Decline in Landlords will hit tenants in rent rises

A newly released National Homemover Audit shows buy-to-let landlords are currently in retreat leaving many first time buyers better able to acquire a property. However, they warn that this trend could soon lead to an increase in rents according to a leading property market analyst. The decline is most likely due to the Government’s phasing Read More >

Landlord Action calls for eviction companies to join redress scheme

Landlord Action has taken over many eviction cases following the malpractice of other eviction firms. With repossessions for landlords now taking on average 43 weeks, Landlord Action says landlords simply cannot afford to restart the process due to compliance errors. It is calling for unregulated eviction companies to become part of a redress scheme. As Read More >

Tax changes keep overseas landlords away

The proportion of foreign landlords owning property in the UK has fallen to a new low according to Countrywide. The fall is most evident in London where the proportion of overseas landlords has fallen from 26% to 11%. Tax changes appear to have discouraged some of them, whilst others have bought properties in cheaper areas. Read More >

What do tenants want?

Research by property management firm LSL has thrown up some interesting statistics concerning what tenants are prepared to pay more rent for. Top of the list is allowing pets with 24% of respondents willing to pay a higher rent for this. This is followed by high speed internet (21%), a garden (16%), parking (15%) and […] Read More >

Letting Fees banned in Queen’s Speech

The announcement in the Queen’s Speech that tenant fees will be banned is very worrying and indicates a lack of understanding by the Government on the workings of the private rented sector. David Cox, CEO of ARLA says “The announcement of the draft Tenants’ Fees Bill was disappointing. It is unlikely the Government had enough Read More >