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Rental

Avoid Having to Repossess Your Properties

The Ministry of Justice (MoJ) has just released the official figures for landlord repossessions during the period October to December 2022 — and they’re alarming. The number of repossessions in that time has risen by 98%. So why is this? And how can you avoid having to go through the costly and time-consuming procedure of getting your property back? The Rise in Repossessions The MoJ figures make alarming reading. Dur
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Are Your Properties Mould-Free?

If you rent out residential properties, you must be aware of the tragic case of Awaab Ishak, the Rotherham toddler who died in 2020 from exposure to mould in a rented home. In this case, the property was owned by a housing association, but if you let your property privately, you could be personally responsible for such an incident. So, what do you need to know about mould and how to prevent it? What Are the Dangers f
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Landlords — Your Obligations in Maintaining Your Properties

Whether you’re a landlord with a single property or a property manager with a large portfolio, it’s vital to keep your properties in good condition. Besides it being in your own interest to prevent them from diminishing in value, failing to do so could be considered as a breach of your obligations to your tenants. Here are a few things to bear in mind about maintaining your properties. Preparation Is Essential When s
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Client Money Protection Schemes — What Can You Expect from a Letting Agent?

When you’re selecting a letting agent to manage your rental properties, it’s vital to pick the right one. There are plenty of good agencies around, but unfortunately not every agency meets the minimum standards. Picking the wrong one could leave you in financial trouble. No doubt you have a list of questions for any prospective letting agency, but does this include whether they’re a member of a client money protectio
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The Enforcement Conduct Authority — New Proposals for a Debt Enforcement Oversight Body

Many sectors of the financial world have their own independent oversight bodies. The best known is probably the FCA (Financial Conduct Authority) but similar organisations operate in various areas of finance. One notable exception, though, has been the debt enforcement sector — but that may be changing. A prominent think-tank has brought together various sides of the sector and proposed a framework for a new oversigh
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If You Have Great Tenants, You Want to Keep Them — Here’s How

The perfect balance for any landlord is to ensure a regular, unbroken income from your property with a minimum of effort and hassle. And the best way of ensuring that is to keep any good tenants you already have. The obvious advantage of keeping a good tenant is that you won’t have gaps in the rent coming in, but there are other benefits. If the tenancy isn’t constantly changing, you’ll be spending
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The Moratorium Ends — The Start of Back to Normal for Landlords?

Early in the pandemic, the government brought in a moratorium on evictions for rent arrears. While this was good news for tenants struggling to pay, often through no fault of their own, it’s been a nightmare for some landlords, who have been unable to do anything about lack of rent. From 1st June, however, the moratorium no longer applies — but is this really back to normal for landlords? The History of the Mor
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Property Inventories — Not Just Lists

A landlord has a lot to do at the start of a tenancy, and it can be tempting to treat the inventory as just one more tick in a box. If you’re lucky enough to have a model tenant, that might be enough — but any problem during the tenancy can make a full and detailed inventory crucial. And that can include the need for photo and video evidence. Why Are Photos and Videos Necessary for an Inventory? If a dispute sh
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One in Five Renters Finding It Difficult to Meet Their Housing Costs

A Government report released in April shows a stark picture of how households are coping with their housing costs and savings in the pandemic. The problems apply to both the home-owning and rental sectors, but renters seem to have been hardest hit. The Second Wave Household Resilience Study After more than a year of the pandemic, the Government has published a study of how households are holding up in the wake of the
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Landlords — Avoid a £30,000 Fine by Keeping Up Electrical Safety Tests

If you’re a responsible landlord, you may well already carry out EICR (electrical installation condition report) checks regularly on all your properties. From 1st April, however, this will be a legal requirement, with fines up to £30,000 for failure to comply. What Is the EICR? An EICR is the document that an electrician issues after carrying out an inspection on the electrical equipment in a property. Dependin
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