You are here... ://January

Agent accused of fraud, false accounting and theft amounting to £450,000

By | 2018-01-31T12:07:54+00:00 January 31st, 2018|Property News|

The former director of a lettings agency in Plymouth is to appear in court in March facing charges of fraud, false accounting and theft amounting to an estimated £450,000. As Letting Agent Today has reported in the past, Heather Crabb owned and operated Drake Homes from 2005 until it closed in September 2016. We reported [...]

Comments Off on Agent accused of fraud, false accounting and theft amounting to £450,000

Savills urges landlords to be flexible to attract ‘the short-let demographic’

By | 2018-01-31T12:07:56+00:00 January 31st, 2018|Property News|

Savills is urging its landlord clients to be more flexible in order to meet the new expectations of younger renters in an age of short-lets and rapid changes to the lettings landscape. The request comes at the end of the agency’s latest report on prime lettings markets, mostly in London but also beyond, where rent [...]

Comments Off on Savills urges landlords to be flexible to attract ‘the short-let demographic’

New squeeze on Airbnb-style short lets from politicians across the UK

By | 2018-01-31T12:07:57+00:00 January 31st, 2018|Property News|

Politicians in London and Scotland are looking at new controls which could be imposed on home owners letting out their properties via short-let platforms.Airbnb rentals grew by 50 per cent in London between 2016 and 2017, prompting Labour to call for more effective regulation of short-term lettings in the capital. In 2015,  the government’s Ministry [...]

Comments Off on New squeeze on Airbnb-style short lets from politicians across the UK

Unite trials no-deposit insurance scheme for students renting in HMOs

By | 2018-01-31T12:08:02+00:00 January 31st, 2018|Property News|

Student accommodation specialist Unite is launching a new service, called Conker, which aims to replace deposits with insurance schemes for students renting in HMOs.  A pilot is to be conducted in Bristol; the system aims to play to the concerns of students, suggesting that with 660,000 students living in student-only HMOs across the UK, research [...]

Comments Off on Unite trials no-deposit insurance scheme for students renting in HMOs

It’s today – Letting Agent Code of Practice introduced in Scotland

By | 2018-01-31T12:08:02+00:00 January 31st, 2018|Property News|

The code sets out the standards to be met by anyone engaged in lettings including specific requirements around how clients’ money should be handled. It also makes it compulsory for businesses to have Client Money Protection and professional indemnity insurance.In detail, the code covers: - the standards of practice for those carrying out letting agency [...]

Comments Off on It’s today – Letting Agent Code of Practice introduced in Scotland

Buy-to-let landlords urged to invest in key northern cities

By | 2018-01-31T12:08:05+00:00 January 31st, 2018|Property News|

Buy-to-let investors seeking the best returns should look at investing in key northern cities where the gap between asking and achieved prices is narrowing. Regional cities like Manchester and Birmingham are increasingly skewed towards sellers, as strong demand from buyers continues to place upward pressure on house prices. Graham Davidson, managing director of buy-to-let specialist, [...]

Comments Off on Buy-to-let landlords urged to invest in key northern cities

Rate of rental price decline moderates in prime central London

By | 2018-01-31T12:08:06+00:00 January 31st, 2018|Property News|

Average rents in prime central London recorded a fall of 3.1% over the course of 2017, but the rate of decline has slowed, suggesting the imbalance between supply and demand in the current market has eased a little, the latest rental report shows. Despite falling rents, the market has remained active. This activity has been from [...]

Comments Off on Rate of rental price decline moderates in prime central London

Liverpool and Nottingham revealed as the best location for rental yields

By | 2018-01-31T12:08:20+00:00 January 31st, 2018|Property News|

Private Finance’s latest buy-to-let hotspots analysis has revealed that Liverpool and Nottingham are the UK’s best-performing locations for property investment, with both cities experiencing average rental yields of 6.2% once mortgage costs are taken into consideration.While Liverpool kept the position it has held since May 2017 – in spite of reduced rental yields thanks to [...]

Comments Off on Liverpool and Nottingham revealed as the best location for rental yields

Portfolio landlords struggle to secure mortgage finance in light of PRA changes

By | 2018-01-31T12:08:24+00:00 January 31st, 2018|Property News|

Securing a mortgage is a challenging feat for three quarters of portfolio landlords after the introduction of the Prudential Regulation Authority changes, figures from Foundation Home Loans has revealed. Based on research by BDRC Continental, when asked how they had been affected by the PRA regulatory changes, 70% of UK landlords with over four buy-to-let [...]

Comments Off on Portfolio landlords struggle to secure mortgage finance in light of PRA changes

Urban Splash and Alumno team up to redevelop iconic Sheffield housing estate

By | 2018-01-31T12:08:25+00:00 January 31st, 2018|Property News|

Regeneration specialist Urban Splash has joined forces with student accommodation developer, Alumno Developments, to create accommodation for around 350 students, as well as various new shops and facilities.The transformation of the Park Hill Estate in Sheffield – now in its third phase – will attempt to breathe new life into an area that has long experienced [...]

Comments Off on Urban Splash and Alumno team up to redevelop iconic Sheffield housing estate
Load More Posts