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UK landlord investment opportunities highlighted by research

Published On: November 24, 2022 at 10:38 am


Categories: Landlord News,Property News


New research by reveals the best areas for landlords to invest, based on average rental yields in each UK authority.

Rental yields were calculated by analysing the average house price and rent prices in each UK authority over the last year.

The best areas for landlords to invest

The website highlights that the best place for landlords to invest is Blackpool, based on the average property value and the average rent paid. The seaside resort has an average property price of just £140,108 and an average rent price of £550.

In second place is Barrow-in-Furness. The average property price in Barrow is £141,360, with an average rental price of £550.

Completing the top three is Burnley. It has the lowest house prices in the whole country, at £121,409, although average rents are also slightly lower than the two towns above, at £450.

RankLocal authorityAverage house priceAverage rentRent as % of average house price
5County Durham£130,414£4750.364%
7Barking and Dagenham£354,052£1,2750.360%
9Newcastle upon Tyne£195,610£7000.358%

The study also found that the UK authority with the biggest ten-year house price growth is Thanet. Average house prices here have increased from £146,322 in August 2012 to £332,070 in August 2022, causing a 126.95% increase.

Tips for taking in a lodger from

Published On: October 24, 2022 at 9:00 am


Categories: Lettings News

Tags: has provided tips for those considering taking in a lodger for the first time.

With the recent cost of living crisis, there can be financial benefits to renting out a room. also says that a lodger may also be a great source of company, and could even help out with the household chores.

Their top six tips are:

1. Check permission with your mortgage lender

If you are a homeowner with a mortgage, you may need permission from your lender before you rent out part of your property. It is rare that a lender will have an issue with you having a lodger, but still worth checking. However, if you are a tenant, the tenancy you hold will determine your rights. As standard, if you are renting from a private landlord, you should check your tenancy agreement to see what your landlord will permit.

2. Find a suitable lodger

There are many sites that will help you find a lodger, such as, and Social media is another great tool for finding a lodger, so take to Facebook, Twitter and Instagram and have your friends share the message too. Or you could go old-school and pop an ad in the local newspaper! To make sure your lodger is the right choice for you, consider making your advertisement as clear as possible, including everything you are looking for in a lodger and any specific wants or needs. It is also important to make sure anyone you are taking into your home does not pose a threat to your safety. Therefore, make sure you ask your potential lodger for references and set up a meeting with them before signing any agreements.

3. Write up an agreement

A written agreement will allow both you and your lodger to clearly understand the rights and responsibilities both parties should uphold. For example, the exact amount of rent to be paid, whom it should be paid to, the contract length and any break clauses.  As well as a general written agreement, it would also be a good idea to make an inventory of the lodger’s room. You could also take photos of the condition of both the room, and any applicable contents, such as furniture, before they move in.

4. Check the immigration status of your lodger

Even if you have a landlord, you are responsible for checking a lodger’s immigration status, as you could face a fine if they are found to be in the UK illegally. To do this, you either need to check your lodger’s original documents or view their rights to rent online if they have a ‘share code’. You’ll be able to find a detailed list of acceptable documents on the website and make sure to make copies of their documents.

5. Make sure your home is safe

If you are providing any furniture to your lodger, you will need to make sure it complies with fire safety regulations, so be sure to check all furniture labels. Gas regulations will also apply when taking in a lodger so any gas appliances will need to be checked yearly by an engineer who is registered with Gas Safe. Similar rules apply to electrical appliances, so you will need to make sure any kettles, toasters and other electrical appliances are safe to use.

6. Inform your home insurer

Although taking in a lodger will mostly benefit you financially, you might have to pay more in home contents insurance premiums. Therefore, it is important to inform your insurance provider, otherwise, your insurance could become invalid.

Kellie Steed, Mortgage Expert at, comments: “One way you can benefit from taking in a lodger is through the government’s Rent a Room scheme. This allows live-in landlords to earn up to £7,500 a year of tax-free cash, anything after that will be taxed. If you make less than the £7,500 threshold, then you don’t need to do anything and your tax exemption is automatic.

“However, if you earn above this threshold, you can opt into the scheme by letting HM Revenue & Customs know on your tax return, this way you can still claim your tax-free allowance. You can opt into the scheme at any time if you are a resident landlord and if you run a B&B or guesthouse.

“If you plan to rent out a room privately, the amount you can make really depends on the location of your property, its condition and the size of the room. To get a general idea, it is estimated that the current average for a double room in the UK is £90 a week.

“As well as charging for rent, you could also charge your lodger for council tax, utility bills, and even cleaning and food if provided. This would be a big help for those struggling with the rising costs of living on their own.

“If you are planning on buying a house in the near future, another great benefit of having a lodger is that this added stream of income can improve your affordability when applying for a mortgage. In turn, this might provide you with better deals and larger loans.

“However, you should be aware that not all lenders will take this into account given the short-term nature of having a lodger; it may only be the most flexible lenders that will look at the whole picture.

“It’s also important to note that taking in a lodger can affect any benefits you receive. If you receive means-tested benefits such as a Housing Benefit, the first £20 of weekly income from your lodger will be disregarded, as well as 50% of anything over £20 if you provide your lodger with food. “You will also remain responsible for paying council tax when taking in a lodger and will no longer benefit from the 25% single-person discount if you previously lived alone.”

Tips for letting student accommodation and investment hotspots

Published On: September 8, 2022 at 9:06 am


Categories: Landlord News,Lettings News,Property News

Tags: has provided landlord tips for letting student properties as the new academic year is about to begin.

The website’s key points are:

  1. Budget for the extra wear and tear that comes with student properties. Professional cleaners might be needed when each group of tenants moves out.
  2. Budget for furnishings and white goods, as student properties are expected to be furnished.
  3. Do your research around HMOs (houses in multiple occupation). These are properties with three or more tenants from different households and legislation can be dependent on the local authority.
  4. You’ll also have to take this into consideration when it comes to insurance, making sure that your policy covers an HMO.
  5. Make sure that your tenancy agreement is watertight and covers all the bases, such as how much notice is required if tenants want to move out.
  6. Consider asking for guarantors before reaching an agreement. You may even ask each tenant to provide their own guarantor.
  7. Invest in an area with a high level of students and look into potential rental yields.

A study from has highlighted hotspot opportunities for towns and cities with universities. It analysed the number of dwellings in each UK region in comparison to the total number of dwellings occupied by students. Exeter ranks top of this research, with over one in ten properties occupied by students.

The UK regions with the most student housing investment by private landlords

RankLocal AuthorityRegionTotal PropertiesStudent PropertiesStudent Properties (%)
1ExeterSouth West59,3296,47910.92%
2NottinghamEast Midlands142,67515,42210.81%
3Newcastle upon TyneNorth East136,63510,4707.66%
4OxfordSouth East62,4904,5697.31%
5LeicesterEast Midlands142,00310,2337.21%
6CanterburySouth East69,3764,0955.90%
7CambridgeEast of England58,9933,0285.13%
8YorkYorkshire & the Humber92,1144,5784.97%
9SheffieldYorkshire & the Humber255,24812,3304.83%
10SouthamptonSouth East109,9025,1824.72%