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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London landlords forced to become more realistic about rents
Richard Jenkins of Lettings platform Hello Neighbour says the number of landlords pricing at any amount above market levels has fallen to just 30%, with 70% of landlords now pricing at or below market levels.
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Only a quarter of landlords care about EPCs when investing
Research by The Mortgage Lender shows more pressing matters high on landlords minds including mortgage rates, yields and location.
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Landlords reject new rent control laws in Scotland
John Blackwood of the Scottish Association of Landlords warns that a new housing bill will force investors out of the sector.
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Pioneering trial launched to make landlords’ homes compliant
Property logbook firm Chimni is working with landlords in Birmingham who are using a new lettings module to ensure their rented homes are compliant with licensing and other regulations.
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Ombudsman expels letting agency after it fails to pay compensation
Key Lettings and Property Management showed a 'systematic disregard for professional standards' according to The Property Ombudsman.
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‘Frustrated’ Lord Best says RoPA ‘not a priority’ for Gove
Lord Best told The Neg he is worried that ministers are still not treating RoPA as an urgent issue, five years after his report.
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Councillor evicted by landlord after calling for renting reforms
Sarah Classick, who is a Bristol councillor, was served with an eviction notice three months after warning that tenants needed more security.
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Lettings agency loses high profile deposit dispute case
Cedar Estates of North London was wrong to retain a deposit of more than £1,600 from two friends renting a flat.
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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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