Home

Landlords

Increase in home owners who rent out their spare room

by Lee | Wed, 12/08/2009 - 14:09

According to research commissioned by Abbey Mortgages, the number of home owners renting out a spare room has tripled over the last twelve months.

Abbey estimates that more than 981,000 people are currently 'landlords', an increase of 152% from 388,000 in July last year.


Energy Saving Trust: Non-energy efficient homes should not be allowed to be sold or rented

by Chris | Mon, 10/08/2009 - 21:06

Homeowners and landlords should not be allowed to sell or rent out homes that are not energy efficient according to the Energy Saving Trust (EST).

If you are renting or selling a home you now need a certificate by law. From October 2008 Energy Performance Certificates (EPCs) have been required whenever a building is built, sold or rented. The certificate provides 'A' to 'G' ratings for the building, with 'A' being the most energy efficient and 'G' being the least, with the average up to now being 'D'.


Landlords seeing increase in rental yields

by Chris | Wed, 15/07/2009 - 21:18

Landlords and letting agents are seeing increased rental yields and demand for rented property, according to new statistics by Paragon Mortgages.

The new research has revealed that average rental yields in the second quarter of 2009 stood at 6.4%, an increase of 0.2% from the first quarter of the year.


Landlord fined £20,000 in landmark court case

by Chris | Mon, 06/07/2009 - 20:22

A Landlord whose failure to fit smoke alarms in one of his properties has been ordered to pay more than £30,000 by a judge, after one of his tenants had a near death expercience.

The landlord, Dharmendrasinhji Chauhan, failed to fit smoke detectors, fire doors or fire extinguishers at his rented property in Abbey Street, Derby. He was fined £20,000 and costs of more that £10,000 by Judge John Burgess.


ARLA: Landlords 'need incentives' to improve homes

by Chris | Tue, 02/06/2009 - 11:15

The Association of Residential Lettings Agents (ARLA) has called on the Government to introduce an incentive to help encourage landlords to modernise homes.

A new scheme is needed to help drive improvements in the private rented sector according to the ARLA.


New landlords face a market "unrecognisable" compared with 2007

by Chris | Tue, 05/05/2009 - 20:32

New landlords entering the marketing in 2009 face a market "unrecognisable" in comparison with the one of two years ago, according to new analysis from price comparison website - Moneynet.co.uk.

The report indicates that cuts in interest rates and tightened credit criteria from lenders have brought about big changes in the buy-to-let market.


Third of tenants falling behind on rent payments

by Chris | Mon, 30/03/2009 - 20:09

A survery carried out by The National Landlords Association (NLA) has revealed 37% of landlords currently have tenants in arrears.

The research also revealed 44% of landlords said they had experienced the problem during the past six months. This latest news offers some explaination to the significant rise in buy-to-properties that have been repossessed during the past year and recession hit landlords are defaulting on their mortgages. (Related article)