Letting Agent Talk
Tenant tips to keep roomie relations in good health during lockdown
Leading lettings management platform Howsy, has compiled a number of top tips to help keep roomie relations in positive territory as we enter the next stage of lockdown, as at this stage, even the most full-proof roommates could be forgiven for showing signs of strain in the current rental landscape. Give them some space It…
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Rental demand and stock levels drop across the vast majority of UK cities due to lockdown
The latest research by lettings management platform, Howsy, has revealed that demand for rental properties and the stock available to meet this demand has fallen year on year across the majority of UK cities and London Boroughs, as the spread of the Coronavirus pandemic and the precautions implemented by the Government prevents many tenants from…
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Tips for Resolving Common Rental Disputes
In the world of property management, rental disputes are hard to avoid. There are many different types of issues that can arise, requiring the letting agent to resolve disputes between the landlord and tenants. Anything from how much deposit is taken to cover minor damages, to long term tenants asking for expensive home improvements can be…
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Coronavirus outbreak could cost the buy to let sector £14.9bn in three short months
The latest research by Deposit Replacement Scheme, Ome, has found that the impact of the Coronavirus could cost buy to let landlords nearly £14.9bn should tenants be unable to pay rent during the three month support period announced by the government yesterday. Last night the government announced that they would suspend new evictions and halt…
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Think UK rental deposits are high?
The latest research by rental deposit replacement scheme, Ome, has compared the average cost of a rental deposit in the UK with 14 other nations who have the highest percentage of renters across the world. Ome looked at the wide variety of rental deposit calculations across 15 nations and what this meant financially for tenants….
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Pollution-free properties secure 57% more rental income
The latest research by leading lettings management platform, Howsy, has found that areas, where CO2 emissions are at their lowest, are home to much higher average rental costs compared to those with higher levels of CO2. Howsy looked at the average cost of renting across 65 of the largest towns and cities based on population size,…
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3 Reasons UK tenants ask for deposit-free renting
As a UK lettings agent, you’re no doubt already aware of the growing trend for deposit free renting, where the traditional cash deposit is swapped for a membership fee or insurance. You’re probably also aware that these schemes offer landlords more protection than a standard cash deposit in return. Landlords have been quick to grasp…
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Buy-to-let maintenance is costing UK landlords 28% of their annual rental income – here’s where to buy to beat it
Leading lettings management Howsy has looked at what proportion of annual rental income is required to maintain the average buy-to-let property and how this differs across the UK. The research has found that: – The cost of maintaining the average buy-to-let investment across the UK currently sits at £2,313, accounting for 28% of the…
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Rental deposits held by agents equal to 15% of all annual real estate investment
The latest research by rental deposit replacement scheme, Ome, has looked at the total sum used as rental deposits and how this compares to the levels of investment pumped into the economy, both at the top line and in various sectors. Ome’s research shows that last year just over £5.2bn was held in rental deposits…
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What’s causing landlords and tenants to fall out of love in your region? Rental dispute reasons revealed
The latest data by rental deposit replacement scheme, Ome, has revealed which areas of the UK have seen the biggest uplift in deposit disputes, as well as the areas with the highest number of total disputes raised. Research shows that London is home to the highest proportion of rental disagreements between landlords and tenants when…
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Tenancy deposit email scam duping tenants out of thousands
It’s been revealed that fraudsters are targeting vulnerable tenants during the deposit payment stage of the letting process, with the Islington Gazette reporting one couple were conned out of £1,385. Full article here. Jessica Redman and her partner found a rental property via a local letting agent and were then contacted via email by a ‘member…
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Are rogue landlords sitting on £1.2 billion in unaccounted tenancy deposits?
The latest research by Hamilton Fraser’s deposit replacement provider, Ome, has revealed the huge sums of tenant money that is estimated as being held by landlords and agents without protection via a deposit protection scheme. Ome’s sister company, mydeposits, manages 25% of the total deposit protection market and their latest records show they currently protect…
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Give your landlords a dedicated client account and automate your rent collection process through LettsPay.
This is a difficult time for letting agents with multi-pronged challenges from ever growing regulatory changes, the tenant letting fee ban, online competition and a fluid housing market. Business revolves around a solid supply of landlords yet evidence has been found that a growing number are leaving the market. The issues causing dissatisfaction and disillusionment…
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UK holiday let mortgages: a guide
Due to Brexit and the Government’s ever-changing legislation on buy to let properties which is eating in to landlords’ profits, investment in holiday lets is rising. So, what do you need to know if you want to be part of this potentially lucrative trend? What mortgage do you need for a UK holiday let? Mortgages…
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The different types of landlord insurance for flats
If you are a landlord, you are almost certain to know about the importance of buy to let insurance – which protects both the property itself and the business you are running from it. You might, however, face some confusion about the nature of landlord insurance for flats that you require. It all depends on…
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