Property Industry News

Landlords will become ‘more selective’ if the government scraps Section 21

Fri, 05 Jul 2019 12:00:39 GMT
But-to-let landlords will have little alternative but to become more selective over what tenants they are willing to accept if the government removes Section 21. Many landlords see the Section 21 ‘no-fault’ eviction process as their only safety net against unscrupulous tenants. [...]
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Wide gap in regional rental prices, new figures show

Fri, 05 Jul 2019 12:00:18 GMT
The average rent increased in four of the eight regions monitored by Goodlord across England and Wales between May and June, the latest rental index from the PropTech firm shows. The rental data reveals wide regional variations, with rents up by 6% in Wales and the South West, but dropping b [...]
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Glasgow’s first major city centre Build to Rent development successfully delivered

Fri, 05 Jul 2019 12:00:05 GMT
Construction has been completed on the first major city centre Build to Rent development in Glasgow. With young professionals flocking to the Merchant City scheme, Candleriggs Court has been fully-let within weeks, demonstrating appetite for city centre living. Having been met with high lev [...]
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Vida introduces new BTL products

Fri, 05 Jul 2019 12:00:02 GMT
Vida Homeloans has announced the release of a series of new specialist mortgage products, including buy-to-let deals. The products include a 75% loan-to-value five-year fix buy-to-let offering at 3.59%, which includes a £3,495 fee, along with a 75% LTV five-year fix HMO or HUB deal at [...]
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Four out of 10 landlords call for a fast track housing tribunal

Thu, 04 Jul 2019 12:00:09 GMT
Almost four out of ten adults would like to see the government introduce a fast track housing tribunal if the Section 21 ‘no-fault’ eviction process is scrapped, new research shows. According to Paragon’s PRS Trends Report for Q2 2019, which surveys the views and experience [...]
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Significant increase in the number of tenants registering in London – haart

Thu, 04 Jul 2019 12:00:07 GMT
There has been a sharp rise in the number of people living in private rental homes, owed in part to a lack of new stock to buy, according to haart The independent estate agency reports that pent up demand has led to 28 buyers chasing every instruction across London, and 12 across England and [...]
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Landlord ordered to pay almost £39k for putting tenants’ lives at risk

Thu, 04 Jul 2019 12:00:06 GMT
A private landlord who put the lives of his tenants at risk has been ordered to pay a £20,000 fine and £18,790 prosecution costs. Graham Hammer, 68, was also handed a six month sentence suspended for 12 months with a two month curfew between 7pm and 6am. No fewer than 16 tenants [...]
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Local authorities ‘failing’ to stop agents that ‘poison’ landlord-tenant relationship

Thu, 04 Jul 2019 12:00:04 GMT
The National Landlords Association (NLA) is calling on local authorities to take much firmer action against rogue letting agents that tarnish the image of the private rented sector. New research by the NLA found that more than half of local authorities did not prosecute a single letting agen [...]
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