Tagged: tenants

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...




“Revenge Eviction” term misused by media

“Revenge Eviction” term misused by media

Landlord Action has clarified what is meant by the term “revenge eviction” as media reports often equate its use to the issuing of a Section 21 notice. Revenge eviction is a term coined to...




London rents more than double the rest of the UK

London rents more than double the rest of the UK

The HomeLet Rental Index shows that monthly rents in Greater London now average £1,412, compared with £694 for the rest of the UK (excluding London). With the average tenant’s gross income being just 2.23...




Students dominating tenancy starts in central London

Students dominating tenancy starts in central London

Research from London Central Portfolio shows that students made up a staggering 41% of tenancy starts in the last 12 months. Students are outbidding the corporate sector for properties, paying an average of £600...




Banning of rental properties with low EPC ratings moves a step closer

Banning of rental properties with low EPC ratings moves a step closer

A new consultation has been launched which states that that minimum standard for all rental properties will be an EPC rating of E. If implemented it will not be possible to rent properties that...




London provides lowest rental yields

London provides lowest rental yields

Research from BM Solutions has revealed that London is providing landlords with the lowest rental yield out of all the regions in the UK. Analysts from the company advise that whilst regions from outside...