COVID19 was always going to have an impact on the rental market. The mere rumours of threats of mass redundancies were enough to make even the most resilient landlords nervous. Luckily the Government’s furlough scheme meant that despite not being required to work throughout the pandemic, many tenants still had the means to continue paying Continue Reading
Not all property owners or investors want the responsibility of being a landlord in practice. The idea of having to organise maintenance, being at the beck and call of a tenant or preparing agreements, deposits and rent are enough to leave anyone overwhelmed. Despite having the most compliant and co-operative tenants, there is still plenty Continue Reading
The COVID-19 pandemic has altered the business landscape for almost every sector, and the rental market was one of them. But perhaps not in the way you would assume. Upon recommencing, the rental market refused to slow down, an extremely positive sign for landlords – but what we have seen is a shift in tenant Continue Reading
Last week our article looked at the benefits of buying to let in principle. Here we consider some practical elements:
Students are an excellent prospect for landlords wishing to maximise their return on investment. They are in ample supply, meaning an almost certain let, a greater choice of tenant and fewer void periods. Reliable student loans and parental guarantees mean that students are also less likely to default than they were in the past.
For many homeowners, letting provides and obvious investment opportunity as an alternative to selling. With the right expert help from your letting agent, the matter should be quite straightforward, although there are certain consents that should be obtained if you are to avoid some potentially costly problems.
Whilst both gas and electricity can be lethal, from a landlord’s perspective, the law relating to gas safety is more stringent than it is for electricity with substantial fines or even imprisonment for of the breaches of the Gas Safety (Installation and Use) Regulations 1998. These regulations impose a duty on landlords to use a Continue Reading
All residential tenancy deposits must by law be protected by being lodged in a government-recognised scheme, such as the Deposit Protection Service (DPS), which is evidence based. This means that the decision to either return or withhold a deposit at the end of a tenancy is made by considering any differences between the condition of Continue Reading
Household emergencies generally occur during the depths of winter, but we recommend that landlords undertake a pre-winter checklist now to prevent unforeseen property headaches in the months to come. A tenant will often be less interested in preventative measures, but will of course complain if there is a problem – often too late and costly Continue Reading