London-based estate agent firm Foxtons confirmed the acquisition of Atkinson McLeod for GBP7.4 million, to be funded from its existing cash reserves. Atkinson McLeod is an estate agent operating in Central East London, with four branches, bringing in around 90% of its...
Industry News
Tenants in mouldy flats are silenced, according to Generation Rent
Generation Rent has accused landlords of “silencing” private tenants who live in properties hit with damp and mould. The group’s outgoing director - Baroness Alicia Kennedy - says: “The ability of landlords to evict tenants without needing a reason ruins lives by...
Are councils acting illegally when telling tenants to stay put?
Property118 have run an opinion piece on why Councils tell tenants to remain in their rented home, and question its legality. It can be seen here, and having explained when a person is classed as homeless, goes on to explain that councils are desperate to cut the...
Supreme Court ruling on responsibilities of ‘rent-to-rent’ companies
A recent ruling by the Supreme Court has cleared established who is responsible for licensing a rental property, where the property is subject to 'Rent to rent'. In the case of of Rakusen v Jepsen, the landlord, Mr Rakusen, agreed to let a flat to a rent-to-rent...
Rental market to be examined by Government watchdog – ‘landlords have too much power’
The Competition and Markets Authority (CMA) has launched an investigation into consumer protection for renters amid concerns landlords have too much power in negotiations with tenants. The report will examine how an extreme shortage of properties has enabled the rise...
CAB say that landlords should pay more to avoid mould and damp
Citizens Advice claims that its research shows “1.6m children currently live in privately rented homes with damp, mould or excessive cold” and that over half of private renters in England - 2.7m households - are “struggling with one or more of these issues right...
Criminal Landlords
Rogue landlords are conning the government out of millions of pounds by fraudulently claiming housing benefits for so-called “ghost tenants”, it has been revealed. Criminal gangs are among those buying cheap property to convert into housing for vulnerable people, in...
Labour MP claims Section 21 being used to convert family homes into holiday lets
Luke Pollard, the MP for Plymouth Sutton and Devonport, was speaking in a brief question and answer session about second homes in coastal areas. This follows his campaign entitled ‘First Homes Not Second Homes’ He has told the House of Commons that “The pandemic...
Birmingham City Council is ‘worst landlord’ in the city, says councillor
Birmingham city council is “probably the worst landlord” in the city after a special report detailed multiple housing failures at the local authority, a councillor has said. Conservative councillor Meirion Jenkins made the remark during the council’s audit committee,...
Landlords with cash to buy could be the biggest winners in the current market
Over a third (38%) of My Auction’s current property lots are from buy-to-let investors looking to exit the market quickly, the online property portal has revealed. The company’s market analysis shows that landlords with cash to buy could be the biggest winners in the...
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RICS UK Residential Market Survey released
RICS UK Residential Survey, March 2024 The new survey can be found here, and indicates positive trends in the housing...
More than 50 residents who lost their home due to fire begin High Court claim
The residents who lost their homes in the fire at Richmond House have taken legal action against Metropolitan Thames...
Commons Committee Report Calls for Urgent Reform of Shared Ownership Schemes
The Commons Levelling Up, Housing, and Communities Committee has released a report on shared ownership, highlighting...