Is now a good time to buy a house?

Is now a good time to buy a house? That’s something many people might be asking as they wonder where UK house prices will go in 2023. Nationwide’s last house price index recently concluded house prices are declining at their fastest rate since 2009, and the ONS has backed this up, recording a 0.3% drop in house […]

Welsh Government announces amends to Renting Homes Wales Act

The Welsh Government has published draft legislation that changes the terms of converted contracts and any renewals that replace them. They close off a number of regulatory grey areas that could potentially cause issues for landlords during court proceedings. The new legislation means that the original converted contract terms should be provided by May 31st 2023 and […]

Tenants trained to complain about landlords, funded by taxpayers

Social housing tenants are to be encouraged to hold their landlords to account as part of a taxpayer funded training scheme. From free advice on addressing damp and mould to webinars on how to complain about anti-social behaviour, the training programme will – according to a government statement – “share information like that handed out by shows such as ‘Watchdog’ or […]

Is this a buyers’ or sellers’ market?

The mortgage market is enduring a turbulent period, with the current predicament being low demand and rising stock. Despite challenging conditions, the outlook is presents opportunities for certain areas of the market. Well-priced properties are selling without a doubt, and there is plenty of competition from buyers around, according to Kundan Bhaduri, property developer and […]

Rents are at record highs – so why are BTL landlords fleeing the market?

With savers receiving poor returns from banks and building societies in recent years, a number of people have unsurprisingly continued to turn to residential property as a means of supplementing their income, supported by low mortgage borrowing rates, solid demand from tenants and stable yields, as buy-to-let consolidated itself as the investment of choice. Even […]

Rightmove warns lenders may start increasing mortgage rates

Further mortgage rate rises could be on the way for homebuyers and owners, Rightmove suggests. After a few weeks where mortgage rates have dropped – boosting hopes among buyers of getting on the property ladder more cheaply – the portal’s mortgage expert Matt Smith said there are signs that lenders are facing price pressures particularly […]

Agents back compulsory national registration for short lets

Propertymark has thrown its weight behind the idea of a compulsory national register of landlords and hosts operating Airbnb and other short lets. The trade body says in a new statement: ”Propertymark has campaigned for a long-time to introduce standards for the short-term lettings industry and annotate the impact they have on the availability and […]

Property Taxes hit new highs – HMRC reveals data

New figures show that property taxes – often rising as a result of frozen thresholds – lead the way as the overall fiscal burden on landlords and others has increased at the start of the financial year. Stamp duty receipts for April 2022 to March 2023 have been revealed to hit £19.3 billion – this […]

NetRent LinkedIn followers tops 1,000

Our social media presence continues to grow every day, the latest milestone is that the number of people following NetRent on LinkedIn has just topped 1,000. A huge thank you to everyone who has taken the time to follow NetRent on LinkedIn or any of our social media channels. We use social media to post […]

Over half a million landlords to quit the market – shock forecast

Previous estimates that half a million landlords are set to sell up may actually be a massive under-estimate, a property industry figure suggests. Jonathan Rolande says the real figure is likely to be far higher – and warned the situation is going to massively drive rents up further. Rolande – a representative of the National Association of Property Buyers […]