The clampdown on referral fees, until now concentrated on the sales sector, will extend to letting agents too. James Munro, head of the National Trading Standards Estate and Letting Agent Team, told the NAEA conference yesterday the call for transparency over fees would be extended to lettings. The clampdown was originally introduced...
The government has rejected a council’s bid to extend its licensing scheme for privately rented housing. The Ministry of Housing, Communities and Local Government has refused Brent council’s bid for a blanket extension of its existing scheme. This follows a similar ruling last month when an application by Liverpool council to renew its...
Another council is consulting on introducing a selective licensing scheme - and again it claims it will “create better housing for residents.” County Durham local authority wants selective licensing across the county “which would ensure good standards of private rental properties” and “reduce anti-social behaviour.” The scheme would apply to approximately 51,000...
A typical buy to let property pays over £600 in fees a year according to a new study released today. Insurance company CIA Landlord says fees range from £40 for a tenancy deposit to £179 for landlord insurance. In between an EPC, gas safety certificate, local authority and other licensing take additional...
Buy-to-let maintenance is costing private landlords up to 28% of their annual rental income, according to the latest research by Howsy. The letting management platform found the cost of maintaining the average buy-to-let investment across the UK currently sits at £2,313. On a regional basis, the East of England is home to the...
A buy-to-let landlord has been ordered to pay back a whopping £190,000 after he was caught receiving rental from illegal flats. A confiscation order was issued against Olu Soyebo, 61, of Lagos, Nigeria, after he failed to comply with a planning enforcement notice and now has three months to pay the...
We’re back with another instalment of Women in Property Investment, where we chat with inspiring women who are making their mark in property investment. This week, we catch up with Uma Rajah, co-founder and chief executive of prime property lending and investing platform CapitalRise, and a familiar face on Property...
Under plans approved this week by Jules Pipe, the Deputy Mayor for Planning, Regeneration and Skills, the site of a former biscuit factory in Southwark is ready to be transformed into more than 1,500 homes and new buildings for a local secondary school. Every single one of the 1,548 new homes...
The UK government has legally committed to going carbon neutral by 2050. That’s going to require a huge effort and significant changes across essentially all commercial sectors, including the private rented sector. Carbon neutrality and the PRS As a densely-populated country, the energy-efficiency of homes is likely to play a huge role...
Residential property investment platform Bricklane has announced that it’s completed the acquisition of a portfolio of residential assets worth more than £13.6 million from the British Residential Unit Trust (BRUT). The transaction was made up of a cash and shares consideration and more than doubles the size of the existing portfolio....