More middle class renting

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Research carried out by the Institute for Fiscal Studies (IFS) shows that 50% of middle-class children are now caught up in rental accommodation. They are being brought up in rented housing because rising property prices mean couples are being forced to start families before they can afford to buy their first home. The research shows […]

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Licensing critic Gavin Barwell appointed Housing Minister

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Gavin Barwell was this week named Housing and Planning Minister by new Prime Minister Theresa May. But what is this likely to mean for PRS landlords?
Barwell, MP for Croydon Central said he was keen to work with landlords, councils, housing authorities and developers to tackle the UK housing crisis – and has been a vocal critic of the controversial licensing schemes being introduced throughout the country.
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Rents continue to rise…

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Rents continue to rise, though with a slight reduction in the growth rate experienced over the last couple of years. Rental data from the June HomeLet Rental Index shows that in June this year the average UK private rent stood at £773 per calendar month, which is up by 3.5% from the previous year. In […]

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Home office clarification on Right to Rent for students

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The Government has addressed the confusion over rules regarding Right to Rent checks on foreign students coming to start courses in the UK.
The RLA approached the Home Office asking for clarification on whether checks must be carried out twice – when agreeing the tenancy, potentially months in advance, and again 28 days or less before students were due to move in.
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New Housing Minister appointed

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Gavin Barwell will be taking over from Brandon Lewis as Minister for Housing, Planning and London.  MP for Croydon Central Barwell has joined the team at Department for Communities and Local Government led by Sajid Javid, who was appointed Communities Secretary last week. Brandon Lewis now becomes Minister of State for Policing and the Fire […]

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Welsh Assembly urged to scrap unfair landlord tax

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The Residential Landlords Association (RLA) Cymru is asking the Welsh Assembly to scrap the 3% stamp duty levy on buy-to-let properties to boost the number of homes to rent.
The Welsh Assembly is set to adopt the new Land Transaction Tax – the Welsh equivalent to stamp duty – and the RLA is now lobbying AMs to drop the surcharge which was brought in by George Osborne.
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Wembley rogue landlord jailed

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A Wembley rogue landlord has been jailed for illegally evicting tenants. A Wembley landlord who waged a war of intimidation against tenants living in his property has been sentenced to four months imprisonment and ordered to pay costs and compensation of £20,000. Rehan Sheikh of Manor Drive was found guilty at Willesden Magistrates Court of […]

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Corporate investors failing the PRS say Lords

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The new Government needs to back the nation’s landlords as a new report by Peers finds that institutional investors are failing to provide for the rental sector.
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5m extra homes needed in England

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An extra 5m homes will be needed in England for the old, migrants and singles over the next 25 years. The impact of an ageing population, more immigration and a singleton lifestyle, new projections produced by Government estimate, that over five million new homes could have to be built in England in the next 25 […]

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Divorce drives rise in renting for over-50s

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New research points to a significant rise in the number of older renters due to what is thought to be the result of the “silver splitter” phenomenon. 14,000 home insurance customers surveyed by GfK Financial found that one-third of over-50s now rent, compared with only 26 per cent five years ago. But the insurance company […]

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View Full Article: Divorce drives rise in renting for over-50s