Latest News
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“Rental Market is Broken” – Former Minister
The UK rental market has long been a topic of concern, and recently, former Communities minister Sir Bob Neill voiced his apprehensions, labeling the market as “broken.” This sentiment follows the release of a shocking poll commissioned by property investment firm Castleforge, which paints a stark picture of the struggles faced by tenants in the…
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Rent Affordability Worst for a Decade
Rents on the Rise: The harsh reality for UK renters is that affordability has reached its lowest point in the last decade. Over the past 12 months, rents have surged by an average of £110 per month, leaving tenants with dwindling financial flexibility. The Affordability Equation: Rental affordability, defined as the proportion of gross earnings…
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Scotland’s Rent Control Loophole: Impact on New Tenants and the Wider UK Rental Market
The housing market in the United Kingdom has seen significant fluctuations in recent years, and a recent development in Scotland’s rent controls has raised eyebrows and concerns among tenants and property investors alike. A loophole in Scotland’s temporary rent controls has resulted in new tenants facing some of the largest rent increases in the UK,…
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RICS – UK Estate Agents are Most Pessimistic in 14 Years
One of the most striking observations about the UK property market in August was the notable decline in both house prices and sales. According to a report by the Royal Institution of Chartered Surveyors (RICS), house sales and prices experienced a substantial drop during this period. This downturn can be attributed primarily to the impact…
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Making Private Rented Sector More Welcoming for Disabled Tenants
Today, potential property investors and current landlords are being called to action. A new opportunity has sprung up, aimed at offering financial support to make accommodation more accessible for older and disabled tenants. The goal? To enable these crucial members of our society to continue to live independently and have access to suitable, private rented…
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Start of Academic Year Boosts Rental Demand
The start of a new academic year in the UK brings with it a surge in demand for rental properties, and the latest data paints an intriguing picture of the rental market. In this comprehensive article, we’ll delve into the recent trends, explore the factors behind the surge, and discuss the investment opportunities that this…
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The Rise of Guarantors in the UK Rental Market
In the ever-evolving landscape of the UK property market, recent trends are showing a significant shift in the role of guarantors. Landlords are increasingly turning to guarantors as a means of safeguarding their rental income, and tenants are finding themselves facing this requirement more frequently. The Growing Dependence on Guarantors Landlords’ Quest for Financial Security…
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Rents Continue to Rise
As demand continues to heavily outweigh supply in the Private Rental Sector (PRS), it should come as no surprise that UK monthly rents have once again hit a new record high. According to the latest data from HomeLet, the average monthly rent in the UK stood at £1,261 per calendar month (pcm) in the past…
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Expert Says Buy to Let Still a Good Investment
In a property landscape marked by tax reforms, regulatory changes, and fluctuating mortgage rates, the buy-to-let market stands as a compelling investment option, offering investors the promise of stable long-term returns. That’s the view of Nicky Stevenson, Managing Director of Fine & Country. A Surge in Tenant Demand Despite the hurdles faced by buy-to-let landlords…
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Planning the Perfect Property Extension
Extending your property can be a cost-effective way to gain more space and increase your home’s value. With careful planning, you can embark on a successful property extension project. In this comprehensive guide, we’ll walk you through the key considerations and steps to ensure your extension proceeds smoothly. What to Consider The decision to extend…