National Landlords Association
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Latest property news
Private landlords ‘rake in’ £9.3billion in housing benefit
The National Housing Federation (NHF) last week released data about the cost – borne by the taxpayer – of housing benefit, which has risen to £9.3billion, double the amount paid out 10 years ago and the Sunday newspapers knew that the public would be furious. Most of the Sunday papers inferred that the growth in costs was, once again, down to greedy landlords and unscrupulous agents who charge fees to tenants; once again ignoring the true situation, that there is a massive shortage of housing because councils and housing associations are not building enough social housing, builders are not building enough homes for people to buy and the Government’s Right to Buy scheme is removing more homes for the social sector than it is building. The view from the national press is that private landlords are getting rich quick, with their pockets lined by high rents paid by housing benefit. David Orr (left), Chief Executive at the National Housing Federation said: “It is madness to spend £9 billion of taxpayers’ money lining the pockets of private landlords rather than investing in affordable homes. “Housing associations want to build the homes nation needs. By loosening restrictions on existing funding, the Government…
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Associations & Bodies
NLA launches new campaign
The National Landlords Association (NLA) has launched its latest campaign, Reinventing Renting, which identifies opportunities for landlords to enhance their lettings businesses. Reinventing Renting is designed to help landlords transform their businesses into more successful profitable enterprises and it contains lots of useful resources, guides and presentations, including how to: Choose the right investment Improve financial planning Expand portfolios and maximise gains Reduce exposure to a range of risks associated with letting property, such as impending interest rate rises, rent arrears and rogue tenants. The campaign focuses on supporting landlords who are struggling to turn a profit by exploring different business approaches and tenant markets, while providing assistance for landlords looking to make their business more profitable. It comes as the Summer Budget and Autumn Statement announcements could seriously affect profitability within the sector. Reinventing Renting also defines some of the good and bad characteristics of being a landlord through its ‘Vogue or Rogue’ section. Carolyn Uphill, Chairman of the NLA, said:“As the leading landlord association we’re here to provide landlords with all the tools and information needed to make a success of letting. “Over the next few months, Reinventing Renting will look at some of the key issues for…
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Housing Market
Landlords see rise in tenant demand
Almost half of landlords in this country are reporting an increased demand for rental properties, according to the latest research by the National Landlords Association (NLA). Some 40 per cent have experienced a rise in tenant demand over the past three months, demonstrating just how important the private rented sector is in housing a growing number of people, the NLA said. The East of England witnessed the biggest net growth in tenant demand with a 48 per cent increase. This was closely followed by the South West – with 45 per cent increase – and the South East and outer London – with 41 and 40 per cent respectively. According to the research, just six per cent of landlords, on average, reported a decrease in tenant demand in the last three months. Landlords in the North East reported the largest net decrease in tenant demand of all the regions with a 15 per cent decline in demand, closely followed by 12 per cent in Wales and Yorkshire and 11 per cent in the North West. The research conducted by the NLA also found that 5 per cent of landlords will sell up following the Government’s plans to remove mortgage interest…
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