LANDLORD NEWS AND ADVICE FROM UK'S LARGEST ONLINE LETTING AGENT
The latest from the world of lettings and written for landlords. Top stories, advice, commentary and analysis...
Keep the discussion lively, if you read an article and have some thoughts, please comment. We’re always looking for new landlord tips and stories so if you have something you’d like to share please let me know, simon@upad.co.uk (editor).
Archive for the ‘Buy-to-let’ Category

60 Seconds with James Davis
What is your role? Founder & CEO of www.upad.co.uk What is Upad in a nutshell? Upad is the UK's largest online lettings agency. We help landlords let and manage their properties nationally, and because we've grown so large, we can pass on massive savings to landlords. How is it different to other lettings agencies? Our landlords are generally experienced buy-to-let professionals who... Read more

Case study: how to present your property – Balerno, Edinburgh, EH14
What we like about the property… • It is located in a beautiful setting on the Water of Leith in the village of Balerno. It is within commuting distance of Edinburgh, and close to Heriot-Watt University, meaning the area is a great buy-to-let investment for those that want to attract professionals and students. • It is an old mill conversion. Properties embedded with history tend to let... Read more

Essential reading for landlords! Top tips on finding and keeping great tenants
2012 looks set to be a particularly fruitful year with buy-to-let lender Paragon Group revealing that landlords are expecting tenant demand in the UK to remain high, predicting a double-digit increase in the number of people who will choose to become “professional tenants”, opting to rent rather than buy. With renting becoming ever more popular, a number of lettings agents have explained... Read more

Rents set to stabilise in 2012
Rents in the UK are set to stabilise in 2012, according to the Belvoir rental index. The index suggests that rents will rise in line with inflation and salary increases in 2012. This marks a change from the previous couple of years which have seen rents persistently rise. However, as always with these national surveys there are regional fluctuations, with London and the Home Counties set to... Read more

At last good news, property repossessions remain low
The level of property repossession in Britain has held steady in the third quarter of 2011. 9200 properties were repossessed, compared to 9100 in Q2, according to the Council of Mortgage Lenders (CML). In total, over the course of 2011, 27500 properties have been repossessed and that's down on 2010. The CML predicts there will be fewer repossession in 2011 than last year. Considering the... Read more

Millions may never be able to own their own home
The increasingly depressing state of the housing market has been brought to the fore, with the news that millions may never be able to own their own home. The Council of Mortgage Lenders Director General Paul Smee said, that many will rent for longer than they first envisaged. Deputy Governor of the Bank of England Charlie Bean explains that as mortgage deals require higher deposits, they... Read more

Rent arrears are rocketing: are you ready?
There's plenty of evidence around that rent arrears are on the increase, but what's more troubling is that we have a feeling that the current economic climate things can only get worse. The National Debtline, a charity dedicated to helping people with money worries, says that enquiries related to rent arrears have rocketed by 84% in the past four years. This certainly tallies with other evidence... Read more

Councils could charge £500 for Landlord Registration
Private landlords who rent out property in the London Borough of Newham could face compulsory registration at a cost of £500. A 10 week consultation is already under way on proposals that would see landlords proving that they are “fit and proper persons” to be landlords, and possibly having to undertake a Criminal Record Bureau (CRB) check. A trial of the scheme has already been piloted over... Read more

Rents rise but rent arrears rise much faster
The latest research from LSL shows that rents rose in August by 1.2% but so did the number of tenants with rental arrears owed to landlords. The increase in rental arrears, and the total amount of money owed to landlords is staggering. LSL estimate that 10.7% of all rent was late or unpaid in the month of August 2011. The total amount of unpaid rent in August was an estimated £300m, up... Read more

Family homes attract Buy to Let landlords
Buy to Let landlords are increasingly looking to family homes as a solid investment. The latest numbers from BTL mortgage people Paragon shows a significant increase in landlords looking to families as tenants This shouldn't be a surprise. With the changes to Housing Benefit and Local Housing Allowance (LHA) already starting to filter through the private residential sector (PRS), we expect... Read more

Are Buy to Let landlords to blame for Britain’s housing crisis?
An article in The Daily Telegraph this week focussed on the causes of Britain's acute housing problems. The article by Ed Howker, associate editor of 'The Spectator’ and co-author of 'Jilted Generation: How Britain Has Bankrupted its Youth', cited Buy to Let landlords as part of the problem. The article entitled “Britain has too few homes for sale” claims that one of the major reasons... Read more









