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Monthly Archives: May 2016

High Percentage Of Rental Properties Vacated Early

The National Landlords Association (NLA) has recently published some figures relating to the percentage of investment properties that were let out around the UK that have been vacated prematurely by tenants. If you are a landlord and have not encountered such an issue then you may be surprised at just how serious the problem has been. Apparently, across the UK, 36% of landlords have been faced with a tenant leaving the rental property without letting them know and before the tenancy agreement has come to an end. When a tenant takes such action it is probably often due to the fact that they have got behind with their rent. The percentage of landlords that have had a property abandoned has been broken down on a regional basis as follows: – North East 58% Wales 56% North West 51% East Midlands 49% Scotland 48% Yorkshire & Humberside 39% East England 38% West Midlands 37% South East 35% London 33% South West 31% As you can see, it is the North East that has encountered this problem more than anywhere else in the UK closely followed by Wales with 58% and 56% respectively of landlords having been faced with dealing with rental…

Average Rental Values Increase

If you are a landlord then you will no doubt wish to maximize the rental income that you receive on your investment property. You will probably look to periodically increase the rent that your tenants pay. You may be interested in what is happening to rental values around the UK so the following information extracted from the HomeLet Rental Index should hopefully prove informative. The rental amounts relate to new tenancies for the month in question obtained from their reference service for tenants. Apparently, in April 2016, the average rental value in the UK for properties outside London amounted to £764 pcm. In April 2015 the amount was £728 pcm so we have seen an increase of 5.1% in the last 12 months. It is interesting that in Greater London the average rental value has increased by 7.7% when comparing April 2015 with April 2016 to £1,543 pcm. The biggest % increase was witnessed in Scotland where rental values went up by an average of 11.4% in the 12 months between April 2015 and April 2016. In the North West average rental values actually dropped by 1% when comparing April last year with April this year. The West Midlands saw…

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