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July round up of the Private Rented Sector

July round up of the Private Rented Sector

The exceptional weather we have enjoyed during July may be coming to an end, however the momentum on discussing potential regulation of the lettings sector has not cooled.




First deal announced under UK Build to Rent scheme

First deal announced under UK Build to Rent scheme

UK Housing Minister Mark Prisk has today (Thursday 24 July) announced the first deal under the government’s £1 billion Build to Rent scheme. A Southampton quayside development is the first to benefit from the...




Public do not understand why letting agents are not regulated, MPs told

Public do not understand why letting agents are not regulated, MPs told

MPs have been told of tenants’ bewilderment when they go into an estate agent to find that staff selling houses on one side of the office are regulated, and their colleagues who are letting...




Letting agents must be regulated, says CLG Select Committee

Letting agents must be regulated, says CLG Select Committee

Letting agents could, finally, be regulated and would all be forced to have Client Money Protection insurance. This morning, a powerful cross-party group of MPs pulled no punches in calling for action to curb...




74% of landlords say selective licensing will deter new entrants

74% of landlords say selective licensing will deter new entrants

A poll of landlords by Paragon Mortgages has found 74 per cent think selective licensing will deter new landlords if it is ever introduced nationally. Landlords were asked for their views on selective licensing...




Former coalition minister slams govt’s landlord immigration plans

Former coalition minister slams govt’s landlord immigration plans

An MP and former minister has branded plans forcing landlords to verify their tenant’s immigration status ‘unworkable’. Former minister for children and families and Liberal Democrat MP Sarah Teather told The Guardian expecting private individuals to...




‘Landlords have unrealistic expectations of property returns’ claims new report

‘Landlords have unrealistic expectations of property returns’ claims new report

Returns from buy-to-let are in long-term decline, says Richard Dyson. Landlords have unrealistic expectations of property returns and are failing to consider the effects of a range of costs, a new report has shown....




Letting agent fees are questioned in House of Lords

Letting agent fees are questioned in House of Lords

Letting agents’ fees charged to tenants continue to come under intense scrutiny at the highest levels. Meanwhile, questions have been raised as to whether there are sufficient ‘ombudsman’ type schemes for letting agents to...




Where next for residential investment?

Where next for residential investment?

The appetite for investing in residential is the strongest it has been for decades.  This appetite is translating into a growing volume of deals.  Not just new investment in fully let private rental portfolios but sale...




UK housing minister reaffirms commitment to bigger private property rental sector

UK housing minister reaffirms commitment to bigger private property rental sector

The UK government is taking major steps to encourage a bigger and better private rented property sector and has announced a raft of new measures. A Private Rented Sector taskforce has been set up...