The rental market in the UK is set to remain buoyant for the time being as the cost of owning a home has increased dramatically, putting the aspiration out of reach for many.
According to new research from HSBC, the average cost of a new home is now 86 times higher than in 1952, which is good news for residential landlords. Read more…
Almost three-quarters of residential landlords believe there needs to be greater innovation in the buy to let market, according to new findings from the National Landlords Association (NLA).
It also found that nearly nine in ten respondents think the sector will benefit from more lenders in the market and greater competition. Read more…
Landlords have been encouraged to seek out letting agents that offer a money protection scheme when they are looking to rent a property.
A number of firms have signed up to the SAFEagent initiative and have highlighted the dangers landlords and tenants expose themselves to if they use an agent outside a protection scheme. Read more…
The complicated rules and regulations associated with putting a property on the rental market are often misunderstood by new landlords, which can lead to a range of problems.
Tessa Shepperson of landlordlaw.co.uk said that those who know the law and comply with regulations correctly will be fine in the property rental market. Read more…
A new survey has revealed that two in five landlords claim to have had a bad experience with difficult tenants.
Two-thirds also admitted that their tenants had defaulted on their rent or not paid the monthly fee on time. Read more…
With the current economic situation, many property investors and landlords are returning to markets that always remain strong, according to one industry expert.
Richard Gale, head of property multi-manager at Aberdeen Asset Management, said that London is one area landlords are focused on, within both the commercial and residential market. Read more…
Landlords should ensure that they carry out pre-tenancy checks on anyone that is moving into their property, according to an expert.
Tom Entwistle, editor of Landlordzone.co.uk, said that credit checks and referencing can help to protect landlords against late, partial or non-payment of rent. Read more…
