The cost of bad eviction advice by councils
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The average cost to a landlord of their tenant being advised to ignore an eviction notice stands at nearly £7,000, according to a recent survey of landlords. Private tenants are often advised by local councils and agencies to ignore eviction notices served by their landlords – and to wait until evicted by bailiffs – in… Read more
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Lease extension clauses?
I am about to sign a new lease extension that has been agreed by my solicitor. However there is a final clause that I am worried about, and which my solicitor has stated in his report that I should not be concerned about as it is so far off and will not affect a lender… Read more
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Croydon in Top 10 for BTL Yields
Croydon is ranked in the top 10 for best BTL yields in London. New research shows that Croydon is ranked in the top 10 places for buy-to-let in London, where landlords are enjoying average yields of 5% per annum. London-based estate agents Portico compiled a list of places that it believes are emerging buy-to-let hot spots […]
… LandlordZONE.
View Full Article: Croydon in Top 10 for BTL Yields
An increasing number of landlords independently managing their properties
An increasing number of buy-to-let landlords are becoming ‘self-sufficient’ by letting and managing their own rental properties, according to a new report. Two thirds (65%) of landlords have an active role in the maintenance of their property and deal with any tenant issues independently without the assistance of a letting or managing agent. 41% of… Read more
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Tenants still prefer short leases…
BREAKING – AXA tenant Survey – According to new research by AXA*, British tenants are experiencing a surge of financial optimism, as more see buying as a realistic prospect and more are able to save. Despite the average tenant expecting to rent for a further decade, rental culture remains short-term and highly insecure. AXA calls for […]
… LandlordZONE.
View Full Article: Tenants still prefer short leases…
RLA wants cap on energy efficiency spend slashed
The RLA has called for landlords’ spend on mandatory energy improvements to be capped at £2,500 – half the figure proposed by the Government. Under plans from the new Department for Business, Energy and Industrial Strategy landlords would have to fork out up to £5,000 to bring homes up to a minimum Band E energy […]
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Tenant never occupied the property?
I signed up a tenant in January for six months so now periodic ‘but’ he’s never lived there and uses it for storage only! Problem, he stopped paying rent 3 months ago and I want him gone, but as he doesn’t occupy the flat are the legals just the same eg s21 or s8 notices?… Read more
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RLA says how the PRS can solve the Housing Crisis
Our previous Chancellor – George Osborne – put the blame for the falls in home ownership, and the rise of “Generation Rent”, firmly in the lap of private landlords. His argument, according to the Residential Landlords Association (RLA), was that landlords are buying properties that would otherwise be available for aspiring home owners. Research put […]
… LandlordZONE.
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No laughing matter
Part I of the Landlord and Tenant Act 1987 gives residential tenant leaseholders in a mixed-user building (subject to qualifying criteria) the right of first refusal should the landlord want to sell. Normally, the required notice is served on the lessee(s) at the onset and if the tenants want to buy then there is a […]
… LandlordZONE.
View Full Article: No laughing matter
Derbyshire Landlord & Letting Agent Expo
The 2016 Expo will be on Thursday 20th October at the Toyota Suite, iPro, Pride Park, Derby DE24 8XL. Visitors to the free Derbyshire Landlord & Letting Agent Expo, will be able to benefit from the very latest rental advice and support from the region’s property professionals. There will be plenty of advice and guidance… Read more
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