Universal Credit is rolling out across the UK, with huge consequences for landlords and tenants – yet many are still in the dark about what the new benefit system means for them. Continue reading “8 Things Landlords NEED to Know about Universal Credit”
Bad news for London renters, who find themselves at the bottom of yet another quality of life table!
Using our data as UK’s largest letting agent, we revealed how much floor area £100pcm can rent you across England & Wales. Continue reading “£100 a month won’t rent you a shed in London! [DATA]”
On 1 December, Scottish landlords will no longer be able to sign a new Short Assured Tenancy. Instead, they will have to sign a new type of agreement to create a tenancy: the Private Residential Tenancy. Continue reading “New Tenancy Rules in Scotland End No-Fault Evictions”
The Government has published a Draft Bill with plans to make big changes to how landlords can let properties in England. At the centre of the plans is a ban on tenant fees.
We’ve launched a new Rent Calculator! It tells you the rental value of any property, anywhere in the UK. Simply enter your postcode plus a few details.
Landlords! Find the perfect rental price in seconds
Tenants! Easily research rental prices across the UK
[Update: The Draft Tenant Fee Ban has been published! Check it out here.]
Tenant referencing checks may seem like a long and daunting process, but there is nothing to worry about as long as you are honest when filling out the details.
Tenant referencing helps the landlord learn more about your financial situation and employment status so that they can determine if you’ll be able to pay the rent in full and on time. Being referenced shows that the landlord is professional and takes their responsibilities seriously. Continue reading “How to Speed Up Tenant Referencing”
Two Kinds of Deposit Protection Scheme
There are two kinds of scheme that landlords can use to register a rental security deposit: custodial and insured.
The main difference between them is simple. Under a custodial scheme, the money is held by the scheme provider; under an insured scheme, the landlord can keep the money in their own bank account during the tenancy.
Confused about rental fees? There’s holding fees, security deposits, a month’s rent up front, admin fees… and that’s all before you’ve even managed get your hands on the keys!
For tenants, it can feel like all parties are trying their best to extract a share of your hard-earned cash.
A Failed Rental Reference Doesn’t Mean the End of the Road
It sounds confusing, but just because a tenant fails referencing or a credit check, it doesn’t necessarily mean that letting your property to them is a bad idea.
Finding the right tenants is the main challenge of being a private landlord, and referencing is the best tool at your disposal. But the Pass or Fail on your referencing report isn’t the be all and end all of whether an enquiry will turn out to be a good tenant.
Here to take us through just how to interpret the result of your referencing report is Priya Gill from UK referencing company Rentguard.