Landlords have a larger appetite for HMOs in a bid to boost their rental income by targeting young professionals and students, according to a report. Multi-Let UK says it has seen a 150% rise over the past year in investors looking to purchase HMOs and multi-lets. A sister company has […]
Evictions in England and Wales rise by 5%
The number of tenants evicted from rented homes in England and Wales in the first quarter of 2016 has risen by 5%, according to new figures. However, the Ministry of Justice (MoJ) says that repossession rates for those who own their homes has now fallen to a record low. The […]
Top renting group revealed to be families
The UK’s most common household type for renting in the private sector has been revealed to be families for the first time. The findings come from the National Landlords’ Association which shows that increasing numbers of landlords are now letting homes to families with children. They now make up 48% […]
Top cause of stress for landlords revealed
One of the main causes of stress and worry for the UK’s landlords has been revealed as the controversial ‘Right to Rent scheme’, says a new study. In a report from letting agents PropertyLetByUs, they say that the legislation causes stress for one in three buy to let landlords and […]
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 check their tenancies are ‘compliant’
Landlords are being urged to check that their tenancy agreements are legally compliant after an investigation revealed that one in 10 landlords do not have any form of legal contract with their tenants whatsoever. The findings come from insurance firm Direct Line for Business who say that landlords may be […]
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 […]
Most tenants say they are happy with their landlord
When asked if they are happy with their landlord, 80% of tenants told researchers that they were. In the survey undertaken by Paragon Mortgages, the tenants also revealed their fears that their landlord may end their tenancy for nearly half of them much sooner than their agreement runs for. Three […]
BTL landlords ‘don’t assess true costs’
The boom in the buy to let sector is seeing growing numbers of landlords not assessing properly the true cost of their outgoings, says one BTL specialist firm. According to Platinum Property Partners, this means the landlords have no idea about whether a property investment will be profitable or not. […]
Landlords increasingly looking to sell up
A new sentiment survey of landlords has revealed that a growing number of them are looking to sell their properties because of the upcoming buy to let tax relief changes. The sentiment survey from Your Move and Reeds Rains says that the tax change is a ‘major concern’ for landlords […]
