As the UK Government battles growing criticism on various fronts, watchdogs and industry bodies are sharing their dissatisfaction. A recent report from the National Audit Office (NAO) suggests government regulation of the Private Rental Sector (PRS) makes it unfair towards renters. That's a view that lettings professionals and even some MPs have shared in the past week or so.
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As gas prices continue to climb, many tenants are becoming increasingly concerned about their energy costs. Some argue that, however careful they are about their usage, their ability to keep bills under control is hopelessly compromised in less energy efficient properties – and that landlords should be doing their bit by making upgrades where necessary.
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As we near the end of a whirlwind 2021, many people are considering their plans for the coming year, including potential investment options. If Buy-to-Let (BTL) investment is on your wish list for 2022 - as a new landlord or expanding your existing portfolio - then some recent research might be helpful. An annual BTL city tracker details some key elements property investors look for, giving you a good idea of what kind of price you can expect to pay and also the potential yield you could secure.
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The UK government has extended temporary rules allowing Letting Agents to conduct Right to Rent checks via video rather than in person, from May 17 to June 20, 2021.
Recent surveys have suggested the UK's lettings and housing market is getting close to being business as usual, if not now, then certainly in the coming months. Supporting that is the news that some 58% of agencies having opened their physical doors over a month after the Government said they could begin work again. However, while some expect to be fully operational at some point during July, a small proportion anticipate they will still have some employees on furlough in October.
With students encouraged to stay at home and many workers in the city being furloughed or working fewer hours, demand for rental homes in the English capital has dropped off, which has in turn, weighed on rent levels. Amid the ongoing uncertainty wrought by the coronavirus pandemic, reports suggest the average London rent has declined by between 10-15% and that's despite an increase in demand as lockdown measures are eased.
The requirement for letting agents to join a Client Money Protection (CMP) scheme has been delayed for another 12 months. CMP legislation was introduced in April 2019 as a way for Letting Agents to protect their clients’ money through a number of registered schemes.
If you’re an estate agent, you probably already know that you might not be getting paid what you’re worth. Of course, in many businesses, an estate agent’s basic salary isn’t the only earning opportunity, there are also seller fees involved. However, even though there are ways to increase your earnings, at an average annual salary of £19,843, UK estate agents are among the lowest paid in the world.
Any lettings and estate agents who thought the Government would ease up on new legislation for the residential sector are likely to be disappointed. Trade body The Residential Landlords Association warns that at least five pieces of legislation in 2020 will affect landlords and letting agents.
A big thank you from us to all tenants past and present for their kind words about RentGuarantor.com!”
The process was so quick and easy and even when I did find the technical things difficult there was always someone on hand to guide me through, step by step. Would definitely recommend using rent guarantor and I will no doubt do it again in the future
A bit taxing at first but got there in the end helped all through the process came out on top in the end Thanks
Love the service very quick in less than 24 hours I was approved thanks for your hard work.
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Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsed in the 1960s with the release of Letraset sheets containing Lorem Ipsum passages, and more recently with desktop publishing software like Aldus PageMaker including versions of Lorem Ipsum.
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