Landlord News Category

Should pet owners be discriminated against in the private rental sector? Not according to The Deposit Protection Service. It says landlords should embrace pet owning tenants. They have issued new guidelines to make it easier for landlords to get their heads around tenants with pets. This advice is rather timely given the nation’s current love affair with pets.

Responsible landlords like to make sure their rental properties are spotlessly clean before the next tenant moves in. It isn’t enough to expect a tenant to run over it with a vacuum cleaner and damp cloth. Unless you check the property has been cleaned to a professional standard, chances are, your tenant will do the bare minimum. By the time the next tenant complains, it’s too late to dock some money from their deposit.

The number of seniors hitting the private rental sector in the last 10 years has risen substantially. Research carried out by Paragon Bank shows renters in the 55-64 bracket have surged by 118% and those in the 65+ bracket have jumped by 93%. This is far higher than the 35-44 age group. What’s causing this huge increase? Let’s find out.

The government’s stamp duty holiday hasn’t just pumped adrenaline into the residential holiday market – it’s also provided a shot in the arm for buy to let investors too. Research carried out by a leading business insurance company has found that 10% of landlords plan to add further properties to their portfolio, which is a big increase on the mere 3% of landlords planning to do the same last December.

A report published by The Lettings Industry Council claims abolishing Section 21 evictions will irrevocably change the private rental sector – and not in a good way.