Latest News
UK Tenants Fail to Meet Monthly Rental Payments
The latest research by Association of Letting Agents (ARLA) suggests that a growing number of UK tenants are struggling to meet their rental payments.As such, over 40% of ARLA members reported an increase in the number of tenants failing to meet their payments in the six months to March 2012.Commenting on the findings, Ian Potter of ARLA,... Read more
UK Tenants to Get Paid for Property Repairs
From April, 2012 council tenants will get paid for doing their DIY projects under the new scheme Tenant Cashback launched by UK Housing Minister Grant Shapps.This scheme is aimed at reducing the 4-billion pounds maintenance bill for social housing and at ensuring that tenants become "apprentices in the home."Commenting on the launch of Tenant... Read more
Property Rent Rates Rise All Over the UK
According to a survey recently carried out by the Royal Institute of Chartered Surveyors (RICS) property rent rates have increased all over the United Kingdom in the three months to April.The sharpest rises were registered, as usual, in London and the South East.Estimates suggest that rent rates have increased by 40% since January 2010.The Royal... Read more
Tenants Chase Rental Properties in Oxford
A new research carried out by a website Spareroom revealed that there are at least 3 potential tenants for every property for rent in Oxford.The demand is currently so high that every new property that goes onto the market becomes snapped in less than an hour.Commenting on the findings of Spareroom, Mr. Urwin of Martin & Co Oxford, British... Read more
National Tenant Network Launched in UK
Husband and wife Gary and Ruth Henderson, who have been renting out properties for over 15 years, have created a national tenant database.This couple, known as Garden City couple, has heard hundreds of horror stories about tenants and has actually lived through several unpleasant situations. The latest data revealed by LSL Property Services,... Read more
Tenant Demand for Rental Properties Hits 2-Year High
A recent report published by Paragon Group revealed that tenant demand for residential propety hit 2-year high in Q4 of 2010.The Private Rented Sector Trends report showed that the proportion of landlords reporting increase in tenant demand was the highest since the last quarter of 2008. As such, this figure grew to 40%, which compares to 36% in... Read more
More UK Tenants Default on Rent Payments
According to the latest survey carried out by the Association of Residential Lettings Agents (ARLA), as many as 40% of British landlords have reported a rise in the number of tenants who have had payment problems in the past 6 months.It is important to note that in the last quarter of 2010, the proportion of landlords reporting similar problems... Read more
UK Rent Rates Hit Their Highest – LSL Property Services
A recent report published by LSL Property Services suggests that September 2010 marked the 8th consecutive month of rent rate rises.Eventually, rent prices have reached their highest level last month, thus, beating the record set in 2008. In September 2010, an average rent rate amounted to £698, which is 3.1% more than in September... Read more
Landlord and Letting Awards 2010 to Be Held in November
UK tenants might be interested in the Landlord and Letting Awards 2010, which is to be held this year at the Birmingham NEC.The annual event will take place on November 17th, 2010 and will award participants in the following categories:campaigner financial services landlord of the year letting agent of the yearfurniture best websiteMore than 400... Read more
UK Tenants Are the Same Age as Landlords – LV=
The recent research carried out by LV=, a UK insurance provider, showed that the gap in age between landlords and tenants is steadily decreasing.This might be due to the fact that the average age of first-time homebuyers in Great Britain is increasing, which means that people in their 30's are still renting a house or an apartment. Another reason,... Read more