UK, the number of people searching for rental accommodation has increased. This has led to many landlords increasing the rent in their properties.
HMOs are one of the most profitable sectors of the buy to let market – landlords can earn three times as much from letting out rooms in a shared house compared to letting a property to a single family. Rental arrears are also less of a problem, as even if one tenant defaults, you still […]
The full implications of the COVID pandemic are still unknown, but the UK economy has already shown a significant negative impact and it’s likely to affect the property market for several months, if not years. These are a few of the reasons why landlords should be preparing now for diminishing profits:
Rents in London and the South East have fallen dramatically during the Covid-19 pandemic. Figures show that in inner London, rents fell by 7.4% while in outer London boroughs, they fell by 3.6%, compared to a fall of just 0.7% across the whole of the UK.
Landlords have a duty of care to ensure there are no vermin in a rental property before a tenant moves in. No tenant wants to be sharing their home with an army of cockroaches, rats, bedbugs or fleas.
A landmark ruling in a case backed by Shelter has ruled ads stating ‘NO DSS’ tenants are unlawful. The case was pursued through the courts by a disabled single mother who ended up homeless when a letting agent refused to accept her because she was on housing benefit.
A new university term is just around the corner. In two short months, millions of students might be leaving the bosom of their families and heading to university. If you’re a student landlord, you are probably gearing up to accept a new clutch of eager-beaver young people who are keen to get started on their […]
One of Landlord Vision’s most used features is the ability to reconcile payments by importing bank statements. This is a great way to make sure everything balances up and that you don’t miss any expenses you should have recorded.
One of the many unfortunate consequences of Lockdown has been an increase in both Anti Social Behaviour and rent arrears in private rented property. Most of us realised early on that some tenants would struggle to pay their rent and that some tenants would take the opportunity to withhold rent despite the fact that they […]
A surprise stamp duty holiday has given hope to thousands of landlords. In a bid to kick-start the housing market, chancellor Rishi Sunak has raised the threshold at which stamp duty land tax kicks in. Buyers are now exempt from stamp duty on the first £500k of a property purchase (the threshold was previously £125k). […]
Over a quarter of the UK’s workforce has been furloughed, many others have been made redundant or are self-employed and unable to work during lockdown. While some homeowners have been able to take a break from their mortgage payments, tenants facing financial struggles may have had difficult conversations with landlords about rent payments.
With over 2 million students in higher education in 2018/19, it’s safe to say the student housing market is pretty big. Students make excellent tenants but there are also things you should consider if you’re just venturing into becoming a student landlord.
Court of Appeal judges have announced their decision in Trecarrell House Ltd v Rouncefield: landlords can still serve a Section 21 notice even if they failed to issue a gas safety certificate on time, as long as the certificate is given to the tenant before the Section 21 notice.
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