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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Landlords ‘driven out by tax and regulation’
Ryan Etchells of lender Together says buy-to-let investors are exiting the rental market or reducing their portfolios because of extra taxes and new rules.
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CLAIM: ‘Growing number of landlords really are selling up’
Big property data company reveals 18,000 properties have exited PRS in the last three months.
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‘Renting reforms won’t work unless three key areas changed’
NRLA has made the comments as Bill prepares to enter Committee Stage in Lords, saying action is needed to bolster courts, include all student properties and reverse plans for rent arrears extension.
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Lettings boss says Scots rent cap ‘political not practical’
David Alexander accuses the SNP Government in Scotland of being "disconnected from reality" and of using new rent control measures to satisfy its voters.
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Campaigners claim tenants ‘struggle to get deposits back’ off agents
Generation Rent says a quarter of renters find it difficult to reclaim the full deposit at the end of a tenancy.
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RESEARCH: No growth in rental sector for nine years
Zoopla Executive Director says the number of rental homes has been stuck at 5.5m since 2016 when George Osborne's buy-to-let tax changes hit.
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‘Pivotal moment’ for BTR says Association for Rental Living
Association is calling on the BTR sector to work together to drive progress, shape policy and amplify its voice.
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Stamp Duty rise ‘impacting’ landlords’ investment plans says big lender
The SDLT surcharge for buy-to-let and second homes has now risen from 3% to 5%, threatening the future of the PRS.
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Agent tells homeowners ‘rent out, don’t sell’
Nicky Lloyd, Head of ESPC Lettings in Edinburgh, says with rental yields above 7.5% and property prices rising, it makes more sense to hold on than sell.
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One in five tenants has to borrow deposit money
Research by alternative deposit company Reposit reveals that the ability to pay a cash deposit is not a reliable indicator of a tenant’s financial stability.
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