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Ghost tenants on the rise
Sub-letting is becoming increasingly common in the private rented sector (PRS), the Association of Independent Inventory Clerks (AIIC) has warned. The organisation has pointed to research by Direct...
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Buy-to-let landlords offered interest-free loans
Could this be the next craze in the booming world of buy-to-let? A new lender backed by one of the world’s biggest private equity firms is offering loans to buy-to-let landlords worth up to 20% of the...
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London the most renter-friendly UK location
London is the most cost effective place to rent a property in the UK. This is according to new research from Zoopla, which revealed that after seven years of living in the capital someone who rented...
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Landlords see monthly collections soar by £1,000 in a year
Landlords in the City of London have seen the amount of rent they collect shoot up £1,059 per month in the last year. Rents in the area have soared by 31.43% in the last 12 months, to an average of...
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London rents ‘not spiralling out of control’
It is a myth that private sector rents in London are growing beyond control, the Residential Landlords Association (RLA) has claimed. The organisation has analysed figures from the Office for...
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One in three landlords look to expand portfolios
A third of landlords are looking to expand their rental portfolios in the next 12 months, according to the latest BM Solutions/ BDRC Continental Landlord Panel. At the end of 2011, 52 per cent of...
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BTL landlords “must consider applicant income”
Lenders have been warned that easing income requirements for buy-to-let applicants could backfire. Income requirements are still a key part of the buy-to-let application and shouldn’t be overlooked...
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More emphasis on new rental homes is needed says LSL
The government needs to take more action to encourage the construction of new homes for the UK’s private rented sector (PRS). This is according to LSL Property Services, which has released new...
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Will lending spree be reined in for landlords?
Latest Bank of England lending figures show that lending secured on dwellings rose by £1.7billion in December 2013, compared to the average monthly increase of £1.1billion over the previous six months....
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Some letting agents ‘are milking clients with commission’
Some letting agents are adding secret commissions to the fees they charge landlords, it has been claimed. Will Davies, head of property maintenance and refurbishment firm Aspect, said certain...
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East End landlords fined £14,760 for fire hazard
A couple who rented out their property in a “dangerous” condition in Tower Hamlets, East London, have been fined £14,400. The five-storey terraced house in Bow Road, Bow, occupied by several tenants,...
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How is the letting sector faring in your area?
All in all, 2013 was not a bad year for the UK letting sector. The average rent for the country rose, as did the typical yield. Meanwhile, there has been a reduction in the number of tenants struggling...
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UK ‘needs more rental homes for retirees’
Action needs to be taken to increase the number of rental homes built specifically for retirees. This is according to Peter Girling, head of Girlings Retirement Rentals, who has called for the...
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Demand for rental property ‘stronger than ever’
The UK’s private rented sector is showing no signs of slowing down despite the recovery of the sales market. This is according to Sequence, which has released figures that show the number of new...
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Buy-to-let mortgage market reaches historic high
Prospective landlords have been given a boost following announcements from numerous market analysts that the overall costs of acquiring a buy-to-let mortgage have reached historically low levels. The...
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Landlord who sexually assaulted tenant escapes jail
A Dundee landlord who groped one of his tenants has escaped a jail sentence. Married Popinder Jassal, 60, told the woman it was “love at first sight” when he met her, before trying to kiss her and...
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Rent increases close North South divide
The latest Move with Us rental index, for Q4 2013, shows that rents have dropped for tenants in the most expensive regions of the UK but are going up in traditionally cheaper areas. The survey found...
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Carney rules out early rate rise
Bank of England chief Mark Carney has ruled out an imminent rise in interest rates. Carney has faced calls for the base rate to increase from the all-time low of 0.5% since last week’s faster than...
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BTL landlords go on “buying spree”
Landlords can choose from a “dramatic increase” in the number of buy-to-let mortgage products in the past three months. According to Mortgages For Business, there are 550 buy-to-let mortgage products...
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Paragon launches retail bond
Mortgage lender Paragon Group is offering savers the chance to make a return of 6% a year without splashing out on a property. Paragon, which is listed on the FTSE250, has launched an eight-year...
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