Rental market
News covering the Private Rented Sector with relevance to letting agents and landlords and the wider residential property industry.
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Unscrupulous landlords ‘exploiting’ rent-to-rent – claim
Propertymark says there are cases where landlords ensure the firm running a sub-let pays for refurbishment.
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Hybrid lettings firm claims ‘first ever’ end-to-end DIY platform
Hello Neighbour's self-service platform takes landlords from start to end of entire lettings lifecycle and is claimed to be industry first.
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Tight supply, high rents and ‘lockdown pets’ stop tenants moving
The DPS says the average tenancy length in England and Wales increased by 218 days during the past four years.
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Rent arrears climb 24% year on year as tenants struggle
The trend is not helped by the cost of rent which has outpaced salary growth by 5.2% over the past 10 years, leaving renters significantly worse-off today than they were a decade ago, says Reposit.
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High energy bills now add ‘extra month’s rent’ to annual costs for tenants
Hamptons says its research reveals just how much pressure some tenants are under financially as they are squeezed from all sides.
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Major BTL lender reveals significant landlord switch to HMOs
Shawbrook says its lending book saw a 10% rise in the number of loan applications to fund HMO purchases as landlords seek safe havens.
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WARNING: Tenancy fraud up 140% in a year, reports rental platform
An analysis of over 600,000 tenancy applications has found that the number of fraudulent applications has soared.
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Build-to-rent houses next big threat to private landlords
Knight Frank says that there has been a huge increase in single family house building amid surging renter demand and investor interest – and numbers could triple.
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Agents refusing to sell cladding hit homes, claims campaigner
Jim Illingworth of the Birmingham Leaseholder Action Group wants to hear from flat owners affected by ongoing cladding-related problems when selling properties and applying for mortgages.
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OFFICIAL: Millions still struggling financially but position ‘improving’
The Financial Conduct Authority has found that found 7.4 million people were struggling to pay bills and credit repayments in January, down from 10.9 million in January 2023.
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