Tag: Renters’ Rights Bill
-
House Prices on the Rise Again – RICS
Good news for sellers – house prices are on the up across the UK for the first time in two years! This is according to the latest Royal Institution of Chartered Surveyors (RICS) UK Residential Survey, which tracks the state of the property market. Prices Climb as Buyers Return The survey revealed that prices rose…
-
Landlords Face Longer Wait to Evict Tenants Under Labour’s New Plan
Landlords are being warned they could face lengthy delays when trying to evict tenants who fall behind on rent, under new government proposals. The Labour party’s Renters’ Rights Bill aims to give tenants breathing room by increasing the allowed arrears period from two to three months before landlords can issue an eviction notice. This change…
-
Grainger – Rent Growth Set to Continue Despite Renters’ Rights Bill
Despite the government’s new Renters’ Rights Bill aiming to give tenants more power, industry giant Grainger predicts rents will keep climbing. Grainger, the UK’s biggest residential landlord, has welcomed the Bill but believes it won’t dampen the rental market’s fiery growth. Why? They point to the continuing imbalance between the high demand for rentals and…
-
Southern Rental Demand Grows Faster than North
New data reveals that landlords in the south of England are seeing soaring demand from renters. According to the latest figures from property experts Zero Deposit, more than a third of all rental properties in England found tenants in the third quarter of this year. This represents a 1.7% jump in just three months and…
-
More Landlords Selling Up as Renters Face Record High Rents
The rental market is facing some big changes, and it’s good news for anyone who owns a buy-to-let property or is thinking about becoming a landlord. A new report by Goodlord & Vouch, who provide software to letting agents, has revealed some interesting facts about the private rented sector (PRS). The report, which surveyed over…
-
Suffolk Building Society Slashes Mortgage Rates for Landlords
Suffolk Building Society has announced a rate cut across its Buy-to-Let products, just as new regulations threaten to squeeze landlords’ profits. In a move that will be music to the ears of property investors, the building society has reduced rates on a range of its fixed-rate Buy-to-Let mortgages by up to 30 basis points (bps).…
-
Landlord’s Guide: Renters’ Rights Bill – What You Need to Know
The Renters’ Rights Bill is coming, and it’s time to get your ducks in a row. This new bill aims to overhaul the private rental market and while it’s not going to come into effect overnight, it will eventually change how you do business. Writing in The Telegraph, “The Secret Landlord” shared some tips for…
-
Will New Renters’ Rights Bill Drive Landlords Out of the Market?
The new Renters’ Rights Bill could be a game-changer – and not in a good way. This bill, which aims to shake up the buy-to-let market, goes further than many expected and could send shivers down a landlord’s spine. More Than Just a Ticking Box The bill isn’t just a rehash of the Conservative government’s…
-
Landlords Face Eviction Shock – No-Fault Evictions to be Axed
The Labour government is set to ban “no-fault” evictions within months, giving renters more security and causing ripples across the property market, according to The Guardian. No More Section 21: A Big Win for Renters Remember Section 21? It’s the clause that allowed landlords to evict tenants without a reason. Well, it could be gone…
-
UK House Prices Set to Climb Faster than Inflation
UK house prices are expected to rise steadily over the next few years, beating inflation. But for renters – you might be facing some steep rent increases. And what does this all mean for first-time buyers trying to get a foot on the property ladder? Here’s the summary, from a survey of experts by Reuters:…