Legislation capping tenants’ deposits has led to a festive bonus for some tenants in the UK. Now that deposits are capped at five weeks’ worth of rent, tenants are receiving a rebate when they come to renew their tenancy.
Legislation capping tenants’ deposits has led to a festive bonus for some tenants in the UK. Now that deposits are capped at five weeks’ worth of rent, tenants are receiving a rebate when they come to renew their tenancy.
It’s been a rollercoaster of a year! Over on Twitter we’ve been sharing our blog posts and more recently our top landlord tips and quotes. Here we’re reminding you of the ones you loved the most based on likes and re-tweets, straight from our twitter feed. Enjoy!
2019 has been a difficult year for landlords. The continued loss of mortgage interest tax relief, as well as the introduction of Making Tax Digital, have not helped instil a sense of confidence in the private rental sector. As a result, many landlords are predicting more doom and gloom ahead…
A district judge has slammed a rogue landlord for his crimes against tenants. In his ruling, the judge told the court that the landlord, George Lindsay from Birmingham, was worse than Scrooge and he wished he had the powers to send him to jail. Sadly, he didn’t, so he was fined £19,970 instead…
The next General Election is just around the corner. So, to help you out, we have looked at what each party has planned for the buy to let sector. Read on to find out what your choices are.
Property listings are an important part of a DIY landlord’s journey. Without a suitable listing, you are unlikely to find a tenant. Sadly, it’s not often that tenants come along out of the blue and offer to rent your property. In most cases, you’ll need to do a bit of legwork. This usually involves creating […]
Landlord repossessions are on the rise. Data released this week has revealed that 800k landlords had their properties repossessed in Q3 of 2019, which is a huge 40% rise on the same period of the previous year. Serious mortgage arrears have risen by 9%, although arrears overall are slightly below the figures from last year.
The Tenant Fees Act came into force in June. It is designed to prevent landlords and letting agents from overcharging tenants. Since this has come into force it’s meant that landlords must now refund any part of a tenant’s deposit that exceeds the statutory five-week cap.
On paper, being a successful landlord is easy. The right property + the right tenant, mixed with a smidgeon of luck, and voila! You have a successful buy to let business. Unfortunately, there is also a lot that can go wrong!
Heat and hot water are two things a landlord must provide. Bedrooms should be at least 18 degrees Celsius and living areas 21 degrees Celsius. Most tenants expect to have control over when the heating comes on, for how long, and also whether there is any hot water…
Illegal sub-letting affects both landlords and tenants. Desperate tenants end up paying over the odds to rent poorly managed, sub-standard accommodation whilst landlords lose out on rent and face expensive court cases to evict illegal tenants. Unfortunately, it’s more common that you might think.
A leading alternative deposit provider is calling on the government to incentivise deposit reforms by offering landlords tax breaks if they move away from traditional upfront deposits.
Depending on your point of view (and personal experiences), letting agents are either an unnecessary expense or a service you can’t live without. If you’re reading this article, we’ll assume you don’t fall into the former camp!
If you are one of the many landlords who dream about getting extra hours in their day, we’ve got a post for you here on how to save time on property maintenance. These simple tips can help save you a whole lot of time managing the maintenance for your property empire.