SpareRoom have just conducted an investigation into the amount of rent paid. The findings can be found here, and starts with the premise that rent should cost around 30% of monthly salary. Their article states: We hear the phrase 'affordable rent' all the time. But...
News
Amendments to the Home Office code of practice for landlords
On 11 February 2022 the Home Office launched a consultation on proposed amendments to the Home Office code of practice for landlords on avoiding unlawful discrimination when conducting ‘right to rent’ checks in the private rented residential sector. This consultation...
Landlords scramble to buy eco properties and avoid £10k upgrade costs
The Telegraph has published a series of articles recently on landlords. This one is about buying energy efficient homes. It can be seen here, and says: Landlords have scrambled to buy energy-efficient properties in a bid to get ahead of costly eco upgrades that...
Households in temporary accommodation in England
The House of Commons library has provided a paper on Local Authorities use of temporary accommodation. The full paper can be seen here, and the summary here, and says: Why do authorities use temporary accommodation? Local housing authorities in England have a duty to...
Many tenants hide pets from landlords
It’s suggested that almost a third of pet-owning tenants have been hiding their animals from agents or landlords for more than three years.Research from Build To Rent operator Quintain Living, based a survey of over 1,000 private tenants across the whole rental...
Mortgage and landlord possession statistics: October to December 2021
The Government has published statistics on mortgage and landlord possessions It can be seen here, and says: 1. Main Points This publication provides mortgage and landlord possession statistics for October to December 2021. In general, we have compared figures to the...
Mortgage prisoners
The House of Commons Library has issued a paper on the problems of mortgage prisoners, and what can be done to assist. The full report can be seen here, and a summary here, which say Who are mortgage prisoners? “Mortgage prisoners” are people who are unable to switch...
Landlords need guidance to hit new EPC targets
At least a quarter of rental properties have an EPC rating of D or below fuelling concerns the market could face challenges when new energy rules come into effect. This is according to a survey by Shawbrook Bank which also found landlords would welcome guidance and...
New Right to Rent Guide issued
The government has issued new Right To Rent guidance for landlords.It can be seen here, and makes only minor modifications to previous versions but the latest 80 page document advises a landlord, letting agent or homeowner how to conduct a right to rent check when...
Rising cost of living in the UK
The House of Commons Library has published a paper on the Rising Cost of Living. The full report can be seen here, and a summary here, which says: The cost of living has been rising since early 2021, but in December 2021 inflation reached its highest recorded level in...
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Court system is failing landlords wanting to evict tenants
Property118 has highlighted the problems that the UK's court system inefficiencies and backlogs are creating...
Rise in fraudulent applications being seen
The surge in fraudulent tenancy applications reported by Homelet underscores the growing challenges in the rental...
Fall in new home registrations is creating crisis for the sector
Writing in Estate Agent Today, Jonathan Rolande has an opinion piece in which he says that the recent sharp decline in...