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Camden council in north London has become the first local authority to secure an anti-social behaviour injunction against a landlord in order to protect private tenants from illegal eviction and harassment. The council secured the injunction against landlord Mohammed Ali Abbas Rasool, aged 29. Working in partnership with the Met Police, Camden...
Posted: July 30, 2021, 7:00 am
The latest rental market snapshot released by ARLA Propertymark shows a little of the heat coming out of the rental market - but it’s still breaking records. In its data for June - the latest available - ARLA says the average number of new prospective tenants registered per branch fell to...
Posted: July 30, 2021, 7:00 am
A landlord has been ordered to pay thousands of pounds by magistrates after a bedroom fire revealed tenants were living in unsafe housing conditions. Eight people were believed to be living in the four-bedroomed semi-detached house in Slough where each room had been turned into a bedroom, after firefighters were dispatched...
Posted: July 30, 2021, 7:00 am
Lettings agency JLL says improved interest in East London’s lettings market is being accelerated by the expected surge in demand from students returning to college in September. The agency says its Canary Wharf team has enjoyed a record month with local lettings director Lauren Hatcliff saying: “The current Canary Wharf market...
Posted: July 30, 2021, 7:00 am
A virtual tour company says this kind of property viewing is now being adopted by holiday let operators as well as mainstream lettings and estate agents. Made Snappy says that with the UK preparing for a bumper summer - with 33m people expected to enjoy staycations before the autumn - the...
Posted: July 30, 2021, 7:00 am
Labour’s shadow housing secretary has branded “outrageous” moves by landlords and letting agents to demand multiple months of rent upfront.  Lucy Powell has told the i newspaper: “It’s outrageous that landlords and lettings agents are trying to price people out of a place to live. Requiring months and months of upfront...
Posted: July 29, 2021, 7:00 am
Politicians of both major parties have voiced concern over former council houses being used as Airbnb and other short lets in a part of the UK with a major housing shortage. In 2019, before the onset of the pandemic, Cornwall Council announced it would take legal action against homeowners who did...
Posted: July 29, 2021, 7:00 am
Landlords with an eye to optimising capital appreciation ought to be considering the sustainability features of properties, Rightmove has suggested. The portal has contributed to a report by Hive - part of British Gas - suggesting that in a decade’s time, homes with eco-credentials such as Electric Vehicle Charging Points are...
Posted: July 29, 2021, 7:00 am
The chief finance officer of a PropTech company says the effects of the stamp duty holiday on house prices must not consign people into thinking they face a lifetime of renting. Various indices put the average house price rise in the past year at between 7.0 and 11.0 per cent.  In light...
Posted: July 29, 2021, 7:00 am
A controversial PropTech service that proposes agents charge prospective tenants £30 or more simply to view a property on the market, says it may in some circumstances be open to dealing directly with professional landlords. ViewRabbit, which launched at the weekend, has been founded by ex-Savills and ex-Romans agent Michael Riley. This...
Posted: July 28, 2021, 7:00 am
New research suggests an overwhelming number of renters want longer tenancies, a trend pushed further by the uncertainties of the pandemic.  A survey of over 1,100 tenants commissioned by Ascend Properties found that 93 per cent of those asked think that tenancies longer than 12 months should be more widely available...
Posted: July 28, 2021, 7:00 am
Landlords with houses in their portfolios will have seen a dramatic increase in their capital value according to Zoopla. It says demand for all types of houses, from terraced to detached, has more than doubled in the current housing market - creating a disparity in average price growth when compared to...
Posted: July 28, 2021, 7:00 am
The Property Investor Show is back and in person, rather than virtual. It’s been announced that it will take place at London’s ExCel Centre on October 15 and 16 - the first large scale property investment exhibition to be held face to face in London since Covid restrictions have been relaxed. There...
Posted: July 28, 2021, 7:00 am
It’s a controversial view but a respected buy to let mortgage monitor suggests that landlords may be more successful if they allow pets. The independent Moneyfacts service admits there are some disadvantages. Landlords may have to take out additional insurance, although it says they can mitigate this by pet-proofing the home, such...
Posted: July 27, 2021, 7:00 am
Propertymark wants to hear about examples of fraudulent tenancy applications - a growing problem in the rental sector. A statement from the ARLA wing of Propertymark says fake bank statements, references and payslips are increasingly common meaning agents are at greater risk. Propertymark member agency Tay Letting saw a tenant submit fraudulent bank statements,...
Posted: July 27, 2021, 7:00 am
Research by the buy to let specialist Sequre Property Investment suggests that landlords are largely undeterred by the slew of government restrictions imposed on the sector via stamp duty and stamp duty changes. In recent years just 10 per cent of landlords have exited the sector, the research suggests, while 19...
Posted: July 27, 2021, 7:00 am
A landlord has been given a hefty fine for housing vulnerable tenants in hazardous conditions in a case brought by a local council.  Besnik Halaj, from Midway, was given a £20,000 fine for four offences under the Housing Act 2004. The court also awarded costs to South Derbyshire council of £1,427.13...
Posted: July 27, 2021, 7:00 am
Starling Bank has snapped up specialist buy-to-let mortgage lender Fleet Mortgages in a £50 million cash and share deal. Fleet Mortgages, based in Hampshire, focuses on providing mortgages to professional and semi-professional buy-to-let landlords, only via mortgage adviser distribution channels. To date, it has originated £2.3 billion of mortgages and experienced zero...
Posted: July 27, 2021, 7:00 am
Government ambitions to improve the energy efficiency of the private rental sector are just “a pipedream” without financial assistance according to the leading industry trade body. Analysis by the National Residential Landlords Association shows that only five per cent of private rented households have received government help to fund energy efficiency...
Posted: July 26, 2021, 7:00 am
The pandemic has made future prospects for renters worse, according to a new survey.  Four out of 10 tenants questioned by the Nationwide say their experience of the pandemic has made owning their own home more important than it was 18 months ago. Affordability remains a significant barrier for many, with 41...
Posted: July 26, 2021, 7:00 am