A Landlord's Guide to Gas Safety

As a landlord, you are responsible for the wellbeing of your tenants when it comes to gas safety on your property or properties. Every year around 25 people die as a result of carbon monoxide poisoning and many more fall ill thanks to badly installed or faulty flues and gas appliances. According to the Gas Safe Register, a staggering 1.1 million gas jobs are completed by illegal gas fitters each year. Landlords must adhere to the requirements outlined in the Gas Safety (Installation and Use) Regulations 1998, which apply to accommodation with residential tenants under a licence or a lease as defined in the Regulations, including: Residential premises provided for rent by local authorities, co-operatives, housing associations, hostels or private sector landlords. Rooms let in private households, bedsit accommodation, hotels and B&B accommodation. Rented holiday accommodation such as holiday cottages, flats, caravans, holiday chalets and narrow boats on waterways. Duties...
Continue reading
6619 Hits
0 Comments

Are you breaking the law?

As a landlord, it is your sole responsibility to ensure that you meet all legal requirements.  You can't blame lack of awareness or your letting agent.  It is down to you - if you don't meet these requirements you could face prosecution. Download our legal checklistIt would appear that many people, including tenants, do not know where they stand when it comes to the rules and regulations governing the private rented sector.A survey of more than 2,000 adults recently conducted by LetBritain  claims that many landlords and tenants across the UK are unaware of the rental market laws. The study found that: 16% of landlords do not realise that a tenant must be given at least two months’ notice under section 21 of the Housing Act 1988 if they wish to evict them. 12% of landlords do not know they must provide 24 hours’ notice before entering the property; 14% of landlords...
Rate this blog entry:
Continue reading
5534 Hits
0 Comments

The Personal Property Management Winning Touch

The UK property sector may be undergoing a degree of turbulence caused by recent events, notably Brexit, which is also causing uncertainty in the wider economy. Overall, though, it remains robust and attractive to investors.It is still a cautious time, however, and those who are seeking to generate higher revenue streams from their rental properties need to provide their clients and tenants the very best services. But first, some not-so-good news. Rents have been falling around the UK, especially in the expensive metropolis of London. It's not just rental properties either, but the overall housing market that's experiencing a decline, according to new figures.From May 2016 to May this year, average monthly rents around the UK have fallen by 0.3%, data from landlord agent firm HomeLet shows. While that's a modest drop from £904 a month to £901, the more alarming development is in the nation's capital, where rents have...
Rate this blog entry:
Continue reading
5246 Hits
0 Comments

Essential Advice for Landlords Disputing with a Tenant

  Disputes with tenants are always incredibly unfortunate events and can often be the downside to renting out your properties. However, there’s no particular reason why you have to struggle on alone against a problem tenant, and help is at hand. In this blog, we run through some essential advice for landlords disputing with their tenant.  Getting the Legalities Right from the Outset As a landlord, you have certain rights and responsibilities before the tenancy begins. It’s important that you fulfil these in case a tenant should ever attempt to lodge a complaint against you or attempt to counter one of your claims. Firstly, you should ensure that you provide a tenancy agreement (if applicable) that’s fair and complies with the law. This should state who you are and your details. If you fail to do this within 21 days, you may be fined. You should also provide an energy...
Rate this blog entry:
Continue reading
8508 Hits
0 Comments

Landlord legal expenses explained

Every good landlord worth his or her salt will have considered the benefits of legal cover or insurance before letting their property to tenants or placing it in the hands of an agent. While nobody wants to think about the possibility of lengthy disputes, rising legal costs, and the threat of repossession, it is important for landlords to protect their property – and their own financial responsibilities – in case the worst happens. No matter how amicable things may seem in the beginning, it is vital that landlords protect their assets and rights with legal expenses cover. What does this involve? Landlord legal expenses: The FAQ Although it is not exhaustive, the following FAQ should help landlords to decide whether legal expenses cover is for them whilst providing some insight into what this kind of insurance offers. While grievances with tenants can be a nightmare, landlords also need to think...
Rate this blog entry:
Continue reading
15925 Hits
0 Comments

Buy-to-let Investing: How to Do It Right

  Over the years, buy-to-let investing has been one of the most promising in the UK real estate market in terms of its returns. Under this scheme, you will be buying a property, and in turn, you will be looking for tenants to have it rented. This is the perfect choice for people who are looking for long-term investments as returns will not be yielded within just a short span of time. Considering this form of investment? Keep on reading and learn about some of the things that should be done to be assured of making the right choice and to lessen the likelihood that you will have regrets in the future. Find the Right Timing When it comes to buy-to-let investing, timing is key. As a property investor, your goal is to buy a property at a time wherein the price is low. More so, you also have to...
Rate this blog entry:
Continue reading
8624 Hits
0 Comments

Shower vs. Bath in a Rental Property

  As a landlord, you are obliged to provide a bathroom for your tenants. Depending on how may bedrooms the property has, or whether you are running a House of Multiple Occupation (HMO), you may even be expected to provide several bathrooms. You won’t have room for a separate shower cubicle if the bathroom is small and compact, so the pertinent question here is whether installing a bath or shower is best for your tenants, and if you ditch the bath, will it affect the value of the property. Bathrooms are a valuable commodity. A new, modern bathroom built to a high specification will attract a better class of tenant. It will also make it easier to find a tenant, which for any landlord is a top priority. After all, void periods are costly and no landlord wants an empty property in their portfolio. Smart bathrooms from reputable companies such...
Rate this blog entry:
Continue reading
13689 Hits
0 Comments

Essential safety responsibilities for landlords

  There are landlord responsibilities to ensure that the property in which your tenants are living in habitable and fit for purpose. This involves checking that you have obtained the correct insurance cover, and that you’ve created the appropriate paperwork to legalise proceedings, as well as holding the relevant safety certificates. It’s also your obligation to provide a home that’s secure and safe, meeting regulations laid out by the government and official bodies. Your tenants’ safety and comfort should be paramount, whether you’re a public sector homeowner, or a private landlord. Regardless of the size of your portfolio, your tenants have the same rights. Are you taking your responsibilities seriously? Essential safety If you’re a first time landlord and new to the game, or feel as though you may need a refresher or two, delve into the pointers below; while not exhaustive, they’ll nudge you in the right direction should you...
Rate this blog entry:
Continue reading
1210 Hits

Half of Tenants Would Leave Town To Achieve Dream Of HomeOwnership

More than half of tenants would move or consider moving to a different town or city in order to buy a home, according to a new poll of private renters*. The poll found that just over a quarter of tenants (27 per cent) would relocate in order to buy a house, and a further three in ten (29 per cent) would consider doing so. However, forty four per cent of tenants said they would not move to another town or city even if it meant being able to afford to buy their own place. Tenants in London were the most open to the idea, with 87 per cent saying they would relocate or consider relocating in order to buy a home. However, tenants in the East Midlands were the least receptive to the idea, with just 14 per cent willing to relocate. The research also shows that almost half of...
Rate this blog entry:
Continue reading
10821 Hits

Are pet friendly rentals in more demand than ever?

There used to be the old clichéd window advert or newspaper box that advertised a property to let with the line - no pets allowed. This is now banned under OFT regulations but pet friendly rentals are still often difficult to find. We are a nation of pet lovers and owners and given that demand for rentals is so high, with many people unable to get on the property ladder, is this still a realistic proposition? Figures state that 45% of the UK population are pet owners and 5.4 million people rent their home, according to figures from 2015. Therefore, it’s likely that about 2.5 million people are looking for pet friendly rentals and it is predicted this is likely to increase substantially within the next 10 years. So, what can property owners do to adapt to the increasing demand from pet-owning tenants? Check your freehold and lease terms -...
Rate this blog entry:
Continue reading
754 Hits
0 Comments

"Court delays costing landlords thousands" says Landlord Action

Landlord Action says under-resourced county courts are exasperated by the number of possession claims being put forward, resulting in costly delays for landlords.  The leading tenant eviction service says it has become such a problem in the last 3 months, that chasing up cases with the courts is now a full-time role for one member of their in-house legal team. The vast majority of residential possession claims are dealt with in the county courts and enforced by county court bailiffs.  However, Government spending cuts, an ever growing number of possession cases (predicted to be up 15% on last year, according to Landlord Action) and the enforcement by some courts that bailiffs must no longer act alone, only in pairs, have combined to create serious delays in the eviction process, according to Julie Herbert, Head of Legal at Landlord Action. “We are forever chasing courts for updates on possession orders, Notice...
Rate this blog entry:
Continue reading
810 Hits
0 Comments

10 Tips For Getting Your Rental Property Ready for Tenants

Would-be first-time buyers have struggled to get a foot on the housing ladder as a result of stricter mortgage criteria, and renting has become the only realistic way of flying the nest for many people in their twenties and thirties.

Rate this blog entry:
Continue reading
777 Hits
0 Comments

£40 off Tenant Find Service & Upad Webinar for Just Do Property

We had a great webinar with James Davis of uPad last week. If you missed it, dont worry we have the recording for you. We received great feedback from the webinar and will certainly be repeating it.
Rate this blog entry:
Continue reading
1023 Hits
0 Comments

Many more landlords using Section 21 Accelerated Proceedings this year

Since we started in 1999, which incidentally is also the year the accelerated Section 21 procedure was introduced, we have never had so many instructions from landlords and letting agents wishing to proceed to court to obtain possession orders under Section 21. Last year, there were 34,080 claims issued under the accelerated procedure, which was an all time high since its inception in 1999. I believe 2014 will be even higher. In quarter one of this year, there were 47,220 claims issued at court for standard procedures with hearing dates and accelerated Section 21s.  In quarter two, there were 38,509 claims issued. The total number of claims issued for all procedures in 2013 was 170,451. This was 20,000 more than in 2012. Recovering Possession This trend of more and more landlords opting to recover possession using the section 21 entitlement, where a hearing date is not required, is because most...
Rate this blog entry:
Continue reading
694 Hits
0 Comments

London market comes off the boil

  The RICS Residential Market Survey for September 2014 reports a more balanced picture nationally, as the London market comes off the boil. The rental market remains firm due to strong demand and tight supply. The September RICS Residential Market Survey indicates fading, albeit still robust, price momentum at the headline level. This comes on the back of a more balanced demand picture, in part related to less buoyant expectations of future price rises. Crucially however, the supply trend remains more or less flat with no indication of a pick up in new vendor instructions. London Price Balance The London price balance turned slightly negative in September for the first time since the beginning of January 2011, ending the longest continuous period of price growth that the RICS survey has recorded for the capital. Expectations for price growth over the coming three months remain positive with only surveyors in the London market expecting to see...
Rate this blog entry:
Continue reading
8429 Hits
0 Comments

1st October is D-Day for Letting Agents

So at last the Government has agreed that every letting agent in England and Wales must join an authorised consumer redress scheme to ensure tenants and leaseholders have a straightforward option to hold their agents to account.  The law comes into effect from 1st October 2014. Any agent that fails to join one of the three approved redress schemes, The Property Ombudsmen, Ombudsmen Services or The Property Redress Scheme, will face a fine of up to £5,000 from their local authority and could ultimately be closed down if they continue to breach their legal requirement to join such a scheme. After joining, the agent must comply with the schemes Ombudsman decision as failure to do so may result in the agent being removed from that scheme. This may then result in the agent being unable to join another Government authorised consumer redress scheme. By joining one of the schemes, the property professional confirms they will...
Rate this blog entry:
Continue reading
964 Hits
0 Comments

The Buy to Let Process for First-Time Investors

If you have never invested in property before but you’re interested in the process and would like to learn more; now’s your chance. When it comes to finding the right property, financing the investment and finding good tenants, there’s a lot to learn, but if you’re passionate about property and you’re dedicated to your investment, you should be able to learn everything you need to learn in not too long of a time, and then you can begin your journey into your first investment. So, without further ado, here’s a comprehensive guide to buy to let for first-time investors.
Rate this blog entry:
Continue reading
965 Hits
0 Comments

Making Sure Youve Got the Right Landlord Insurance

  Buying second houses to then let them out again is becoming increasingly common as more and more people find that first-time-buying is extremely difficult in the current climate. This means that there are now far more landlords about than you might expect, and unfortunately, a lot of them are not completely clued up on what they need to do to ensure that they’re doing things properly. One of the major things to think about is insurance – simply having the normal house insurance is not enough if you’re not living in the property but renting it out to someone else. The following are some of the things you needs to check when looking at insurance: Buildings Cover You never know what disaster might strike your property, whether it’s flooding or storm damage. For this reason, it is essential to have cover, just in case the building becomes uninhabitable. You...
Rate this blog entry:
Continue reading
1073 Hits
0 Comments

New report finds that students make the best tenants

As a landlord or letting agent, there are many factors to consider when renting a property, including finding your ideal tenants. On first glance students may not be your first choice, but new findings by utilities and service provider for students, Glide, and Accommodation for Students, found that students are in fact the most desirable tenants.
Rate this blog entry:
Continue reading
963 Hits
0 Comments

Tips for Ensuring Your Property Investment Is Profitable

Investing in property can be one of the trickiest of investments to get right. It can also be one of the most rewarding and profitable if you know what you are doing. Buying houses, renovating them and then renting them out to tenants can be a lengthy and stressful project, but it is important that care and effort is put into each stage of this process.
Rate this blog entry:
Continue reading
789 Hits
0 Comments