Unsustainable: UK tenants spending up to 77% of income just to get by
UK renters are forking out up to 77% of their monthly household income simply to get by in the current UK rental market, according to the latest market analysis from Benham and Reeves. The London lettings and estate agent analysed the cost of living within the rental market across each area of the UK based […]
Lettings Favourite – which property is landlords’ most popular?
Semi-detached houses have overtaken terraced homes as the preferred property type landlords plan to buy, reflecting growing tenant demand for larger homes. Paragon Bank research of 800 landlords, undertaken by BVA BDRC, found that 14 per cent of landlords plan to acquire new property during 2022. Of those looking to purchase new rental property, four […]
“Housing disrepair damaged my health and belongings, can I sue my landlord?”
Q: I rent from a private landlord I’ve never met. I pay my monthly rent on time by standing order and I text him if I have a problem. For four years the roof has leaked, causing mould and fungus that has damaged my health and ruined clothes and household items. I text and he […]
Cladding removal plans ill thought out warn landlords
Government plans to rectify dangerous cladding are riddled with confusion and risk needless delays to addressing the problem. That’s the warning from the National Residential Landlords Association (NRLA) as its Chief Executive prepares to speak to MPs on the issue. Earlier this month the Housing Secretary, Michael Gove, announced plans to force developers to pay […]
New rights for tenants will force landlords to fix and upgrade 800,000 rented homes
Private landlords will be forced to bring their properties up to a set of national standards for the first time under plans to be unveiled in the government’s levelling-up strategy this week. Michael Gove, the housing secretary, is reportedly set to announce legislation that will require landlords to upgrade around 800,000 properties that don’t meet […]
Tenants miss out on properties amidst high demand – claim
Some 40% of tenants described their recent hunt for a rental home as difficult, and half of them said it took far longer than they expected before they were able to secure a property, new research has found. Movestreets, the property portal designed for the mobile generation, has revealed how tenants are struggling to find […]
Commercial landlords ‘struggling to attract tenants’
More than three-fifths of the UK’s commercial landlords are struggling to attract tenants to traditional offices as businesses’ workspace demands have changed rapidly during the pandemic, shows research. The European flexible workspace provider infinitSpace commissioned an independent survey among 204 UK commercial landlords, all of whom own one or more office buildings in the UK. […]
Quarter of landlords hit by rent losses because of Covid
Almost one in four private landlords faced rental income losses as a result of the COVID-19 pandemic. With those landlords affected almost twice as likely to sell property as those who were not, the National Residential Landlords Association is warning that the pandemic has exacerbated a supply crisis now facing tenants. A new poll by […]
Landlord and letting agent win key legal eviction ruling
The Court of Appeal has delivered its decision on the controversial Northwood Solihull vs Cooke eviction case after more than two years of legal wrangling. Its judges had been asked to give a final verdict on the long running case, which kicked off in 2019 when the Solihull branch of estate agency chain Northwood tried […]
What do tenants want in 2022?
Property investment is a landscape that constantly shifts. There are so many moving parts impacting future decisions that it’s important to get the fundamentals right early on. While planning and understanding the numbers are key, the first thing investors need to consider when choosing a property is what the tenant wants. Without consistent tenant demand, […]