Landlords thinking about insuring their property portfolio have been encouraged to look around for the deal that best suits them.
David Lawrenson, private rented sector expert at LettingFocus.com, said landlords should not take out the cover provided by buy to let mortgage lenders as they typically have their own insurance set up, limiting the options. Read more…
The yields that can be expected by landlords increased during the second quarter of the year, according to the latest figures for the market.
Paragon’s Private Rented Sector Trends Survey revealed that landlords achieved an average yield of 6.5 per cent, an increase from 6.2 per cent in the first three months of the year. Read more…
Landlords in the city of Derby are facing fines of up to £20,000 if they allow their tenants run riot as part of a crackdown to tackle “broken down” communities.
According to the Derby Telegraph, local officials are planning to impose the fines in a bid to put an end to antisocial behaviour that is occurring in some areas of the city. Read more…
Longer-term tenancies in the UK are increasing as the rental market continues to become more competitive.
The pressure on people trying to buy a property at the moment is leading first-time buyers to continue renting for longer than they would like, so much so that PriceOut is continuing to lobby the government to help young people get onto the property ladder. Read more…
The recession is set to impact on the fortunes of the high street and commercial landlords for a “number of years”, according to a new report.
Tom Johnston, head of retail in Scotland for property agency Colliers International, told the Scotsman that cash-strapped retailers and landlords worried about the cost of empty shops are all suffering in the same way. Read more…
Landlords should think very carefully before increasing the rent on the homes in their property portfolio.
That is the opinion of James Davis, chief executive officer at Upad, who claimed that the pitfalls should be considered ahead of the extra £100 a month that could be earned. Read more…
Housing charity Shelter has revealed that complaints about landlords from tenants have risen 86 per cent in the last two years.
The organisation puts the increase down to a number of landlords ignoring the tenant protection scheme that was introduced in 2007. Read more…
