The Importance of Regular Mid-term Inspections
Ensuring minor issues don’t escalate into major problems is an exercise that never fails to save landlords time and money. It’s precisely why the mid-term inspection is such a vital tool. Here’s the lowdown on mid-term inspections, why as a landlord you should be investing in them, how often you should be doing them, and what’s involved.Read More
Buy to Let Landlords: How to Deal With a Short Lease Property
Are you looking for a leasehold property to buy to let? If so, you may have considered buying a property with a short lease. But is short lease property for sale actually worth the risk? What are the main considerations? Is it possible to obtain finance, and what exactly is a short lease anyway? Join us as we explore the pros and cons of buying a short lease property.
How to Make a Successful Tenancy Deposit Scheme Claim
Of the 29,697 tenancy deposit scheme cases that came to dispute in 2020/21, 75 per cent were initiated by the tenant. Comparing this to just 17 per cent having been initiated by a letting agent, and 8 per cent by a landlord, it’s clear to see that it’s important for landlords to be prepared and aware of best practices should they find themselves in a deposit protection scheme dispute.
Navigating Tenant Rights in the Face of Rent Increases
In the current rental market, tenants face rising costs due to inflation (higher landlords costs) and high demand, with specific legal protections depending on their tenancy type. Tenants can negotiate with landlords or legally challenge unjust rent increases, particularly through tribunals that assess the fairness of the proposed rent in relation to local market rates. Understanding their rights and the specifics of their rental agreements is key for tenants to navigate these increases effectively.
The Shift in the UK Buy-to-Let Market: Navigating Landlords’ Sales Surge and Rising Rents
The UK real estate landscape is witnessing a significant transformation, particularly evident in the buy-to-let sector. The recent trend of landlords divesting their properties is reshaping the rental market across Great Britain, with a notable impact in Scotland.
This article delves into the multifaceted reasons behind this shift, the consequent effects on the housing market, and the future outlook for investors and tenants alike.
EPC Revisions: Unravelling Implications for Homeowners and Landlords
The Aftermath of EPC Shifts in Property Market
The recent modification in energy efficiency standards by Rishi Sunak may lead the property sector to uncharted waters unless a clearer perspective emerges. Buy-To-Let landlords, who own multiple properties find themselves at a crossroads due to these changes.
October 2023 Croydon Property Market Snapshot
New data has unveiled a 2.8% annual depreciation in Croydon house prices, slicing £11,500 off the typical home’s value (House Price Index, August 2023).
The Biggest Change In Renters’ Law In A Generation
The new Renters Reform Bill changes the balance of power in favour of tenants, because it will increase their security and peace of mind. The new law could make it difficult and costly for landlords to evict tenants or sell their properties.
The Top 5 Most Common Landlord Insurance Claims
The importance of specialist landlord insurance cannot be over-emphasised. With the risks higher for rental property than everyday residential property, the financial repercussions of not having adequate cover in place can be considerable. To help landlords plan to reduce risk, we look at the top five biggest risks posed to landlords, which inevitably result in landlord insurance claims.
Updated Advice for Landlords on Right to Rent Checks 2022
Right to Rent checks are set to face reforms at the start of the new tax year on 6th April 2022, with 5th April marking the end of the COVID-related temporary adjustments which allowed checks to be carried out virtually. From 6th April onwards, there will be a new permanent online solution which will allow right to rent checks to continue to be carried out remotely, for all nationalities, and with enhanced security.