Tag Archives: rental

3 Million UK Homes Owned by Part-Time or Accidental Landlords

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3 Million UK homes owned by Part-Time or Accidental Landlords

One of the UK’s largest estate & lettings agents has just released research based on its own database of over 65,000 properties across England, Scotland and Wales. The research has found that 93% of registered landlords own just 1 property, putting this into perspective that’s 81% of all private rental stock in England, Scotland and Wales, somewhere in the region of 3 million UK homes.

Landlords owning just 1 property could be seen as part-time landlords or even accidental landlords and as such may not be fully up to speed with the ever increasing amount of red tape and legislation being forced onto the Private Rented Sector (PRS).

Part time landlords and accidental landlords, just like professional landlords and letting agents are expected to keep up with legislation such as Tenancy Deposit Protection (TDP) and changes to the Benefits System, such as benefit caps and the introduction of Universal Credit. They may even need to gain Landlord Accreditation in selective licensing zones all while holding down a day job!

So the role of the landlord is becoming increasingly more complex, that coupled with caps to housing benefit and record numbers of tenant evictions for rent arrears in 2014, and ever more demanding and time consuming. However, on a positive note rents are rising and so are house prices.

So what if a part time landlord or accidental landlord could remove the red tape, the complex legislation, tenant management, rent arrears, void periods and costly and time consuming eviction process, but still have the good bits of owning and renting property, would that be an attractive option?

Rent Guarantee Cardiff takes all the risk and the bad bits of renting property away from landlords, so they can concentrate on the good bits. Receive their rent on the same day each month knowing they will not experience any rent arrears, void periods or headaches evicting tenants, and still have their cake and eat it, the capital appreciation from house price inflation.

Rent Guarantee Cardiff can offer landlords in Cardiff and across South Wales up to 90% of the open market rent and increase your rental income by at least 20% per annum if they currently let their property through a traditional letting agent.

So if you would like all the bad bits taken away and still get the good bits, why not get in contact today.

Eliminating rent arrears caused by tenants using credit to pay the rent

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Eliminating rent arrears caused by tenants using credit to pay the rent

Research conducted by the Debt Advisory Centre has highlighted an alarming trend of UK adults borrowing money via credit cards and payday loans to pay their rent and mortgages. The survey found that 6.5% of adults have used some sort of credit or loan to pay the rent or their mortgage, what is even more worrying is the fact that this figure has double since August 2013.

The research also delves deeper as suggests that men are twice as likely as women to use credit to meet their rent or mortgage commitments and the figure rises to 10%, one in ten UK adults aged between 18 and 34.

Spokesman for Debt Advisory Centre Ian Williams said: “There is nothing more important than the roof over your head, so to learn that so many people feel they have to rely on credit to pay their mortgage or rent, and that this figure has risen, is extremely troubling.”

With credit card interest rates at around 30 per cent per annum and payday loan lenders charging thousands of per cent per year, it isn’t long before tenants relying on credit to pay their monthly rental commitments are able to pay and fall into arrears.

With the trend of tenants using lines of credit to pay the rent on the increase how can landlords across Cardiff and South Wales eliminate rent arrears?

An easy way is to contact Rent Guarantee Cardiff to discuss how we can guarantee your rental income ensuring the following:

  • You get paid your rent on the same day each month whether the tenant has paid or not
  • You receive your rent on the same day each month whether your property is tenanted or vacant

Rent Guarantee Cardiff is a specialist Cardiff Lettings Agency that provides all the same services as a traditional Lettings Agent but with no set up fees or management fees and we can pay up to 90% of the open market rent.

To discuss how Rent Guarantee Cardiff can offer you up to 90% open market rent and increase your rental income by at least 20% compared to a traditional Cardiff letting agent, complete the form below: