Tagged: Rent

Rents reach record high

Rents reach record high

The average rent in England and Wales has reached a record £761 per month. This is £3 higher that the previous record set in October 2013. Seven out of ten regions in England and...




Requirement for all Welsh letting agents and landlords to be licensed

Requirement for all Welsh letting agents and landlords to be licensed

After the Housing (Wales) Act 2014 becomes law all letting agents and private landlords in Wales will have to be licensed. The Welsh Agents and Landlords Licensing Scheme (WALLS) will require “fit and proper”...




Is the ‘revenge evictions’ bill needed?

Is the ‘revenge evictions’ bill needed?

There are growing concerns that a government-backed Private Members’ Bill which attempts to outlaw so-called ‘revenge evictions’ is not required. The aim of such a law is to prevent landlords evicting tenants who have...




Rental demand is growing at the fastest rate in two years

Rental demand is growing at the fastest rate in two years

Research by Countrywide found that demand for rental accommodation across Britain has grown on the back of a housing market which is beginning to show signs of cooling.  This increased demand is being reflected in...




Official code on lettings published

Official code on lettings published

Endorsed and commissioned by the UK Government, a new code has been published for the private rented sector. While parts of the code relate to mandatory legislation, most of the code sets out a...




Housing minister to unveil new code for the private rented sector

Housing minister to unveil new code for the private rented sector

The UK housing minister, Brandon Lewis, will today unveil a new code for the private rented sector designed to provide guidance on how to achieve high standards. Aimed particularly at new and inexperienced landlords,...




Ministers urged to make Client Money Protection a legal requirement

Ministers urged to make Client Money Protection a legal requirement

SAFEagent has called on the government to make Client Monday Protection a legal requirement within the Consumer Rights Bill currently going through the Lords. Currently, no recompense is available if an agent if not...




Properties in perfect condition preferred purchase choice for landlords

Properties in perfect condition preferred purchase choice for landlords

Research from HSBC shows that although a property in perfect condition costs on average 43% more than one requiring renovation, this is the preferred option for two out of three landlords when expanding their...




Slight fall in student rents

Slight fall in student rents

The latest annual report from Accommodation for Students shows that the average rental value (ARV) in the student sector has fallen from £79.64pw per bedroom in 2013 to £79.27 in 2014. Unsurprisingly, London remains...




Private rental sector growing, but you still need to do your homework

Private rental sector growing, but you still need to do your homework

The private rented sector is growing with reports of an annual increase of 4% on rents and with 6 tenants chasing every available property across the country.  So it was not surprising to also...