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 government's Department of Levelling Up, Housing and Communities has said that its white paper on rental reform, which was part of a 2019 manifesto promise, has been delayed yet again. The further delay of publication from this autumn until 2022, comes as the creators of the report are given extra time to develop a balanced set of reform proposals.
On Wednesday 27 October, the chancellor, Rishi Sunak, delivered his Autumn Budget for 2021. It’s been marketed as a generous package of increased spending to boost the nation’s post-Covid recovery, but as always there are winners and losers – and not everything in it is quite as straightforward as it seems.
Following months of pressure from various bodies representing landlords and tenants, the UK government has provided new funding for local authorities across England to support tenants who have fallen into arrears due to the effects of the Covid-19 pandemic. The £65 million fund will be allocated via local councils to ensure vulnerable people living in rental accommodation will not end up homeless this winter due to financial problems related to the pandemic.
Published on 13 October, the third and final part of the government’s Household Resilience Study explores how the Covid-19 pandemic has affected people’s housing circumstances in England. While there are no shock revelations, the research does shed further light on ‘hidden’ issues like the ongoing arrears problem in the private rented sector.
Two separate reports show that rents have risen in recent months as demand for property in the lettings market remains high. The data suggests the recovery in demand for rental homes has continued over the third quarter of the year with one stating it expects demand to remain strong and push rents higher.
As the business of being a landlord becomes increasingly regulated and professionalised, letting agents too have upped their game. These days most of them are highly professional companies with experienced staff, codes of conduct and membership of industry bodies.
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
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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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