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We warned you! Government told of rising rents thanks to fees ban

By |2020-01-29T10:02:41+00:00January 29th, 2020|Property News|

The Association of Residential Letting Agents says the number of tenants successfully negotiating rent reductions has hit an all time low - another likely manifestation of landlords’ resolve after the fees ban. The latest ARLA market snapshot shows the number of tenants negotiating a rent reduction fell to 1.1 per cent...

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Concern over £1,000-plus licensing fee proposed by council

By |2020-01-29T10:02:42+00:00January 29th, 2020|Property News|

A leading trade body is voicing concern over yet another council private rental sector licensing scheme - with particular worry over the cost of a licence, which in some cases will exceed £1,000. Swansea’s council want to renew and expand an additional HMO licensing scheme - it already runs over two...

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‘We beat the fees ban’ – franchisees see revenue growth

By |2020-01-29T10:02:44+00:00January 29th, 2020|Property News|

The Property Franchise Group, which has a string of major agency brands, has reported a strong performance in 2019 despite the lettings fees ban. In a statement to shareholders it says it has “successfully navigated a difficult year for UK residential property...delivering growth in both revenues and management service fees...and achieved...

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Another franchise branch snaps up a rival independent agency

By |2020-01-29T10:02:43+00:00January 29th, 2020|Property News|

Another branch of The Property Franchise Groups’s brand Martin & Co has snapped up an independent rival - and it’s the outlet’s fourth acquisition in as many years. Martin & Co’s Plymouth managing directors Chris and Merolyn Whitaker acquired more than 200 properties from Sams Accommodation, along with three staff. Chris, who...

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Tenant’s secret buy to lets land him with a suspended sentence

By |2020-01-29T10:02:42+00:00January 29th, 2020|Property News|

A London council tenant who for a period of seven years failed to disclose that he owned three houses, has been given a suspended sentence and ordered to pay over £80,000. Jamir Hussain of north London was sentenced to two years imprisonment suspended for two years, fined £10,000, ordered to pay...

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Tenants find it ‘harder than ever to negotiate a reduction in rent’

By |2020-01-29T10:02:47+00:00January 29th, 2020|Property News|

Rents look set to rise across much of the UK this year as the supply and demand gap continues to widen in the private rented sector.  ARLA Propertymark’s latest Private Rented Sector report shows that the number of letting agents witnessing rent increases remained at 32% in December.  However, the number of...

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Four-fifths of tenants break landlord rules, study finds

By |2020-01-29T10:02:47+00:00January 29th, 2020|Property News|

The vast majority of renters engage in actions and behaviours that landlords would disapprove of, partly because they are not familiar with the different rules in their tenancy agreement.  A new study has revealed that 84% of renters believe that they are currently breaking at least one or more of the...

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How confident are property investors in the Conservative government?

By |2020-01-29T10:02:50+00:00January 29th, 2020|Property News|

After two elections and three years of intense debate and hostility, the general election in December seemed to offer the political breakthrough most were hoping to achieve. Bogged down by Brexit, Westminster was stuck in a deadlock which resulted in a lack of confidence in the government’s ability to lead. Nonetheless,...

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Spanish football star latest buyer of luxury residence at Picasso Towers

By |2020-01-29T10:02:51+00:00January 29th, 2020|Property News|

Spanish international footballer Isco has been named as an off-plan buyer of luxury property at Picasso Towers, a development being constructed in Malaga. The Real Madrid midfielder, 27, is joined by other celebrities and tech entrepreneurs as a purchaser of a residence in the three-tower Malaga development.  According to the developers, more than...

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Sun, sea and…renting? Tenants prioritise holidays over saving for a house deposit

By |2020-01-29T10:02:52+00:00January 29th, 2020|Property News|

More renters are saving to go on holiday (33%) or for an emergency fund (31%) than for a deposit to buy a home (23%), according to new research from Landbay. The buy-to-let lender questioned 2,000 private renters in the UK on their saving habits to reveal that three quarters (76%) of...

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