Letting Agents Losing Thousands Of Pounds

Latest research from a property management service for lettings agents, reports that agents could be losing thousands of pounds every year of potential income by not offering a full property management service to their landlord clients. The report highlights that many agents throughout the UK offer a buy-to-let only service to landlords, and are missing […]

New Section 21 Notice Deadline 1st October 2018

All Tenancies created where the rental property is located England are now subject to the Deregulation Bill.  Tenants are now afforded extra protection and are subject to restrictions of use of a Section 21 Notice and protected against retaliatory eviction. In addition to being obliged to issue the New Prescribed Section 21 Notice, no such […]

Illegal Sublet

A high profile story has been running across the broadsheets about the sting’ of an unfortunate owner/’accidental’ landlord of a three-bedroom house in west London. The ex-wife of Michelin star chef Albert Roux, Cheryl, has not received any rent in spite of rooms in her property being sub-let without her permission, as many as eight […]

Tenants Fined £23,000.00

Three tenants who were found to be guilty of sub-letting a three bedroomed house in Kingsbury and crammed 35 men into the property have been fined more than £23,000. The 35 ‘sub-tenants’ had been crammed into all of the property’s rooms with the exception of the bathrooms and given mattresses. The kitchen also doubled up […]

40% Of Landlords Switching To Limited Companies

Latest research from a specialist lender claims that over the next twelve months almost 40% of landlords will be mortgaging BTL properties as limited companies, with only 26% of BTL acquisitions being made by individuals. Those landlords who have a portfolio of four plus rented properties, 42% will be mortgaging a new property via a […]

Nearly Half Of Tenants Are Problematic

Recent research claims that 40% of tenants are causing problems for their agents or landlords when leaving at the end of their tenancy, causing an average £210’s worth of maintenance and repair costs. An interior company surveyed 2,302 landlords who were 18 years old or more who let out at least one property for renting […]

Tenants Spending More Than £1 Billion On Repairs Every Year

Private tenants across the UK are ‘coughing up’ more than £1bn every year on repairs that landlords should be paying for themselves according to a new survey. The report found that renters had on average throughout the year spent £217 on repairs that their landlords should have carried out.  The most common repairs were for boiler […]