Category: Property Industry News

Housing minister Prisk ‘urgently exploring’ new legislation post-Superstrike

Housing minister Prisk ‘urgently exploring’ new legislation post-Superstrike

The Government is “urgently exploring whether new legislation is required” following the Superstrike case. Housing minister Mark Prisk has made the revelation in a letter to the Residential Landlords Association.




Leeds, Nottingham and Southend crowned UK’s buy-to-let hotspots

Leeds, Nottingham and Southend crowned UK’s buy-to-let hotspots

Leeds, Nottingham and Southend-on-Sea are returning higher rental yields than any other UK cities, according to buy-to-let mortgage specialist TBMC.




Buy-to-let fuels house price boom

Buy-to-let fuels house price boom

Lending to landlords and mortgage subsidies pull market to record level as investors cash in on cheap deals. Britain’s buy-to-let mortgage market has surged to levels not seen since the 2008 financial crash, prompting...




Social landlords ‘raising rents faster than LHA landlords’

Social landlords ‘raising rents faster than LHA landlords’

Social landlords are raising their rents for benefit tenants above those charged by private landlords. The difference is a gap of 14%, says new data. Produced by the organisers of the annual Resi conference,...




No win, no fee ambulance chasers target tenancy deposit ‘victims’

No win, no fee ambulance chasers target tenancy deposit ‘victims’

Letting agents and landlords are being warned of an increasing number of ‘ambulance chasers’ seeking ‘no win, no fee’ tenancy deposit claims. The warning comes after a growing number of information requests to tenancy...




New landlords on the rise

New landlords on the rise

Some 22% of intermediaries buy-to-let business during the second quarter of 2013 came from first-time landlords, the Paragon Mortgages confidence tracking survey has shown. John Heron, director of mortgages, said: “We have seen over...




Government Review Recommends Longer Private Tenancies

Government Review Recommends Longer Private Tenancies

Select Committee Inquiry into the UK Private Rented Housing Sector July 2013 The (DCLG) Communities and Local Government Committee last year (2012) decided to conduct an inquiry into the private rented housing sector. The Committee...




First advice on letting agent fees due out this month

First advice on letting agent fees due out this month

The lettings industry looks set to have to comply with the ruling that agents must show their charges to tenants in all adverts, including listings on portals within weeks – even though official guidance...




Parts of England facing major new homes shortage, according to planning experts

Parts of England facing major new homes shortage, according to planning experts

Some regions in England are facing major shortfalls in terms of the delivering of new homes over the next five according to a new report from planning consultants. Both the North West of the...




Buy-to-let landlords shun benefits tenants

Buy-to-let landlords shun benefits tenants

The proportion of landlords renting to tenants on benefits has dropped from 34pc to 27pc as welfare reforms began to kick in. The number of landlords renting to tenants on benefits has dropped sharply,...