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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Private landlord ‘exodus’ revealed in official CGT figures – claim
Thousands of landlords are leaving the PRS as Capital Gains Tax returns show, according to a wealth management firm.
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Average rent rockets 20% in a month to ‘staggering’ new record
Research by Goodlord shows the average rental is now above £1,300 per month, nearly 10% higher than the previous record.
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Government should delay EPC rule deadline, Gove says
Housing Secretary Michael Gove says landlords must be given more time to achieve the minimum EPC rating.
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More letting agencies asking larger-salary renters to provide guarantor
Tenants earning above £25K asked to supply a guarantor in increasing numbers, says director of insurance at Goodlord.
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Letting agents to face increasingly older renters as home ownership ‘out of reach’
Hamptons say there will be a million households aged over 65 renting their homes within 10 years.
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Ban on ads ruling out children and benefit families ‘set to become UK-wide’
Michael Gove is talking to the Scottish and Welsh Governments about outlawing blanket bans on children and families on benefits.
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Deposit API deal ‘makes registration much simpler’
The Tenancy Deposit Scheme has signed a tech agreement with student property specialist EREC Estates to make deposit registration 'seamless'.
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Children and pets still banned in rental ads, BBC finds
Analysis of rental ads on OpenRent and Zoopla by the BBC reveals some still ban families with children and also pets.
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Countrywide lettings senior promoted to national role
Ian Culbert is promoted from overseeing Countrywide's northern lettings operation to become national boss.
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Letting agents and landlords hit with record fines this year
Penalties imposed by local councils in London have already topped £900,000, according to data firm Kamma.
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