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RLA Hit Back At Rent Control Calls

RLA Hit Back At Rent Control Calls

Rent Controls Are Not The Answer
To The UK Housing Shortage

The Residential Landlords Association (RLA) have hit back at politicians and housing and homeless pressure groups who are openly calling for rent controls in the UK’s private sector by claiming that private sector rents are falling in real terms following analysis of the official English Housing Survey (EHS).

The English Housing Survey (EHS) results are taken from a continuous survey conducted by the Department of Communities and Local Government (CLG) and show that average private sector rents increased by just £10 from £153 to £163 (GBP) per week in 2014, representing a rise of 6.5%.

In contrast, average weekly rents in the UK’s social sector increased by more, with weekly rental prices increasing 25.4%, rising by £18 from £71 to £89 (GBP).

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Insurance Statistics Prove Students Are The Best Tenants

Insurance Statistics Prove Students Are The Best Tenants

Insurance Statistics Prove Students Are The Best Tenants

A survey carried out by the National Landlords Association (NLA) in 2013 found that students are some of the best tenant types housed in the PRS as they are less likely to miss rent and student properties tend to offer better returns.

Now, fresh research by Total Landlord Insurance in 2014 also shows that students are the most reliable tenants in the private rented sector (PRS) as only 9.6% of insurance claims come from student properties, the second lowest of any tenant group, so there may be something to the claims after all, who would have thought?

The average insurance claim made by the landlord of a student property was £2,090.18 (GBP) in 2013, compared to £6,072.97 (GBP) for a typical residential property housing tenants claiming state benefits. 

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48% Of Tenants Would Like To Withhold Rent Over Repair Delays

48% Of Tenants Would Like To Withhold Rent Over Repair Delays

Tenants wrongly attempt to

blackmail landlords over repairs

Private rental sector tenants are wrongly taking matters into their own hands and attempting to withhold rent from landlords over delays resolving emergencies like heating and electrical faults, according to new research by HomeServe.

The figures show that 1 in 3 PRS tenants have faced emergency repairs over the last 12 months,  with boiler faults and other central heating problems the most common.

Of those, 11% took the wrong action, attempting to withhold rental payments because they claimed that the landlord had taken an unacceptable length of time to deal with the repairs, and 48% of tenant respondents said they would also be willing to withhold rent should the need arise.

  • 1 in 4 problems take landlords more than a week to repair
  • 34% of private tenants have faced a home emergency in the last 12 months
  • 1 in 10 tenants who have had a home emergency withheld rent
  • 1 in 2 tenants would be willing to withhold rent if necessary to expedite repairs

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Survey Finds 30% of Tenants Quit Rental Properties Due To Poor Standards

Survey Finds 30% of Tenants Quit Rental Properties Due To Poor Standards

Landlords Need To Take Note Of Survey Findings
To Attract And Keep Good Tenants

One in three current PRS tenants have quit properties and ended tenancies within the UK private rental sector due to lack of repairs by landlords and the overall poor condition of rental properties in general.

These shocking tenant revelations are from a survey carried out on behalf of the National Landlords Association (NLA) by shower manufacturer Methven, last month.

The survey of PRS tenants discovered that poor quality fixtures and fittings in rental properties are a major cause of grievances and less than 10% of tenants who took part in the survey were completely happy with the condition of the property they were currently renting.

Over 60% of private rented sector tenants who took part in the survey said the standard of bathroom fixtures in rental properties is below average with 16% reporting that standards were poor. A further 53% claimed a good shower is an essential feature of a good rental property, which is good news for the shower manufacturers conducting the survey.

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Tenants Fear Eviction For Reporting Outstanding Repairs

Tenants Fear Eviction For Reporting Outstanding Repairs

PRS Tenants Living In Fear Of
Retaliatory Evictions

A new survey has revealed that some tenants in private rented sector properties are living in fear of eviction because they had dared to complain to the landlord about outstanding repairs.

A third of tenants have been evicted or threatened with eviction after complaining to their landlord, according to new research carried out by online tenant community The Tenants’ Voice.

  • 61% of tenants said they were wary about complaining to their landlords
  • 71% of tenants have paid for repairs themselves rather than ask their landlords.

The survey suggests that a growing number of PRS tenants are facing retaliatory evictions because they voiced concerns over repairs. Desperate, cash strapped landlords have avoided taking out adequate Landlord Insurance policies to protect their rental properties and instead served section 21 notices to bring about the end of a periodic tenancy, rather than undertake the repairs that the tenants have requested, hoping that any new tenant won’t complain as much.

The UK tenant survey found that many tenants worry about asking their landlords to carry out repairs in fear of reprisals.

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National Empty Homes Loan FundNational Empty Homes Loan Fund To Bring
Empty Properties Back In To Use

A new scheme has been launched to bring almost ¾ Million empty residential properties back into full time use in a bid to tackle the UK’s current housing shortage.

Over 710,000 residential properties are currently lying derelict and empty across the UK, because the owners have not been able to afford to renovate or refurbish them back to a habitable standard.

In a joint venture initiative between Government, 39 participating local authorities, the Empty Homes charity and the Ecology Building Society, the scheme aims to provide loans of up to £15,000 (GBP) to owners of empty residential properties to help bring them affordably back into use.

The fund was one of the demands of last year’s Great British Property Scandal campaign led by architect and broadcaster George Clarke.

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Beware Of Serious Maintenance Issues When Purchasing Investment Properties

Beware Of Serious Maintenance Issues When Purchasing Investment Properties

25% of properties for sale in the UK
have serious maintenance issues

New research by Halifax home insurance has revealed that home owners are far from proficient at keeping their property well maintained.

The research found that whilst 28% of home owners claim to be DIY enthusiasts, almost a third of people surveyed said they only had basic skills and knowledge to carry out basic cosmetic improvements, such as painting and decorating, grouting tiles or assembling furniture rather than tackling bigger property maintenance issues such as cleaning gutters and repairing fixtures and fittings or repairing cracks in plaster.

lacking the confidence to undertake even straightforward maintenance which could prevent problems such as damp in the longer term,

The research found that property owners in Aberdeen had the best maintained properties in Scotland, while Peterborough was the top region in England, and Newport came out top in Wales.

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Inside A Property AuctionWhat Investors Should Know About Property Auctions Before They Buy

Bidding on properties at auction can be addictive and exhilarating if you can get the property you want without someone else driving the bidding price up and out of your pre determined budget.

TV programmes like “Homes Under The Hammer” have created a real appetite among novice property investors, but can TV shows really give serious investors an insight into what really happens at a property auction, and what are the real processes involved with bagging a property bargain?

There is usually a wide choice of property types available at a property auction, and property purchases can be conducted with speed, price transparency and certainty of sale plus there is always the chance to bag a real property bargain every now and then, which could explain why so many people are looking at property auctions to provide them with suitable investment opportunities.

In order to be successful at auction, investors should have done thorough due diligence on the properties that they are interested including surveys and the interior of properties should be viewed wherever practical.

Serious property investors should be properly prepared prior to entering the auction room and ready to act quickly. It may appear to be a little daunting and overwhelming to begin with, but with practice and conducting the correct due diligence, you will soon be bidding to purchase properties at auction.

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Unprepared Buy-To-Let Landlords Spend More Money Because They Fail To Plan Ahead

Unprepared Buy-To-Let Landlords Spend More Money Because They Fail To Plan Ahead

Unprepared Landlords Spend More Money Because They Fail To Plan Ahead

UK private rented sector landlords and property investors need to factor in repair costs into calculations and annual budgets in order to have a better understanding of the profit they are actually making from their investment property.

Rental properties will suffer wear and tear on fixtures and fittings over time, however many property investors who hold property and become landlords fail to adequately allow for rental property repairs or budgeting for essential maintenance costs when calculating the potential yield that they can get from an investment property.

Property investors and landlords should make use of the best landlord insurance deals they can find and plan for expensive repairs in advance, where possible, holding back enough funds to pay for unexpected repairs in a rental property.

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 Obey Gas SafetyLaws Or Face Prosecution – Landlords Warned

Gas Safety Is A Legal Responsibility

Gas Safety Is A Legal Responsibility

UK Landlords need a better understanding of the many laws and regulations regarding the safety of tenants in private sector rental accommodation, or they may find that non compliance with any of the prescribed regulations can make them liable for prosecution and will render their Landlord Insurance invalid.

UK Landlords have moral and legal responsibilities regarding the safety of all tenants living in private rented sector (PRS) rental accommodation, occupied under a lease or licence, which includes, but not exclusively:

  • Residential premises provided for rent by local authorities, housing associations, private sector landlords, housing co-operatives, hostels
  • Rooms let in Houses of multiple occupation (HMO’s), private households, bed and breakfast accommodation and hotels
  • Rented holiday accommodation such as chalets, cottages, flats, caravans and narrow boats on inland waterways.

The Gas Safety (Installation and Use) Regulations 1998 outlines the landlords’ duties to make sure gas appliances, fittings and flues provided for use by tenants comply with all the latest UK safety regulations and are not hazardous to the health of the tenant.

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