Category: Property Industry News

Unscrupulous letting agents are ‘double dipping’

Unscrupulous letting agents are ‘double dipping’

Research published by Direct Line for Business has found evidence of both landlords and tenants being charges for the same service, such as tenant referencing and contract extensions which only amounted to a change...




Tenants allowed to start businesses without landlord’s permission

Tenants allowed to start businesses without landlord’s permission

The Business Minister, Matthew Hancock, is to introduce a new law that removes the need for a tenant to seek permission from their landlord to operate a business from private rented accommodation. Other measures...




Many renters have never met their landlord

Many renters have never met their landlord

Research from Ocean Finance reveals that 30% of private tenants deal only with their letting agent. This figure is most pronounced in London and in the North East (36% and 38% respectively.) Respondents to...




Sharp rise in Scottish rent prices

Sharp rise in Scottish rent prices

New findings released from the July 2014 HomeLet Rental Index show a 10% increase in the Scottish private rental market since June. This compares to an average rise of 4.4% across all UK regions....




First Time Buyers struggle to save for a deposit

First Time Buyers struggle to save for a deposit

The latest Monday Statistics report shows that despite the improved economic outlook, many young people are still struggling to buy their first home. With an average deposit for a first time buyer at £27,719,...




Property Ombudsman calls on agents to have Client Money Protection

Property Ombudsman calls on agents to have Client Money Protection

In the wake of several cases where landlords have lost thousands of pounds in rental income the Property Ombudsman has called for all letting agents to have Client Money Protection. Such insurance protects agents...




Growth in UK private rental sector growth

Growth in UK private rental sector growth

Excluding London, UK monthly rents have increased by 4% annually with six tenants chasing available property, according to the latest rental index. This equates to an average rent of £689. In London meanwhile the...




34% rise in tenancy deposits since launch of deposit protection scheme

34% rise in tenancy deposits since launch of deposit protection scheme

Figures recently released by my|deposits show that the average deposit in England and Wales has increased by 34% since the launch of tenancy deposit protection in 2007. The region with the most expensive average...




Landlords fail to research prior to investing

Landlords fail to research prior to investing

Research conduced by Platinum Property Partners shows that many buy-to-let investors carry out no or little research before making property purchases. Such news is surprising given that the value of the average property portfolio...