UK Homeowners Forced To Become Landlords

A report of the website Landlord Expert confirms a trend picked up by Chard London Lettings a couple of months ago. More property owners are becomming Landlords.

There are naturally concerns at this influx of "newbies". Richard Saltmer, branch manager of Chard's South Kensington & Chelsea Lettings office on Old Brompton Road SW7 reports that he's seeing twice as many new landlords as usual, regularly as many as six a day. "It's important I spend time with them - most have no experience of renting either as a tenant or landlord so I'm having to take time to explain what's expected of them as well as what they can expect to see themselves. Some do have unrealistic expectations and its better to set the scene for them to save them - and us - alot of wasted time and money in the long run".