Unless you’ve been hiding in a cave for the last 3 months, you will have undoubtedly heard about the latest barrage of proposals from various groups to make changes to the rules and regulations surrounding the Private rented sector
The level of supply in the private rental sector is showing signs of improvement, according to Association of Residential Letting Agents (ARLA). However, despite an increase in available buy-to-let properties on the market, consumers will still face fierce competition for rental property as the level of demand remains high.
Properties face higher risks of damage during the winter months than they do in the warmer and lighter seasons. With this in mind, the Association of Residential Lettings Agents (ARLA) highlights steps landlords can take to mitigate associated risks and avoid costly surprises, while providing a good standard of accommodation for tenants.
BEWARE Landlords in the Birmingham, Walsall, Sandwell, Dudley and Wolverhampton areas, from December 1st, it is your responsibility to ensure that any tenant you rent to, has the right to be in the UK, by checking their immigration status. Failure to identify anyone occupying your home, whether the tenant or not, can result in fines of up to £3000 per occupant.
NLA report Amateur Landlords reach 70% of the Private Rented Sector. Here at Lawson’s, we are finding a larger number of landlord enquiring about our Buy to let and property acquisitions, as they are looking to invest in property again, in many cases after taking a bit of a break from buying property, so we wanted to see if this was a nationwide trend.