Renting news (August 2011)
Latest Renting news
Buy to let mortgages 'are available'
The availability of buy to let mortgages for UK landlords is continuing to increase, according to one expert, who has noted that rates are still relatively high, however. Alan Ward, chairman of the Residential Landlords Association (RLA), made the comments after figures form Haart revealed that demand for buy-to-let mortgages has risen to 16.8 per cent - the highest level ...
25th Aug 2011
High rental costs 'not due to landlord greed'
The high costs associated with renting property at the moment cannot be blamed on landlords being greedy, one expert has claimed. That is the opinion of UK property industry analyst James Davis, who said that, despite the increase in the number of people having to rent a property due to the high cost of buying a home, landlords are not simply taking advantage of tenants. ...
23rd Aug 2011
Renting news archive
Rental demand 'a great advantage' at the moment
Now is a good time to be a buy to let property owners due to the huge demand for property for rent in the UK, according to one specialist. Chris Norris, policy manager at the National Landlords Association, highlighted the many advantages of buy to let rental mortgages for landlords and said that the increasing demand of potential tenants is clearly an excellent reason to ...
19th Aug 2011
Cleaning costs 'the main reason' for withholding deposits
The main reason why the country's landlords withhold deposits from outgoing tenants is cleaning costs associated with sprucing up the accommodation, a new report has revealed. Research carried out by mydeposits shows that cleaning costs, followed by unpaid rent, are the major reasons why deposit money is not given back. In a poll of landlords who kept hold of a deposit, ...
17th Aug 2011
Rental property investment 'a sure bet'
People who purchase buy to let property will find that this method of investment is far safer than other ways of boosting their wealth, it has been claimed. That is the opinion of Chris Horne, editor of landlord advice site Property Hawk, who said that, in the current economic climate, where hardly any investment is safe, property provides people with a certain degree of ...
11th Aug 2011
Landlord insurance 'needs to be carefully considered'
Buy to let property owners need to speak to specialists in order to guarantee that their insurance covers them appropriately, according to one expert. Daniel Jewell, senior sales manager at the Business Octopus, said there are a few good ways for landlords to ensure that their insurance policy covers them for any future eventualities. He advised: "Make sure that you ...
8th Aug 2011
Landlords 'need a good tenant relationship'
Landlords need to a form a good relationship with their clients if the tenancy is to be a trouble-free one, an expert has advised. According to David Lawrenson, private rented sector expert at LettingFocus, made the comments after a new report by the National Landlords Association (NLA) noted that the overwhelming majority of landlords have a good relationship with their ...
3rd Aug 2011