section 13

section 13

84% of landlords likely to consider increasing rents

11 July, 20162 Comments
New research from the Residential Landlords Association shows that private landlords are being forced to increase rents just to meet their mortgage obligations and other costs. Thanks to the Chancellor’s tax clampdown on buy-to-let, as well as rising letting costs, many landlords profits have been completely wiped out. Therefore rent hikes are the inevitable aftereffect
Read more

New restrictions on buy-to-let borrowing creates Section 13 onslaught

03 May, 20160 Comments
Following the Mortgage Works’s decision to limit the amount landlord investors are allowed to borrow, UK mortgage lenders across the board are expected to follow suit. Announced last week, from the 11th May (2016) The Mortgage Works will tighten their rental cover requirement (the amount a landlord needs to take in rents compared to the cost
Read more

New possession and rent rise forms introduced from tomorrow

05 April, 20161 Comments
Section 8 and Section 13 form updates for England come into effect from tomorrow. These changes concern drafting and clarity so are relatively minor, however it is important that landlords and letting agents do not use outdated documents to avoid potential possession hearings or invalid rent increases. Section 8 Update Used by many landlords when
Read more