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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Big thumbs up from letting agents following Government’s rejection of rent controls
Propertymark says the Government's criticisms of rent freezes or caps is right, and that the priority is to increase supply not control rents.
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All female property team expands as client list grows
LRPM boss Letitia Randell says there was no plan to only recruit women, and intends to welcome male staff.
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Industry ‘in limbo’ after ‘half-baked reforms’ says inventory chief
Inventory chief Daniel Evans says the Renters (Reform) Bill is a "half-baked cake" which breeds uncertainty.
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‘God help us!’ Property industry reacts to latest PRS changes
The Renters (Reform) Bill, introduced by Michael Gove, is progressing through Parliament without a commitment to reform the courts system.
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Three quarters of house sales sink below asking price, data shows
Propertymark chief Nathan Emerson says its latest survey reveals a high number of deals under the original amount.
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Agents and landlords ‘will not get dedicated housing courts’
MPs on an influential select committee had supported suggestions dedicated housing courts are desperately needed.
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Mortgage fraud rockets nearly 33% warns finance firm
Bridging loan specialist firm Apex says both mortgage and rental fraud have risen in the last year.
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Agency renewal fees paid by landlords should be banned says proptech firm
Proptech lettings platform Hello Neighbour launches ‘Stop Renewal Fees’ campaign which it says will make the industry fairer for all.
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Abolition of Section 21 – stay of execution
The Government has pledged that section 21 ‘no fault’ repossessions will not be scrapped until improvements have been made to the way courts handle legitimate possession cases.
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Landlords demand changes to PRS reform ahead of MPs debate
Ben Beadle, CEO of the NRLA warns that landlords must be onboard with the Renters Reform Bill, before its second reading.
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