Landlord Insurance Matters

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Insurance Matters

It has been reported that one in eight landlords does not have landlord insurance! Whilst most landlords will of course have regular buildings insurance, covering subsidence, storm damage, flooding etc, some policies do not take account of a property being let. In fact, some insurance can be invalid if the insurer has either not been […]

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Should I Furnish?

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furnish

Landlords often ask us whether or not it is worth furnishing a property they intend to let. “Furnishing” usually means everything required to live reasonably comfortably in a property, including white goods, with the exception of bedding and personal possessions. There is no one-size-fits-all answer to this question. Tenants come in all shapes and sizes, […]

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Tenant Charges Part 2

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pt 2

Letting agents are no longer allowed to charge a fee to process a tenant’s application to rent. But this does not mean that an agent cannot ask for certain monies, so here’s our brief guide for tenants (Landlords listen up too!). Part 2 – Post-Agreement charges. Early Termination Ending a tenancy prior to its scheduled […]

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MAY MARKET COMMENT

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MAY

The housing market has been an obvious casualty of the Coronavirus lockdown. Yet the desire to move, once the decision has been made, is strong. Indeed, as soon as the government announced that people could once again move house, Rightmove buyer enquiries doubled within 24 hours. They were even 4% higher than the same day […]

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Tenant Charges Part 1

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T Charges pt 1

Letting agents are no longer allowed to charge a fee to process a tenant’s application to rent. But this does not mean that an agent cannot ask for certain monies, so here’s Part One of our brief guide for tenants. (Landlords listen up too!) A holding or reservation deposit. Competition for rental property is high […]

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Prefer To Rent

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rent

“Generation Rent” is becoming a deliberate lifestyle choice, not just a second-rate alternative to buying. Research by Direct Line Insurance suggests that 70% of the 12 million UK renters have no plans to purchase their own place. Certainly, raising the required 5%-10% deposit can be a huge stumbling block, but it appears that millennials, at […]

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Landlord Types

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Landlord Types

The archetypal multi-property “professional” landlord probably only accounts for about half of all landlords. The rest come in all shapes and sizes. Which of the following are you? The Accidental landlord This is a homeowner who would ideally have sold, but has decided to rent instead. Perhaps the market is not strong enough to support […]

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Habitable

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Habitle Rules

Legislation exists whereby tenants can potentially sue a landlord who fails to adequately maintain their property. The Homes (Fitness for Human Habitation) Act 2018 means that tenants can take direct action over substandard property, rather than having to rely on their local authority to pursue a landlord who fails to adequately maintain it. Courts will […]

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New EPC Landlord Regulations

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new epc

The onus on landlords to provide energy efficient accommodation has once again stepped up a gear, now that part three of the Energy Efficiency (Private Rented Property) (England and Wales) Regulations 2015 has come fully into effect. It is now (since 1st April 2020) illegal for landlords to continue to let a property, or grant […]

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Worth Sharing

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sharing

Higher rents and fewer people buying have led to increasing numbers of people, not just students and couples, choosing to share the cost of rental accommodation. From a landlord’s perspective this should be welcomed – two or more people become liable to look after the property and pay the rent, thereby halving the risk. A […]

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