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MPPT Spotlight are focusing on Tenants this week with a series of articles on getting the best out of tenant

MPPT Spotlight are focusing on Tenants this week with a series of articles on getting the best out of tenants

Tenants Admit Having Problems With Landlords And Letting Agents

55% of tenants in the UK’s private rented sector (PRS) have experienced problems with their landlord or their appointed letting agents according to the latest research from the Association of Residential Letting Agents (ARLA).

The most common issue which affected 31% of PRS tenants was the length of time taken to fix problems in rental properties including issues with boilers, heating and electrical outlets.

Once a problem was raised, tenants have waited an average of 36 days for the problem to be fully resolved. However over 14% of PRS tenants never had their rental property problems fixed at all, according to the research.

18% of tenants surveyed also reported frustrating delays with landlords not replacing worn out fixtures and fittings on demand, including requests to replace old or damaged kitchen cupboards or tired and worn carpets.

14% of the tenants surveyed, felt that their complaints about repair issues were either ignored or brushed off by landlords or their appointed letting agents.

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UKAR Chief Executive Warns That Over 20,000 Customers Could Face Mortgage Arrears If Interest Rates Rise This YearUKAR Chief Executive Warns That Over 20,000 Customers Could Face Mortgage Arrears If Interest Rates Rise This Year

The chief executive of UK Asset Resolution (UKAR), who are winding down the loans of Northern Rock and Bradford & Bingley, affectionately known as “Britain’s Bad Banks”, has warned that thousands of its customers could be pushed back into arrears if there is a rise in Bank of England (BoE) interest rates.

UK Asset Resolution (UKAR), seventh-biggest mortgage lender said last week that they had repaid £6.2 Billion (GBP) to the UK Government in the 15 months to the end of March 2014, meaning it had so far paid back £10.4 Billion (GBP) of the £48.7 Billion (GBP) it owed.

However, if there is a rate rise it could potentially make it harder for taxpayers to get their money back after bailing out the bad banks.

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Invest In Yourself Before Investing In Property

Invest In Yourself Before Investing In Property

Education Is The Key To
Property Investment Success

It is now 2014 and there will be many people who have made New Year resolutions to better themselves and get started with projects that could transform their lives, other less motivated people will have already broken whatever half hearted resolutions they made – do you want to be one of them or is this the year when your revolution begins?

Property investors who attend property networking events, webinars and online training events will already have heard about the importance of goal setting in order to achieve success, this is a very true and accurate idiom as without something to aim for there is no drive to reach it.

Knowing what you want before you start is only half the battle, the hardest part is working out what you need to know and what action to take in order to get there, and that is where education becomes vitally important – Knowledge = Power.

If you want to successfully invest in property, you need to learn how to do it the right way and invest in your own specialist property investment education.

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Over 30% of UK adults expect to spend less in 2012 compared to just 20% in October 2011, suggesting that more British people have become even more pessimistic about their finances this year.

The survey carried out by Ipsos Mori on behalf, the Resolution Foundation, who are an independent research and policy think tank organisation which aims to improve outcomes for people on limited income suggests that people have become more pessimistic about their finances since autumn last year, when the Eurozone crisis worsened.

23% of respondents to the survey said they expect their financial situation to deteriorate over the next 12 months, compared with just 15% in October 2011, when the survey was last carried out.

The latest survey also found that more people are now saving, with 30% of respondents saying they were putting money away every month, compared with 22% in October 2011.

20% of respondents to the survey also said they would not be able to go away on holiday this year.

The Resolution Foundation’s Chief Executive, Gavin Kelly said: “The longer households cut back on spending, the longer it will be before we see real economic recovery.”

The survey is part of a wider report by the Resolution Foundation, called ‘Squeezed Britain’, highlighting the pressures on low and middle-income households.

Last week, housing charity Shelter warned that more than a third of people have cut back on their food bills in the last year, in order to pay their mortgage or rent, representing an increase of 44% since 2008.

Campbell Robb, chief executive of Shelter, said: “These staggering findings show just how many millions of people are cutting back on essentials as the continued squeeze on incomes starts to really bite.”

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