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Find out what's happening in your area! #PRS #property #landlords http://www.lan...

Facebook - 4 hours 35 min ago
Find out what's happening in your area! #PRS #property #landlords
http://www.landlords.org.uk/in-my-area

While many landlords choose to let & manage their properties themselves, for oth...

Facebook - 7 hours 14 min ago
While many landlords choose to let & manage their properties themselves, for others using an agent can be essential.
http://www.landlords.org.uk/support/find-agent


Finding and Using a Letting Agent | National Landlords Association
www.landlords.org.uk
While many landlords choose to let and manage their properties themselves, for others using an agent can be essential. The following are some of the key indicators that agents may be a good idea: You live too far away from the property and cannot easily show it to prospective tenants or manage the p…

New database names and maps private landlords convicted under Housing Act Datab...

Facebook - 18 December 2014 - 2:08pm
New database names and maps private landlords convicted under Housing Act

Database provides private renters with the first at-a-glance guide to landlords and letting agents who have been prosecuted

http://www.theguardian.com/society/2014/dec/17/new-database-names-maps-private-landlords-convicted-housing-act?CMP=twt_gu


New database names and maps private landlords convicted under Housing Act
www.theguardian.com
Database provides private renters with the first at-a-glance guide to landlords and letting agents who have been prosecuted

Student founded firm Glide joins Britain’s fastest- growing businesses. Glide’...

Facebook - 17 December 2014 - 3:05pm
Student founded firm Glide joins Britain’s fastest- growing businesses.

Glide’s mantra is; bills made simple, life made simple. Offering students, professionals and business customers one single monthly bill to cover all their utilities and portfolios. Glide exists to take the pain and stress out of utility bills, to give their customers the time to get busy doing the things they want to be doing. This approach, together with their technologically advanced billing infrastructure, has earned Glide its market leading position.


Our campaign, Rent Risk Resolve kicks off with a look at rent arrears. Rent ar...

Facebook - 17 December 2014 - 9:10am
Our campaign, Rent Risk Resolve kicks off with a look at rent arrears.

Rent arrears are a real concern for many landlords across the UK. Our research shows a third of landlords (32 per cent) say they have experienced rent arrears in the last 12 months.

Have a look at our latest blog which looks at the risk of rent arrears: http://nlauk.wordpress.com/2014/12/16/nla-launches-new-campaign-rent-risk-resolve-part-one-rent-arrears/


Rent - Risk - Resolve | National Landlords Association
www.landlords.org.uk
At the NLA we believe that risks are inevitable and are faced by landlords of all shapes and sizes. Whether you have a large portfolio and your lettings are your primary business or you see letting as a supplement to your income, you will still need to deal with the risks that come as part and parce…

NLA launches new campaign: Rent Risk Resolve – Part one: rent arrears

NLA Blog - 16 December 2014 - 1:33pm


As the UK’s leading representative body for landlords, it is important that we confront the issues that are important to our members. Our latest campaign seeks to raise awareness of the potential risks involved for landlords when running a letting business.

Rent Risk Resolve aims to highlight four of the biggest risks facing landlords and help you to minimise the impact on your lettings business:

  1. Rent arrears
  2. Rising interest rates
  3. Local landlord licensing and regulation
  4. The introduction of rent controls

As part of the campaign, we’ve created new guides to highlight the importance of taking a best practice approach to help ensure happy, healthy tenancies for everyone involved. Adopting best practice at every stage of the letting cycle will reduce the likelihood of issues occurring. 

Rent arrears

Our campaign kicks off with a look at rent arrears.  Rent arrears are a real concern for many landlords across the UK. Our research shows a third of landlords (32 per cent) say they have experienced rent arrears in the last 12 months.

On average a typical landlord with rent arrears has two tenants in arrears, and faces £1,649 of outstanding rent, so the potential impact can be devastating on both the business and personal life. It can seriously impact your ability to pay the mortgage and if left unchecked can spiral out of control causing a great deal of stress. Remember, only a court may end a tenancy agreement on the basis of non-payment of rent and even then, vacant possession is only guaranteed following two months of accrued debt and the grant of a warrant for possession.

So what can you do? Prevention is the first step to coping with rent arrears. It is very difficult to predict whether a tenant will get into arrears, but there are a number of common-sense steps that can reduce the risk of encountering arrears or at least make it easier to spot the danger signs early on.

Prevention

The best way to mitigate the risk of rent arrears is to factor the potential cost into your planning as early as possible. A good rule of thumb is to plan for 10 out of 12 month rent to allow for a sufficient margin for the majority of unexpected costs or moderate non-payment.

Doing a thorough tenant check can mean the difference between being stuck in a nightmare situation where your investment is costing you money and a successful happy tenancy for everyone.

There are also a wide variety of landlord insurance products on the market, to help reduce your financial exposure to non-payment of rent. Another option may be to consider insisting upon a guarantor; i.e. a third party who agrees to cover any non-payment on behalf of your tenant. It is also essential to ensure that you are sufficiently covered at the end of the initial fixed term, as some guarantor agreements can be ambiguous about continued liability.

A strong working relationship is important at every stage of the landlord tenant relationship, but is absolutely essential if problems are beginning to surface. 

Action

Monitor receipt carefully, and as soon as a rent payment is late, speak with your tenant. Depending on the reason for the late or non-payment, it may be possible or advisable to negotiate a repayment plan, which brings the arrears back under control. If the problem looks likely to become long-term you may wish to discuss whether your tenant wishes to continue with the tenancy.

If the worst has happened then you will be reliant on the courts to grant possession and potentially make a financial award to help you recoup some of your losses. It is important to ensure that you observe proper process at all times and avoid mistakes when it comes to court action.

You must be very careful not to pressurise tenants into agreeing to end a tenancy, as this could be perceived as harassment and or illegal eviction, both of which carry criminal sanctions.

For a more in-depth look at the issue of rent arrears download: A landlord’s guide to rent arrears. It enables landlords to spot potential arrears early and provides strategies to put in place to mitigate the impact. To find out more about the campaign, or to download the free guide, visit www.landlords.org.uk/rentriskresolve


Filed under: Campaign, NLA Tagged: advice, Campaign, Rent Arrears, RentRiskResolve, Risk

We have just launched our new ‘Rent Risk Resolve’ campaign. It will look at some...

Facebook - 16 December 2014 - 1:03pm
We have just launched our new ‘Rent Risk Resolve’ campaign. It will look at some of the key risks faced by landlords in the private rented sector and arm you with the guidance and information you need to be able to deal with these before the time comes!

http://www.landlords.org.uk/rentriskresolve?nla_referral=RRRFB


Rent - Risk - Resolve | National Landlords Association
www.landlords.org.uk
At the NLA we believe that risks are inevitable and are faced by landlords of all shapes and sizes. Whether you have a large portfolio and your lettings are your primary business or you see letting as a supplement to your income, you will still need to deal with the risks that come as part and parce…

Learn how regular communication with you tenant can help towards a happy tenancy...

Facebook - 15 December 2014 - 8:08am
Learn how regular communication with you tenant can help towards a happy tenancy for both.
https://www.youtube.com/watch?v=iUZ7IB2uCcg&list=UUOcbeDTjkjsiCTvK49nXYDQ

Our members say that the Advice Line is one of their most valuable benefits - ht...

Facebook - 14 December 2014 - 11:00am
Our members say that the Advice Line is one of their most valuable benefits - http://www.landlords.org.uk/advice-line


Telephone Advice Line | National Landlords Association
www.landlords.org.uk
Do you have an issue with your lettings?

Need to remind tenants that a property inspection is due? Get free NLA forms & n...

Facebook - 13 December 2014 - 4:13pm
Need to remind tenants that a property inspection is due? Get free NLA forms & notices to help manage any tenancy.
http://www.landlords.org.uk/services/nla-lettings-and-property-management/forms


NLA Forms | National Landlords Association
www.landlords.org.uk
NLA Associates recieve full access to our expanding range of editable online tenancy agreements, forms and letters for FREE.

£30m of new Green Deal Home Improvement Funding! For more information please c...

Facebook - 11 December 2014 - 8:50am
£30m of new Green Deal Home Improvement Funding!

For more information please call 0800 779 7700 or email greendeal@landlords.org.uk

http://www.landlords.org.uk/news-campaigns/news/keep-it-coming-nla-comments-on-new-green-deal-funding

https://www.gov.uk/green-deal-energy-saving-measures/overview


Keep it coming: NLA comments on new Green Deal funding | National Landlords Association
www.landlords.org.uk
Commenting on the availability of £30m of new Green Deal Home Improvement Funding (GDHIF), Richard Lambert, Chief Executive Officer at the National Landlords Association (NLA), said: “The reopening of the GDHIF is a positive step and clear evidence that the government has learned from previous mist…

Stay safe this festive season – don’t let fire ruin your Christmas wp.me/pJhLb-sz

Facebook - 10 December 2014 - 3:09pm
Stay safe this festive season – don’t let fire ruin your Christmas wp.me/pJhLb-sz


Stay safe this festive season – don’t let fire ruin your Christmas
nlauk.wordpress.com
While fire safety is important all year round, the festive period can increase the chances of fire due to a number of factors such the use of candles, Christmas lights and heaters. While they are g...

Stay safe this festive season – don’t let fire ruin your Christmas

NLA Blog - 10 December 2014 - 11:44am

While fire safety is important all year round, the festive period can increase the chances of fire due to a number of factors such the use of candles, Christmas lights and heaters. While they are great for creating the perfect festive atmosphere they do carry some risk.

Many will also be sitting back and relaxing, perhaps with a tipple or two, over the holidays but the fact is the risk of accidents is greater after drinking alcohol, so make sure you take the necessary precautions to ensure an accident free Christmas period.

According to research carried out by Lloyds TSB, fire damage increases by more than two thirds over Christmas. So to raise awareness of the extra hazards that are present around Christmas and to ensure you avoid any devastating effects, here are a few tips which you can share with your tenants to help guarantee a happy and healthy Christmas.

Always ensure that you have a working smoke alarm

  • Test your smoke alarm on a weekly basis, don’t neglect to do this over the busy festive season.
  • Never remove the batteries from your smoke alarm, even if you have new toys waiting to be charged. Many rental contracts will state that you should not remove the batteries from safety alarms and some contracts even state that bonds will not be returned if batteries are removed.

Secure decorative lights to ensure electrical safety

Fairy lights and Christmas tree lights don’t get used very often, so you should make sure they are in good working order before using them:

  • Renew old Christmas lights as newer lights meet much higher safety standards. Remember to check older lights for damages and check they have the correct fuse in place as well as replace any bulbs that blow. You want to avoid Christmas tree fires at all cost.
  • Don’t let the bulbs touch anything that can burn easily, like paper or fabrics and other Christmas tree decorations.
  • Always turn Christmas tree lights off when you leave the property and for at least half an hour before going to bed. And to save electricity, remove the plug from the socket too.
  • Be sure to keep trailing cables and wires tucked away neatly – knots in wires can cause surges in power and could cause items such as Christmas lights to fuse.
  • Never overload electrical sockets.

Avoid fire hazards

  • You should also take care to keep ribbons, festive decorations made of tissue paper or cardboard, and greetings cards away from heaters, lights, fireplaces and candles.
  • Never leave a candle unattended for long periods of time.
  • Never leave cooking unattended and try to avoid cooking while drunk.
  • If you are planning to have fireworks as part of your celebrations, always plan ahead and ensure the display is a fair distance from the property.
  • Plan an escape route and make sure your guests know too.

For more advice and guidance on health and safety, you’ll find chapters on fire safety, gas, electricity, furniture and personal safety in the NLA’s online library.


Filed under: NLA, safety, tips Tagged: advice, Christmas, fire, gas safety

NLA Mortgages new buy-to-let remortgage products. 1.99% 2 year fixed rate up to...

Facebook - 8 December 2014 - 4:15pm
NLA Mortgages new buy-to-let remortgage products. 1.99% 2 year fixed rate up to 60% LTV and a 2.35% 2 year fixed rate up to 70% LTV - free valuation and free legals.

http://www.landlords.org.uk/services/nla-mortgages


NLA Mortgages | National Landlords Association
www.landlords.org.uk
NLA Mortgages Please read the information below to find out more about finding a mortgage or remortgage to suit your needs and how to apply. Step 1 - Loan Requirements The first section allows you to enter your basic mortgage details including the purchase price, loan required and the expected renta…

Government listens to NLA's case for stamp duty reform. http://www.landlords.or...

Facebook - 3 December 2014 - 2:15pm
Government listens to NLA's case for stamp duty reform.

http://www.landlords.org.uk/news-campaigns/news/nla-make-landlords-case-ahead-autumn-statement

Commenting on the Chancellor’s intention to immediately reform stamp duty land tax (SDLT), Richard Lambert, Chief Executive Officer at the National Landlords Association (NLA), said:

“We are delighted that the Chancellor has listened to the NLA and recognised the inequity of the SDLT ‘slab’ system. The NLA has argued for many years that a progressive system would offer a fairer and far less distorting means of taxing property purchases.

“What’s more important is that the introduction of a straightforward marginal system of taxation will mean private landlords will now not only face lower costs when acquiring property, but also have funds to implement property improvements and keep rents down.”

http://www.landlords.org.uk/news-campaigns/news/nla-welcomes-stamp-duty-reform#sthash.uCQ1NXSv.dpuf

'Right to rent' checks start in West Midlands http://www.bbc.co.uk/news/uk-engl...

Facebook - 1 December 2014 - 1:08pm
'Right to rent' checks start in West Midlands

http://www.bbc.co.uk/news/uk-england-birmingham-30251741

If you want to know more about what is required of you have a look at our fact page: http://www.nlatenantcheck.org.uk/righttorent.aspx


'Right to rent' tenant checks start
www.bbc.co.uk
West Midlands landlords must check prospective tenants' right to be in the UK if they want to avoid a possible fine of up to £3,000.

Lack of support halts revenge evictions bill http://www.landlords.org.uk/news-c...

Facebook - 28 November 2014 - 3:16pm
Lack of support halts revenge evictions bill

http://www.landlords.org.uk/news-campaigns/news/lack-support-halts-revenge-evictions-bill


Lack of support halts revenge evictions bill | National Landlords Association
www.landlords.org.uk
Commenting on the failure of the Tenancies (Reforms) Bill to progress past second reading in Parliament today, Richard Lambert, Chief Executive Officer at the National Landlords Association (NLA), said:“The NLA has always been concerned that there is not the weight of evidence to justify the need fo…

Would you like to be covered for unpaid rental income of up to £2,500 per month?...

Facebook - 28 November 2014 - 9:57am
Would you like to be covered for unpaid rental income of up to £2,500 per month? #PRS #Lettings #management
http://www.landlords.org.uk/services/nla-rent-protect


NLA Rent Protect | National Landlords Association
www.landlords.org.uk
It covers you for up to £2500 per month in unpaid rental income and it covers legal costs to help you in the recovery of unpaid rent.

MPs to debate ban on 'revenge evictions' as growing army of accidental landlords...

Facebook - 27 November 2014 - 11:33am
MPs to debate ban on 'revenge evictions' as growing army of accidental landlords are warned they risk breaking the law

Will this bill become a tool for misuse in the hands of those intent on gaming the system?

Is bringing in new legislation the right way to deal with the bad landlords?

http://ow.ly/EYGo7


MPs to debate ban on 'revenge evictions'
www.thisismoney.co.uk
Tenants complaining about serious problems with their rented property would enjoy greater protection from 'revenge evictions' under proposed legislation to be debated by MPs on Friday.
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