More legal aid for tenants facing eviction – proposals unveiled
The government is proposing that tenants facing eviction receive additional legal assistance through an enhancement of the current free ‘on-the-day’ law advice given by the Housing Possession Court Duty Scheme. A statement from the Ministry of Justice says that the HPCDS’ vital role means “the continuation of the service is of paramount importance”. The MoJ, […]
Landlords need stimulus to stick with buy to let, trade chief says
Demand for private rental housing is at an all time high according to new research by the National Residential Landlords Association. A survey of private landlords across England and Wales, conducted in partnership with research consultancy BVA/BDRC, found that 57 per cent confirmed that demand for homes to rent had increased in the third quarter […]
Number of mortgages approved to home-buyers slumps to 16-month low
Some 67,199 home loans for house purchase got the green light in October, marking the lowest total since June 2020, Bank of England figures show. The number of mortgage approvals made to home-buyers slumped to a 16-month low in October as the stamp duty holiday ended, Bank of England figures show. Some 67,199 home loans […]
Average tenancy lengths are on the rise
Rising average tenancy lengths make inventories and regular inspections much more important for letting agents and landlords, according to No Letting Go. The latest English Housing Survey (EHS), the largest and most representative dataset for the private rented sector, found that private renters had lived in their home for 4.3 years on average – still […]
Private landlords report ‘record’ demand for properties
Landlords have reported that demand for rental housing is at an all-time high. This follows the NRLA’s regular quarterly poll of private landlords, which revealed that 57 per cent confirmed that demand for homes to rent had increased in the third quarter of 2021 – up from 39 per cent in the second quarter of […]