rent
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Nigel Lewis
Comment: Rent controls and politics
The private rented sector is the focus of conflicting political aims, which are causing confusion and very possibly, rent controls, says Nigel Lewis.
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Latest property news
Scottish rent freeze – ‘a new low’ says shocked property industry
New policy is part of Scottish government's attempts to protect tenants from the cost-of-living crisis, but industry commentators argue it will have the opposite effect.
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Latest property news
Rise in rents highest in South West
The South West that has seen the biggest hike in month on month rent prices while London rents have fallen, according to HomeLet.
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Latest property news
Third of tenants happy to rent property without physical viewing
Surprising comments are made to researchers conducting a survey of the private rental market for letting software company Goodlord.
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Latest property news
No free ride during Coronavirus, landlords remind tenants
Rent payments must be maintained where possible say landlords as rent campaigners calls for a payment holiday grow louder.
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Latest property news
John Lewis signs landmark deal with rental proptech firm Canopy
Tenants among retailer's 85,000 staff will be offered a comprehensive renting solution including properties supplied by a major agency group linked to deposit-free scheme and rent reporting, helping bypass the portals.
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Latest property news
First tenants sign up to Open Banking rent-reporting service
The recent Open Banking initiative that promised a ‘revolution’ in the way bank account data can be used by third parties is already making inroads into the private rented sector, it has been claimed. Proptech firm CreditLadder says the first tenant has now signed up to its Open Banking-enabled rent reporting service and that over a thousand tenants have followed suit. The company, which calls itself a credit improvement platform and has processed £14m of rents since it launched, asks tenants to allow their bank account statements to be read each month by CreditLadder. It then notifies partner reference agency Experian, the largest in the UK, about each payment including whether the rent was paid on time and in full. This payment track record is then added to their credit history by Experian. Letting agents The service, which is being offered to tenants for free, generates its income both through a premium tenant service and a paid-for package for letting agents. CreditLadder says it already works with 700 agents branches in the UK. “When CreditLadder launched its Open Banking service last month we were acutely aware that the take up maybe held back given the newness of the technology,” says…
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Regional Reports
Kent, Bedfordshire and Cardiff
Each month we visit three agents across the country to discover what is happening in their businesses and local markets. This month we visit Kent, Bedfordshire and Cardiff.
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