NLA Landlord Membership packages start from as little as £0.96* per week!
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Join the campaign against the Croydon Council’s ‘Tenant Tax’ 25th September 7pm...
25th September 7pm.
Gas Safe News | Nearly a million privately rented homes could be at risk.
Despite landlords having a legal duty to tenants to ensure all gas appliances and flues are safe, new figures from Gas Safe Register reveal private tenants are at greater risk from a gas explosion, fire, leak or carbon monoxide (CO) poisoning than homeowners.
NLA Mortgages has just launched an excellent buy-to-let exclusive with Hinckley & Rugby Building Society. The product is a 2.50% 2 year discounted product with a £1995 completion fee. There is a free valuation and no early repayment charges.
2.50% 2 year discount up to 75% LTV with a £1995 completion fee. There are no early repayment charges and a free valuation for properties valued up to £1,000,000.
If you would like to discuss your mortgage requirements, please contact the Support Team on 029 2069 5555.
‘I rented for years and I loved it — no responsibilities, no clearing of gutters. It left me free to actually enjoy my life.’
Do you agree with Kevin?
Rent, don't buy, urges TV host
Kevin McCloud who has presented Grand Designs since 1999 believes that the government's plan to build 250,000 new homes a year will fail, claiming the properties will be too poor quality to attract buyers.
How effectively do you manage your rental income?
Carolyn Uphill, NLA Chairman discusses the importance of planning and financial protection Having looked at our recent research it is quite worrying that more than a quarter (27pc) of landlords who...
Carolyn Uphill, NLA Chairman discusses the importance of planning and financial protection
Having looked at our recent research it is quite worrying that more than a quarter (27pc) of landlords who let out a single property break even or run at a loss, but with some good financial management and appropriate safety nets in place this can be avoided.
There are various reasons why a person becomes a landlord, from it being an investment opportunity to it being more beneficial financially to let a property than to sell. However if they are barely breaking even or are actually running at a loss landlords should step back and reassess how they are managing their business. It should be stressed that taking a professional approach to letting property and using all available help can make a huge difference.
Managing your portfolio
Keeping an eye on the outgoings as well as the income can be very useful in pinpointing any shortcomings. One of the many services that the NLA offers is our online rent management solution, Rent Manager. Like all of the NLA’s services, Rent Manager is designed by landlords, and aims to make the task of rent management much easier, saving you both time and money, no matter the size of your portfolio.
Using Rent Manger, which is free to full NLA members, allows you to:
- Set-up different tenancies for all tenant and property types e.g. HMOs, student lets, LHA tenancies, full property lets etc.
- Create rent schedules for tenants in properties/rooms
- Enter and keep track of full and partial rent payments
- Receive rent arrears alerts
- Record all tenant communications
After having put in place a rent schedule it will be much easier to act quickly and address any issues such as arrears. Leaving arrears for even a month or two without addressing it could come back and bite you as debt could potentially mount up to an unmanageable level leaving you out of pocket and with an even more difficult task of rectifying the problem without any further costs. We recommend that all landlords should budget for 10 months’ rent in a year in order to cover any periods of voids or arrears.
A tenant who can’t, or won’t, pay the rent is every landlord’s worst nightmare. Even when including a two month buffer in your budget, a landlord could still be faced with arrears, which is all the more concerning if the profit from the rental income is relied on for mortgage repayments. This is where a service such as the NLA’s Rent Protect could prove invaluable as it protects you if a tenant fails to pay the rent.
Rent Protect covers landlords for up to £2500 per month in unpaid rental income and it covers legal costs to help you in the recovery of unpaid rent.
This gives you peace of mind that you won’t lose out if your tenant can no longer pay the rent and will give you the time to consider your options.
For more information about Rent Protect visit http://www.landlords.org.uk/services/nla-rent-protect
Filed under: NLA
Croydon Council invited to justify 'tenant tax' | National Landlords Association
The National Landlords Association (NLA) has invited Croydon Borough Council to a meeting to justify proposals that could increase rents and diminish the availability of housing in the area.The invitation comes after the council began consulting on proposals to extend its property licensing scheme t…
Gas Safety Tips
Read our top tips on gas safety and make your home safe from the risks of gas safety.
Make sure you attend on Thursday for some great advice and to keep up to date on what's happening!
NLA Hastings & Rother Landlords Meeting | National Landlords Association
An update on local welfare changes, processing details, discretionary housing payment funding, council tax and other welfare benefit related issues.
why-fd | Fire Door Safety Week
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An in depth video highlighting the danger of carbon monoxide and how important it is to be 'Gas Safe' ahead of Gas Safety Week 2013.
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The NLA runs a one day course designed to assist both new and more experienced landlords to develop their professional skills with real value for money.
TOOL KIT | Fire Door Safety Week
Pledge your support here Click here to make your pledge for Fire Door Safety Week Download the logo Web ready logo (.
Effective Letting - Documentation and Deposits
Effective Letting (3)
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There are certainly plenty of companies in the marketplace vying for your money!We don't want to tell you who you should use but we do want to try and help you narrow your search for a supplier.
Full Individual Membership | National Landlords Association
Join the UK's leading independent organisation for private residential landlordsEver changing regulations, increasing competition, loss of rental income and problem tenants are just some of the issues which you could be facing as a landlord.
Controlling Condensation and Mould Growth - an NLA Guide
Information and advice for landlords, tenants and households on how to control condensation and eliminate unpleasant mould in residential properties. For mor...
NLA Mortgages | National Landlords Association
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Join us as a Free Landlord Associate | National Landlords Association
The NLA is committed to raising standards across the private rented sector. While we are primarily a membership organisation, we believe we should support all landlords who share our commitment to managing tenancies properly and professionally.