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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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.
We're only a few weeks in to 2020 and a new decade, but already, there's been a lot of activity in the lettings market, particularly from a business and management perspective. A number of developments, including plans to create a local Government-led lettings agency, new city-wide rules for planning permission requirements for HMOs and a campaign to more closely regulate the short-let sector, suggest the UK's Letting industry is moving forward to support the growing need for rental homes.
As Letting Agents and Landlords face changes from the new, EU Fifth Money Laundering Directive that came into law on January 10th, ARLA Propertymark is planning to make a number of new resources available to agents and landlords to help ensure they are abiding by the updated legislation.
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.
Average UK rents rose in 2019, as a lack of available properties to satisfy tenant demand pushed them higher. Ongoing Brexit and political uncertainty combined with changing regulations worked to weigh on investor demand for property. However, while tenants will likely face higher rents for some months, research suggests there are signs that Buy-To-Let (BTL) investors are now showing interest in investing anew in the sector.
Three letting agencies operating in the UK have been expelled by The Property Ombudsman (TPO) after failing to comply with instructions from the TPO to honour payments, following tenant and landlord complaints. UK letting agents have come under much tougher scrutiny in 2019 and while the vast majority of them work hard to provide a great service for tenants and landlords in the UK, as with all industries there remains a small minority who fail to follow the rules or official advice and instructions.
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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