Archive for the ‘Landlord Insurance’ Category
July 3rd, 2014
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The illegal subletting of rental properties is on the increase, according to a firm of high court enforcement officers.

The Sherriffs Office warns that an increasing number of tenants are finding their rental agreement is null and void while genuine landlords are completely unaware that their property is being sublet room by room.

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June 26th, 2014
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Almost two-thirds of section 8 and 21 notices issued to tenants by landlords and letting agents are incorrect, according to a tenant eviction firm.

62% of the 200 notices studied by Landlord Action contained mistakes, with the eviction procedure already in progress, but unlikely to succeed.

Mistakes and inaccuracies in eviction notices are among the most common reasons for delays and increased costs when a landlord tries to recover possessions from a tenant.

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June 24th, 2014
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According to a survey across Great Britain, 39% of those living in the private rented sector fear they may have to leave their local area because the cost of housing is too high.

The survey of 16-76 year olds carried out by Ipos MORI for the Chartered Institute of Housing (CIH) also found 40% were worried they could not pay their rent.

The results also showed that people living in the private rented sector are more dissatisfied with their homes than the average person in Great Britain.

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June 17th, 2014
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A rising number of landlords in the UK are ignoring their tenants’ request for repairs and routine maintenance, it is claimed.

According to recent research for the Association of Independent Inventory Clerks (AIIC), many are also holding back from putting in requests for fear of eviction.

Despite the urgent nature of many repairs, only 31% of tenants’ requests were dealt with even in the same day while 23% took more than a week, say the AIIC.

Some 34% have had to contend with a home emergency in the past 12 months, with boiler faults and central heating problems the most common.

An estimated quarter of million tenants a year are taking matters into their own hands and withholding rent from their landlords because of delays around emergency repairs.

Housing charity Shelter earlier this year said that more than 200,000 private tenants across England are believed to have faced ‘revenge eviction’ in the last year after asking for problems in the property to be resolved.

Some 2% of private sector tenants said they had been evicted or served an eviction notice because they had complained to their landlord, letting agent or council over something that was the landlord’s responsibility, such as a repair that needed fixing.

“Landlords have a duty of care with their tenants and should be responding to emergencies in hours, not days,” says Pat Barber, chair of the Association of Independent Inventory Clerks.

In one case a tenant was so afraid of his landlord that he lived in a freezing property for three months without reporting there was a problem. When asked why he didn’t report it, he said that the landlord was aggressive and had refused to take his phone call or respond to emails.

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June 12th, 2014
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Communities secretary Eric Pickles has announced the end of rules that prevent people renting out private homes on a short-term basis.

The removal of the outdated laws would mean Londoners can use short-term home and room rental sites without fear of penalty.

Currently those wishing to rent out their homes for less than three months need to apply for planning permission or risk being fined up to £20,000. Many homeowners do flout the rules, fine are rare however.

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June 10th, 2014
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A new report from leading estate and letting agent Savills suggests that purpose-built student accommodation in 14 UK cities and towns may have “first class” potential for investors.

The last two years have witnessed a significant surge in student housing investment activity.  Investment levels over the last two years reached £5 billion and the early signs for 2014 suggest there will be a continued high level of activity.

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June 5th, 2014
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London Mayor Boris Johnson announced a 12-step London Rental Standard to protect tenants against exploitation by greedy or poor landlord and letting agents earlier this week.

With the number rented households in the capital approaching a million, the measures have been introduced as an attempt to ‘stand up’ for Generation Rent.

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