UK Rent Prices Surge by 9.1%: London and Scotland Lead the Way
In the past year, average rent prices across the UK have surged by 9.1%, with tenants in London and Scotland experiencing the steepest hikes, according to a new analysis by rent guarantee firm Zero Deposits. The study, which utilized April rental data from the Office for National Statistics, reveals that rents in the capital soared […]
UK Property Market Sees Record Supply, Expected to Stabilize Prices in 2024
The UK’s housing market currently boasts a staggering £230 billion ($293 billion) worth of properties for sale, marking the highest supply of homes in eight years. This surge in availability is anticipated to stabilize house prices throughout the remainder of 2024. According to data from Zoopla, the supply of homes for sale has increased by […]
Surge in Right to Rent Checks as Landlords Face Hefty Fines
Landlords and letting agents across England are conducting Right to Rent checks at unprecedented levels, experiencing a remarkable 577% year-on-year increase, recent research reveals. Credas Technologies attributes this surge to significantly increased fines for non-compliance with the Right to Rent scheme. This regulation mandates the verification of a tenant’s immigration status before they can secure […]
Advice for Landlords Amid Rising Tenant Arrears
In response to increasing tenant arrears, a leading property industry commentator has outlined a five-point guide for landlords grappling with this growing issue. Among the recommendations is a call for landlords to engage directly with tenants to determine what they can reasonably afford to pay in rent. Recent government data reveals that county court bailiffs […]
Landlord Criticizes Media for Biased Portrayal, Calls for Policy Reforms
Mick Roberts, one of Nottingham’s prominent landlords specializing in housing benefit tenants, has voiced strong criticism against the media for what he perceives as a biased and negative portrayal of landlords. In an interview with Property118, Mr. Roberts expressed concern over the lack of balanced coverage, which he believes unfairly demonizes property owners. Roberts specifically […]
Half of Landlords Concerned About a Change of Government
A recent survey of landlords indicates that just over 40% are still undecided about their vote in the upcoming general election on July 4, while nearly half express concerns over a potential change in government. The survey, conducted by Landbay, polled over 1,500 landlords regarding their voting intentions. Results show that 41% are unsure which […]
Generation Rent Chief Slams Landlord Eviction Policies
In a recent statement, the chief executive of Generation Rent, Dan Twomey, launched a fresh critique against landlords who demand tenants vacate their properties, claiming current policies allow evictions “at a landlord’s whim.” Twomey highlighted the failure of both Labour and Conservative parties to advance the Renters Reform Bill before the upcoming July 4 General […]
New Data Reveals Sharp Decline in Buy-to-Let Profitability
Recent figures released by Savills and published by The Times reveal a stark reality for landlords: the profitability of buy-to-let investments has plummeted over the past decade. The comprehensive analysis, commissioned by The Times from the high-end real estate agency, compares the profitability of buy-to-let properties today with figures from ten years ago. The findings […]
Tenant Loses Legal Case Against Landlord and Ordered to Pay £ Thousands
A social housing tenant’s attempt to sue Mid-Devon District Council has ended in a resounding defeat. The legal battle, spurred by allegations of property disrepair, was initiated by an unnamed tenant with the encouragement of a no-win, no-fee solicitor. The case, which dragged on for 16 months, culminated in an out-of-court settlement. Contrary to the […]
NLRA Says It Will Work Constructively With The Next Government
The National Residential Landlords Association (NRLA) has expressed significant dismay over the Renters Reform Bill’s failure to become law, despite amendments designed to balance the interests of both tenants and landlords. NRLA Chief Executive Ben Beadle described the situation as “hugely disappointing,” criticizing the government’s lack of decisiveness and clarity. “There has been too much […]