66% of students experienced problems with the way their property is managed

May 26th, 2015

A new report, What Students Seek, compiled by Glide Utilities found that while three quarters of students are satisfied with their shared accommodation, this figure has been in slow decline year-on-year with 66% of students having experience problems with the way their property is managed.

The report highlights what students wants from their rental accommodation, 61%, want double beds, and a third have also highlighted their desire for ensuite bathroom facilities.  Fast Internet access is by far the most popular item on their wish list: 83% highlight this as something they look for, while good storage, 72%, is the second most popular response.

Read the full story on Property Reporter to ensure that you have what students are looking.

RentPro cloud based rental property management software for letting agents and landlords


Landlords and Letting Agents await details of proposed mandatory licensing

May 25th, 2015

The private rented sector in the UK said it is surprised about proposals to introduce a mandatory licensing system due to be in the Queen’s Speech at the opening of the new parliament this Wednesday.  David Cox, managing director of the Association of Residential Lettings Agents (ARLA), is urging ‘the Government to take this opportunity and impose more appropriate, over-arching regulation on the whole lettings industry. We look forward to hearing the full details of the plans in the Queen’s Speech,’ he added.

Read the full story on Property Wire

RentPro cloud based rental property management software for letting agents and landlords


Industry welcomes new proposals for UK landlords

May 22nd, 2015

The National Landlords Association (NLA) has welcomed new proposals concerning immigration that will impact the country’s private rented sector. They include powers for councils to crack down on unscrupulous landlords, allowing landlords to evict illegal migrants more quickly and the roll out of the Right to Rent scheme. A new mandatory licensing scheme for landlords is also included, along with a consultation on cancelling tenancies when visas expire.

Full story available from Property Wire: http://www.propertywire.com/news/europe/ujk-landlords-immigration-rules-2015052210540.html

RentPro cloud based rental property management software for letting agents and landlords


Guidance for agents in relation to display fees

May 21st, 2015

With the legal requirement to display details of all charges on websites and in offices coming into force on 27th May, the Association of Residential Letting Agents (ARLA) has created a set of templates to assist agents. The templates are available here:

http://www.arla.co.uk/news/may-2015/download-the-arla-template-and-display-your-fees/

Official guidance states that fees should be visible in an agent’s office so that they can be clearly seen by customers. Furthermore fees must be comprehensive and clearly defined. All costs must include tax.

Full story available from Letting Agent Today: http://www.lettingagenttoday.co.uk/breaking-news/2015/5/help-for-agents-who-must-display-fees-from-next-week

RentPro cloud based rental property management software for letting agents and landlords


Buy to let loans in March up 21 per cent compared to March 2014

May 20th, 2015

Latest figures from the Council of Mortgage Lenders show there were 18,200 buy to let loans in March – up 12 per cent on the previous month and up 21 per cent compared to March 2014. Buy to let lending has made up almost a fifth of total gross lending in the UK, which was the highest proportion of total lending since quarterly records began in mid-2006.

Read the full story on Letting Agent Today

RentPro cloud based rental property management software for letting agents and landlords


Sitting tenants becoming the choice of landlords

May 18th, 2015

According to a new report by Countrywide Residential Lettings, the number of properties bought with a sitting tenant has reached its highest level since 2005, accounting for 11% of all property purchases by landlords. This trend was evident in every region of the UK, with over a quarter of purchases by landlords in London coming with a sitting tenant. The higher percentage in this area is most likely due to the fact that yields are lowest in London and the South East and landlords want to ensure that they receive rental income immediately thereby improving their return.

Full story available from Property Reporter: http://www.propertyreporter.co.uk/landlords/new-report-finds-sitting-tenants-are-becoming-the-landlords-choice.html

RentPro cloud based rental property management software for letting agents and landlords


Record number of tenant evictions

May 15th, 2015

In the first quarter of the year tenant evictions reached a record high of 11,307 according to government figures. The report from the Ministry of Justice however showed that the majority of these evictions were of social rather than private renters. The figures, which relate to households in England and Wales, are 8% up on the previous year and the highest recorded in any quarter since records began in 2000.

Full story available from Letting Agent Today: http://www.lettingagenttoday.co.uk/breaking-news/2015/5/tenant-evictions-reach-record-high

RentPro cloud based rental property management software for letting agents and landlords


Number of housing prosecutions in Newham council far exceeds all other London boroughs put together

May 13th, 2015

London Property Licensing, a property consultancy specialising in licensing regimes for privately-let properties, says there have been 580 housing prosecutions in London under the Housing Act 2004 in the three years to March 2014.

The most active five councils are Newham with 359 prosecutions, Haringey with 57 prosecutions, Camden on 20, Redbridge on 19 and Southwark with 15.   Whilst eight London councils have taken no Housing Act 2004 prosecutions over this three year period – Barking & Dagenham, Bexley, Brent, City of London, Enfield, Havering, Merton and Richmond upon Thames.

Read the full story on Letting Agent Today

RentPro cloud based rental property management software for letting agents and landlords


Tories must regulate lettings sector, claims agent

May 12th, 2015

According to one of the industry’s leading letting agencies, the new Conservative government must focus on raising standards across the private renal sector. Oxford-based Finders Keepers says there are three key issues for the new administration to address. These are poor property standards, poor service standards from both letting agents and landlords, and finally high rents.

Read the full story on Letting Agent Today

RentPro cloud based rental property management software for letting agents and landlords


Speculation mounts re roll-out of immigration check requirements

May 11th, 2015

Speculation is mounting that the pilot immigration checks that must be performed by letting agents and landlord in the West Midlands will be rolled out across the rest of the country as early as this summer. With the Conservatives now having a majority government, the obligation for landlords and letting agents to identify if a potential tenant has the right to reside in the country may soon be introduced across the UK. The tenant referencing product offered by AdvancedRent, and accessible from within RentPro, already includes such a check.

Full story available from Letting Agent Today

RentPro cloud based rental property management software for letting agents and landlords