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1083 articles
Landlords unaware of effect of proposed letting fee ban
About three in ten landlords are not aware of the effects that the proposed ban on letting agent fees could have. Property management platform, No Agent, conducted research which showed that 30 per cent of UK landlords are totally oblivious to the proposed ban and its knock-on effects. This is despite the fact that it […]
Landlords are Unclear of What Constitutes a House of Multiple Occupancy
Some landlords are continuing to fall foul of the law by not realising or ignoring the fact that they are effectively an HMO landlord and need a licence. The problem is that there are some landlords who have no idea that they are HMO landlords. It could be that they are renting out a property […]
Further Trouble Looming in the Rental Market
Policy changes are cited as the main reason why landlords could pull out. Their predictions for the next three years were just as negative, with 52 per cent of those surveyed saying there would be a net reduction in landlords in the next three years. Only 17 per cent thought there would be an increase […]
InventoryBase shortlisted in two categories at this years Negotiator Awards
We are proud to announce that InventoryBase have been shortlisted by the Negotiator Awards 2017 within both the Supplier of the Year: Products & Services & Supplier of the Year: Professional Support InventoryBase have been confirmed as a finalist at the Negotiator Awards 2017, which is due to be held in London at the end […]
Calls to Ease Financial Burden on Landlords
Calls are being made for politicians to make changes to support investment in private rental property and make sure funds are in place before the Homelessness Reduction Act can be properly implemented. The National Landlords’ Association has put forward several sensible proposals to HM Treasury ahead of the Autumn Budget Statement, which is due to […]
Time to comply with new energy-efficiency rulings
The clock is ticking down to the new rulings regarding Energy Performance Certificate ratings for rental properties. It is 10 years since these EPC certificates were introduced for all homes being sold or rented. Now, new rules are coming into force in April 2018, to introduce minimum ratings in the private rental sector. These properties […]
Investors Pour Millions into Proptech Companies
Technology is continuing to make waves in the world of business and property is no exception. Already this month, more than £45 million has been invested in property technology companies. Online estate agent Yopa has raised £27.6 million from estate agent group LSL and DMGT, which owns the Daily Mail. Unlike most traditional agents, Yopa […]
Landlord Insurance Could Spell the End for Tenants’ Deposits
It’s an expensive business to move house, particularly for tenants who need to find a month’s rent in advance plus a deposit which could more than double their outgoings. The deposit scheme was set up to improve standards and to encourage landlords to keep on investing in the buy-to-let sector because they had a financial […]
Is Scrapping Tenants’ Deposit Schemes Good For The Economy?
Since tenancy deposit protection legislation was introduced in 2007, millions of tenants have handed over billions of pounds to be protected through the schemes. The idea behind the legislation was to raise standards in the letting sector, as the deposit is regarded as the tenant’s money to be returned at the end of the contract […]
Look north for best buy-to-let investments
Towns and cities in the north of England have come out on top of a league of the best places to invest in buy-to-lets. A study ranked 100 major towns and cities in Britain, taking into account the average income, property price and rent. This exposed a clear north-south divide, with every one of the […]
Insurance Could Replace Tenant Deposit Schemes
Tenants’ deposit schemes are not helping anyone. Tenants have to hand over at least one month’s rent – and sometimes two – to secure a new home even before they have had their previous deposit returned. Also, the money then just sits in an account and so is effectively dead money. There are other solutions […]
Can a good inventory assist in the fair return of deposits?
The tenant deposit scheme is causing controversy because it is seen as unfair to tenants, who have to pay a large lump sum when they move into a new property. This could be a double whammy, as they may not have had their previous deposit returned before having to fork out again. It could also […]
Younger people more likely to rent than own property
Younger people and families, particularly lone-parent families, are renting in increasing numbers in the private rental sector, rather than buying. The Department for Communities and Local Government has just released the English Housing Survey on the Private Rented Sector (PRS) 2015-2016, which shows the private rental sector remains the second largest tenure in England, having […]
Looking after the needs of older tenants
More retirees and older people are moving into rented accommodation due to a number of factors, such as downsizing, the cost of maintaining their property, becoming divorced or widowed, and the need to move nearer to their family. Figures from the National Landlords Association show the number of retired people living in rented properties went […]
Code of practise designed to help avoid tenancy disputes
A code of recommended practice has been set up by a longstanding provider of tenancy deposit schemes, TDS, in a bid to cut tenancy deposit disputes. The company says it has good insight into what causes tenancy deposit disputes, because it deals with more than 10,000 of them each year. It has set up the […]
Rents rising across the country
The shortage of decent rental properties is continuing to drive up rents across England. Although there has been an increase in rental stock, 31 per cent of landlords and agents have seen rents go up in June, according to the Association of Residential Letting Agents. In the past 12 months, the supply of rental stock […]
Younger tenants: Why Landlords are becoming more reluctant
Many landlords are planning to change their policies on renting to younger tenants, which could mean they find it harder to find decent accommodation. Most landlords are willing to take on younger tenants, but about one-third of those surveyed are changing their letting strategy, according to research commissioned by the Residential Landlords Association. Sheffield Hallam […]
Why there is an urgent need for build-to-let investment
With more people looking at long-term renting rather than seeing it as a stop-gap before they buy property, the housing shortage is becoming increasing acute. As well as Generation Rent, who cannot get on the property ladder, there are also older people who have stepped off the ladder, either because they are downsizing and want […]
InventoryBase to present their software to industry professionals at EA Masters
InventoryBase will be at the EA Masters Exhibition at The Intercontinental London, 22nd September. The EA Masters event taking place in London on 22nd September will see professionals throughout the Estate & Letting Agency industry come together. InventoryBase will be exhibiting at the event, and giving property professionals the opportunity to try out their product […]
Buy-to-let: Demand continues to soar
Demand for housing in the UK continues to outstrip supply, despite measures to improve the buy-to-let sector and help people get a foot on to the property ladder. The lack of decent housing has been the main reason why UK house prices have increased at such a fast pace in recent years. That trend is […]
Councils want further crackdowns on landlords
More landlords could be facing further legislation and red tape, if a London borough gets its way. Brent Council is asking the government to allow it to set up a selective licensing scheme throughout the entire borough. It argues that it is necessary to help it stamp out rogue landlords in the north-west London borough. […]
What to do if you need to evict tenants?
Keeping up with the rules and regulations surrounding buy-to-let properties has never been more important. One lapse could mean a costly court fine or conviction. One area where it is particularly important to comply with these rulings is when a landlord wishes to evict tenants, particularly anti-social or problem tenants. The courts will want to […]
Landlord fined £10,000 while others face jail
A private landlord has been prosecuted and fined £10,000 for failing to get a licence for his rental property. Hastings Borough Council brought a successful prosecution against Philip Dempsey of Malden Road, Surrey, for failing to license his Bohemia Road property between October 2015 and June 2017, despite it being in a ward in the […]
Tenants become landlords to get on the property ladder
Home ownership figures are expected to fall further, as more young people are priced out of the property market. Basically, this means that a whole new generation is being priced out of the housing market, according to a new survey by LetBritain. Its figures show 39% of adults do not have the money to […]
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