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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Almost all renters unable to buy a property, new findings reveal
Around 85% of tenants cannot afford to purchase their own home, according to research by investment firm Monta Capital.
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Landlords face crunch mortgage decisions within 12 months
Research from The Mortgage Lender shows 40% of mortgaged landlords have to renew their loan in the next year, and a third may raise the rent.
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Landlords drop rents in London amid void warnings
Adam Jennings at Chestertons says there is a 125% increase in landlords lowering rents as the market in the Capital cools.
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New crackdown on landlords ‘must involve letting agents’ – claim
Propertymark says letting agents should be more involved in Manchester Mayor Andy Burnham's 'Good Landlord Charter'.
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Court orders property duo to pay £600K over terrible flats
Joel Salem and Judith Robinson-Dadoun face a fine of £350,000 and costs of almost £250,000 for failing to comply with an enforcement notice.
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REACTION: Chancellor drops bombshell budget on agents and landlords
Jeremy Hunt announces in Budget he is scrapping the short-term lets tax regime, and abolishing stamp duty relief on multiple dwellings.
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Regulator ‘must have teeth’ to suspend estate agencies, Lords told
Timothy Douglas from Propertymark says a new regulation body needs to have powers to stop rogue agencies operating.
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Rental market ‘has lost thousands of properties’, landlord leader warns
John Blackwood of the Scottish Association of Landlords says property owners are reacting to 'hostile policies' by reducing their portfolio.
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Mayor slams Government over Section 21 ban ‘dithering’
Mayor of London Sadiq Khan accuses ministers of broken promises over 'watered down' reform of Section 21 'no fault' evictions.
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Property chiefs deliver key demands to NI’s re-started Executive
Propertymark's blueprint includes a new code of practice for letting agents and tax reforms following the recent restoration of power sharing in the country.
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