Posts Tagged ‘rents’
Letting agents may notice a slow down in the market in the forthcoming weeks
Posted on 18/05/2012
Letting agents may notice a slow down in the market in the forthcoming weeks, as it has been suggested the double-dip recession could make landlords cautious. Tenant eviction and rent collection firm Landlord Assist explained that buy-to-let investors may push back plans to expand their portfolios until the economy shows signs of recovery. While conditions …
Benefit Cuts Making Letting Unaffordable for Landlords
Posted on 24/04/2012
A survey* by the National Landlords Association (NLA) has found more than half of landlords can no longer afford to rent to housing benefit tenants because of cuts to the allowance. The survey showed 53% of landlords believe the local housing allowance (LHA) cuts have made it unaffordable to rent to those on benefits. Nearly …
Tax system stifling investment in Private Rented housing
Posted on 02/03/2012
The current tax treatment of private landlords is stifling investment in the sector and major changes are required if the supply of rented accommodation is to be boosted to overcome the current shortage, according to one of the leading landlords organisations. In a report produced for the Residential Landlords Association (RLA) at the end of …
Tenant Checks are not an optional extra
Posted on 21/11/2011
The National Landlords Association (NLA) is reminding landlords to carry out background checks on potential tenants before letting their properties. The NLA advises all landlords to carry out checks to confirm a tenant’s identity, and ensure that there is no apparent reason why they could not keep up with the rent. A recent survey by …
Former agency boss given suspended sentence after fraud offences
Posted on 28/09/2011
The former boss of a Redditch and Worcester-based lettings agency has been given a suspended jail sentence for fraud offences which led to hundreds of clients losing money they had paid as deposits. Brandon Weston, 42, of White Ladies Aston, near Worcester, was given a 12-month term suspended for two years and told to carry …
Landlords don’t realise how difficult managing property is
Posted on 26/09/2011
Landlords shy away from using property management companies because they believe they can do the job themselves, an expert has claimed. Kevin Cox, of IglooLets.com, argued that managing a property for rent is more than simply re-painting once a tenant has left or taking out an insurance policy for landlords in case things go wrong. …
Landlords call for tenant choice on rental payments
Posted on 16/09/2011
The National Landlords Association (NLA) has called for the Government to give tenants choice in how housing benefits are paid to private landlords. Yesterday, Lord Freud confirmed that the new Universal Credit system would allow housing benefit to be paid direct to the tenant, but would revert to the housing provider should a tenant begin …
Landlords – Do you know who you’re dealing with?
Posted on 25/08/2011
Most sensible people would think long and hard about whom they trust to look after their savings or investments. They’d want to know that their savings are safe and that any income would be delivered safely. So why do so many Property Investors and Landlords so willingly trust any Joe Bloggs to look after their …
Optimism soars among landlords for buy-to-let prospects
Posted on 23/08/2011
Almost a quarter of landlords are feeling more optimistic about the prospects for their property portfolios, rental income and yields. They are helped by a perception of availability of buy-to-let finance: 22% in the second quarter of this year said that it was reasonably available, compared with 17% in the first quarter. According to Paragon …
HOUSING BENEFIT CUTS COULD ADD TO RENT ARREARS
Posted on 03/06/2011
More than half of landlords have experienced late rent payments in the past year, with housing benefit cuts expected to put further pressure on tenants. Research by the National Landlords Association has found 52 per cent of landlords have reported rent arrears in the past 12 months. The survey of nearly 600 landlords found the …
Letting agents see record rents in April
Posted on 25/05/2011
The record monthly high of £692 per month charged by landlords on average has been matched in April, a study from LSL Property Services has demonstrated. It revealed that such bills climbed 0.8 per cent compared to the previous month, with London and the south-east of England experiencing the biggest jump. Estate agency managing director …
