Posts Tagged ‘Landlords’
New data from Homelet reveals rents in the UK rose by an average of 1.1% during July.
Homelet Rental Index report for July released today headlines ‘UK rents increase after Spring declines.’ According to the latest Homelet Rental Index the average rent agreed on a new tenancy signed during July was £925, compared to £915 in the same month of 2016, new data reveals rents in the UK rose by an average…
Read MoreLandlords must comply with new EPC rules by April 2018
The Residential Landlords Association (RLA) in a latest news release headlined ‘Landlords must be ready for changes to EPC rules’ highlights that the government has confirmed that changes to EPC rules preventing landlords from renting out inefficient homes will be brought in next April. The RLA states that: In a high level meeting the department…
Read MoreLetting fees ban confirmed in Queen’s Speech
There was confirmation yesterday in the Queen’s Speech that fees charged by Landlords and Letting Agents will be banned with the announcement of the draft Tenants’ Fees Bill. Cox, Chief Executive, ARLA Propertymark comments on the draft Tenants’ Fees Bill to ban charging tenants ‘lettings fees’ announced in the Queen’s Speech: “The announcement of the…
Read MoreResponse from Shelter on the tragic Grenfell Tower fire
Response from Shelter on the tragic Grenfell Tower fire. Graeme Brown, Shelter’s interim chief executive said: “The Grenfell Tower fire was a truly tragic event, made all the more so because residents had been calling on their management organisation to heed their safety warnings. “In all cases, landlords must respond to renters concerns when it…
Read MoreBelvoir on Party Property Promises
Recent news release from Belvoir headlines ‘Party Property Promises’. With just over one day to go before the General Election, Belvoir sets out in brief some of the housing policies that form a large part of each party’s manifesto. Chief Operating Officer, Dorian Gonsalves said “Whilst some initiatives may help some tenants, it is unfortunate…
Read MoreAverage rents fell nationally for the first time in eight years in May 2017 says Homelet
Homelet Rental Index report – May 2017 data published today headlines ‘UK rents fall for the first time in eight years’. Rents in the UK fell by 0.3% in May compared to the same month a year ago, the average monthly rent now stands at £901. Rents in London fell by 3.0% in May compared…
Read MoreSurprising rise in proportion of landlords using a letting agent according to NLA
The proportion of landlords who use a letting agent to help manage their property has spiked since the end of last year, according to new research from the National Landlords Association (NLA). Over 60 per cent of landlords say they currently use a letting agent to manage their properties, a rise of seven per cent…
Read MoreProperty Master has launched the UK’s first digital buy-to-let mortgage brokerage service.
Property Master has launched the UK’s first digital buy-to-let mortgage brokerage service. Property Master will allow landlords to find, compare and secure the best mortgage deals available for their buy-to-let portfolio, saving them up to £3,000 per BTL mortgage. Property Master enables the UK’s 2 million private landlords to take control of their portfolio financing…
Read MoreSupply of private rental properties available in London fell by a third in April according to ARLA Propertymark
According to the latest ARLA Propertymark UK Private Rented Sector report for April, supply of properties available in London fell by a third in April, while only rising marginally on average across the UK. The number of tenants negotiating rent reductions fell last month – 2.8 per cent of agents witnessed tenants successfully negotiating rent…
Read MoreNew data from Homelet reveals London rents fell for first time since 2009 in April
Homelet Rental Index report April 2017 released yesterday 8th May 2017 headlined ‘London rents fall for the first time in eight years’. The report stated: Rents on new tenancies in London fell by 1.2% in April compared to the same month a year ago, the first such fall since December 2009. UK rents in April…
Read MoreReport examines what the Mayor can do to reduce domestic carbon emissions and fuel poverty in the capital
The London Assembly Environment Committee launched their report yesterday 2 May 2017 headlined ‘Getting warmer – give London renters an energy break’ which examines what the Mayor can do to reduce domestic carbon emissions and fuel poverty in the capital. They state in the leading paragraph: Many London homes are leaky and hard to heat. Improving…
Read MoreLandlords and Letting Agents who exploit tenants to be “named and shamed”
Announced yesterday by the Mayor of London, Sadiq Khan, was that criminal landlords and letting agents who exploit their tenants will be ‘named and shamed’ on a new online database to protect the two million private renters in the capital. The Mayor of London, Sadiq Khan, said: “I refuse to stand by as thousands of…
Read MoreVendor confidence benefits from a Spring boost according to Home.co.uk
Home.co.uk released their latest Asking Price Index April 2017 yesterday 12th April headlined ‘Asking Prices Surge on Spring Optimism’. In the report it points out that: Seasonal confidence has raised asking prices by +0.9% for the month of April, the largest monthly rise since March 2016. Year-on-year home price appreciation for England and Wales has…
Read MoreConfusion as to what new tax changes for landlords will mean says AXA
A recent News & Media release 6th April 2017 from AXA headlined ‘Landlords feel unfairly targeted by tax changes’. In their latest study of UK landlords, AXA reveals that far more believe they will be affected than Government estimates suggest, and almost half plan to quit the rental market by 2020, fearing they are being…
Read MorePrivate rented sector finely balanced says Paragon Mortgages
The latest Paragon Mortgages Private Rented Sector (PRS) Trends report for Q1 headlines ‘A Long Road Ahead’. The highlights in the Paragon Mortgages Q1 2017 PRS Trend report are: Average portfolio size stable at 13 properties, despite tax changes and rising stamp duty. Landlords expect little change in portfolio size over the next 12 months.…
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