Another leading research team in a major agency has revised upwards its forecast for the 2021 market. Savills revised its predictions recently and now it’s the turn of Knight Frank. Referring to the mainstream market, Knight Frank research head Tom Bill says: “We...
Industry News
Rents up over 20% a year in West Midlands
An upbeat market snapshot for the lettings sector claims that one region of the UK has seen rent increases in excess of 20 per cent a year. The Home website’s latest index shows year-on-year average rent growth reaching 20.5 per cent in the West Midlands. The south...
Council seeks approval for large licensing scheme
A council has now approved plans for two of the country’s largest licensing schemes - one is so large it needs government approval before it can be implemented. Oxford’s Labour council has agreed to renew an additional licensing scheme for all HMOs in the city, and...
More tenants keep renting due to higher house prices
Research by Hamptons suggests that the increased house prices caused by the stamp duty holiday sales surge has indirectly obliged more tenants to stay renting - because they cannot afford larger deposits. That’s the analysis by Hamptons in the agency’s latest rental...
Coronavirus: Support for landlords and tenants
The House of Commons Library has just released a report summarising the help available for landlords and tenants, and can be seen here. It concentrates mostly on establishing security of tenure for tenants, without mentioning the increasing problem of tenants able to...
Student landlords treated better than student tenants – claim
Landlords have benefitted from tax breaks, subsidies and a weak eviction ban according to the National Union of Students. Larissa Kennedy, the organisation’s president, has written to Housing Secretary Robert Jenrick to claim landlords have been treated far more...
Rogue tenant fined £9,000 for illegally sub-letting HMO
A lead tenant who posed as a landlord has been ordered to pay £9,047.50 in fines and costs and handed a criminal record for breaching housing laws. Brent Council in London originally issued Sonia Nascimento with a £5,000 Civil Penalty Notice but after she refused to...
Company Voluntary Arrangements: Guidance for Landlords
Mischcon de Reya have just published an article on 'Company Voluntary Arrangements: Guidance for Landlords' It can be seen here, and is also below:- What is a CVA? A CVA is a legal rescue process to enable a company to make an agreement with its unsecured...
Ban on commercial evictions extended to 30 June and bailiff enforced eviction ban extended to 31 May
The Government have just announced a further extension to the eviction ban. The announcement can be seen here and claims:- Ban on commercial evictions extended to 30 June to ensure businesses are supported as they re-open Six-month notice periods and bailiff enforced...
Landlords beware – pets are coming to the private rental sector
An inventory supplier to the lettings industry is advising landlords to make sure they spot early signs of pet damage in properties - and to prepare for pets to be a bigger part of the private rental landscape in future. No Letting Go, the UK's largest provider of...
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What is happening in the UK property market?
Property Industry Eye has published an article, and video by Chris Watkins from UK Property Market, Stats Show. It can...
The London Mayor is calling for tougher sanctions for private landlords who let out mouldy homes in the capital.
Under the impression landlords are always responsible for mouldy homes wants to see rent rebates doubled if landlords...
How would YOU fix the housing market?
Under the heading 'How would YOU fix the housing market? We ask property expert Jeremy Leaf' This is Money published...