News and information

Agency reports record figures for lettings in London and the regions

“The past year has been marked by fundamental change for the lettings market, both in London and across the regions. The first quarter of 2016 saw an upsurge in investors and landlords rushing through the purchase of buy to let property ahead of the government’s second reform to stamp duty which flooded the spring market with a surplus of stock” says Lisa Simon, partner and head of lettings for the firm.

Posted Oct 3rd 2017 by Property Lets Online Property news

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Two new fee-free mortgage products to help ‘support’ landlords

The first of the two new products, which have no application or completion fees, is a two-year fixed rate at 2.29% to 80% loan-to-value (LTV), or 2.74% at 90% LTV. The second fee-free mortgage is a five-year fixed rate at 2.59% to 80% LTV and 3.14% at 90% LTV.

Posted Sep 12th 2017 by Property Lets Online Property news

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Tenants Face a Dwindling Supply of Housing, Reports the RLA

The new data shows that 33% of landlords have experienced an increase in demand for homes to rent over the past three years. Faced by an imbalance of supply and demand of rental housing, 47% of landlords said that they expected to increase rent prices over the next year. The main reason why rents might increase was the change to mortgage interest tax relief, which will see landlords taxed on their turnover rather than profit – unlike all other businesses – by 35%. The Chairman of the RLA, Alan Ward, comments on the findings: “As demand continues to increase for homes to rent, punitive tax changes are discouraging investment by the majority of good landlords who want to provide accommodation.

Posted Aug 15th 2017 by Property Lets Online Property news

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Why Landlords Still Need Letting Agents Despite Changing Regulations

The news that letting agents will be banned from charging fees to tenants has been met with caution in the private rental sector. Many property professionals are fearful that agents may pass on these costs to landlords, which may result in investors charging higher rents to their tenants. “If this does happen, then the Government’s aim of making renting cheaper for tenants will be defeated,” explains Rose Jinks, on behalf of Just Landlords. “Landlords and agents should be mindful of the decisions they make when the change does come in, to make sure that they consider how tenants will be affected.”

Posted Oct 18th 2017 by Just Landlords Property news

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Britain to become a nation of renters

A study by The Urban Collective reveals half of Brits - 51% - think that the property ladder will only be scalable by oligarchs and high net worth individuals in 15 years’ time. Almost a third - 29.5% - of renters reveal they do not ever plan on ever buying a home, leaving the notion of Britain as a property-owning democracy in tatters.

Posted Aug 3rd 2017 by Property Lets Online Property news

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Finally, some good news for those not on the property ladder: it's getting cheaper to rent

London, rents are falling at a faster rate than anywhere else in the country, down 2.6pc on the same time last year, bringing the average rent of a new tenancy to £1,524 in the capital. This is the third month in a row that rents in the capital have fallen, after having risen very quickly in the first half of last year.

Posted Jul 11th 2017 by Isabelle Fraser Property news

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Landlords need to prepare for post Brexit changes in the immigration laws

However, it is expected that some changes will happen sooner or later that will give the government of the day the tools for a tighter control of the immigration flow. In practice it is very likely that UK landlords might be asked to deal with even more complicated rules around tenants’ Right to Rent verification.

Posted Jul 5th 2017 by Property Lets Online Property news

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Rents in the capital have gone up by 45% since 2007

New analysis by residential property market analysts, Hometrack, shows that greater demand for rented accommodation has been fuelled by strong growth in employment, inward migration from the rest of the UK and overseas, as well as constraints in the accessibility of mortgages for first-time buyers. In stark contrast to London, and other areas of southern England, rental growth in some other parts of the country has been broadly flat over the past decade.

Posted Jul 5th 2017 by Property Lets Online Property news

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Inclusion of letting agency fee ban in Queen’s Speech reeks of desperation

including a Tenant’s Fees Bill, banning landlords and letting agents from charging letting fees.The fees ban was initially announced last November during the chancellor’s Autumn Statement, and although the details are still very unclear, the move is clearly designed to shift the cost of all letting agent fees on to landlords.Some experts now believe that this proposed change in the law will leave landlords with no choice but to further increase rents, as letting agents look to pass existing tenant fees onto landlords.Danielle Cullen, managing director of StudentTenant.com, believes that the prime minister Theresa May is “clutching at straws” by including letting fee ban in Queen’s speech.She said: “The inclusion of the letting agency fee ban in the Queen’s speech does nothing but reeks of desperation.

Posted Jul 5th 2017 by Property Lets Online Property news

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Protecting Your Deposit

If уоu livеd in a rеntеd property оr if уоu knоw someone whо does, уоu аrе ԛuitе likely familiar with the troublesome nаturе thаt a lаndlоrd-tеnаnt rеlаtiоnѕhiр саn оftеn hаvе. Sit in оn the рrосееdingѕ аt аnу tеnаntѕ rights рrоtесtiоn nеtwоrk оr at a ѕmаll сlаimѕ соurt, and уоu'll find thаt lаndlоrd-tеnаnt diѕрutеѕ tend to соmе оn mоrе оftеn thаn thеу should. Cаѕеѕ where tеnаntѕ bring legal асtiоn оn thеir lаndlоrdѕ for еviсting thеm unfairly tеnd to be thе most common kind оf case

Posted Aug 3rd 2017 by Property Lets Online Rental advice

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