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UK’s private rental sector set to expand

The UK’s private rental sector will continue to grow because there is a shortage of affordable property leaving many people with little option but to live in rental accommodation, according to a report. The findings come from research carried out by insurance specialists Cover4LetProperty which found that 28% of adults […]

A tenancy will last an average of 18 months

The average tenancy will, according to a new survey, last for an average of 18 months. Direct Line for Business says that tenants today are increasingly taking a short-term view when it comes to renting property. Their findings appear to contradict previous research which pointed to tenancies becoming longer. However, […]

Landlords face buy to let mortgage restrictions

Landlords are expected to face buy to let mortgage restrictions after one lender changed its criteria to demand that rental income was increased before a loan is agreed. The Mortgage Works said it is increasing the amount of rental cover required – which is how much a landlord needs to […]

Call to address ‘ problem of rogue tenants ’

The growing problem of rogue tenants needs addressing and the Housing and Planning Bill should be amended to address them, according to one organisation. The Association of Independent Inventory Clerks (AIIC) says the legislation is aimed at tackling rogue letting agents and landlords but there should be measures aimed at […]

Pensioner buy to let landlords ponder selling-up

Despite offering a valuable retirement income, more than 40% of retiree landlords are considering off-loading their buy to let property, according to a survey. Responsible Equity Release also found that seven in 10 pensioner landlords said that without their rental income they would struggle to get by. More than 1,000 […]

Landlords urged to be wary of creating a limited company

With the various changes to the tax regime for UK residential landlords, one lettings agency is urging landlords to be wary and calculate carefully before opting for incorporation. The appeal for creating a limited company to hold a landlord’s property portfolio has been growing in recent months as a means […]

More landlords are winning deposit disputes

Landlords and letting agents are increasingly winning deposit disputes for the first time since their introduction in 2007, according to research. The Tenant Deposit Scheme (TDS) says that last year nearly 20% of deposit disputes raised by landlords saw a 100% pay-out to them whereas 20% of deposit disputes raised […]

Rents Will Be Pushed Up By Stamp Duty Charge

Tenants face paying more in rent because of stamp duty reforms on buy to let properties, says the Association of Residential Letting Agents (ARLA). In their latest report, the Association says that 57% of its members say rents for tenants will rise after the stamp duty hike comes into effect […]

Serious rent arrears in decline

Landlords around the UK are seeing the number of tenants who are in serious rent arrears beginning to fall, according to a tenant arrears tracker. The data from estate agents Your Move and Reeds Rains reveals that in the fourth quarter of last year, around 1,500 tenants moved out of […]

Extent of Subletting Without Permission Revealed

The level of subletting by tenants in private rented property without the landlord’s permission has been revealed and it will come as a surprise for many. Research has revealed that one in six tenants have rented out all, or part, of their rented property to someone who was not named […]