According to research carried out by the National Landlords Association, 28 per cent of landlords have experienced property damage in the last twelve months. This serves as a sharp reminder to UK landlords that letting property is not always a hassle-free endeavour.
Britain’s largest buy to let landlords are close to signing a deal for the sale of their huge property portfolio. Fergus and Judith Wilson own around 1,000 properties in Kent and if they achieve close to their asking price of £250 million, they could soon be enjoying a comfortable retirement.
A recent survey of landlords undertaken by the National Landlords Association (NLA) has revealed that 27 per cent of landlords who own and let a single property are barely covering their running expenses. In fact many are operating at a loss. It doesn’t get much better for landlords who have between two and
According to the Telegraph, yes, they are. One of the UK’s leading broadsheet newspapers has published an article on government policies that make it tough for landlords to run a business.
Accidental landlords could soon find it impossible to switch their mortgages to buy to let agreements under a new EU directive. EU Mortgage Legislation
According to the Association of Independent Inventory Clerks (AIIC) a large number of landlords and letting agents don’t have a clear understanding of what defines ‘fair’ wear and tear. As a result of a general lack of clarity many have unrealistic expectations at the end of a tenancy, which can lead to
According to major insurance companies, far too many landlords don’t have the correct insurance policies on their properties. Many buy the cheapest buildings and contents insurance policies in the mistaken belief that they are then covered, only to discover when they have to make a claim that they are
Research carried out by accommodation website SpareRoom.co.uk has revealed than an increasing number of tenants are under financial pressure, despite the fact that unemployment levels are falling and the economy is beginning to recover.
Undoubtedly there are plenty of letting agents who are fair,
The government’s Business Minister, Matthew Hancock, is aiming to introduce a new law that prevents landlords from banning a tenant from starting a home-based business. The way things currently stand a tenant has to ask his landlord for permission before he can start trading from a rented
Brent Council in London is considering whether to introduce a selective licensing scheme for private landlords. The cabinet is meeting next week to discuss proposals for the new licensing scheme and if the scheme is approved, it will be introduced into three wards initially (Willesden Green,
There has been a lot of mention in the popular press about so-called ‘retaliatory evictions’ whereby private landlords evict tenants when they complain or ask for repairs to be carried out. The Residential Landlords Association (RLA) wants to put these claims to rest and
Insurance firm Axa is warning landlords that they need to do more to protect themselves. According to research carried out by Axa, approximately 66% tenants freely admit to breaking their tenancy agreement. A further breakdown of the survey results revealed some
The National Landlords Association (NLA) has issued a press release reminding landlords of the importance of understanding and meeting their obligations to tenants. They are concerned that an increasing number of inexperienced landlords are entering the buy to let market, many of which
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