Are councils still too soft on rogue landlords?
A new report suggests that local authorities are still failing to tackle criminal landlords, despite having extensive powers to do so. Coming at a time when many councils have implemented additional/selective licensing schemes for landlords, this does seem to cast some doubt on the value of these schemes, and poses some interesting questions in the context of upcoming rental reform.
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BTR Landlords Welcome Pets in Their Lets
As pets remain popular among people living across the UK, Build-to-Rent (BTR) developers are increasingly offering pet friendly homes to potential tenants. With the Private Rental Sector (PRS) typically considered to less fond of pets, this finding in recent research that almost 50% of BTR openly welcome pets is sure to be good news for many tenants in the lettings sector.
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BTR Sector More Affordable Than PRS
As a new 440-unit Build-to-Rent (BTR) development is announced, a separate study has found that amid claims by some that the sector is expensive for renters, it is actually more affordable than the Private Rental Sector (PRS). While the BTR segment remains relatively niche with the majority of the developments available in just 20 English cities, on a rent-to-income basis, it is considered affordable by certain standards set by the Office for National Statistics.
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Dealing with loss adjusters on an insurance claim
If you have to make a large or complex claim on your home or landlord insurance, the insurance company will probably appoint a loss adjuster to manage it. But what is their role, and are they on your side or not?
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Demand from New Tenants Returns to Lettings Market
As the UK's economy is now fully open with a strong jobs market, demand for properties to let has seen an increase in demand from new tenants. Two separate reports show that new entrants to the UK's letting market are on the rise, in addition to existing tenants moving to a new home.
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Greening the UK property industry
The COP26 climate summit in Glasgow has drawn to an end, with mixed results. Many will feel the pledges haven’t gone far enough, while others will want to emphasise the significant progress that has taken place.
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Location Returns as Key Detail for London Lets
After an unexpected period for the UK's lettings market, which saw many tenants search for larger properties with more space as soon as they were permitted, the London rental market has begun to see a return of interest in smaller properties in prime locations. With many firms supporting a return to the office for their staff, a recent survey shows that interest in the pied-a-terre sector of the London market has increased over the summer months.
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Rental Supply Falls as Demand remains Upbeat
The UK's supply of rental homes is once again coming under pressure as demand from tenants across most regions continue to recover from the lows seen during the height of the pandemic. Two separate surveys report that demand from tenants is rising across the country with London in particular experiencing a sustained period of increased interest.
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Rents Rise as Detached Properties Retain Popularity Despite Low Supply
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.
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Welsh Government Launches PRS Leasing Scheme
Public sector tenants in Wales should be given the opportunity to agree long-term tenancies on properties leased from the private rental sector following the announcement of new government scheme. The news comes in addition to a previous commitment from the Welsh government to build 20,000 affordable homes for rent in the next five years.
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