Property118 | Author: Property118.com News Team - Page 213

Financial pressure on landlords is harming the PRS not improving...

In a report published 25th June, property expert Kate Faulkner has claimed that while legislation has been introduced to improve the private rented sector (PRS), it is not being properly communicated to...

Lenders and brokers ‘too quiet’ over PRA Buy to Let changes...

Mortgage lenders and brokers have been too quiet over the Prudential Regulatory Authority’s (PRA) changes to buy to let lending, according to the National Landlords Association (NLA). The NLA says that...

More landlords exiting the market and tenancy lengths increasing...

Belvoir’s Q1 rental index confirms more landlords exiting the market, with demand growing for larger family homes and tenancy lengths naturally increasing. Together with the results of a franchisee survey...

Erection agency report increased letting activity...

National board erection specialists, Agency Express, are reporting a pick up in pace for the UK lettings market in May. Month on month figures in the Agency Express lettings report show an increase of...

Training Tips for Accidental Landlords...

With the ever-growing number of laws governing the private rented sector, becoming a landlord for the first time can be somewhat daunting. Here are a few top tips to make sure you understand your legal...

ARLA – “Selective Licensing doesn’t and has...

ARLA Propertymark have clearly announced their verdict on Selective Licensing post the government’s launch of a review into its effectiveness. David Cox, Chief Executive of ARLA Propertymark, said:...

Review of Selective Licensing announced...

In addition to releasing the guide “Houses in multiple occupation and residential property licensing reform: guidance for local housing authorities” the Ministry of Housing, Communities &...

HMO licensing guidance for local authorities – and landlords...

The Ministry of Housing, Communities & Local Government has today issued the document “Houses in multiple occupation and residential property licensing reform: guidance for local housing authorities.”...

Of course it appears cheaper!

Santander Bank have issued a widely reported press release: “Owning a home is cheaper than renting in all areas of the UK” The Bullet points of their latest research below: Average first-time...

Renting to families takes up the least time...

New findings reinforce the benefits of renting to families, by revealing that homes rented to them take up the least amount of property management time when compared to other types of tenants. The findings...

70% of renters not planning to buy...

Research carried out by Direct Line for Business indicates that the UK may be heading towards a more ‘German’ style of property market with a greater percentage of homes being rented. From...

Tribunal declines HMRC appeal on student property VAT...

There has been a win for companies building student accommodation, landlords and universities reducing VAT costs on student flats rented out during holidays. HMRC appealed against a ruling that student...

New Holding and Tenancy deposit rules and data clarified...

The Government have written to a Conservative and Labour MP to clarify the rules and data regarding Holding deposits and Tenancy deposits post the Tenants Fees Bill. Junior Housing Minister, Rishi Sunak,

Norfolk eHomes reportedly not paying rents or protecting deposits...

The local Norfolk newspaper Eastern Daily Press (EDP) has reported on a story that landlords using the Swaffham letting agent eHomes have been left with rents unpaid to them and tenants’ deposits...

ARLA welcomes their new presidential team...

ARLA Propertymark is delighted to welcome their new presidential team for the year ahead. Peter Savage succeeds Sally Lawson as President of ARLA Propertymark, with Phil Keddie now President Elect and...

NAO say Universal Credit could cost more than old benefits system...

The National Audit Office (NAO) has issued a report highly critical of the new government flagship welfare system, Universal Credit. The NAO assess that the new single benefit payment could cost more than...

Associations critical of Welsh Fees Ban Bill...

ARLA Propertymark are critical of the proposed ban on tenants fees with Chief Executive, David Cox, saying “We have been awaiting the announcement of this Bill, given the scrutiny on tenant fees...

Renting Homes (Fees etc.) (Wales) Bill...

The letting fees ban has now spread to Wales and could be introduced in the new Bill below: Renting Homes (Fees etc.) (Wales) Bill – Impact Assessments We introduced the Renting Homes (Fees etc.) (Wales)...

Research shows the increase in use of Ltd companies post S24...

Research conducted and published by Precise Mortgages shows 38% of landlords will use limited companies to buy properties over the next year compared to 28% as individuals. This is in the wake of Section...

Is completion date agreed in writing when we exchange contracts?

I am buying a property for the 1st time doing the 5% gov scheme, we exchanged contracts , however there is nothing in the contract to say about the completion date. I bought it off plan, the property is...

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