Nottingham Letting Agent Property Blog

Increasing numbers of tenants are asking to see that the landlord does have permission from their lender to rent out the property, and this is beginning to affect those landlords who have been forced to rent out their property until they can sell it. Unfortunately many of these so called ‘reluctant landlords’ have failed to get permission from their lender as this would push up the interest rates on their mortgage.The problem faced by tenants is that they are at risk if the landlord subsequently defaults on their mortgage, and could find themselves homeless. According to the Association of Residential Letting...

According to the latest research from the Association of Residential Letting Agents, more tenants are facing difficulty paying their rent on time, with 41.2% of ARLA members saying the number of tenants having trouble paying on time increased in the six months prior to March 2012. Apparently more tenants are attempting to haggle over their rent in an attempt to knock it down when negotiating with landlords and Nottingham letting agents. Just over half the letting agents surveyed said more tenants were trying to get a better deal, especially in the North East of England, and the South-West, while those living...

Increasing numbers of tenants are choosing to share their homes as a way of coping with rising rents, according to property analytics company Hometrack. Although they found demand for rental property is still strong, many people are struggling to cope with the rising cost of living, and certainly cannot cope with increases in rent. This is particularly true in London, and couples who would have previously rented two-bedroom flat and kept a spare bedroom, are now choosing to let it out to another tenant. The rental market in the UK is split into two distinct sections, as rents in London are...

The Association of Residential Letting Agents (ARLA) is hoping the forthcoming budget on March 21 will give a boost to the private rental sector. They are hoping the government will support growth of the private rental sector, and that landlords will be treated as entrepreneurial businesses. They point out supporting growth in this sector would encourage greater investment, which in turn would help boost the economy. There is still a healthy demand for good quality private rental homes, and there are 3.4 million tenants who rely on the private rental sector. This number has increased by 1 million since 2005.The association...

According to an insurance company, the number of fraudulent tenants could be increasing. Apparently more potential tenants are filling out application forms fraudulently, and have no intention of continuing to pay the rent as they are constantly moving from property to property. Such tenants often give false information as to their previous address to try to prevent letting agents and referencing companies from tracking them down. Unfortunately these types of people also seem to have substantial knowledge of the legal system which makes it very difficult to evict them quickly.Anyone thinking of letting out a property is advised to have a...

It's essential to ensure all the electrical wiring, sockets and switches in your rental property are in good working order for your tenants. One of the ways you can do this is by making sure the electrical wiring and any equipment is regularly inspected by a properly qualified electrician. They should be able to provide you with a Periodic Inspection Report which will point out any possible defects which could be dangerous, and which may need immediate attention.Any electrical equipment supplied in a furnished privately rented home is covered under the Electrical Equipment (Safety) Regulations 1994. These regulations were put in...

If you are currently trying to rent out your property you might have noticed that things are a little slower at the moment, and this fact is borne out by research which shows this time of year generally suffers from a market slowdown as people concentrate on festivities rather than searching for a new home. According to Findaproperty.com, rental prices dropped by 1.5% last month, and look set to fall again until the New Year is underway. Earlier on in the year rental prices reached new highs at £890 a month for an average sized property, equivalent to half the average monthly...

According to a new survey from the National Landlords Association, the majority of landlords get on well with their tenants, with 61% describing their relationship as very good, another 34% describe the landlord tenant relationship is good, while only 3% say it is adequate. Less than 1% report having a poor relationship with their tenants. Apparently about four in 10 landlords have contact with their tenants whenever the need arises, while 36% communicate on a more regular basis.This is good news for everyone, especially as the rental sector is growing, and is probably due to letting agents in Nottingham taking great...