Focus on weeding out rogue landlords is not the way forward for the PRS. Regulation increases costs and fails to encourage growth. We must focus on the longer term objective to resolve the problems. People live in poor conditions due to lack of supply in the private rental sector. The requirement for a strong PRS grows with our increasing population. By increasing supply and encouraging growth we increase standards. In this video I offer suggestions on how to increase supply and incentivise growth. Please rate this video … Continue reading Growth of the Private Rented Sector. Landlords Log part 3.
"Family homes are becoming more popular with buy to let landlords"
Landlords are becoming more family orientated and buying bigger homes to rent, according to a buy to let mortgage lender.
Paragon Mortgages research highlights that landlords buying investment property this quarter are keener on larger homes.
Around four out of 10 are looking to invest in semi-detached houses and a fifth are looking to buy a detached home.
The previous quarter showed 28 per cent of landlords wanted to buy semi-detached property and just nine per cent showed an interest in detached houses. Continue reading Landlords Look to Families for the Future
"Surveys of a survey"
Around a quarter of UK landlords are feeling more optimistic about the prospects for their property portfolios, rental income and yields, according to a sentiment survey by a buy-to-let lender.
The findings of the Paragon Mortgages research come at the same time as those of another sentiment survey by the Royal Institution of Chartered Surveyors concludes the housing market is ‘flat’. Continue reading What’s Your Opinion About Sentiment Surveys?
Homelet’s latest rental index show rents are still up
The latest HomeLet Rental index has shown that landlords in Greater London are charging 50% more than the rest of the country.
The month on month index has also found an increase in younger renters, the opposite to last month. No age range saw an increase in renters except those under the age of 25. Nationally, the renter average age of renters has also continued to drop. Continue reading Landlords Still enjoying Increasing Rent Prices
The Smith Institute has recently published a report by housing policy expert Andrew Heywood entitled “The End of the Affair: implications of declining home ownership”. The report highlights the increase in the Private Rented Sector of the UK property market and considers its implications. Continue reading Report highlights increased demand for rented properties
If you’re into statistics about the private rental sector the latest report from Paragon will keep you happy for quite some time. The report, which is 32 pages long, has been summarised below. A PDF of the report can be downloaded here.
Paragon also released their half year trading figures today, download the PDF here. Continue reading Paragon Mortgages predict 20 percent of households will rent privately by 2020
By Paul Shamplina, founder of @LandlordAction
Since founding Landlord Action in 1999, we have encountered many tenants who have had to be evicted on more than one occasion. They are, what I like to call, Serial Bad Tenants.
A Serial Bad Tenant goes from one property to another with no intention of paying any rent. Often, they will know more about Landlord and Tenant Law than your average solicitor. They know how to play the system to their advantage (which usually means that the landlord is going to be the one losing out).
Continue reading Beware of serial bad tenants
More stubborn sellers with luxury homes who refuse to drop their house prices are becoming reluctant landlords, according to letting agents.
Their reluctance to sell is pushing up the average value of a buy to let property. Continue reading Stubborn sellers let luxury homes rather than drop prices