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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Green MP urges Labour to ‘buy the supply’ of rental homes
Siân Berry tells the Guardian councils should “snap up” rental homes as they come onto the market to rebuild social housing stock.
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New cash welcome but courts must improve, warns Propertymark
The trade body says funding to help households threatened with eviction is much-needed, however it must come with big changes to the court system.
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Guarantor-backed tenancies surge ahead of Renters’ Rights Act
Generation Rent found that more than 40% of new contracts required a guarantor this year, and there was also an increase in demands for multiple months' rent upfront.
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CLAIM: Landlord exodus to accelerate next year
Legal, financial or regulatory risks mean rental market is reaching a tipping point for many small-scale landlords, claims property firm.
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Ministers told landlords lack “limitless reserves” for EPC upgrades
The NRLA says ministers should not assume all property owners have deep pockets to finance EPC improvements.
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Renters’ Rights Act ‘will shut students out of rental market’ warn landlords
Student sector faces major disruption as new possession timetable means landlords cannot guarantee empty homes for ‘next year’s cohort’ says NRLA.
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Chancellor refuses to rule out more property taxes
Rachel Reeves told MPs on the Treasury Select Committee that she had "narrowed the gap" between earning from work and income from property.
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Letting agents say Welsh reforms ‘a dud’ as supply dwindles
Three years after the Renting Homes (Wales) Act became law, new NRLA research reveals it has had a mixed impact on the rental market.
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Government analysis agrees landlord exodus is happening
Law changes and tax threats are behind property owners deciding to leave the PRS, an official survey shows, as Ben Beadle at the NRLA warns of tenant homelessness.
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Academics expose crime-ridden ‘shadow’ rental market
Rent-to-rent scams, slum lets, cannabis farms and money laundering are now ‘embedded in PRS’.
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