There has been a rise in the number of tenants struggling to pay their rent, as the economic climate continues to squeeze household finances.
According to the Association of Residential Letting Agents (ARLA), 41 per cent of its members have seen an increase in the number of tenants finding it difficult to meet their rental payments in the six months to March 2012. Read more…
Landlords should expect to see rents rise moderately in 2012, according to predictions from Belvoir Lettings.
Managing director Dorian Gonsalves predicted that there will be large fluctuations in income across regions, with the south-east expected to benefit from high prices in London pushing people out of the capital into the home counties. Read more…
More landlords will be looking to rent out their property per room this year to take advantage of higher yields.
According to Matt Hutchinson, director at SpareRoom, said professional landlords who run their portfolio as a business will find renting per room very attractive, despite the extra work needed to determine rates. Read more…
Rental property insurance holders have been enjoying a buoyant market once again, as the last month has seen yields from lettings continue to rise.
According to the latest Buy-to-Let Index from LSL Property Services, rents hit another record high in June. Read more…
Unlicensed agents can spell trouble for landlords with insurance for rental property and their tenants.
At best unlicensed agents can be unreliable - at worst they cause huge financial problems triggering more than just a headache for those involved.
As he warned of the dangers posed by unlicensed agents, Operations Manager for The Association of Residential Lettings Agents Ian Potter said: “The threat posed by unlicensed agents grows more pressing as the market expands, placing both landlords and tenants at increased risk of financial loss. Read more…
Belvoir Lettings has formulated a “to-do” list for landlords with Rented Property Insurance before a tenant moves into their property.
1 Come clean
“If I was to let out my property I would ensure the property was immaculate throughout with gardens freshly cut,” said Luke Mason proprietor of Belvoir Hitchin. “It goes without saying that landlords should make sure the house is clean, however, some don’t and this does not get things off to a great start.” Read more…
Rented property insurance holders letting in certain areas of the country should consider putting rents down, in order to ease the level of pressure being felt by tenants.
According to landlord news and information portal LettingZone, doing so could turn out to be a wise idea. Read more…
