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Insights
How COVID-19 has Impacted Landlord Confidence in the UK
A recent survey by the National Residential Landlords Association (NRLA) has revealed that almost two thirds of private landlords in England and Wales are expecting their rental businesses to be impacted in a negative way due to the COVID-19 pandemic. As a result, there is a call for the Government to help sustain tenancies by providing the finances needed to pay off COVID related arrears. Alternative suggestions are being made to help bring things back on track, and guaranteed rent for landlords could be one key idea.
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Lockdown Latest: Rental Market Open for Business
Housing secretary Robert Jenrick has announced that the rental market in England will stay open during the new four-week lockdown starting 5th November. Renters remain able to move, letting agents and removal firms can continue to do their jobs, and property maintenance and repair contractors, cleaners and inventory clerks can enter properties, providing they adhere to COVID-secure guidelines.
How Landlords can Ensure On-Time Payments
Being a landlord has many benefits, including providing an ongoing income. Of course, this is dependent on getting paid regularly. Which raises a key question, how can landlords ensure on-time payments? Let’s take a look at some top strategies to secure that regular monthly income.
A Guide to Screening International Rental Applicants
Screening is vital to assess tenants to ensure they will pay on time and take care of your property. But what specifically needs to be checked for overseas tenants to verify their right to rent? Read on to learn the ins and outs of the official process so that you know what’s required to meet the strict Government guidelines.
What Landlords Need to Know About Current Eviction Rules
The national ban on residential evictions that ran for six months until 20th September, followed by the introduction of new six month notice periods for evictions which will be in place until at least the end of March 2021, have put additional pressure on landlords already facing tough times during the pandemic. So what can landlords do to find their way through these challenging times?
The New Green Homes Grant: What does it mean for Landlords?
Landlords are set to benefit from the Government’s latest scheme which offers vouchers up to £10,000 to cover the costs of making energy efficiency improvements to privately rented properties. Now is the ideal time to start gearing up for the new energy efficiency measures currently under consultation, which could demand that all properties let privately from April 2025 meet an EPC rating of C or above.
4 Mistakes First-Time Landlords Make and How to Avoid Them
Whilst it might sound straightforward enough to put your property on the rental market and start drawing income, there is actually quite a lot to master. Landlords often make mistakes when first starting out, some of which can lead to lost profits. Let’s take a look at some of the most common errors landlords make, and how to avoid them.
Landlords: How to Make Your Property More Energy-Efficient
With the importance of tackling climate change ever growing, and a new generation of tenants becoming increasingly eco-aware, it has never been a more important time for you as a landlord to start boosting the energy efficiency of your rental property. Not only is it a good move for the environment, it will also help you attract and retain good tenants.
How to Prevent Rental Void Periods
As a landlord, you will naturally want to keep void periods to a minimum. Whilst they are an inevitable part of being a private landlord, there are steps you can take to reduce the impact and avoid the costs of extended untenanted periods. From guaranteed letting income schemes, to tips on attracting the right tenants, it’s all covered in this article.
What are the Repair and Maintenance Obligations of a Landlord?
In the private rented sector, landlords are generally expected to keep any property let to tenants well-maintained and in a good state of home repair. By the same token, tenants must ensure they act in a ‘tenant-like manner’, not causing damage to the property other than anything that can be classed as ‘fair wear and tear’.
