Category: Property Industry News

New survey reveals that half of tenants feel ripped off

New survey reveals that half of tenants feel ripped off

A new survey conducted by Ocean Finance has revealed that half of tenants in the UK feel that they have been ripped off by either a private sector landlord or letting agent. The main...




Campaign launched against licensing schemes in the private rented sector

Campaign launched against licensing schemes in the private rented sector

The new national campaign against selective licensing schemes is to seek a legal opinion on the issue of tenants’ legal rights to the peaceful enjoyment of their property. The launch comes as Liverpool city...




Restricting buy-to-let lending may restrict supply

Restricting buy-to-let lending may restrict supply

According to tenant eviction and rent recovery firm Landlord Assist, imposing lending restrictions on the buy to let mortgage market in the UK could have damaging consequences for landlords and the supply of rental...




Welsh private rented sector to experience massive changes

Welsh private rented sector to experience massive changes

The private rented sector in Wales is to experience massive changes after the Housing Wales (Bill) was approved this week. Landlords and letting agents will not only have to be registered, but if they...




Ban bad landlords says MPs

Ban bad landlords says MPs

An all-party parliamentary group of MPs has said that bad landlords should be subject to a nationwide ban. In addition, the group said that the introduction of a national landlord register should also be...




Rent rises far outstrip income increases

Rent rises far outstrip income increases

New figures release from the May 2014 HomeLet Rental Index show that average UK private home rents have increased 7.5% in the last 12 months, whereas national average earnings are rising at 1.7%. The...




Rental yields fall as property prices continue to rise

Rental yields fall as property prices continue to rise

Gross yields on standard buy to let properties have dropped to 6.3% in the second quarter according to the latest Mortgages for Business Complex Buy to Let Index. This is causing landlords to look...




Average void periods continue to fall

Average void periods continue to fall

Due to increased tenant demand the average void period experienced by UK landlords has fallen to 2.7 weeks. This figure comes from the latest quarterly survey conducted by specialist lender Paragon Mortgages. Full story...




Scottish MPs vote in favour of mandatory licensing of letting agents

Scottish MPs vote in favour of mandatory licensing of letting agents

Housing minister Margaret Burgess (Scottish National Party) warned that the regulation of agents would have teeth. She said: “Regulation of letting agents is a landmark. It was good to get the support of the...




Good communication is key to a successful tenancy

Good communication is key to a successful tenancy

To prevent disputes arising and to raise the standard of living conditions good communication between tenants and landlords / agents is essential. This advice from Landlord Assist comes in the wake of reports that...