Investing in property offers an exciting journey filled with the potential for significant capital gains and financial stability. However, for landlords to fully benefit from property investment, adopting a long-term perspective is crucial. In this blog post, we will delve into the reasons why landlords should prioritise a long-term approach to property investment and provide valuable insights into...
Since 1 April 2019, all letting agents in England have been required to belong to a client money protection scheme when they are holding client money on behalf of landlords or tenants. This regulation aims to provide financial protection to landlords who entrust their rental income and funds to letting agents. This guide will inform landlords about these regulations, the importance of client money...
PayProp, a rental payment specialist, has submitted a comprehensive response to the UK Government's Renters' Reform White Paper. The firm's UK Managing Director, Neil Cobbold, is urging housing sector participants to make their voices heard in the ongoing consultation process. In particular, PayProp is calling for greater clarity on the role of the proposed Ombudsman in resolving disputes between...
The National Residential Landlords Association and the Tenancy Deposit Scheme have collaborated to produce a comprehensive spring cleaning guide for landlords, which they are offering for free. This guide is designed to provide landlords with essential tips and checklists that cover all areas of the property, including external areas and gardens, to assist them in ensuring that their properties are...
The UK Government has recently released a new edition of the 'How to Rent' guide, which is an essential resource for both private landlords and tenants. The updated guide includes some important legal changes that have taken place recently, which are designed to make the rental process safer and more transparent for all parties involved. One of the most notable changes is the requirement for carbon...
Tenancies for longer than the usual six to 12 months are becoming more popular among tenants, a growing number of letting agents report. But landlords who go down this route can benefit, too. Students, especially from overseas, welcome three-year tenancies because of the stability this brings. It is often welcomed by their parents too, who may well be financially supporting them. The growth...
A London Labour council has announced plans to increase funding for enforcement against private landlords who allegedly ignore serious damp and mould issues. The council will allocate an additional £400,000, which is a 25% increase on the original budget, to its private sector enforcement team. This funding will supplement the council's existing plans to tackle damp and mould issues in its own housing...
The Prescribed Information is a set of information that landlords are legally required to provide to their tenants, as well as anyone who has paid a tenancy deposit for an assured shorthold tenancy. The Housing Act 2004 outlines the two main requirements that landlords must meet when taking a tenancy deposit: Secure the tenancy deposit with a government authorised tenancy deposit scheme within days of...
As a beginner landlord in the UK, there are many things to consider before renting out your property. From finding the right tenants to managing your finances, being a landlord can be a complex and challenging task. In this blog post, we'll provide some tips and insights to help you get started on the right foot. Understand the legal requirements Before you start renting out your property, it's...
You can rent furnished or unfurnished properties in the United Kingdom. Investing in real estate and being a landlord comes with pros and cons, and which option you choose will depend on your own investment strategy and preferences, the characteristics of your property, and how actively you intend to manage it. In any case, for those property owners who choose to let their properties furnished, it is...