Letting Agent Talk
The Importance of Electrical Safety Standards in the Private Rental Sector
With homeownership now a distant dream for many adults, the private rental sector in the UK is thriving. Renting from the private sector can be a mixed bag. Fortunately, there is legislation in place that compels private landlords to maintain certain standards. Few of these are more important than electrical safety standards. What Responsibilities Do…
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The Worst Places To Be A Long-Term Landlord
In one of our recent articles, we took a detailed look at some of the best places around the UK to be a long-term landlord. So, in the interest of fairness, we thought it would now make sense to look at it the other way around as well, highlighting some of the places to avoid…
EAN Content
The best places to be a long-term landlord
When it comes to being a landlord, yields play an essential role where profitability is concerned. However, one aspect of an investment that is often forgotten is the appreciation of bricks and mortar itself. Leading lettings management platform, Howsy, has looked at which areas have been the kindest to current landlords when considering both the…
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Tenant deposit disputes down so far this year
The number of rental deposit disputes lodged with Hamilton Fraser’s government-authorised deposit scheme, mydeposits, has fallen by -15% across England so far this year. Analysis of the data by Hamilton Fraser’s sister company and deposit replacement provider Ome found that London, the South East and the North East have all seen the largest drop in…
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100% LTV mortgages are back on the menu – but only for the super rich
The ongoing impact of the Coronavirus has seen many mortgage lenders pull nearly all of their highly leveraged mortgage products from the market. However, 100% loan to value mortgages are now back on the menu, the only caveat being you have to be super-wealthy to secure one. It isn’t the first time that mortgage products…
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Commuter savings can help tenants overcome the cost of renting
With many of us still restricted to working from home or on furlough, research by Ome shows the average UK commuter is benefitting to the tune of £66 a month that would otherwise be spent travelling to and from work. Now that the market has reopened for business, tenants will be looking to move to rental…
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Landlords return as rental stock lifts in wake of market restrictions easing
In the wake of last week’s ease of property market restrictions, the number of rental properties hitting the market surged by as much as +44% in some UK cities as landlords returned and letting agents were able to resume business. Howsy’s research analysed the number of available rental properties listed across the major portals the…
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Lockdown rental stock shortage will see rents and deposits climb
Research by rental deposit replacement scheme, Ome, has highlighted how a lockdown reduction in rental stock entering the market could result in higher rental and deposit costs for UK tenants. Ome investigated the percentage of buy to let mortgage loans approved over the last five years as a percentage of all loans. The figures from…
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Lockdown rental stock shortage will see rents and deposits climb
Research by rental deposit replacement scheme, Ome, has highlighted how a lockdown reduction in rental stock entering the market could result in higher rental and deposit costs for UK tenants. Ome investigated the percentage of buy to let mortgage loans approved over the last five years as a percentage of all loans. The figures from…
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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…
EAN Breaking News
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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