New vendor and landlord enquiries to estate agents fell significantly in the past week raising concerns a tightening market is adding to an already pressing supply crunch
Sales decrease through lack of vendors
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Industry News
Tenant discriminated against for receiving benefits
All agents should understand the implications of this case and realise it is unlawful to reject anyone who is in receipt of Universal Credit.
Will you have to re-start your eviction procedure?
Letting agents and landlords who have not applied for a reactivation notice to keep possession claims going will now have to start from scratch.
Agent charges for Covid cover
The Property Ombudsman, Rebecca Marsh, addresses a complaint about an agent deducting money from the rent to cover the costs of Covid.
Cladding loan scheme
On 29 April 2021 the Commons Housing, Communities and Local Government Committee published a follow-up report on cladding urging the Government to re-commit to the principle that leaseholders should not have to pay for the removal of unsafe cladding from their homes.
Fire Safety Act 2021
On 29 April 2021 the Fire Safety Bill received Royal Assent. The Fire Safety Act amends the Regulatory Reform (Fire Safety) Order 2005. It aims to make it clearer where responsibility for fire safety lies in buildings containing more than one home.
A different way to invest in property: The rise of the Landlord-Developer
You have a spare £50k and you like the idea of using it to make a profit through property. Once upon a time, buy-to-let would be the obvious strategy to pursue. But these days, not so much.
Rents and tenants increase
According to the trade body, there were 84 tenants per branch in March compared to 82 in February, with the West Midlands recording the highest number of new tenants registered per branch of any region last month at an average of 157.
Landlords without EICR now facing fines of up to £30,000
The deadline for landlords to obtain an EICR was April 1st. That deadline has now passed, and any landlord who missed it is facing a fine of up to £30,000.
Auction statistics
The Essential Information Group has published a newsletter on the number of auctions since 2009.
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