Private renters in arrears doubles during the pandemic according to Government data

The number of private renters in arrears in England has more than doubled during the pandemic, according ©1999 - Present | Parkmatic Publications Ltd. All rights reserved | LandlordZONE® - Private renters in arrears doubles during the pandemic according to Government data | LandlordZONE.

Private renters in arrears doubles during the pandemic according to Government data

The number of private renters in arrears in England has more than doubled during the pandemic, according to new government data.

The latest Household Resilience Study shows that in April-May, 7% of private renters were in arrears, up from 3% in 2019/20, amounting to more than 780,000 renters. Another 9% expect to fall behind with their rents over the next 12 months, despite private rents having fallen in real terms.

Rising bills

With more than a quarter (27%) of private renters having reported difficulties in meeting their heating costs in the same period, the National Residential Landlords Association has warned that with rising bills now adding to their burden, many renters will struggle to pay off Covid-related rent debts.

Chief executive Ben Beadle says that without a targeted package of support, many tenants run the risk of losing their homes needlessly. “The Chancellor needs to address this crisis,” he adds. “His continued failure to act signals to the private rented sector that the government simply does not care about the problem.”

Meanwhile, the Joseph Rowntree Foundation has urged Housing Secretary Michael Gove to make ambitious investment in social housing a key part of his strategy to fix the housing crisis after it found that 956,000 families in England are paying rents they can’t afford in the private rented sector. 

Adverse effects

Both findings come as a Shelter poll reveals the pandemic’s adverse affect on private renters’ mental health: 39% say their housing problems or worries have left them feeling stressed and anxious, 22% say these made them physically sick and 21% report that the problems have negatively affected their performance at work. The charity’s YouGov poll finds the most common problems plaguing renters’ mental and physical health include damp and mould – which affects 26% of all renters – being unable to heat their home (26%), constantly struggling to pay rent (21%) and fear of eviction (19%). 

©1999 - Present | Parkmatic Publications Ltd. All rights reserved | LandlordZONE® - Private renters in arrears doubles during the pandemic according to Government data | LandlordZONE.

Source : Landlord Zone More   

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£2.3 million for your property portfolio before Christmas? Here’s the company you need to sell all your houses in just 9 days

With just 10 weeks to go until Christmas, and the property market at a record high, it’s ©1999 - Present | Parkmatic Publications Ltd. All rights reserved | LandlordZONE® - £2.3 million for your property portfolio before Christmas? Here’s the company you need to sell all your houses in just 9 days | LandlordZONE.

£2.3 million for your property portfolio before Christmas? Here’s the company you need to sell all your houses in just 9 days

With just 10 weeks to go until Christmas, and the property market at a record high, it’s no wonder landlords are choosing this year as the year to sell their property portfolios, cash in and retire. And they’re bang on the money; we’re currently experiencing a market high that happens just once every 7 years, and the window to capitalize on the opportunity is rapidly closing.

This month Halifax reported that house prices were experiencing the strongest monthly rise recorded in 14 years. It’s undeniable: now is the time to sell your portfolios. It’s all about timing, and there’s no doubt that time has come. You simply might not get another chance like this again. But who can you trust to get the job done in days, or weeks, rather than months, and for the highest possible price?

There’s only one company who knows how to do it, and that’s exactly what happened for a landlord in Hastings who reached out wanting to cash in and sell. It seems almost unheard of, 24 flats sold for £2.256 million in just 9 days, yet here at Landlord Sales Agency it’s just another day’s work for our team of experts who’ve been helping landlords cash in their portfolios fast for the highest prices possible. The timing makes sense; landlords are seeing a huge opportunity to tap into equity levels boosted by the increases in property values.

But owning a portfolio brings its own issues: tenants who won’t leave, refurbs, mortgages, and for larger portfolios, the organisation required to get all of the properties onto the market and sold. Estate agents just don’t cut it. You need the professionals.

This is where we come in. Here at Landlord Sales Agency, we’re experts in selling portfolios, no matter what the property, in a matter of weeks and even days. Be it as a job-lot, or to several of our many eager buyers ready on our books, we’re getting whole portfolios sold faster than anyone else, and for higher prices than anyone else. What’s more, all you need to do is contact us, and our team of experts will do all the rest.

It’s a bold statement, but it’s exactly what we’ve been doing for hundreds of landlords. And you don’t have to take our word for it, our reviews do all the talking.

How we do it:

  • We have a ready-made list of hundreds of cash buyers ready to buy your portfolio for the highest price. Unlike estate agents or traditional auctions, we’re ready to go with buyers who want to buy from the moment you contact us.
  • We’re FAST, we sell in 28 days or less for 85% – 90% of the market value of your portfolio, or in less than a week for 80% of the value to our cash buyers who’ll buy the whole portfolio in one go. A huge bang for your buck for a super-fast sale.
  • Our team has 20 years of experience in selling properties, specifically for landlords.
  • Our experts have personally got over the line 2,500 houses just like yours.
  • We’ll sell your properties no matter what the problems, we’re experts in overcoming every single hurdle. It’s what we do best.

Be it tenant issues, mortgages, access issues, absolutely nothing is standing in our way from getting landlords the highest prices in record times. We’re a team who knows exactly what we’re doing.

So contact us today, and let’s get it done for you. There’s no doubt about it, there’s never been a better time to sell up and cash in than right now.

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©1999 - Present | Parkmatic Publications Ltd. All rights reserved | LandlordZONE® - £2.3 million for your property portfolio before Christmas? Here’s the company you need to sell all your houses in just 9 days | LandlordZONE.

Source : Landlord Zone More   

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