private rented sector

The issue of tenants abandoning properties and leaving landlords out of pocket for thousands of pounds is a growing problem in the UK. This is a problem that has been exacerbated by the coronavirus pandemic, with many tenants unable to pay rent due to job losses or other financial difficulties. This has left landlords in a difficult situation, as they are unable to recoup the money they are owed and are losing out on potential rental income.The government needs to take action to protect landlords from this financial hardship. One way to do this would be to introduce a system of rent guarantees. This would mean that landlords would be able to claim back any unpaid rent from the government if a tenant abandons their property. This would provide much needed financial security for landlords, a...

As a landlord, you have a lot of responsibilities. From finding tenants, to collecting rent, to making sure your property is in good condition, there is a lot to manage. Hiring professional services can help you take some of the burden off of your shoulders and ensure that your rental property is well taken care of. One of the most important services you can hire is a property manager. A property manager will handle all of the day-to-day tasks associated with managing your rental property, such as finding tenants, collecting rent, and handling maintenance issues. They will also be able to provide you with advice on how to maximize your rental income and keep your tenants happy. Another important service you should consider hiring is an accountant. An accountant can help you keep track of y...

The issue of abandoned tenancies has been a growing problem in the UK, with more and more people leaving their homes without paying rent or other associated costs. This has caused significant financial hardship for landlords, who are left with unpaid bills and empty properties. It has also had a detrimental effect on the housing market, as it has led to a shortage of available properties for those looking to rent. The government has been urged to take immediate action to tackle this problem. The first step should be to introduce a system of tracking tenants who have left their properties without paying their rent. This would enable landlords to identify those who have abandoned their tenancies and take appropriate action. It would also help to deter potential tenants from leaving without p...

The number of buy-to-let mortgage arrears has increased by 28% in the last year, according to a recent report. This is the highest level of arrears since records began in 2008 and is a worrying sign for the buy-to-let market. The report, which was released by the Council of Mortgage Lenders (CML), shows that the number of buy-to-let mortgages in arrears of 2.5% or more of the outstanding balance has risen from 11,400 in Q2 2016 to 14,600 in Q2 2017. This is a 28% increase in just one year and is the highest level since records began in 2008. The CML has attributed this rise to a number of factors, including the increasing cost of renting and the introduction of stricter lending criteria for buy-to-let mortgages. The CML also noted that landlords are facing increasing competition from other...

It appeared that the initial offer was 'chosen' over others because the purchaser was using the Connells' mortgage service. Recently, there have been allegations of pressurised selling by Connells’ branch on purchasers. This has raised concerns among many potential buyers, who are worried about being taken advantage of by the company. Pressurised selling is a form of sales tactic that involves the use of high-pressure tactics to persuade a customer to purchase a product or service. It can involve a variety of tactics, such as making false claims about the product or service, using scare tactics, or offering limited-time discounts. In the case of Connells’ branch, the allegations involve the use of high-pressure tactics to convince potential buyers to purchase a property. This includes maki...

NatWest, one of the largest banks in the United Kingdom, recently announced a reduction in mortgage, rental, and refinancing rates by up to 65 basis points. This is a major move for the bank, as it will help to make mortgages, rentals, and refinancing more affordable for customers.The reduction in rates is part of NatWest's commitment to helping its customers manage their finances. The bank has been working hard to make sure that its customers have access to the best possible rates and terms on their mortgages, rentals, and refinancing. By reducing the rates by up to 65 basis points, NatWest is making it easier for customers to get the best deal on their mortgages, rentals, and refinancing.The reduction in rates is also a sign of NatWest's commitment to helping its customers manage their f...

NatWest, one of the UK’s largest banks, has recently announced a reduction in residential and buy-to-let mortgage rates by up to 65 basis points. This move is part of the bank’s effort to make mortgages more affordable for customers.The reduction applies to both fixed and variable rate mortgages, with the biggest reductions being seen in the two-year fixed rate mortgages. The two-year fixed rate mortgages now have a rate of 1.44%, down from 2.09%. The five-year fixed rate mortgages have also been reduced to 1.94%, down from 2.59%.The reductions are also applicable to buy-to-let mortgages, with the two-year fixed rate mortgages now having a rate of 1.84%, down from 2.49%. The five-year fixed rate mortgages have also been reduced to 2.34%, down from 2.99%.The move is part of NatWest’s effort...

The recent announcement by the UK government to abolish Section 21 of the Housing Act 1988 has been met with mixed reactions. On one hand, it has been hailed as a victory for tenants who have long been at the mercy of unscrupulous landlords. On the other hand, some landlords are warning that the move could be disastrous for the rental market. One such landlord is John Smith, who owns several properties in the north of England. He believes that the move will have a detrimental effect on landlords and tenants alike. “The government’s decision to abolish Section 21 is a knee-jerk reaction to a problem that could have been solved in a much more sensible way,” he says. John believes that the move will make it harder for landlords to evict tenants who are not paying their rent or who are causing...

The illegal trading of goods and services by rogue agencies has been a problem for many years, and despite the efforts of the Ombudsman to expel such agencies, it continues to be a major issue. Rogue agencies are those that operate outside of the law, often engaging in fraudulent activities such as money laundering, tax evasion, and other illegal activities. These agencies are often difficult to track down and prosecute due to their clandestine nature. The Ombudsman is an independent body that is responsible for investigating and prosecuting cases of illegal trading. It is tasked with ensuring that all businesses are operating within the law, and that any illegal activities are brought to justice. The Ombudsman has the power to expel rogue agencies from the market, but this does not always...