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The quietest times for property sales are in late July, early August and in the run up to Christmas. This year, January and February were quieter than expected because of the big freeze.

The point of this is that when there are fewer buyers, property sellers are more likely to accept a lower price.

The cheapest time to buy a property – when you are going to find owners more likely to be flexible with regard to an offer – is either just before Christmas when they have a property on the market and they are looking for a buyer as soon as possible, or in the January/February period when it’s cold and miserable.’

If you have recently bagged a bargain property to rent, why not keep on saving by comparing landlord insurance. Whatever the time of year you can find cheap landlord insurance in minutes online at CompareCrazy.com.

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A landlord has been fined and prosecuted by the Health and Safety Executive (HSE) after he repeatedly ignored notices to get his gas fire, boiler and flues checked and certified.Prosecuted under the Gas Safety (Installation and Use) Regulations 1998 and the unnamed landlord was  issued with a substantial fine.

HSE inspectors said he hopes the case serves as a warning to other landlords to adhere to employment law or risk prosecution. Adding “Carbon monoxide poisoning can kill and it’s completely unacceptable that a landlord chose to put others at risk.”

Figures from Landlord Expert show that some 30 people a year die from carbon monoxide poisoning due to gas appliances and flues not being properly installed or checked regularly for faults.

It is a colourless and odourless gas, meaning that it can infiltrate a property without the residents noticing.

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A survey shows landlords are planning to take a more DIY approach to their property, with a majority saying they would manage their properties themselves, to save money

Around 54% of people of landlords with residential buy-to-let property say they would manage it themselves, rather than pay an agent to do it.

And 88% admitted they would often drive past their property to check how well the tenants were keeping it, according to Birmingham Midshires.

More than a third of landlords also said they would fix problems and carry out maintenance themselves, rather than pay a professional to do it.

The current economic climate is encouraging landlords to maintain a more hands on approach to letting and repairs; however any landlord planning to take on more responsibilities should ensure they are up to the job comments experts

If you are a hands on landlord why not take control of your landlord insurance, review you renewal premium and instead of simply paying up compare landlord insurance for yourself. Quick and easy to complete online forms enables even the busiest landlord to compare insurance quotes for themselves at CompareCrazy.com

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The number of people unemployed increased by over 50,000 in the first three months of 2010, to slightly over 2.5 million according to figures recently released. The international labour organisation figures show that unemployment is currently at the highest level since December 2004.

The declining job market shows no sign of recovery according to Ian Brinkley associate director of the Work Foundation “Job losses accelerated in the three months to March. Nearly 80,000 jobs in this period compared with job losses of 12,000 in the three months to December. “

How does this affect landlords?

Economic uncertainty and job insecurity is having a duel affect on landlords according to letting experts. Firstly new tenants are increasingly unwilling to agree to longterm tenancy agreements, with the average tenancy now under a year in London. Shorter tenancies increase the likelihood of properties being unoccupied more often than planned for by landlords.

Frequently empty properties and tenants inability to pay rent due to unemployment can have an extremely big impact on landlords who rely on rental income to pay mortgages and other property bills. Landlords faced with these difficulties are urged by experts to maintain communication with tenants in order to negotiate an agreement that reduces the impact of a tenant’s unemployment on both parties. Landlords should also consider rent guarantee insurance to protect them from loss of income.

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