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...
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Archive for the ‘Finance’ Category
When the coalition came to power in May 2010 one of their key aims was to reform the benefits system and reduce the annual £22 billion housing benefit bill, but will the changes affect private landlords? Here’s our summary... Overview: The cuts are to be achieved via three policies; making tenants more responsible for their own money via a single, universal benefit payment that includes... Read more
Some two thirds of buy-to-let properties and overall some two million properties in the UK are leasehold flats either within converted houses or purposed-built developments. But despite a restructuring of the system following the Leasehold Reform Act in 1993 and the subsequent Commonhold and Leasehold Reform act of 2002, many landlords are still receiving large and often unexpected bills for... Read more
The Governor of the Bank of England Mervyn King has issued his quarterly forecasts and it doesn't make happy reading. Notably, he has downgraded the UK's forecast economic growth and also said that inflation has not reached its peak. The Bank estimates that Britain's economy will grow by 1.7% during 2011, less than the 2% in February's forecast of 2% growth but the same as the latest forecasts... Read more
As a tenant, you might be asked to provide a guarantor for your tenancy. A guarantor is someone who guarantees the rent on your behalf. They are responsible for the rent on your home. If you don’t pay the rent, your guarantor will be chased for payment. There are several situations where you might need to provide a guarantor. If you’ve never rented before, and this is particularly true for... Read more
Q: We paid a substantial deposit to our landlord when we moved in a few months ago. She hasn’t lodged it with a Deposit Protection Scheme and says it will be perfectly safe in her own bank account. We’re not very happy about that, but what can we do? A: The first thing to remember is that she’s acting unlawfully. Under law, since 2007, any deposit paid to a landlord or letting agent... Read more