rental market

  • Latest property news
    Latest property news

    Scotland’s heavy regulation of rental market is ‘hitting landlords hard’ claims agent

    As the English and Welsh governments prepare for heavier regulation of their rental markets, is Scotland the shape of things to come south of the border?

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  • Latest property newsBuild-To-Rent property image
    Latest property news

    Generation Rent set to transform UK rentals – and the High Street

    ‘Generation Rent’ Is transforming the UK rental market, driving change in rental property whilst providing real hope for revitalisation of the High Street...

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  • Latest property news
    Latest property news

    Landlord tax take is hitting rental market hard, claims RICS

    The latest property market report from RICS reveals severely reducing supply as tax take hits landlords hard across the UK rental market.

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  • Latest property news
    Latest property news

    42% of tenants still unhappy about “excessive fees” despite looming ban

    Despite the looming fees ban due next year tenants say their number one gripe about renting a property continues to be the “excessive fees” they are charged by agents, it has been claimed. Lettings platform HomeRenter says 42% of the tenants it canvassed recently said they were unhappy about the large fees they had been charged, followed by having to chase agents and landlords about repairs (41%) and paying a security deposit (36%). HomeRenter has also made the surprising claim that 90% of landlords would prefer to rent their homes direct to tenants, and that it’s an arrangement 70% of tenants would prefer too. The surprisingly high figures are within research published today by HomeRenter, contradicting recent data from the National Landlords Association (NLA). It recently said 61% of properties were rented through lettings agents, a figure the NLA said increased last year. But HomeRenter says its research also shows that although 88% of landlords are happy with their rental arrangements, half of all landlords are frustrated by both poor service from their letting agent or poorly-behaved tenants. “There is a clear dissatisfaction from both landlords and tenants towards traditional estate agents,” says Will Handley, CEO of HomeRenter (picture, left).…

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  • FeaturesHanding over keys image
    Features

    Innovation will drive PRS

    Despite the challenges weighted against landlords, Paul Staley, PRS director at SDL Group, believes the private rental sector will show sustained growth in 2018.

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  • Housing Market
    Housing Market

    Rental market inflation slows

    Rents agreed in September were 3 per cent higher than a year ago, New data from the September HomeLet Rental Index reveals, but the pace at which rents are rising is continuing to slow, as landlords strive to ensure that tenancies remain affordable.

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  • ResourcesHomeLet property rental illustration
    Resources

    Rental market buoyant as tenants stay put

    Rent across the country climbed again during July, building on the increases in the first half of the year, the latest HomeLet Rental Index shows.

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  • Latest property newsUKAA screenshot image
    Latest property news

    The UK Apartment Association (UKAA) launches

    Homes that were designed and built specifically for the rental market used, generally, to be called council houses. Not any more, councils gave way to housing associations who do indeed still build properties specifically for the rental market but the new Build to Rent sector has a broader remit – homes designed for Generation Rent – and for the future. Now, the first cross-industry organisation dedicated to driving the professionalisation of the sector has been launched. The UK Apartment Association (UKAA) will focus on driving up standards of customer service and delivery to ensure that all renters are given the best possible experience. Its creation has been championed by Housing Minister Brandon Lewis, who is calling on the industry to work together to deliver more homes for rent and better standards for residents. The UKAA says that its aim is to differentiate the multi-family housing market from the amateur ad hoc rental service provided by small-scale landlords that currently make up the bulk of rentals. This is bad news in the longterm for traditional private landlords but it has to good news for tenants, especially those, says UKAA, who are making a lifestyle choice by choosing high quality, branded purpose…

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  • Latest property newsRight to Rent image
    Regulation & Law

    Right to Rent slammed

    The vast majority of landlords have not received any information from the Government about the new Right to Rent scheme which was rolled out across England this week, new research shows. From Monday 1st February 2016 it became compulsory for all private landlords in England to check that new tenants have the right to be in the UK before renting out their property. Under the new rules, landlords, including those who sub-let or take in lodgers, who fail to check a potential tenant’s ‘Right to Rent’ will face penalties of up to £3,000 per tenant. But Right to Rent, which was introduced in the Immigration Act 2014 as part of the Government’s reforms ‘to build a fairer and more effective immigration system’, has been criticised after it was revealed that most landlords are still not prepared for the new legislation. “There has been an influx of new legislation relating to the rental market made in recent years and we know that UK landlords are struggling to keep on top of these changes. Despite knowing many of the basics, many find it difficult to navigate the minefield of changing renting rights and wrongs and this is particularly so for accidental landlords,”…

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  • Uncategorised

    Rents rise at a slower pace

    Rental prices continued to increase at double-figure rates on an annual basis, and are now 10.5 per cent higher than a year ago, led by gains in the South East of England and East Anglia, the latest findings from the HomeLet Rental Index show. The pace of rent rises slowed and in some regions retracted over the three months to August 2015, compared to the previous three-month period. Nevertheless, the average UK rent on new tenancies increased by 1.6 per cent in the three months to August 2015, compared to a rise of 2.2 per cent for the three months to July and June 2015. Overall rent price increases are still running ahead of inflation and house price growth, with the Index showing that average UK rents for new tenancies over the three months to August 2015 stood at £992 per month. The most expensive rents are to be found in London, where the average rent on a new tenancy reached £1,558 per month during the three months to August 2015, up from £1,538 per month in the three months to July 2015. On an annualised basis, only the North West of England reported lower rents for new tenancies in…

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