It is not just house prices that are increasing dramatically. Rents in some regions of the UK and Wales are rising at their fastest rate in a decade. Rents outside of London have increased by 3.0% over the past 12 months, according to online listing agent Zoopla. Similar to the broader housing market, there are noticeable trends driving rental […]
Last week Boris Johnson announced that the government would be delaying the long-awaited Covid ‘Freedom Day’ until the 19th of July. As a result of this, the government has decided to extend the emergency guidance on right to rent checks in England.
Local and mayoral elections do not tend to capture the same degree of interest as their national counterparts. However, Sadiq Khan’s re-election as London Mayor should be of keen interest to any landlord operating properties in the capital. Khan’s flagship housing policies include seeking to introduce an ‘overhaul of legal protections for renters and for London to have the powers […]
The UK government have announced their intention to extend Covid-19 relief for tenants. The Housing Minister, Christopher Pincher, revealed that people renting in England will continue to be supported with longer notice periods until at least October 2021. The current ‘emergency rules’ were set to expire on the 31st of May.
It is believed that the property market, both globally and in the UK, is driven by the Property Cycle. That is, the property market conforms to a repetitive and historical sequence of events which can be categorised. The Property Cycle is not unique, it ties in with the business cycle, credit cycle and a general […]
The coronavirus pandemic has led to an unprecedented demand for holiday lets. As Europe and the rest of the world continue to battle against rising cases, many would-be holiday goers are looking closer to home for their annual get away. At the top of the list for UK staycations sit coastal towns and villages.
On Wednesday the 28th of April, the House of Lords finally passed the unamended version of the Fire Safety Bill. The Lords voted down amendments aiming to prevent building owners from passing repair costs onto leaseholders and tenants. Once the Bill receives Royal Assent, it will be passed into Law in England and Wales.
The business of investing in property to let in the UK has always been divided in several ways. The question is – Has the Pandemic caused further divisions or has it brought property investors closer together?
Sheffield is the UK city with the best rated landlords, while Derby and Hull were jointly rated as the worst by tenants, according to a new study.
The coronavirus ‘stay-at-home’ instruction led to the temporary closure of office premises across the country. Many workers who abruptly left their office desks following the declaration of the pandemic have embraced working from home for nearly one year.
One of the biggest concerns for many landlords is rent arrears. Some tenants have fallen outside of various Governments schemes to support those who cannot earn at the moment and many landlords are working with them to avoid eviction and to agree payments which those tenants can afford.
Private landlords in Scotland are advised to act reasonably when interacting with tenants who are unable to make rent payments due to the coronavirus pandemic. By working cooperatively to strike an agreement, the interests of both parties can be fulfilled.
ARLA is calling upon the government to implement a support package to help keep the private rental sector afloat. It says if the government doesn’t do something soon, many landlords will have no choice but to launch eviction proceedings against tenants.
During their tenure as a homeowner, borrowers may endure periods of extreme financial strain. This forces them to drastically scale back on outgoings. The largest expense typically being mortgage payments. Classed as an essential investment which not only guarantees shelter but provides life’s necessities. Scrambling to raise funds to fulfil mortgage payments not only has […]
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