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Housing association and council tenants may receive rent increases of no more than 3.1 % (not including up to £2 a week extra that some tenants could pay under rent convergence rules) following the inflation figures announced this morning by the Treasury. The retail price index, one of the key measures for economic growth, fell in September to 2.6… Continue Reading
Category Archives: News
Rents Continue to Rise as Demand Remains Strong
The latest report from Buy to Let Mortgages has revealed that gross yields from rental properties continues to rise as demand for properties remains strong. Gross yields have increased across all types of buy to let properties in the last quarter (except for semi-commercial, eg flats above shops). Across the last 4 quarters, multi-unit freehold… Continue Reading
The DPS Launch a new Insurance Backed Scheme
The Deposit Protection Service (DPS) has been granted approval by the UK government to run an insurance-based deposit protection scheme in England and Wales. The new scheme will run alongside the DPS’s existing custodial scheme. The DPS currently operates the only custodial based deposit protection scheme in England and Wales and will be the only… Continue Reading
Newham Borough Council Introduce Landlord Licences
Landlords with rental properties in the London borough of Newham must license all their properties in the borough by January 1st. Approximately one in three households in Newham borough, an estimated 35,000, are rental properties. Newham Council is charging £150 for applications made before the end of this year. After this time, the fee for… Continue Reading
Record Fine for Landlord Without Planning Consent
Private landlord, Salah Ali, 52, of Wembley, has been fined a record £1.4m after converting a house in Willesden Lane, north-west London, into 12 flats without planning permission. If he does not pay within 6 months, Ali has been warned that he could face a jail sentence of up to 10 years. A judge at… Continue Reading
A Great Time for Landlords as Rents Hit a High and Arrears Drop
It’s great news for landlords as rents in England and Wales rise for a fifth consecutive month in August. The average rent rise was by 1.2%, meaning rents have reached a new high of £734 pcm. In the same month, tenant arrears fell for the first time in three months, according to LSL Property Services… Continue Reading
Customer Reviews
If you are trying to decide which online letting agent to use, look no further! Our customer reviews not only tell you what our customers think of us, but tell us about our strengths and weaknesses. We use this information to grow and be the best we can be, offering both our landlords and tenants… Continue Reading
Squatting in Residential Properties is now a Criminal Offence
As of 1st September, squatting in residential properties has become a criminal offence. Squatters are people who live in a building without the owner’s permission, whether it is a commercial building or residential property. There have been some instances where squatters have even moved in to houses while the owners are away on holiday, or… Continue Reading
Mark Prisk Named as New Housing Minister, as Grant Shapps is Promoted
Ex-construction minister Mark Prisk has been named as the new Housing Minister, after it was confirmed that Grant Shapps has been promoted to the cabinet. Mr Shapps will be a cabinet minister without portfolio and Conservative party chair. The post was previously held by Baroness Warsi, who is moving to take on a dual ministerial… Continue Reading
Your Property is Now Showing on the NEW Rightmove iPad App!
Search traffic generated by people using a mobile device continues to grow at a staggering rate. At peak times up to 30% of searches to Rightmove are being performed via smartphones and tablets. Rightmove have just released their new iPad app. It is free to download from the Apple app store. This exciting new release… Continue Reading