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More than £500m worth of rental income is lost annually in this country because buy-to-let landlords are often encouraged to sell properties tenant free, new research shows.  After evicting tenants in order to sell, the average landlord will lose just over three months’ rent, based on the average time taken for...
Posted: September 20, 2018, 10:00 am
Standards in the private rented sector have got better as buy-to-let landlords respond to a flurry of legislation aimed at improving living conditions for renters, but there is still room for improvement when it comes to fire and gas safety. Rental market insurer AXA has tracked progress over the past four...
Posted: September 20, 2018, 7:50 am
The Home Office is to reconvene its Private Rented Sector (PRS) stakeholder panel on Right to Rent. The government plans to take another look at the impact that the Right to Rent scheme is having on the private rental market. The government’s controversial initiative, which forces landlords to undertake immigration checks on prospective...
Posted: September 20, 2018, 7:45 am
There was a further decline in the number of properties let last month, as a drop in supply restricted choice for those looking to rent, the latest figures from the Agency Express Property Activity Index show. The percentage of properties ‘let’ dropped to sit at -1.9%, owed partly to a 3.2%...
Posted: September 20, 2018, 7:00 am
Brighton and Hove Council has given the go-ahead for new selective landlord licensing to be introduced across 12 wards in the city. Landlords operating in Brunswick and Adelaide, Central Hove, East Brighton, Hanover & Elm Grove, Hollingdean & Stanmer, Queens Park, Moulsecoomb & Bevendean, Preston Park, Regency, South Portslade, St Peters...
Posted: September 20, 2018, 7:00 am
The Liberal Democrats once again called for the introduction of mandatory licensing for PRS homes as well as a publicly available database of rogue landlords at its party conference yesterday. Aside from licensing, the Liberal Democrats also called for the promotion of longer private tenancies, with inflation or wage linked rents,...
Posted: September 19, 2018, 7:00 am
Close to half of private renters would like to see tenant deposits scrapped and replaced with deposit protection insurance, according to a YouGov survey. The research found that 43% of renters would prefer to rent deposit-free with deposit protection insurance as an alternative to a traditional deposit, which looks set to...
Posted: September 19, 2018, 7:00 am
A buy-to-let landlord has been handed a two-year suspended sentence, ordered to pay more than £4,000 and given 100 hours of community service after failing to maintain gas appliances at a rental property in King’s Lynn. Norwich Magistrates’ Court heard how the property was inspected last year by the Housing Standards...
Posted: September 19, 2018, 7:00 am
Buy-to-let landlords must prepare for new licensing laws for Houses in Multiple Occupation (HMOs) to ensure that they do not fall foul of the rules.  New licensing laws for landlords, designed to further protect tenants in HMOs from poor living conditions, come into effect in less than two weeks.  From 1 October...
Posted: September 19, 2018, 7:00 am
We all know that landlords must carry out a series of vigorous checks on prospective tenants before letting a property, as this is standard best practice which safeguards their property business. A high quality, detailed reference offers landlords clarity and essentially confidence that their property will be well looked after. It...
Posted: September 19, 2018, 7:00 am
Landlords are being reminded this week that they are responsible for the safety of their tenants, as part of Gas Safety Week. The annual event, which takes place 17-23 September, aims to raise awareness of gas safety and reminds us to have our gas appliances safety checked annually by a qualified...
Posted: September 18, 2018, 7:00 am
A growing number of landlords are turning to social media to garner more information about rental applicants, according to the latest sentiment research from Foundation Home Loans.  From looking at past tenancies to issuing a credit check, it is important to take your time to research potential tenants, but the study...
Posted: September 18, 2018, 7:00 am
The Association of Independent Professionals and the Self-Employed (IPSE) is the latest organisation to call on the government to immediately pause its rollout of Universal Credit for the good of people in most need of support. There is growing concern that the continued rollout of the government’s new welfare system will...
Posted: September 18, 2018, 7:00 am
Great Yarmouth Borough Council has vowed to clampdown on rogue landlords who allow tenants to live in poor housing standards in the Nelson Ward by introducing a Selective Licensing Scheme for private landlords in the local area. Following a consultation period, which closed last month, the council plans to introduce the...
Posted: September 18, 2018, 7:00 am
Barclays hopes to attract new business from landlords by remaining competitive in their buy-to-let pricing. The bank, which has reduced rates across its buy-to-let – and residential – ranges, has also has also reduced all £1,950 buy-to-let fees to £1,795 and is removing the ERCs on the majority its fee based...
Posted: September 18, 2018, 7:00 am
Rental prices continued to rise in August, albeit marginally, new figures show. The average rent agreed on a new tenancy signed last month was £947 per calendar month (pcm), up from £937 a month earlier, the data from the insurance firm reveals. Rents increased in August by an average of 0.9% compared...
Posted: September 17, 2018, 7:00 am
Tenants are adopting a longer-term view to renting property, with more private renters looking to renew their existing contracts, new research by Hamptons International shows. As the nature of the rental market continues to change, it would appear that both tenants and landlords are benefitting from longer tenancy agreements. In August there...
Posted: September 17, 2018, 7:00 am
The UK rental market is in recession for the first time since the global financial crisis, according to The Deposit Protection Service (The DPS). The latest figures from The DPS Rent Index reveal that during the second quarter of 2018, average monthly UK rent decreased for a second consecutive quarter for...
Posted: September 17, 2018, 7:00 am
Airbnb property management firm, Air Agents, has expanded from London into Bristol and Bath. With almost three million tourists visiting Bristol and Bath every year, Air Agents is looking to help homeowners capitalise on the growing short-stay market. Having achieved rapid growth since launching in London three years ago and investment from...
Posted: September 17, 2018, 7:00 am
A high number of private tenants do not know how to claim their deposit back, a new survey has revealed. Research by SafeDeposits Scotland found that 36.4% of tenants do not know how to claim their deposit back after moving out of privately rented accommodation, with more than half - 55.8%...
Posted: September 17, 2018, 7:00 am