Letting Agent Talk
New Landlord Advice: Essential Support Services To Help You
The number of people taking up property investment has been rising year on year, with figures increasing by up to 5% annually. In the UK, there are now over 2.5 million landlords managing rental properties. There is great significance in this information, as it means the practice is seeing a large influx of first-time landlords…
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Let Alliance Transforms Tenant Referencing in Partnership with TransUnion
Let Alliance has completed a two-year strategic project that has resulted in redefining the way that tenant referencing works in the UK, with references now returned the same day. Until now tenant referencing across the lettings industry has relied upon tenant referencing companies accessing publicly available credit information only. This credit information is limited to…
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Tenant fee ban will reduce deposit fees by £2.9bn a year
The latest research by property compliance specialists, VeriSmart, has revealed the huge sum of money currently tied up in the private rental market across England and how this will change with the introduction of the tenant fee ban on the 1st June. VeriSmart analysed data from Gov.uk which shows that there are 4,530,000 tenants currently…
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Leeds is leading room rental growth, but London remains the most unaffordable
Leading flat sharing platform, ideal flatmate, has released its Room Rental Index for Q1 looking at the cost of renting a room across the UK’s major cities. ideal flatmate analysed the cost of thousands of spare rooms listed on its platform looking at the differing cost of renting across each major UK city, each borough…
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18.6m spare room surplus could be the solution to Britain’s broken housing market
Research by leading room share platform, ideal flatmate, has looked at the excess number of spare rooms across the UK and how this surplus could address the UK’s property stock shortage. Using data from Twenty CI, ideal flatmate found that there are 30.5m dwellings in the UK, home to a total of 84.4m bedrooms. According…
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Top of the class – top social classes push rents up by 65%
The latest data by, the UK’s only combined lettings inventory and property compliance specialists, VeriSmart, has looked at what impact top tier social classes have on local rental prices. VeriSmart grouped thousands of postcodes by the percentage of the population classed within the NRS social grading of AB. A being upper middle class holding higher…
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Tenant Needs to Go? Everything Landlords Need To Know About Eviction
Evicting a tenant can be a last resort after numerous attempts at mediation have failed. In some cases it’s the last thing any landlord wants, but sometimes it is necessary, in other cases landlords move quickly to protect their investment. When your tenant has skipped out on paying rent for months on end, bashed in…
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Property Asset Management: Your Guide to Managing and Growing Your Property Portfolio
When you’re managing a property portfolio, you’re controlling some of the biggest assets anyone will ever have. That’s why it’s important that you have key strategies at the heart of your property management company. With this in place, you can generate income for your business by nurturing and learning from all your investments. Here’s how…
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Why rent guarantee insurance is great for letting agents and not just landlords
Rent guarantee insurance has proved to be a popular product with landlords. Most policies will cover all rent arrears and will even cover the legal fees to evict the tenants. Costs for 12 month policies can vary between £90-£180 approx, so it’s an absolute no brainer for landlords. Surprisingly, many letting agents aren’t really pushing…
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Wasted space – how much rent are you wasting on unnecessary furniture per square metre?
Latest research by leading room share platform, ideal flatmate, has highlighted the cost of everyday household furniture when considering the space they occupy on a monthly rent per square metre basis. ideal flatmate looked at the cost of the average one-bedroom property and what this equates to per square metre, before attributing a monthly rental…
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How to Disclose Undeclared Rental Income
For any individual who finds they may have undeclared rental income, it’s imperative to get it paid off as quickly as possible. To prevent tax evasion by residential landlords, HMRC takes time to identify and contact landlords who may owe tax on rental income. As a result, an increasing number of people are coming forward…
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London’s most expensive room rent locations climb 2% in 2019 already, up 13% in 2018
Data from leading room share platform, ideal flatmate, shows that the cost of renting a single room in the capital has already increased by 2% in 2019, having increased by 13% between 2017 and 2018. ideal flatmate crunched the numbers across thousands of room rentals to see how much Londoners are paying on average and…
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What 2019 has in store for the buy-to-let market?
2018 saw a difficult year for the buy-to-let market. The Ministry of Housing reported that almost 4,000 buy-to-let properties were being sold off by landlords each month, resulting in the first drop in the number of rental properties on the market for the first time in 18 years. Could recovery be on the horizon? Here’s…
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Automated Feeds Service enables Letting Agents & Landlords to reach millions of Students
As part of an ongoing and major upgrade, Accommodation for Students (AFS), the UK No.1 student accommodation search engine, has launched a new automated feeds service for letting agents and landlords with large property portfolios, enabling them to instantly connect with the largest available pool of potential student tenants in the UK. Until now, letting agents and…
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This Time It’s Personal
In a world of fast developing technology, estate agents can often lose sight of the one great USP they have – themselves. Stephen Henesy, founder of property tech firm Helpthemove, argues agents must focus on the value they bring personally to ensure successful longevity. Open any property magazine or website and the chances are you’ll…
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