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Yet more regulation of rental sector on the way, predicts Propertymark

By |2020-04-30T10:02:24+00:00April 30th, 2020|Company News|

Once the worst of the Coronavirus crisis passes there’s likely to be much more regulation of parts of the rental sector according to the head of ARLA Propertymark. Chief executive David Cox forecasts that yet more legislation is on the cards once the government resumes something like normal business. “[Post-crisis] I think...

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Good news – only small rise in late rent payments so far, shows survey

By |2020-04-30T10:02:25+00:00April 30th, 2020|Company News|

There was just a two per cent rise in late rental payments over the last month according to figures from an analysis of the lettings market. PropTech firm Goodlord has looked at what it calls a representative sample of 20,000 rental properties across the UK and over 120 agents. The firm says...

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More councils delay rental licensing until Coronavirus crisis eases

By |2020-04-30T10:02:31+00:00April 30th, 2020|Company News|

Several local authorities at different stages of implementing rental licensing schemes have put their proposals on ice until the Coronavirus crisis eases. County Durham’s proposal for a huge licensing scheme applying across the county and covering 51,000 properties was originally scheduled to have closed its formal consultation period this week. Instead, it’s...

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How have your teams kept up morale during lockdown?

By |2020-04-30T10:02:29+00:00April 30th, 2020|Company News|

Lockdown may be over soon - but who knows what a relaxation of the current restrictions will really mean for our industry across most of the UK? The past weeks have been stressful for everyone but we want to celebrate the determination and team spirit of the industry by sharing information...

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Short Lets trade body recruits 14 new members despite virus battering

By |2020-04-30T10:02:27+00:00April 30th, 2020|Company News|

The new trade body for companies working in the beleaguered short lets sector has recruited 14 new member firms - although 11 of them have joined on a trial basis. The UK Short Term Accommodation Association was set up in 2017 and earlier this month reported that Airbnb and similar platforms...

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There is a ‘massive amount of pent-up demand’ in the rental market

By |2020-04-30T10:02:38+00:00April 30th, 2020|Company News|

The UK lockdown has been essential for containing the spread of coronavirus, but it is causing major disruption and distress, so when can it be lifted?  There are huge decisions for the government to make, as it looks to balance saving lives today with long-term damage to society. But as soon as the...

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DWP suspends Universal Credit rent arrears deductions

By |2020-04-30T10:02:40+00:00April 30th, 2020|Company News|

The Department for Work and Pensions (DWP) has announced that Universal Credit rent arrears deductions have been suspended amid the coronavirus pandemic. Third-party deductions, which typically see claimants have money they owe taken from their monthly benefit allowances, will be scrapped until 10 May. Universal Credit claims have increased sharply as Covid-19...

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Universal Credit payments should ‘cover the full cost of rents’

By |2020-04-30T10:02:44+00:00April 30th, 2020|Company News|

The National Residential Landlords Association (NRLA) has criticised the Department for Work and Pensions (DWP) after it announced yesterday that the process for paying back rent arrears through Universal Credit deductions has been suspended.  Third-party deductions, which see Universal Credit claimants have money they owe taken directly from their monthly benefit...

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Coventry for Intermediaries increases maximum LTV across its BTL range

By |2020-04-30T10:02:42+00:00April 30th, 2020|Company News|

Coventry for Intermediaries has increased its maximum loan-to-value (LTV) across its buy-to-let range to 75%.  The lender also has a selection of Flexx Fix options offering greater flexibility for buy-to-let borrowers. There are also product transfer options available for existing customers with LTVs up to 75% LTV for buy-to-let. ...

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Labour demands extra protection for tenants facing “ticking timebomb”

By |2020-04-29T10:03:37+00:00April 29th, 2020|Company News|

The Labour head of a special ‘taskforce’ looking at London housing issues in the light of the Coronavirus crisis says he wants the government to impose a ‘triple lock’ to protect private tenants. Tom Copley - the Labour deputy mayor for housing and residential development on the London Assembly - says...

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