HomeLet
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Features
The Negotiator Conference & Expo 17
It was the biggest agency networking day of the year, attended by over 500 property professionals, Iain Duncan Smith and hosted by Radio 4’s Justin Webb.
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Rental price inflation slows
Rents across the UK continue to rise, as HomeLet research reveals, though the pace of rental price inflation has slowed considerably.
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Rising rents across the UK
UK Rents rose by more than two per cent during September, new HomeLet figures reveal.
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Rents creep up in August
The latest data from HomeLet shows that the average monthly rent now stands at £939, for tenants signing new tenancies in August, marking a return to levels of annual rental price inflation, not seen for almost a year.
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Rents bounce back
The average rent in the UK rose by 1.1% in July compared to a year ago, HomeLet’s latest research shows, the first rise in three months.
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Rents still under pressure
UK Rents fell again in June, new data from the HomeLet Rental Index reveals, with the typical new agreed rent 0.3% lower than in June 2016.
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Bad news for landlords as rents fall
Average rents fell last month for the first time for eight years, the HomeLet Rental Index reveals, as economic uncertainties to take their toll across the property market.
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Latest property news
Rents rising again across the UK, index says
Average new tenancy rents in nine out of the UK’s 12 regions increased last month, according to the latest rental index from Homelet. The letting services firm says rents increased on average by 1.1% across the UK year-on-year, and that rises were highest in Northern Ireland where they increased 2.4% during July alone, and 5.4% year on year. Tenants are now paying £10 more a month to rent a property than a year ago, or £925. Scotland had the next highest rents rises at 3.6% followed by the East Midlands at 3.2%. Rent reductions But rents have continued dropping in London, the South East and North East, the index shows, by up to 1.7%. This follows national decreases in rent during April and May this year, and the rent reductions in London are the fourth in a row for the capital. A year ago rents in London were rising by 6.6%. “It’s often been the case in recent times that rents have strengthened over the summer period,” says Martin Totty, CEO of Homelet (pictured, left). “It’s a time when renters contemplate moving, demand increases, tenancy terms are set, and when the anniversary of the tenancy often occurs. “This year, that…
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Latest property news
New rent collection tech puts paid to standing orders
A new direct-debit rent collection system that significantly reduces the amount of time agents spend chasing late or non-payment of rent, and that takes tenants “minutes to set up” has been launched. Created by Lincoln-based firm PAID & CO, which is part of the Barbon Insurance Group that owns Homelet, the system uses a “socially positive incentive” carrot-and-stick approach to reward regular payers. The PAID & CO system is a cloud application and replaces traditional standing orders, which can be cancelled by tenants in order to avoid paying rent, with a web-based tool that uses BACS payments. Unofficial overdraft “Financially astute tenants often cancel standing orders ahead of when rent was due, effectively using their rent payments as an ‘unofficial overdraft’ to help meet other living costs,” the company says. Its system rewards regular rent payers with better credit scores across the UK’s three main reference agencies, SMS and email reminders of when rent is due, real-time direct debit cancellation alerts for agents and a payment ‘retry’ service. The company quotes recent Homelet research that shows half of all landlords have had a ‘problem tenant’, that two-thirds of difficulties with tenants involve rent arrears and that 68% of landlords have…
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London and South East rents fall
Rents in London fell for the first time in eight years during April, new research from HomeLet reveals, with rental price inflation across the UK falling to the lowest level for seven years.
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