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Posts Tagged: National Landlords Association (NLA)

Rental Yields Concern Landlords

Based upon some research, it would appear that rental yields are concerning a number of landlords here in the UK. Many landlords are dependent upon the rental income to cover the running costs of the investment property such as meeting the mortgage repayments, paying for maintenance to the property, paying landlord insurance premiums and paying for the services of a letting agent to manage the property. Information has been produced by the National Landlords Association (NLA) that makes for interesting reading. The statistics reveal that the percentage of landlords who are happy to rely on a regular rental yield has reduced by 15% between Q2 of 2015 and Q2 of 2017. We are sure that you will agree that is a significant drop. This is interesting when you consider that the average rental yield has hovered in the region of 6% per annum for quite a number of years. Some research has been undertaken into the different average rental yields that are achieved in various regions around the UK. For instance, rental properties in East Midlands produced the greatest yield with an average of 6.9%. The North West of England was in second place with an average rental yield of…

London Tenants Look For Cheaper Rental Properties In The South East

According to information for the fourth quarter of 2016 held by the National Landlords Association (NLA), it would appear that some tenants who have been renting homes in the centre of London are looking to move out into the likes of the South East of England where no doubt the same sort of property can be rented for less money. Apparently, landlords have been reporting that there has been a fall in the interest shown by tenants in Q4 of 2016 in renting properties in central London when comparing the same quarter of 2015. There has been a drop of 28% – from 45% to 17% that we are sure that you will agree is a significant figure. In the South East, 40% of landlords have reported an increase in interest from tenants in renting a property in the final quarter of last year. It is interesting that only 5% of landlords that are renting out properties in London intend to buy additional investment properties to let out over the next three months. A year ago, this figure was 15%. This is very different to Yorkshire where 16% of landlords are planning to buy more properties to rent out in…

Large Percentage Of Tenants Would Relocate To Buy Home

Landlords may be interested to read that, according to the NLA Quarterly Tenant Panel – Q2 2016, a significant percentage of people living in rented accommodation would be prepared to relocate in order to purchase a home. This probably does not come as a surprise as there must be an awful lot of tenants that would love to own their own private residence for a variety of reasons. For instance, when you own your own property, you may see its value increase and you are able to decorate it how you like which may not be the case with a rented property. You may also require more living space perhaps due to the birth of a child which, if you are renting, is likely to mean that you need to find a larger property to rent whereas, if you own your home, an option may be to extend it. According to the above panel, 29% of people taking part in the survey, of which there were 941 respondents, said that they would consider relocating to a different city or town here in the UK so that they could purchase a property in which to reside. A further 27% of tenants…

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…

Landlords Are Concerned About Buy-to-Let Sector

Apparently, according to the National Landlords Association (NLA), a significant number of landlords are concerned about the future of the buy-to-let sector in which they operate. The confidence of many landlords is extremely low. In fact, so serious is the situation that matters are worse than how landlords were feeling when the last financial crisis took place a number of years ago. So much so that many are intending to sell their investment properties over the next year. The CEO of the above association informed those attending a meeting of the Building Societies Association (BSA) that based upon information contained in the most recent NLA Quarterly Panel survey in which a number of landlords participated that as many as half a million buy to let properties could be sold by landlords in the next 12 months. Furthermore, after that period, as many as 100,000 such properties could be sold off every year until 2021. So, in 5 years time there could be as many as 136,000 less buy to let properties available presumably when you take into account the likes of new landlords entering the lettings market and buying such properties for the first time. The announcements relevant to landlords…

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