Just over a fifth of lettings agents questioned in a major industry survey are concerned that may not be complying with the Tenant Fees ban introduced in April. Some 79 per cent of agents responding to the annual Fixflo study said they were “extremely confident” they were in compliance, but 21...
New figures just released by the government emphasise the significance of creating a specialist housing court says one of the lettings sector’s most active trade bodies. The Residential Landlords Association says buy to let owners face a growing amount of time in getting judgement on repossession cases from the courts. Official statistics show...
A lettings agency that launched just two years ago has snapped up an independent firm in the same city in a deal reported to be worth £250,000. Local media in Glasgow say Even Property in the city will double the number of managed properties on its books to 500 after buying...
The appeal by Labour’s Mayor of London, Sadiq Khan, to be given powers to introduce rent controls have been dealt a critical blow, according to a trade body. The Residential Landlords Association claims that Office for National Statistics data published this week shows that in the 12 months to October 2019,...
The property management platform Apropos, scheduled to launch early next year, says it’s signed up 25 business partners ahead of schedule. The platform is to be operated by long-established property management firm DJ Alexander Ltd; with its partners, it now covers 70 per cent of Greater London along with 45 per...
The Residential Landlords Association (RLA) has once again called for the introduction of a properly funded housing court to cope with proposed regulatory changes and speed up repossession cases. The Ministry of Justice says it takes private landlords an average of 22.6 weeks from making a repossession claim to the courts...
Rents in the UK’s private rented sector increased further in October, according to the latest data. The figures from HomeLet show that the average rent in the UK reached £953 per calendar month (pcm) in October, up 2.7% year-on-year. When London is excluded, the average rent in the UK is now £788pcm,...
It conjures up so many images – from that Sinatra song and the Statue of Liberty, to the bright lights of Broadway, the yellow cabs, Central Park, the Rockefeller Centre and Times Square – but what is the current state of the property market in one of the world’s global...
There was a significant increase in the number of buy-to-let mortgaged properties taken into possession in the third quarter of the year, new figures show. Data from UK Finance reveals that 800 buy-to-let mortgaged properties were taken into possession in the quarter, an annual rise of 40%. In total, there were 4,550...
One in four (27%) females are spending more than half of their salary on rent, compared with just 17% of males, according to new research by SpareRoom. The comprehensive survey – which polled 6,000 millennials – revealed that the gender pay gap has created a gender rent gap. Women earning less...
