Upad, the online lettings company, partners with Telegraph Media Group to launch Telegraph Private Lettings

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92% of tenants are now searching online for properties and over half would prefer to meet their landlord. To meet these changes in a growing market, Telegraph Media Group (TMG) has partnered with Upad, the online lettings company, to launch Telegraph Private Lettings.

The new service available at Telegraph.upad.co.uk will provide professional and ‘accidental landlords’ across the UK with a quick and efficient way of finding tenants, ensuring vacant properties are filled and void periods minimised.

With almost half of UK private landlords now no longer using traditional high street letting agents, Telegraph Private Lettings has embraced Upad’s revolutionary model tailored to self-managing landlords, to find and secure tenants. 

James Davis, CEO and Founder, Upad, said: “We are very proud to announce the launch of Telegraph Private Lettings. We have for some years now believed in a better way of letting properties, putting landlords and tenants directly in touch with each other and it’s brilliant to have such a respected media brand such as TMG support our way of doing things. I have no doubt that Telegraph Private Lettings will be hugely popular with today’s landlords across the UK.”

Telegraph Private Lettings offers landlords a complete lettings service for a flat fee of only £299 (+ VAT) which includes professional photography and a floor plan, a ‘To Let’ board erected outside the property and advertising across all major UK lettings sites as well as comprehensive tenant referencing, drawing up of the tenancy agreement, deposit registration and crucially, rent collection.

Having let over 4,000 properties over the past 12 months alone, with an average of 16 tenant enquiries per property, readers will benefit from Upad’s market leading expertise in online lettings as well as a customer service rated five star by other landlords.

In addition Telegraph readers who register with Telegraph Private Lettings will also receive an exclusive £40 gift card redeemable against their next property listing.

Nigel Leigh, Head of Digital, TMG, said: “We have seen a marked increase in interest in lettings from our readers in recent times and with the current state of the housing market it’s only going to rise further; it is for this reason that we believe the time is right to launch Telegraph Private Lettings.

“As ever, we strive to offer the very best services to our readers and that is why we have chosen to partner with Upad whose solid track record, numerous industry awards and five star customer reviews make this a brand you can trust to deliver.”

For more information about Telegraph Private Lettings please visit Telegraph.upad.co.uk   or contact Charlotte Ashton at AB Property Marketing on charlotte@abpropertymarketing.co.uk or call 020 3137 8035.

 

Forget Generation Rent, renting from cradle to grave becomes an ever more likely prospect for millions

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Dubbed “Generation Rent”, it seems that nowadays more Britons are renting than buying property in the UK with The Joseph Rowntree Foundation predicting recently that 1.5 million extra 18-30 year-olds will be priced out of buying property over the next eight years. With this in mind, it appears that the idea of renting from “cradle to grave” is becoming ever more likely.

According to a study by the Association of Residential Letting Agents (ARLA), tenants are staying longer than ever in their rental properties with the average tenancy in the UK now at a record high of 20 months.

Meanwhile many letting agents have seen an adjustment in the type of tenant enquiries they receive. No longer just attracting young, single people, ARLA discovered that around 55% of enquiries now derive from couples or young families. Disturbingly, millions of British families are entering a period in which renting becomes the norm as banks refuse to lend, house prices rise and wages drop with a report commissioned by the Resolution Foundation and Shelter from Cambridge claiming that over the past five years, there has been a massive 86% increase in families with children renting their homes.

However, it’s not just families who are settling for rental accommodation. HomeLet, the UK´s largest supplier of referencing to the lettings industry recently discovered that the percentage of tenants aged between 66 and 70 who have moved into rented accommodation from home ownership has increased by 41% compared to a year ago.

James Davis, CEO of UK lettings specialist Upad comments,

“It seems that more and more people are continuing to rent and could be for some time. For the average Joe, we often start our adult lives living in rented accommodation with the hope of buying our own home later down the line; however the credit crunch and high house prices have forced many potential homebuyers to remain as tenants and this doesn’t look set to change anytime soon.

“The figures really do speak for themselves with 18-30 year olds and families being priced out of the property market, struggling to raise enough for a deposit while older individuals downsize from home ownership into private rental accommodation as pension income and investments fall and reliance on the equity released from selling their homes becomes even greater. We really are renting from cradle to grave.”

It seems as though people’s attitude towards home ownership is shifting as it begins to look more and more like an unattainable aspiration. Data compiled by SpareRoom.co.uk recently showed that 48% of people admitted they would be happy to rent long-term if only there was less pressure in the UK to own a home.

Davis comments,

“For many hopeful property buyers in the UK, the dream of owning a home is looking like it could be exactly that – a dream. Unfortunately, people’s attitudes have had to change as Britons acknowledge renting as a “way of life”.

As one of the UKs largest and fastest growing letting agencies, Upad specialise in helping professional tenants rent properties from landlords directly by allowing landlords to manage their own viewings. Last year alone, 107,000 tenants asked Upad for help finding a home.

Upad’s tenant-finding services start from just £99 + VAT per property with an even cheaper rate for rooms. For more information please contact Upad, on 0333 240 1220 or visit www.upad.co.uk.

 

UK lettings specialist Upad names former Marketing Director at Sony Computer Entertainment UK, their head of marketing

United Kingdom

Expert UK lettings specialist Upad has named former Marketing Director at Sony Computer Entertainment UK, Alan Duncan as their new head of marketing. Starting this month, Alan will be responsible for the strategic planning and execution of communications at Upad, helping the already highly successful online lettings agency propel its brand further.

Having earned himself a BA Honours degree in English Language & Literature and completing a Masters in marketing at Kingston Business School, Kingston University, Alan has since established an impressive resume of skills and experience in the fields of marketing, communications and product management.

Working with industry leaders at Sony Computer Entertainment UK, Alan, through passion, hard work and determination climbed his way up the ladder from Product Manager to Marketing Director of the company.  

As Marketing Director, a position Alan held for just over 7 years, he was able to achieve some astonishing successes for the company. From project managing the launch and development of the PSP, PlayStation 3 and PS Vita platforms to devising and launching “The Game is Just The Start” brand campaign which saw a 250% increase in PS3 sales, Alan’s proven track record of achieving commercial success through innovative strategies and campaigns speaks for itself.

Alan now embarks on a new and exciting challenge at Upad where he will use his knowledge and expertise to continue the reinvention of the world of lettings.

Alan Duncan comments,

“I am thrilled to be joining the team at Upad. The idea that landlords are better at conducting property viewings than estate agents is essentially what Upad is built on. My job is to extol the virtues of self-service online lettings through strategic planning and innovative thinking. They’re re-writing the rules in this highly competitive and rapidly expanding arena and this represents the perfect challenge for me.”

As one of the UKs largest and fastest growing letting agencies, Upad specialise in helping professional tenants rent properties from landlords directly by allowing landlords to manage their own viewings. Last year alone, 107,000 tenants asked Upad for help finding a home.

Upad’s tenant-finding services start from just £99 + VAT per property with an even cheaper rate for rooms. For more information please contact Upad, on 0333 240 1220 or visit www.upad.co.uk.
 

Is your sex letting you down? Over half of UK landlords care about the gender of their tenants

United Kingdom

Finding a place to rent can be hard enough but what if your sex was a deciding factor in whether you get your foot in the door of your potential new pad? According to new survey data from expert online lettings agent Upad, over half of UK landlords care about the gender of their tenants.

Asking 885 landlords in their latest survey, Upad discovered that the sex of a tenant was a genuine concern for 57.4% of respondents with James Davis, CEO of Upad commenting,

“Who’s the better sex – men or women is probably one of the oldest debates in the book. Like it or not, gender can sometimes be a deciding factor in whether a person makes the cut even in the rental arena. In our survey, we really wanted to see if the sex of a prospective tenant actually matters to landlords and from our research it appears that it does.”

When asked “who makes the best tenants?” it seems that gender stereotypes still apply with one respondent explaining:

“Men make better tenants. They can (usually) change light bulbs, they know how the central heating works, and they’re more likely to carry out minor repairs than women. Men are more easy going, they take care of the small things – generally they just want a roof over their heads.”

Meanwhile, speaking in favour of female tenants one respondent commented:

“On average, females are tidier which means less maintenance. Females also seem to like their outside space being picturesque and generally do more in the garden – cutting the lawn and keeping it tidy. Females are also more in control of finances then males, I find I get on time payments from female tenants and they are also more likely to stay put.”

A landlord himself, Davis remarks,

“Based on our findings it seems that the majority of landlords have a gender preference with the typical typecasts of men being good at general maintenance and women being clean and tidy still very much in association. However, what was interesting was the fact that while men and women can be penalised for various different reasons, it seems singletons are in the firing line as well. When we asked landlords “who makes the best tenants?” a number explained that they were more in favour of couples as both parties fulfil certain jobs in the home.”

In relation to this, one respondent in Upad’s results noted:

“Both genders have their pros and cons but ideally I prefer couples as tenants. You often find one is good at keeping things clean and tidy and the other is good at sorting out the little things. Also, couples tend to be the best long-term tenants particularly if they have a child. I just tend to avoid sharers in favour of couples.”

Whatever your preference, landlords seeking the best tenants should look no further than the UK´s market leading online lettings agency, Upad. As one of the UKs largest and fastest growing letting agencies, Upad specialise in helping professional tenants rent properties from landlords directly by allowing landlords to manage their own viewings.  Last year alone, 107,000 tenants asked Upad for help finding a home. 
 

Upad’s  tenant-finding services start from just £99 + VAT per property with an even cheaper rate for rooms. For more information please contact Upad, on 0333 240 1220 or visit www.upad.co.uk.
 

Scandal in Scotland! Home of the brave also home of the ripped off tenant

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More than £100,000 could be repaid to private tenants who have been charged illegitimate fees by letting agents according to housing charity Shelter Scotland.

In spite of being illegal in Scotland, the housing charity which launched “reclaimyourfees.com” in May this year, a special website designed to help private tenants across the country reclaim charges, revealed that some tenants were made to pay for unlawful services such as duplicate copies of a lease, inventory checks and preparation. As a result, around 870 people have begun proceedings for repayment of their fees.

With concern that some letting agents are ripping tenants off in Scotland with variable fees and significant up-front charges, expert online lettings agent Upad surveyed hundreds of tenants across the UK with a focus on Scotland asking tenants if they felt they were being “ripped off”.

The survey asked tenants across the UK what the most pressing issue was nowadays and discovered that high deposits and getting them returned was one of the biggest factors with a significant proportion of tenants revealing that they were made to pay up to and beyond 12 months deposit.

More specifically, deposit issues were of great concern to Scottish tenants. With this in mind, new schemes have recently been launched which require all Scottish landlords to protect tenants´ deposits. Three government approved schemes – SafeDeposits Scotland, The Letting Protection Service Scotland and MyDeposits Scotland will target those who continue to stain the reputation of the private rented sector and provide a fair, cost effective approach that safeguards tenancy deposits.

As well as deposits, other issues for Scottish tenants included property maintenance and privacy with a number of Scottish respondents highlighted that they would like more concealment away from neighbours. One respondent explained:

“The for rent sign stays up for months on end to let everyone know that you’ve rented out the property – more privacy would be great.”

Meanwhile, an additional concern identified in the survey was the role that lettings agents play. The survey revealed that while 73% of respondents across the UK rented property from a lettings agent, 93% were concerned that they were being charged sky high fees. 79% said that the level of service they received did not reflect the fees they paid with one disheartened respondent explaining that they paid £444.00 for a very slow reference check.

When asked how much they paid to move into their current property excluding rent and deposit, a number of UK based respondents revealed that they paid up to a whopping £5,000 with 78% stating they had to pay an extra fee on top ranging from £100 to £800 while in the deposit stakes some tenants revealed that they had paid up to and beyond 12 months.

James Davis, CEO of online lettings agent Upad comments,

“There is no getting away from the fact that tenants feel ripped off in Scotland – charges are too high and deposits often aren’t returned without issues. There are so many concerns affecting Scottish tenants nowadays it’s hard to put your finger on just one but they’re mostly focused around getting a fair deal.  It’s good to see Shelter’s “Reclaim Your Fees” operation in Scotland has helped and that government schemes are being put in place to ensure that lettings agents across the UK aren’t able to exploit tenants and undermine the work of good letting agencies who do play fair.”

With tenant demand increasing in Scotland, tenants looking for a fair deal should look no further than the UK´s market leading online lettings agency, Upad. As one of the UKs largest and fastest growing letting agencies with a new dedicated service in Scotland Upad specialise in helping professional tenants rent properties from landlords directly by allowing landlords to manage their own viewings.

Last year alone, 107,000 tenants asked Upad for help finding a home. 
 

Upad’s  tenant-finding services start from just £99 + VAT per property with an even cheaper rate for rooms. For more information please contact Upad, on 0333 240 1220 or visit www.upad.co.uk.  

Rip off London – Concern grows as London renters pay £41 extra per month according to new figures

United Kingdom

Following a monthly rise of 0.9% to £1,047, London´s rents have reached a new high for the second month in a row according to the latest figures from LSL Property Services. Currently, London renters pay an average of £41 extra per month, a 4% increase compared to June 2011 and with rents around 80% higher than the rest of the UK, are London’s renters being “ripped off”?

Indeed, the proportion of people renting their homes privately across the UK has grown and is set to expand further, rising to 22% by 2025 with more than a third (36%) of households in London renting by this time according to a recent report commissioned by the Resolution Foundation and Shelter from Cambridge University. But while London landlords are seeing an average annual return on a rental property of around £1,166 according to David Brown, commercial director at LSL Property Services concern that London tenants are being “ripped off” in more ways than one is growing.

James Davis, CEO of expert lettings specialist Upad comments,

“Tenants complain of numerous problems in the UK rental market, particularly in London where rents are significantly higher than anywhere else in the UK. A big issue in the market is that rising rents have put significant pressure on tenants, with late or unpaid rent in June now standing at 9.2%, an increase from 8.9% in the previous month.

“Because we are set to become a nation of renters we decided to conduct a survey into the most pressing issue tenant’s face across Britain with a focus on London. Our findings highlighted some main factors including how lettings agents who traditionally have more control over London’s market are also contributing to the “rip off” with variable fees and significant up-front charges; an issue that was recently brought up by Labour’s Hilary Benn, who proclaimed that on letting agencies are “ripping off” landlords and tenants, charging varying fees for managing relationships between 1.4m landlords and their tenants.”

Upad surveyed 227 tenants across the UK asking a variety of questions relating to their concerns and whether they feel they were being “ripped off”. Asking the one million dollar question – “what is the most pressing issue for tenants nowadays?” Upad discovered that high deposits and getting them returned was one of the biggest factors with a proportion of tenants made to pay up to and beyond 12 months deposit.

Other issues included property maintenance, pets being allowed into the property and notice periods. However while these issues were also of concern to London tenants, this group also pointed to high rents, not finding suitable homes to live in and having to earn 2.5 times the annual rent as a minimum as problems affecting them. One London tenant explains:

“The size of my rent means that I can´t save any money to buy a house. I earn a decent wage, above the average but still have no chance in the next 3-5 years of saving for a deposit. Another issue is paying for poor quality housing at such a huge expense. In London you can pay extortionate prices for not very much at all. And, if this wasn’t enough, there are a number of lettings agencies who aren’t helping either. They can charge exceptionally high fees and contribute to rising rents by artificially inflating the market.”

With this is mind, an additional concern identified in the survey was the role that lettings agents play. On a national level, the findings revealed that while 73% rented property from a lettings agent 93% were concerned that they were being charged extortionate fees. On a similar note, 79% said that the level of service they received from their agent did not reflect the fees they paid with one disillusioned respondent explaining that they paid £444.00 for a very slow reference check.

Meanwhile, when asked how much they paid to move into their current property excluding rent and deposit, a number of tenants revealed that they paid up to a whopping £5,000 with 78% stating they had to pay an extra fee on top ranging from £100 to £800.

Speaking on the London rental market, one tenant commented:

“The rental market in London is ridiculous and moving in fees are uncalled for. The company that checked the previous tenant out 2 weeks before I moved in charged the landlord to move them out then charged me for a new itinerary! ”

Further research from Upad discovered that 40% of UK respondents said that not all the costs of renting were made clear by their agent. One disheartened tenant explained that they had not been made aware of the imposed check out fee or obligatory cleaning while another described that a further cost to provide tenancy agreements was not mentioned until after the agent had received £250 for an application fee.

With tenant demand increasing and rents rising, London tenants looking for a fair deal should look no further than the UK´s market leading online lettings agency, Upad. As one of the UKs largest and fastest growing letting agencies Upad specialise in helping professional tenants rent properties from landlords directly by allowing landlords to manage their own viewings.

Upad can find a property for tenants, charging them only £60 to cover referencing. Last year alone, 107,000 tenants asked Upad for help finding a home.  For more information please contact Upad, on 0333 240 1220 or visit www.upad.co.uk.

 

Property Inspector: How to become a landlord in less than 10 minutes

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TheMoveChannel.com´s Property Inspector, taking a closer look at global real estate.

With the 2012 Olympic Games a matter of days away, London rents have broken new records according to property group LSL. Monthly rents in the capital have risen for three months in a row to reach an average of £1,047.

But rents are up across the country too. In June, demand from tenants pushed the average monthly rate for England and Wales to just £2 short of the all-time high of £720 recorded last October. Now, according to one mortgage broker, 60 per cent of UK landlords are planning to expand their property portfolio within the next six months.

So how do you join in the lettings craze? In this month´s podcast, the Property Inspector interrogates James Davis, CEO of the UK´s largest online lettings agency Upad, to get the tricks of the buy-to-let trade.

Does a landlord need contents insurance? How much tax and paperwork is involved? How can your home stand out from the rental crowd? And once you´ve found a tenant, how can you tell if they´re serial killer?

Here´s how to become a landlord in less than 10 minutes:

Let´s say I´m looking to become a landlord for the first time. What kind of property or location should I be looking for?

"My advice would be to understand who your customer will be: if you´re looking at students, look at universities in the area, whether they´re looking to grow or not. You need to work out if there´s demand today and, more importantly, if there will be demand tomorrow. "

How much time goes into preparing a property to let? Is that something people tend to underestimate?

"It´s no good just thinking that once you have a property in an area with high demand, you´re done. It needs to attract tenants. One trick I´d recommend is being a tenant for a few days. Make some enquiries and go to look at the other properties in your target market. See what their price and quality is – and what you have to do to make sure your house is up to scratch."

Listen to the full investigation.

Notes to Editors

Founded in 1999, TheMoveChannel.com is the leading independent website for international property, with than 400,000 listings in over 100 countries around the world, marketed on behalf of agents, developers and private owners.

The website address is http://www.TheMoveChannel.com  and the office address is 45 Lafone Street, Shad Thames, London, SE1 2LX.

Contact Dan Johnson on 0207 952 7650 for further information.

Property Inspector image courtesy of Snowshot.

Landlord confidence in UK Buy-to-Let dips 9% according to leading lettings specialist

United Kingdom

A Private Rental Sector Health Check for June 2012 from leading lettings specialist Upad has revealed that there has been a 9% drop in confidence amongst UK buy-to-let landlords since April 2012.

Asking 500 UK landlords whether they were more or less confident about the buy-to-let market, the research highlighted a dip to 63% compared to April’s positive rate of 73%. The research marks a slight but still evident decline in confidence since April and has been attributed to various factors such as the availability of rental stock outside London, tenant inability to pay rent, LHA benefit cuts and difficulty getting sensible mortgages.

James Davis, CEO of leading lettings specialist Upad comments,

“The UK private rental sector overall has continued to perform well hence why the majority remain confident but that doesn’t mean that there aren’t areas for concern – the 9% dip in confidence highlights this.

“Even though London rents are up to 80% higher than the rest of the UK, the rental market here remains very strong simply due to supply and demand but when you look outside of London we see that the market has slowed. The Consumer Credit Counselling Service for example reported a 55% increase in the number of calls they receive from tenants unable to pay their rent, and around half of these callers claim unemployment as their reason for being unable to pay rent. This issue of affordability tends to be more focused outside the London market.

“As well as this, LHA cuts have made it unaffordable to rent to those on benefits while specialist buy-to-let mortgage products have declined. Indeed, the IMF has downgraded its forecast for UK growth putting it at just 0.2% this year – another reason perhaps for landlords to be a little unsure.”

Of course each landlord questioned in Upad’s survey had their own reasons for being less confident in June 2012. One landlord explained, “I am less confident this month. We have about 10 properties as far north as Cumbria and we are clinging onto our tenants in these areas.  Most of these tenants are on housing benefit and we have to wait for payments now more so than ever – some are struggling and we are not getting the full rent each month. However, by stark contrast we have about six properties in the London area and these have always been “easy” lets. We seldom have any issues here.”

Meanwhile another landlord commented: “I registered as less confident because wages are stagnant or reducing, living costs are high, and tenants are negotiating rents down wherever possible. There are also fewer investment mortgage deals in the market than there were in 2007, making it much tougher for landlords to find the right deal.”

In spite of concerns, the majority of respondents in Upad’s survey registered a positive attitude towards the UK buy-to-let market. James Davis explains: “Indeed, rising tenant demand coupled with an overall lack of housing stock, caused in part by a shortage of new properties being developed has helped push rental yields higher and therefore improved confidence.”

Landlords looking for an innovative new way to do business and secure the right tenants should look no further than the UK´s market leading lettings specialist, Upad. As one of the UKs largest and fastest growing letting agencies Upad concentrate on helping professional tenants rent properties from landlords directly by allowing landlords to manage their own viewings. Last year alone, 107,000 tenants asked Upad for help finding a home.

Upad’s tenant-finding services start from just £99 + VAT per property. For more information please contact lettings experts Upad, on 0333 240 1220 or visit www.upad.co.uk.
 

With only 2 weeks to go, “there’s still huge potential in renting your home to Olympic visitors” says leading lettings specialist

United Kingdom

With only 2 weeks to go until the long awaited Summer Olympic Games, there’s still time for London homeowners to cash in on the estimated arrival of 11 million sporting fans, athletes and sponsors over the next two months.

James Davis, CEO of leading lettings specialist, Upad comments,

“At present hotels in London are charging high fees for those looking for accommodation during the Games with hotels in the Stratford area commanding up to £250 per night but with demand outstripping supply, more and more property owners and landlords have decided to capitalise on the shortage. And, even though the Olympics is just around the corner, I don’t think it is too late for landlords to offer up their properties given the fact that there will always be a surge of last-minute Olympic visitors looking for a place to rent.

“Indeed, an Olympic rental property in Covent Garden has recently become the most expensive let in the world, charging £115,000 per week and while the average Joe would not be able to command such a high price, there is still is huge potential in offering up your home to Olympic visitors as long as prices aren’t too crazy.”

UK landlords are faring pretty well right now. The market is currently booming with an increase of 6.34% in the number of rental properties advertised in the UK in Q1 2012, with 35,789 new rental homes on the market in London over the same time period according to the Movers Index published by Experian a leading global information company. However, given the general increase in demand for rental property from UK tenants who cannot afford to buy, landlords have also been benefitting from the vast opportunities for short-term lets during the Olympic Games, providing a further boost to the rental market.

For homeowners contemplating letting their properties during the 2012 Games, the team at Upad have launched a new dedicated Olympic lettings service for £199 + VAT.

For this flat fee Upad will advertise your property on Rightmove, FindaProperty, Zoopla, Gumtree and many more property websites for as long as it takes to secure your guests. You will receive applicant’s details and speak to them directly to arrange terms. Upad will help you to write a great description and even visit the property to take professional photos if you really want to achieve top dollar on your Olympic let.

With only 2 weeks to go until all eyes will be on London, act fast and contact the experts at Upad today on 0333 240 1220 or visit www.upad.co.uk for more information on the new dedicated Olympic lettings service for £199 + VAT.
 

72% of landlords more confident about UK B2L according to expert online lettings agency

United Kingdom

A Private Rental Sector Health Check for April 2012 from market leading lettings agency Upad has revealed that almost 72% of landlords are more confident about the UK buy-to-let market in April than in the previous month of March.

Asking 498 landlords whether they were more or less confident nearly 72% said that their heightened assurance in the market was attributed to factors such as rising tenant demand, increasing rents and the Olympics.

James Davis, CEO of online lettings agent Upad comments,

“We aren’t surprised that landlords are more confident. A recent report from RICS has revealed that rents increased further in the three months to April, as tenant demand continues to outstrip supply. With rents remaining on an upward course landlords are confident that they can grab a piece of the action highlighted by The Young Index, published by the Young Group who have discovered that nearly half of property investors questioned were considering buying additional properties across the UK in 2012 thanks to a buoyant rental market.

At Upad, our research allows us to gain great insight into the optimism of landlords in 2012 and our results further back up the positive view regarding the UK rental market.”

Of course, each landlord questioned in Upad’s survey had their own reasons for being confident in 2012. One landlord explained that continued tenant demand was a big factor for being confident stating: “Upon asking tenants how they’re finding things, the general response I receive is that they must make a quick decision or they will lose out on a property. They no longer have the luxury of viewing a number of different properties so ensuring my properties are well presented the first time round is very important.”

 

Meanwhile, other landlords pointed towards the loyalty of tenants as reasons for their increased assurance with one landlord explaining: “I believe the rental market is strong in 2012. My tenants seem to want to stay put for longer – many ask to stay another year sometimes more and they didn’t seem to mind a 3% rise in rent – they didn’t argue!”

 

Interestingly, confidence among others seems to have been boosted by the impending Olympic Games. One landlord based in North London remarks: “Being based in Islington and City borders the rental market is strong, even at this time of year. While many people come to work and live in London anyway, the Games has really boosted rental demand this year.”

With confidence in the UK buy-to-let market growing, landlords looking for an innovative new way to do business should look no further than the UK´s market leading online lettings agency, Upad. As one of the UKs largest and fastest growing letting agencies Upad specialise in helping professional tenants rent properties from landlords directly by allowing landlords to manage their own viewings.

Last year alone, 107,000 tenants asked Upad for help finding a home.

Upad’s  tenant-finding services start from just £99 + VAT per property with an even cheaper rate for rooms. For more information please contact lettings experts Upad, on 0333 240 1220 or visit www.upad.co.uk.