A lack of homes to rent is causing tenants to remain in their homes, research reveals. In its latest report, Propertymark says that 73% of letting agents say they have seen an increase in renters wanting to renew tenancies rather than move over the past year. They state: “With the recent lack of stock, it […]

Strong rent price growth means that tenants have lost a bedroom when spending the same amount of cash as they did in 2020, research reveals. The findings from Hamptons show that the average two-bed rental property at £1,068 per month today is what renters were spending for the average three-bed rental just 16 months ago. […]

A council has revealed that its plan to restrict the number of residential properties that are turned into houses of multiple occupation (HMOs) is now a step closer. The move has been revealed by Coventry City Council in a report that outlines the council’s intentions. And one councillor says the council is: “Supporting residents and […]

A pilot scheme that helps tenants threatened with eviction to stay in their homes has been extended after more cash was awarded. Cornwall Council will now extend the scheme that sees up to £5,000 being made available to help tenants of privately-owned properties who have fallen behind in their rent and are at risk of […]

Hello everyone, I am keen for readers’ views relating to the fire risk assessments and Fire Risk Appraisal of External Walls (FRAEW). I’m just wondering how other professional landlords are faring with this – the Act is unclear about how we are to progress or what we can to do help the situation – with […]

In this property market update, John Howard and I are covering the recession, interest rates, and the outlook for Buy to let investors and developers. We debate our predictions for what this means for property investors as property prices and rents continue to sore & interest rates rise yet again. Season 5 of Property Elevator […]

Whether or not landlords should capitalise on sky-rocketing rental demand is a political hot potato. There are polarised opinions even among the Private Rented Sector’s leading centre’s of influence.  For example … Eddie Hooker, CEO of Hamilton Frazer (the owners of MyDeposits, Landlord Action and several other well known brands in our sector) is advising […]

Landlords and property owners are helping to push up the inheritance tax grab with news that in the three months to July, the Treasury raked in £300m more than they did last year. And that has led one financial expert to say that inheritance tax (IHT) is ‘no longer the preserve of the rich’. The […]

Hello everyone, The property I have just purchased has over £400 outstanding on a secondary prepayment meter in a leasehold flat, resulting in no electricity. The freeholder sells credits for the meters but, of course, I will not get any electricity until I have paid the debt. He is not interested in clearing the debt. […]

Rising numbers of students heading to university, coupled with a slowing supply of new student housing, means that by 2025, the UK will face a shortfall of around 450,000 student beds, research reveals. According to the latest data from StuRents there is currently a shortage of 207,000 which will not only push rent prices up […]

New data shows that the number of homes to rent in London fell between July last year and July 2022 by 38% – and the capital has now entered a ‘landlord-driven market’. But the number of tenant enquiries over the same period rocketed by 60%. The figures have been published by real estate firm Chestertons […]

As a large property network, ensuring our franchise partners are able to navigate the ever-changing world of Permitted Development Rights (PDRs) and Article 4 Directions is key… and something our planning department discusses with them daily. Mahsa Khaneghah is the Head of Planning and Sustainability at Platinum and has observed, through her years in planning, […]

Landlords around the UK have been warning for years that with growing numbers leaving the private rental sector, tenants will increasingly struggle to find somewhere to live and, it seems, that this has now come to pass. Two stories from Glasgow this week highlight what can happen when rented accommodation becomes scarce – but landlords […]

Landlords and letting agents should be protected under the new Statutory Debt Repayment Plans (SDRP) from tenants who may exploit a loophole if they have racked-up rent arrears. Propertymark says that the proposals for SDRP would see rent arrears being considered as ‘discretionary’ so a rent debt won’t be added to the plan – and […]

Morning All, I have a remortgage renewal and the lender wants to take a ‘soft charge’ on the freehold of the building which houses 6 flats. They say because I am the director of the management company and the long lease holder this becomes necessary. Interestingly they go on to say that a share from […]

Affordability is becoming increasingly important in the lettings market as it continues to heat up over the summer, one lettings agency reveals. They point out that its rental value growth forecasts for 2022 are being upgraded as stock remains low and demand shows little sign of easing. That’s according to Nicky Stevenson, the managing director […]

Tired of renting, fed up with regulations, constant tenant hassle, costly repairs and, to cap it all, hammered by Section 24 Tax? You are not alone. Landlords nationwide have had enough and are looking to get out of renting by selling all or part of their portfolios. But, if you want to sell quickly without […]

Many tenants say they feel ignored by their letting agent, with delays in responding to problems being the most common complaint, research reveals. Researchers questioned 2,000 tenants and found that 31% of those who tried to contact their letting agency with an out-of-hours emergency didn’t receive a response. Whilst delays have plagued many tenants, 29% […]

Landlords in Scotland could be facing hefty bills to improve their homes to meet the EPC C rating after one minister said the country is facing a ‘monumental but essential task’ in overhauling its old housing stock. The warning comes from the Minister for Zero Carbon Buildings, Active Travel and Tenants’ Rights, Patrick Harvie (pictured, […]

One in seven university students fear they may become homeless within the next six months as escalating bills, rent and food prices pile pressure on their limited finances, research reveals. The Nationwide Building Society says that its poll of 1,000 university students found two-thirds (66%) of students are struggling to afford to pay for their […]

They are probably the thoughts of many landlords around the UK, but one council in Wales decided to carry out a survey to find out what the landlord experiences in the city are. Newport City Council says its aim for the survey ‘was to better understand the private rented sector’. The council also wanted to […]