NLA: Board director has resigned

The National Landlords Association (NLA) has announced the resignation of its board director.Sussanne Chambers was appointed to the board in May last year. She was then elected by her fellow members at the organisation's November annual general meeting in 2009.Ms Chambers will now move on to "an exciting new business venture"as managing director of [...]

Landlords ‘saw 7.6%’return in 2009

Landlords will "smile"at return rates revealed in today's LSL Property Services Buy-to-Let Index, it has been claimed. Policy manager at the National Landlords Association Chris Norris said: "Although rental yields may have dipped slightly during 2009, according to LSL, rent arrears were lower than the previous year and property prices are gradually climbing."An average [...]

‘Year for landlords’in 2010

Demand for property among landlords could increase in 2010 as low prices will offer up opportunities for investment. This is according to David Whittaker, managing director at Mortgages for Business, who explained that next year could be "the year for the professional landlord". However, he went on to say that due to new regulations that [...]

North ‘only region to see house price falls’

Private landlords who purchased buy-to-let property at the start of 2009 may welcome the latest figures from Nationwide. According to the financial services company, on average, house prices rose by 3.4 per cent over the year with the typical value now standing at £162,116. Greater London experienced the greatest growth of all regions in the [...]

Discretionary mover figures ‘decrease’

Landlords could offer services to those who would have previously purchased houses but are holding off thanks to the current economy.Hometrack announced that Britons are delaying purchasing a new house thanks to the uncertain property market.Richard Donnell, director of the company, said that the drop in buyers is because fewer discretionary movers are purchasing houses.Discretionary [...]

NLA supports housing allowance rethink

The National Landlords Association (NLA) has said it supports the government's assessment on tenants' rights to choose to pay rent directly to landlords.A report by the Department for Work and Pensions (DWP) published on December 16th recognised concerns over the payment of Local Housing Allowance (LHA) to customers.Housing charities and the NLA have said they [...]

Rics: Property demand exceeds supply despite price rise

Landlords may see an increase in the number of people looking to rent as demand for housing continues to outstrip supply.The Royal Institution of Chartered Surveyors (Rics) said that house prices continue to rise - despite the number of properties coming up for sale seeing a small increase.Strong interest from buyers was noted by the [...]

‘Fewer estate agencies than one year ago’

Landlords could see fewer letting agencies available to manage properties after research found a 16 per cent drop in UK estate agency offices than last year.It was revealed by the Local Data Company on December 14th that between October 2008 and 2009, 142 estate and letting agency offices closed down.Ed Mead, director at Douglas &[...]

ARLA: Challenging year ahead for landlords

The Association of Residential Letting Agents (ARLA) has predicted that 2010 will be a challenging year for the Private Rental Sector (PRS).Landlords may find opportunities in buy-to-let properties, but if unemployment continues to rise so will the number of tenants who cannot meet rental payments, the association reported.Property oversupply should decrease next year as a [...]

‘Thousands’concerned about meeting landlord rent payments

Some 400,000 Britons are falling behind with their landlord rent and mortgage payments, research from homeless charity Shelter has revealed.According to a report, dubbed Breaking Point, two million households are finding that meeting housing costs is a constant struggle.The study indicated that more than a quarter of householders in the UK are suffering mental anguish [...]