Void periods are an occupational hazard of letting property and something that the vast majority of landlords will experience at some point. The key to a successful void is to keep it as short as possible. Currently there is an environment of strong rental demand but this does not mean that landlords should be complacent. There are various ways for you to minimise the dreaded void period and I will illustrate this by going through a typical lifecycle of a tenancy.
Continue reading Avoiding the Void
As MPs debated the Welfare Reform Bill at report stage on Monday, 13 June, a survey by the National Landlords Association (NLA) had already revealed that more than half of private residential landlords are planning to reduce the number of properties they let to tenants on housing benefits.
Around 450,000 homes are let to tenants on housing benefit but more than half (58%) of the landlords questioned said they would have to cut the number of properties they let to tenants paid housing benefits, with 90% planning to do so in the next 18 months and one third stating they would do so immediately. Continue reading Landlords forced out of housing benefit market
With interest rates at a historic low, guest article writer Glen Ackroyd from National Property Group explains the steps he’s taking to protect his buy to let property portfolio from inevitable interest rate rises and taking his portfolio off “death row”.
In September 2008 I was having what was supposed to be my dream holiday. Like many others, I had ridden the wave of the credit boom and had acquired a large property portfolio. At the height of my success I was staying in a private villa in an island in the Bahamas, fronting onto the harbour, with millionaires’ yachts and Hollywood film stars for neighbours. Surely, life just couldn’t get any better?
Continue reading How to get your property portfolio off “death row”
The number of private renters is increasing while home ownership is in decline, according to the latest housing survey for England from the Department for Communities and Local Government. Continue reading Buy to let market doubled in a decade
Buy to let landlords are on a collision course with the government as most are determined to defy pleas to reduce their rents in line with proposed cuts for tenants on benefits. Continue reading Landlords refuse to cut rents for benefit tenants
Despite employing researchers, analysts and economists to filter and interpret vast amounts of housing data, the secrets finally out – the government picks up figures about the buy to let market from an advertising web site. Continue reading Civil servants source buy to let data on advertising web site
The new universal credit for housing costs may still leave private landlords out on a limb over rent payments.
The proposed new rules will replace local housing allowance with a housing cost element of the universal credit system.
But the outline proposals are not clear over who gets the payment – the landlord or the tenant. Continue reading Will landlords benefit from universal credit?