BTL Mortgage Market Regains Providers, Options

Following the introduction of the temporary stamp duty holiday, Buy-to-Let (BTL) lenders have returned to the market or expanded their offerings, giving potential property investors more choice of who to lend from and what product to use.

Renting to Tenants with Criminal Records

As a Landlord or Estate Agent when you ask tenants to complete an application form there is usually a question regarding whether they have a criminal record of any kind.

AirBnB Pledges to Audit Landlords and Remove Some Professionals

Amid news that some landlords who are in the long-term let market continue to switch over to seemingly more lucrative short-term lets, the global head of AirBnB has shared his intention to thoroughly audit the landlords who use his site. In a recent interview, the rental platform co-founder said he recognises the potential damage it can cause to the UK's long-term rental market when professional landlords utilise the site to switch from one area to the other.

How To: Deal with Multiple Applications for your Property

So you have multiple applicants for your property, great! On the surface this seems positive but you need to be aware that this can bring issues when choosing one of these applicants. The Equality Act 2010 can take a landlord to court for discrimination. A landlord must be wary of this and prtootect themselves from any sort of discrimination. To avoid this:

Landlords: How To Make Your Income Consistent

Being a Landlord is a business, and the secret to any successful business is to ensure that the income they are yielding is consistent. By having consistent income, a Landlord allows themselves to easily plan for the future as they’ll always have an accurate idea of the monthly income they will receive from their properties.

Here’s a few tips on how a Landlord can make their income consistent

Actions to Protect Against Tenants that Disappeared

Most tenancies end amicably. There are some, however, that cause issues for landlords and abandon their property. As a landlord, you must give 24 hour notice to a tenant before you visit your property no matter how much reason you have to believe your property is empty. It’s important to follow contract legality because it can come back to haunt you if you need to take legal action on a tenant. With the ongoing pandemic and lockdown rules, people are choosing to isolate with their families and vacating their rented properties. This is particularly high in the student market as they have no tie to the rented area and no definitive answer if they will or need to return. Subsequently, there is a likelihood property abandonment will rise.