Category Archives: Letting

Measures aimed at fixing Britain’s ‘broken housing market’ being unveiled

Measures aimed at fixing Britain’s “broken housing market” are being unveiled by ministers.

Communities Secretary Sajid Javid is saying the proposals will help people currently priced out of buying a home, and bring more stability to renters across England.

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Jobs boom pushes serious rent arrears down 4%

Fewer tenants are falling into serious rent arrears thanks to the improving employment market, according to letting agents Your Move and Reeds Rains.

In absolute terms, just 86,200 tenants across the UK are more than two months behind in their rent. This compares to 89,300 in the previous quarter. This represents a 4% fall and means that 3,100 households in homes to let have moved out of serious rent arrears since the end of 2015. Continue reading

Cost of renting one-bed property soars in UK

The cost of renting a one-bedroom property in the UK has risen to swallow almost half of the average young worker’s take-home pay, according to figures, while those living in London are typically handing over 57% of their monthly wages.

The average cost of a new tenancy on a one-bedroom home hit £746 a month in May, taking up 48% of the take-home pay of a worker aged under 30, data from property firm Countrywide showed. Continue reading

Housing Bill should also include rogue tenants list, says AIIC

The Housing and Planning Bill, which includes measures to tackle criminal landlords and letting agents, should also address the issue of problem tenants, according to the Association of Independent Inventory Clerks (AIIC).
Included in the Bill are proposals to ban and fine criminal landlords and letting agents, introduce rent repayment orders and establish a database of ‘blacklisted’ landlords and agents.

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Retirees choose to rent by the sea as property prices soar

The average price of a home in Britain’s seaside towns has risen by a third over the past ten years, according to research by Halifax, which is leading many older people to rent by the sea when they retire, says Peter Girling, Chair of Girlings Retirement Rentals.

Halifax found that the average seaside property price is now £208,729 compared to £159, 522 in 2005, with the UK’s most expensive seaside town Salcombe in Devon with an average price of £672,874, followed by Sandbanks in Dorset with an average of £614,726. Continue reading

Landlord support for Labour and Lib Dems halves since 2010 election

Landlord support for Labour and the Liberal Democrat Party has halved since the 2010 General Election because of their interventionist policies for the private rented sector (PRS), according to the National Landlords Association (NLA).

Research from the NLA shows that landlord support for the Labour Party has fallen from 11 per cent in 2010, to just six per cent who say they intend to vote for Ed Miliband at the polls on May 7th. The NLA predicts a further slide in Labour support, as the research was conducted before the party manifestos were published and the Labour leader confirmed his intention to cap rent increases at the rate of inflation. Continue reading

Scottish landlord exodus imminent

New research suggests there will be an exodus of landlords from the Scottish Private Rental Sector (PRS) in light of the removal of no fault grounds for repossession and the spectre of rent controls in City hotspots.   

The figures from lettings portal Citylets make for stark reading and have far reaching consequences for the sector which is already struggling to meet demand in some of its major cities. Continue reading