Blog - Residential lettings
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Are alarm bells ringing?
Monday, September 14, 2015
They should be! New legislation means that residential landlords in England have until October 2015 to install working smoke and CO alarms in all of their rental properties. Whilst many landlords already comply with this requirement, it adds to an already complex list of items that landlords must comply with, although it will be the tenant’s responsibility to test the alarm regularly.
Rent arrears rise in June
Monday, August 17, 2015
As a landlord you may be somewhat concerned by a new report indicating that there was a sharp increase in rent arrears in the UK during June. The survey, compiled by Your Move and Reeds Rains, suggests that rent arrears made up 8.7% of all rent payable last month, a figure noticeably higher than the 7.6% recorded in May 2015, and 7.8% in June 2014. If the spectre of rent arrears is keeping you awake at nights, call us and we can set your mind at rest.
Maintenance stress? Relax and let us do the work.
Tuesday, August 4, 2015
In a recent survey by Ocean Finance, over half of tenants reported problems within the last year ranging from poor maintenance to breaches of contract. The biggest problem, for 15% of tenants interviewed, was their landlord’s failure to fix issues such as a leaking roof or damp. Other problems included broken furniture, faulty appliances and money disputes. Some of the problems were simply because the landlord was too busy to address the problem quickly. At The Frost Partnership we help with all the stressful aspects of letting a property from finding suitable tenants, to routine maintenance and complying with legislation.
Cutting the commute
Thursday, July 23, 2015
A recent survey suggests that the average British worker spends a staggering 11 working weeks every year commuting to and from work. So it’s no surprise to find that workers with lengthy commutes are increasingly looking for rental properties with great transport connections. Simply by moving to a new home they could cut down the time and money spent in their cars or on trains and buses.
Landlords wanted as rental demand outstrips supply
Friday, July 10, 2015
Demand for UK rental property has increased dramatically in the last year and latest reports from ARLA (Association of Residential Letting Agents) suggest that demand has now "seriously outstripped supply". Home ownership is financially out of reach for many people, so private renting is now the norm for millions of families.
Ready to Let?
Friday, June 26, 2015
The rental market looks rosy for landlords and with high demand for rental properties, now is a great time to let. House prices are still increasing so while your rental property is generating a monthly income for you, it’s also likely to be appreciating in value. Increasingly tenants are seeking better value for money by moving out of central London to areas within easy commute, and at The Frost Partnership, we have a waiting list of quality tenants looking for properties of all types from one bedroom apartments to five bedroom family homes.
