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Insights - Letting
Are Rent Guarantee Schemes Worth it?
With so much pressure on landlords in the wake of the COVID-19 pandemic, not least the evictions ban and, more recently, the breathing space rule, it is no wonder so many buy-to-let investors are starting to look into the benefits of guaranteed rent schemes. Here we explore the reasons for the mounting interest and ask, are rent guarantee schemes worth it?
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Why Landlords are Wise to Enhance Record-Keeping During the Pandemic
Whilst lockdown measures are gradually being eased, the fact is that landlords remain under pressure. What’s more, tenants may still be facing financial difficulties, meaning rent arrears could continue to pose a problem. With all of this in mind, the importance for landlords of keeping accurate records during the pandemic cannot be stressed enough.
Landlords: How to Avoid Fines for Non-Compliance with Lettings Legislation
Property industry reports reveal that local authorities and Trading Standards enforcers are starting to take an even stricter line when it comes to making sure private landlords are compliant with regulations, leaving some rental property providers with fines ranging from £48,000 to £330,000 due to failures.
Government Reveals Plans for Evictions Ban Wind-Down
The government has announced plans to wind down the current evictions ban, meaning that landlords finally have some clarity on moving forward with evictions that are currently on hold, and have been for some time. Bailiffs will as a result be able to reinstate their roles from 1st June 2021.
Important things to Consider When Renting to Families with Children
For landlords, families often make attractive tenants, with their preference for long term lets. If you are thinking about renting to families with children, there will be various considerations to make, not least whether your property is suitable. Read on as we explore how to establish whether a property is right for family rentals, and other things to contemplate when letting to families with children.
Evictions Paperwork Must Now Include Breathing Space Details
A new government scheme came into force on 4th May, providing anyone with a debt the legal right to protection from creditors, including tenants in rent arrears. The Debt Respite Scheme, otherwise known as the ‘Breathing Space’ arrangement, has been introduced to allow those in debt to find a solution to their financial issues. And now, in a recent move, the government has announced that details of the scheme must be included within paperwork when seeking to gain possession of a property.
Buy to let Market Turbo-Charged in Wake of Stamp Duty Holiday Extension
The extended Stamp Duty holiday appears to be having a significantly positive impact upon the private rental market, recent research has revealed. A survey of 500 UK landlords shows that more than a quarter say they are planning to expand their buy-to-let portfolios in the next 12 months.
Garden Maintenance: Landlord or Tenant Responsibility?
As the weather finally starts to break, and thoughts turn to getting back outside, the question of who is responsible for what in terms of garden maintenance naturally rears its head. It is vital for landlords to know where they stand in this respect. Read on as we reveal who must be doing what in the garden, and where tenants stand on their rights to make changes.
Temporary Right to Rent Changes to End
Changes to the right to rent checks introduced in response to the COVID-19 pandemic are set to end in May 2021. Now that COVID infection rates are falling, and lockdown measures are gradually easing, it has been announced that the emergency measure will come to an end on 16th May.
A Landlord’s Guide to the Housing Health and Safety Rating System
The Housing Health and Safety Rating System (HHSRS) places obligations upon residential landlords and property managers to maintain their properties within a strict set of guidelines. The requirements are in place to ensure premises are safe and secure for residents and visitors.
