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pinterest facebook twitter linkedin Landlord Blogs - October, 2013

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Lowering landlord insurance and the importance of tenant security
 
This week, Scotland's Police Service and landlords were at loggerheads after a local Glasgow Police Officer, PC Craig Broakes, was quoted as saying; "break-ins could be wiped out overnight if landlords secured their properties properly and strengthened the fixtures surrounding th
     
Posted by on 31/10/2013 16:56:19
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Haringey council's controversial new HMO licensing scheme attacked by RLA
 
Haringey Council has launched a public consultation in regards to licensing changes for properties within the council's wards that are Homes of Multiple Occupancy (HMO). The council claims there are three thousa
     
Posted by on 31/10/2013 16:55:17
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Are UK student accommodation landlords ready for interest rate rises?
 
Low mortgage repayments and higher rental yields over the past few years have spurred many student HMO landlords to take out buy-to-let mortgages or re-mortgage on a more affordable rate. However, there are many in the sector who are warning that the days of low interest-rate bac
     
Posted by on 31/10/2013 16:53:20
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Super costly university halls and the cash-saving alternatives
 
Knight Frank, the UK luxury sales and valuation group, published a report that forecasts solid rental growth in the student accommodation market, as demand will continue to increase over the next twelve months. The report, found  
   
Posted by on 31/10/2013 14:25:21
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Buy-to-let portfolios to rocket in value
 
Landlords with buy-to-let property portfolios could see their values surging by 17% in the next five years, according to property consultancy CBRE.

The consultancy is one of the world’s leading property specialists and they are pointing to fast-rising house prices, incr
     
Posted by on 30/10/2013 10:50:49
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Buy-to-let mortgage increase brings legal action
 
News that the West Bromwich Building Society is to hike its interest rates on buy-to-let tracker mortgages by 2% from 1 December has led to landlords threatening legal action.

The landlords say the rate increase is 'unjustified' and point to the Bank of England base rat
     
Posted by on 30/10/2013 10:47:39
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Landlords sign energy deals which trap unsuspecting tenants
 
A common practice that sees agents and landlords signing exclusive deals with energy companies for a commission has been slammed by the Association of Inventory Clerks because it hands a double-whammy to unsuspecting tenants.

The deals are for a commission on energy and
     
Posted by on 30/10/2013 10:44:02
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Landlords exploit mortgage rates to boost portfolios
 
Falling mortgage rates are seeing landlords rapidly expand their property portfolios, according to the latest Mortgages for Business Buy to Let Index.

With property yields on the increase, landlords are taking advantage of lower interest rates for buy-to-let mortgages to
     
Posted by on 24/10/2013 13:38:39
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Council announces help for landlords
 
After news that one council has launched a special hotline for tenants to lodge complaints about rogue landlords in their town, another council has pledged to help landlords offer a better service.

Harrow Council is offering to help landlords succeed by offering a range
     
Posted by on 24/10/2013 13:37:57
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Rogue landlord crackdown with special hotline
 
A council is so fed-up with complaints about rogue landlords that it is introducing a hotline for tenants to lodge complaints after a survey revealed most landlords were ‘not meeting standards’.

Northampton Borough Council has pledged to investigate all complaints left o
     
Posted by on 24/10/2013 13:37:15
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Strong demand fuels rent rises
 
Returns for buy-to-let investors could double in the next year after the average Buy-to-Let investor trousered £12,129 in the year to September, helped by rent increases and rocketing property prices.

The prediction comes from LSL Property Services which also says that B
     
Posted by on 24/10/2013 13:35:52
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London property prices rocket
 
Landlords looking to expand their portfolios in London are facing stiff competition from other investors which has seen real estate asking prices rocket in a market ‘frenzy’.

The average asking price boomed by £50,000 in September alone, according to the Rightmove house
     
Posted by on 24/10/2013 13:34:13
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The secret lives of ghost tenants living in rented homes
 
Buy to let landlords have millions of ghost tenants secretly sharing their rented homes, a survey of letting agents has revealed.

Ghost tenants are not listed on tenancy agreements and move in without the landlord’s knowledge or consent.

The study calculated
     
Posted by on 03/10/2013 14:05:30
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Save tax by paying family to do property business chores
 
Although property investors cannot charge their businesses for their own time, that does not mean they cannot employ friends or relatives and pay them a salary.

Instead of carrying out those basic maintenance chores for nothing, landlords can pay someone else to file p
     
Posted by on 03/10/2013 14:04:15
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Thousands of landlords fail the insurance test
 
Landlords are exposed to a lack of financial protection by having no specialist insurance or cash back-up in the event of an emergency.

Axa, a leading landlord insurance company, claims hundreds of thousands of landlords do not have adequate insurance.

Their
     
Posted by on 03/10/2013 14:00:33
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