The ‘them’ and ‘us’ antagonism between landlords and tenants is disappearing, thanks to the introduction of mandatory tenancy deposit protection five years ago. The claim is due to be made today by TDS boss Steve Harriott, speaking at the Property Business Show. He is also due to forecast an increase in the number of authorised […]
Read MoreHeavy fines or a long jail term for the boss of fraudulent Oxford letting agent Charles Lawson have been welcomed by the head of the Tenancy Deposit Scheme as sending the right message to rogue agents. “At last the courts are taking letting agent fraud seriously and handing down deterrent sentences,” said Steve Harriott, chief […]
Read MoreWe’re all familiar with landlord and letting agent accreditation schemes, but now there is to be a nationwide tenant accreditation scheme – backed by the UK Landlord Accreditation Scheme. The aim is to help landlords and agents identify ‘good’ tenants beyond the usual tenancy referencing checks. The official launch on March 1 of the UK Tenants […]
Read MoreAlmost one million people have had to take out a payday loan at 4,000% within the last year to pay their rent or mortgage. In total, seven million borrowers and tenants are relying on some form of credit to pay their housing costs. As well as payday loans, struggling borrowers and tenants are taking out […]
Read MoreCaps to welfare payments that come into force this week will make 810,000 private rented homes unaffordable for tenants on housing benefit, it has been claimed. Already, one local council in London has announced that it is planning how to help residents move out, if they can no longer afford to live there. Research by […]
Read MoreThe latest RICS residential lettings survey reports rising yields on rental properties as a result of increased tenant demand and rising rents. Surveyors whose offices handle lettings reported the now familiar picture of rising rents, improved yields and greater tenancy demand in the three months to October. Tenants are turning to the rental sector not […]
Read MoreCleaning is leading cause of deposit deductions Cleaning costs and unpaid rent are the top reasons why deposit money is withheld when a tenant moves out of a rented property, mydeposits has found. The tenancy deposit protection scheme surveyed landlords and agents, asking them the main reasons why they withhold deposit money at the end […]
Read MoreRental demand across the UK continues to soar, with properties snapped up within a record low of 12.7 days and five tenants competing for each property. Countrywide reported this morning that tenant demand shot up by 10.8% in the third quarter of this year, compared with the same period last year, and by 11.9% from […]
Read MoreOne of the most serious potential problems facing landlords when letting property in Newport is the prospect of periods of vacancy. Having a vacant property can be just as financially devastating as having a tenant who stops paying rent. Without an income, your financial investment can become a large financial burden. In many cases only […]
Read MoreHaving a well-managed rental property is something that can make a big difference to whether your rental investment will be a profitable one in the long term. Self-management is always an option, but having a professional property management company is recommended for landlords without great experience in running profitable investment properties, or without enough time […]
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