The National Association of Property Buyers has backed Newham Council, which has allocated an initial £20m to a preventative scheme, which aims to allow renters to stay in their homes rather than becoming a further drain on services. Newham expects to buy up to 44...
News
Rightmove + Hamptons Market Updates
Rightmove said UK asking prices rose by 0.4% in September after falling by 1.9% in August. However, the rise is below the 10-year average of 0.6%, home sales are down 7% versus 2019 pre-Covid, and asking price reductions reached a 12-year high. Nonetheless, the...
Properties with low EPC becoming hard to sell to other landlords
Research carried out for Foundation Home Loans has shown that 71% of the nearly 1,000 landlords it quizzed said they were unlikely to buy a property which has an EPC rating of less than C, with portfolio landlords more likely to be wary of these homes than those with...
Selective Licensing has started in Brent
Since August 1st, a new law mandating landlords to acquire a selective licence has come into effect in three Brent wards. Landlords renting out properties in Dollis Hill, Harlesden & Kensal Green, and Willesden Green are now legally obliged to possess this...
New How to Rent guide coming soon
The Department of Levelling Up, Housing and Communities has announced that a new How To Rent guide will be issued in early October. Private landlords MUST serve the latest version of the guide at the start of any new tenancy and on renewal if there has been an update...
Former Housing Minister claims ‘rental market broken’
Following a very small poll of landlords - polling firm for real estate investment company Castleforge spoke with 4,162 adults but only 719 identified themselves as private tenants, Sir Bob Neill - a former minister at the Department for Communities and Local...
Selective licensing schemes are an unnecessary expense and should only be used as a last resort
Property118 has published a special report saying that 'Up and down the country landlords are caught in the trap of having to pay for a selective licence. These licenses aren’t cheap and for the money landlords spend, councils don’t appear to be inspecting...
Renters Reform Bill driving landlords out
A new report on the state of the lettings industry suggests figures are growing fearful of the impact of the Renters Reform Bill. Some 43 per cent of agents feel either somewhat or very pessimistic about the Bill. However 29 per cent are feeling optimistic about the...
Trend of fewer properties and more tenants to continue – report says
Goodlord and Vouch have today released the sixth annual State of the Lettings Industry report, which brings together the views of more than 2,000 letting agents, landlords and tenants from across England, Wales, and Scotland, who were surveyed on more than 100 topics....
More money made available for disability adaptations
Landlords can access the funding from the local authority Disabled Facilities Grant, providing they have a tenant living in the property that requires the adaptation. Currently, DFG’s can be used to fund up to £30,000 towards adaptation in any one home in England. The...
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Another London Borough brings in licensing
Starting in September, landlords in certain areas of Lambeth will be required to purchase a £923 license to rent out...
Large fine for no HMO licence
Haringey Council in London has successfully prosecuted a couple for failing to license a House in Multiple Occupation...
Off-Plan Buyers Drop
Higher interest rates have caused off-plan home sales to tumble in the UK, prompting the nation’s housebuilders to...