Posts Tagged ‘tenants’
Vunerable tenants being pushed out of private rental market according to RICS
The latest Royal Institution of Chartered Surveyors (RICS) Residential Market Survey February 2017 released today headlines ‘Rising rents and benefits cuts pushing vulnerable tenants out of private housing market’. According to their survey they state that around one-third of respondents say homeless people and those on housing benefits are being pushed out of private rental…
Read MoreThe central London rental market is beginning to show signs of topping out says the NLA
Recent news article from the National Landlords Association (NLA) posted 19th February headlined ‘Landlords follow tenants out of capital as rental demand nosedives’. The article leads: The central London rental market is beginning to show signs of topping out as tenant demand slides and landlords look to higher yielding investments in other areas of the…
Read MorePrivate rental prices rise by 2.2% in year to Jan: 2017 according to ONS
The most recent Statistical Bulleten from the Office for National Statistics (ONS): Index of private housing rental prices (IPHRP) in Great Britain: January 2017. Main points included in the Statistical Bulleten as below. Private rental prices paid by tenants in Great Britain rose by 2.2% in the 12 months to January 2017; this is down…
Read MoreARLA responds to Scottish Government’s proposals
In a news report published yesterday 9th January on their website The Association of Residential Landlords (ARLA) responds to Scottish Government’s proposals on new private residential tenancy. ARLA has responded to the Scottish Government’s consultation on the proposals for regulations and policy supporting the Private Housing (Tenancies) (Scotland) Act 2016, arguing that the forms and…
Read MoreRents increased in all the English regions for year to November 2016
Office for National Statistics (ONS) yesterday released Statistical Bulletin: Index of private housing rental prices in Great Britain;: Nov 2016. Their Main finding were: Private rental prices paid by tenants in Great Britain rose by 2.3% in the 12 months to November 2016; this is unchanged compared with the year to October 2016. Private rental…
Read MoreFurther Clamp downs on overcrowded housing
Press release published yesterday on the Gov.UK website, from the the Department for Communities and Local Government and Gavin Barwell MP headlined ‘New measures tackle overcrowded housing’ Minimum room sizes will apply to shared homes to help to clamp down on rogue landlords cramming tenants into unsafe and overcrowded homes, improving housing for thousands, Housing…
Read MoreLandlords disadvantaged by tax relief cap.
The move to cap tax relief on buy-to-let mortgages by the former Chancellor of the Exchequer which starts next year could put private landlords at a disadvantage when calculating their tax returns. This situation is causing landlords to sell properties back to themselves in an effort to reduce tax liabilities on the property they rent…
Read MoreMajority continue to pay asking prices in rental market
Countrywide PLC Monthly Lettings Index August 2016 released early this week headlined ‘Central London sees fall in proportion of homes let above asking price’. According to Countrywide Lettings Index for August it shows that less people are paying above asking price to secure rental homes in Central London. Just 8% of homes were let at…
Read MoreClient Money Protection Scheme Amendment
It is estimated that letting agents currently hold approximately £2.7 billion in client funds on behalf of renters and landlords, this can be for a for a range of reasons, including deposits, rental payments, and money for repairs. If the letting agent is not part of a Client Money Protection scheme (CMP) clients could possibly…
Read MoreLonger term tenancies for renters in the (PRS)
Newly appointed Housing Minister Gavin Barwell supports the concept of longer tenancies for renters in the private rented sector (PRS), in reply to a recent House of Commons question he stated he was investigating how to make longer tenancies easier to obtain for tenants. He reportedly said: “My department [the DCLG] has developed a model…
Read MoreWales ending the right-to-buy scheme for tenants
The Welsh National Assembly plans to bring forward legislation within the next year to end the Right to Buy scheme for social housing tenants, Scotland has already lost the right to buy their homes since August 1st this year. Welsh First Minister Carwyn Jones reportedly said when announcing the policy: “We must safeguard our social…
Read MoreBill to Ban agents from charging tenants letting fees
Baroness Olly Grender a Liberal Democrat Peer points out in her blog on Huffington Post, that private renters are being failed by a housing market stacked against them and it is time for a serious shift in power towards this growing group of consumers. Baroness Grender a former senior figure at shelter has introduced a…
Read MoreRecord rent rises across some regions.
According to data released today rents are now rising at the fastest rate for six months, reaching an average of £793 across England & Wales. New all-time records for three separate regions – led by the East Midlands with 8.5% annual rent rises. Landlords see total annual returns (before costs) of 10.7% in year…
Read MoreFunding for Goodlord Cloud Based Rental Platform
Goodlord, a rental platform founded two years ago and based in London has just raised £2m in seed funding, it’s purpose is to bring together tenants, landlords and letting agents through the cloud. The rental platform initially founded 2 years ago drew support in the funding from Robin and Saul Klein’s LocalGlobe Capital and Global…
Read MoreNew High for Tenant Evictions
According to a most recent blog from Central Housing Group “tenant evictions reach highest level on record” The number of tenants evicted from their homes by bailiffs reached a record high in 2015, according to official figures for England and Wales showing that 42,728 households in rented accommodation were forcibly removed. Housing campaigners blamed welfare…
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