Over the last 12 months less than 10% of UK landlords experienced a tenant dispute. The statistics come from inventory service provider, My Property Inventories and confirmed that 2014 was a relatively stress free period for British landlords. Yet despite this positive outlook, the study also revealed that when disputes did arise they usually concerned damage to property. These types of incidents accounted for 58% of problems.
According to recent research the number of part time landlords in the UK is on the rise. In fact, one in seven British adults now rents out a property to generate a second form of income. This ‘part time’ landlord trend has generated a £28 billion industry with the average property manager earning an average monthly income of £678.
According to the latest statistics from leading mortgage lender Paragon, two million private landlords currently lease five million properties across the UK. This figure is only set to grow, with the UK government predicting by 2032, 33% of properties will be rented out by private landlords. If you lease a property and want to make 2015 your best year yet read on for a list of five New Year’s resolutions that every landlord should adopt in 2015.
If you’re a buy-to-let landlord with monthly mortgage repayments, getting your property inhabited as quickly as possible is of the upmost importance. To help you keep the rent rolling in, we’ve put together a list to insider tips on how to get homes leased as quickly as possible.
Fire damage is a very real risk for landlords across the nation. In fact according to the Association of British Insurance fire is one of the largest insurance sectors, with the average pay out claim per household ringing in at a huge £10,200! It’s no figure to sneeze at and highlights the absolute importance of having an adequate landlords insurance policy in place should anything go up in flames. Of course, taking necessary precautions is also an extremely effective way to protect your rented property from the risk of fire damage. To help you up the safety credentials of your property we’ve put together some useful tips on how to minimise the risk of fire when leasing to tenants.
Students get a bad rep as tenants however according to the latest statistics, they’re actually one of the lowest claiming insurance groups in the UK. The new findings were released in a report commissioned by student specific utilities and service providers, Glide and Accommodation for Students. Contrary to popular belief the report found that students are in fact some of the most desirable tenants for buy-to-let landlords across the nation!
If you’re a first time buy-to-let landlord there are a number of important things that you need to know. To help you prepare, we’ve put together this guide offering handy hints, tips and advice on everything you need to know.
While the number of British households currently in rent arrears is down from last year’s figures, 68,000 landlords across the nation are still facing missed payments. If you’re a landlord and rely on rent to pay off a mortgage or cover other essential expenses, this can be a dire situation to be in. As such, rent loss insurance has emerged as a popular choice for an increasing number of landlords who can’t afford to miss out on any rental payments. To give you a better understanding of the concept, we’ve put together this brief overview covering everything you need to know about rent guarantee insurance.
Being a landlord can be an expensive business. While you do have rent coming in, there are a number of other aspects to consider which seem to constantly eat up your cash. As such, it pays to try and cut costs wherever possible. One of the easiest and most profitable ways to do this is by taking a closer look at your landlords insurance. There are a number of tweaks and adjustments you can make to save money, the most popular of which we’ve listed below.
From wine bars and bistros to village pubs and roadside taverns, every public house should have adequate insurance. To give you an idea of just how important it is to be covered, we’ve put together a list of some of the most common scenarios faced by pub owners across the nation.