£1 in every £14 lent is for BTL – the pendulum has gone too far

admin    Uncategorized     agents

A couple of days ago I shared an article from the Telegraph entitled “160,000 rental properties disappear as landlords sell up” – with some commentary that has had a fair few thousand impressions on social media, including a couple of thousand views on my YouTube channel on my video on the subject (that’s a big deal for my little channel!).

View Full Article: £1 in every £14 lent is for BTL – the pendulum has gone too far

Crossrail stations offer a haven for London’s house prices

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While London has seen house prices fall in the past two years, properties near Crossrail stations have shown some growth, one estate agency says.

Benham and Reeves say the stations offer a surprising bright spot in the capital’s property market

On average

View Full Article: Crossrail stations offer a haven for London’s house prices

Charity calls for stronger protections in Renters (Reform) Bill as renter costs soar

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The Renters (Reform) Bill, currently making its way through the House of Lords, doesn’t go far enough to address the growing financial strain on private renters, the debt charity StepChange warns.

It says the cost of renting in the UK has become increasingly unaffordable and points to new figures from the Office for National Statistics (ONS).

View Full Article: Charity calls for stronger protections in Renters (Reform) Bill as renter costs soar

Snap Election – YIKES!

admin    Uncategorized     agents

So – many of us thought that we were nailed on for a late 2024 election. Sunak hanging on by the fingernails. Polling is terrible (things can change, of course). There are a few theories why:

He fancies a long summer holiday (only half joking

View Full Article: Snap Election – YIKES!

Landlord and agent General Election votes are still ‘up for grabs’

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There’s a large proportion of property professionals who say they are yet to decide their political vote for the upcoming General Election, a survey reveals.

The research from Goodlord and the National Residential Landlords Association (NRLA) of more than 1,000 participants

View Full Article: Landlord and agent General Election votes are still ‘up for grabs’

Legal Eagle required for council approved rent to rent contract?

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I am looking for a solicitor well versed in looking at commercial contracts with a property owner and a rent to rent company.

Due to Selective Licensing (SL) occupancy restrictions, I am finding it increasingly difficult to find tenants required (one family-sized unit) for a large property that has recently been fully renovated.

View Full Article: Legal Eagle required for council approved rent to rent contract?

UK rent growth slows after reaching record high – ONS

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The UK’s rent inflation is slowing down as average private rents grew by 8.9% in the year to April – down from a record high of 9.2% in March, the Office for National Statistics (ONS) reports.

This is the first time the annual rent inflation rate has eased since December 2023.

View Full Article: UK rent growth slows after reaching record high – ONS

Why comparison websites might not be your best bet for landlord insurance

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When you are looking for a landlord insurance policy, you may look at one of the big-name comparison websites.

While these can be a good starting point, they may not be the best way to find the right insurance policy.

View Full Article: Why comparison websites might not be your best bet for landlord insurance

Tenants struggle to find new homes as rents rise

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Half of all tenants who moved in the past year say they faced difficulties finding a new property to rent which is an 8% increase from the previous year, research reveals.

According to The Deposit Protection Service (DPS)

View Full Article: Tenants struggle to find new homes as rents rise

Soaring service charges drive a rise in RTM companies

admin    Uncategorized     agents

Landlords in England and Wales are taking a stand against rising service charges, with a study revealing a 20% increase in applications to form ‘Right to Manage’ (RTM) or flat management companies. 

The research by Direct Line found that service charges for leasehold flats are increasing by an average of 10% per year

View Full Article: Soaring service charges drive a rise in RTM companies