Rental Property Demand Still Exceeding Supply The latest private rental sector (PRS) property index published by Your Move and Reeds Rains shows that average rental property prices in the UK are beginning to exceed £800 (GBP) per month, pushing PRS rental prices to a new record high. According to the report’s findings, PRS rents have [...]

Landlords Still Failing To Reference Tenant Applicants In the digital age that we live in, many landlords still fail to recognise that they no longer have to rely on gut instinct alone to get the best tenants they can into their rental properties. Advanced tenant referencing systems mean that the days of taking people on [...]

CML Data Shows Drop In Number Of Mortgage Arrears According to the latest data published by the Council of Mortgage Lenders (CML), the number of UK buy to let mortgage arrears and number of landlords facing repossession of their rental properties has fallen in the first quarter of this year. A decline was experienced in [...]

Tenant Referencing Helps Landlords Avoid Problem Tenants All landlords want the best possible tenants in their rental properties, but how do landlords and letting agents make sure that they are not allowing problem tenant’s into rental properties? All tenant applicants should be comprehensively tenant referenced as soon as they apply for a tenancy in private [...]

Research Reveals Concerns About Mortgage Affordability Checks New research by Equifax has revealed that many people are worried about the length of time it takes mortgage lenders to assess their ability to repay residential and buy to let mortgage loans, with some fearing missing out on property deals because of the length of time they [...]

The Importance Of Conducting Proper Tenant Referencing  And Background Checks On All Tenant Applicants  It is vital that UK private rented sector landlords conduct the proper tenant referencing and background checks on all prospective tenant applicants before granting a tenancy. Landlords need to know exactly who they are allowing to rent their properties and comprehensive tenant [...]

Advanced Tenant Referencing For Letting Agents And Landlords With rental properties in the UK private rented sector being chased by up to 10 applicants at a time in some parts of the UK, how do landlords choose who the best prospective tenant might be? Legal 4 Landlords are the UK’s leading provider of specialist products [...]

Mortgage Market Review Slowing Down Mortgage Approvals The introduction by lenders of the Mortgage Market Review is the biggest regulatory restructuring that the UK mortgage market has seen in recent years and is intended to test the continued affordability of borrowers. It’s introduction was intended to protect customers from over stretching their financial commitments in [...]

Mortgage Market Review Hits UK Property Market New rules for mortgage lenders came into effect on the 26th April 2014 requiring all potential borrowers to disclose even more detailed financial information. Even before it was officially launched the MMR scheme was affecting mortgage applications, with loan offers being heavily scrutinised and the process had lenders [...]

Landlords Urged To Be More Realistic With Rental Asking Prices With tenant demand for private rented sector (PRS) property easing due to the countdown to Christmas and New Year, it has come to light that many landlords have set rental asking prices that are beyond the affordability of many tenants. London-based property consultants have advised landlords to [...]