The Tenant Fees Act has been implemented
The Tenant Fees Act has now come into force, cutting fees imposed by landlords and agents. The act also caps the tenancy deposits that renters pay at the start of their tenancy at the equivalent of five weeks’ rent. In addition, under the its default fee provision, landlords and agents are only able to recover […]
Older buy-to-let borrowers are being encouraged
More lenders are seeing the benefits of supporting older investors in buy-to-let properties. Santander has recently joined others in increasing the maximum age for its buy-to-let mortgages from 75 to 85 years and making changes to its affordability calculator. The aim is to open the market to more potential older investors. Borrowers aged 65 can now […]
More build-to-rent homes are needed
Investment in build-to rent homes could be one of the solutions to adult children having to live with their parents for longer. Research from Civitas, Institute for the Study of Civil Society, shows a million more sons and daughters in the UK are living with their parents than there were two decades ago. The report reveals that […]
Healthy and happy
Norwich has come second in a nationwide survey looking at the healthiest places to live in the UK. The East Anglian city, which regularly tops national lists of the best and happiest places to live once, was one of 30 cities to be considered. Insurance company Protectivity carried out the research, taking a variety of lifestyle factors, health […]
More growth for private rented sector
An estimated 595,517 new private rented sector (PRS) households are expected to be seen in the UK within the next five years. According to recent research carried out by Knight Frank, this will take the total proportion of those renting privately up to 22 per cent up from the 20.6 per cent it is today. The Multihousing […]
Increase in of build-to-rent homes
The total number of build-to-rent homes under construction across the UK has increased by nearly 40 percent, according to the British Property Federation (BPF). Research carried out for the organisation by Savills shows there are now 139,508 new high-quality, professionally-managed homes built for renters in the UK. Of these, 29,416 are complete, 43,374 under construction […]
Tenant Fees Bill comes into force in June
Landlords and agents must now prepare themselves for changes in the law regarding fees and payments, which will come into effect from Saturday 1 June this year. Speaking to the Lords in then Houses of Parliament this week, Lord Bourne of Aberystwyth said that following royal assent, the provisions of the Tenant Fees Bill will […]
University cities are best for landlords
New research has revealed university towns and cities are potentially the most lucrative hotspots for landlords. Credit report company TotallyMoney surveyed more than 580,000 properties across England, Scotland and Wales, and discovered locations with high student populations boasted some of the UK’s highest rental yields. TotallyMoney’s head of brand and marketing communications, Mark Moloney, says: “With students […]
New Student Accommodation
An on-site gym, a games area and a state-of-the-art cinema room are just some of the highlights of new city-centre student accommodation being launched in Norwich this week. Crown Place on St Stephen’s Street is being developed by Crown Student Living to offer stylish, contemporary rooms to more than 700 students. CRM Students are the […]
More new homes
Official figures released this month show significant progress is being made by the housebuilding industry in addressing the country’s housing crisis, according to the Home Builders Federation (HBF). The annual release of the Net Supply of Housing Statistics figures revealed that housing supply in England increased to 222,190 in the year to April – up 78 per cent in […]