Newcastle Landlords’ Conference

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Landlords & Agents:

The next Newcastle Landlords’ Conference will be held on Wednesday 21st March 2018 at the Newcastle Falcons Conference Centre.

The theme of the event will be ‘Getting business ready; Keeping on top’ and confirmed speakers so far include David Cox, Managing Director of the Association and Residential Letting Agents and Richard Lambert, Chief Executive Officer of the National Landlord Association.

Additional expert speakers will be added over the forthcoming months which will create a bumper packed agenda and making this the mustn’t miss event of the year.

Although the event is being held in Newcastle we collaborate with other local authorities, landlords and agents attending who have portfolios that span both the North East and the rest of the UK.  This makes our event an excellent opportunity for any business that provides goods and services to the lettings market a chance to expand their client base, improve business networks and meet new customers.

If you are interested in taking part in the event please complete the attached booking form or contact me directly if you would like further information.

Newcastle Landlord Conference 2018

‘Getting business ready; Keeping on top’

Wednesday 21 st March 2018

Newcastle Falcons Conference Centre

Emma Knowles, Housing Project Officer, Newcastle City Council, 0191 2771438

www.newcastle.gov.uk    www.privaterentedservice.co.uk

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Inquiry into whether councils have adequate powers to tackle ‘rogue landlords’

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The Communities and Local Government Committee has this week launched an inquiry into whether councils have adequate powers to tackle ‘rogue landlords’.

The brief of the inquiry into the Private Rental Sector (PRS) is detailed the committee below:

• To examine the role of local authorities in the PRS focusing on the provision by councils of private rented accommodation and whether they have sufficient powers to deal with bad practices.

The post Inquiry into whether councils have adequate powers to tackle ‘rogue landlords’ appeared first on Property118.

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Rental Demand in Central London Outstrips supply

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Central London Rents:

Average rental values in prime central London dipped just 0.1% in the three months to September, and average rents were down 3% year-on-year, representing the slowest declines in almost two years, that’s according to the latest Knight Frank PRIME CENTRAL LONDON RENTAL INDEX.

Higher supply in the rental market had been due to pricing uncertainty in the sales market after the stamp duty tax hikes, meaning more owners decided to let rather than sell. However, this trend, it appears, is now reversing.

“While the availability of lettings properties has become more muted, demand is rising, which is also boosting rental values. The number of new prospective tenants registering in the first eight months of this year increased 19.6% and viewing levels were 25% higher than last year.

“There is no sign that recent tax changes for landlords have exacerbated the trend for declining levels of new stock in any material way by prompting landlords to sell.

“Recent tax changes include the reduction of tax relief on mortgage interest, the loss of the wear-and-tear allowance and a 3% stamp duty levy for buy-to-let investors,” says the report.

The main points of the report:

• Average rental values fell 3% in the year to September 2017, the smallest decline since June 2016
• The number of new lettings properties on the market between January and August 2017 increased 2.2%
• The number of new prospective tenants increased 19.6% between January and August versus 2016
• There was a 9.8% increase in the number of landlords re-letting their property in the year to August 2017
• The average prime gross yield in September was 3.2%

So, despite the drop in the number of buy-to-let mortgages taken out after the 3% stamp duty was introduced in April last year, the Knight Frank data shows there was a 9.8% rise in the number of landlords who re-let their property in prime central London in the year to August 2017.

This trend clearly underlines the fact there has been no large-scale exit from the buy-to-let sector in central London.

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