rental market
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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 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
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
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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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
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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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 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 news
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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