Extension to ban on evictions
Housing Secretary, Robert Jenrick, has announced a further extension to the ban on bailiff-enforced evictions for private renters in England. The current restrictions were due to end on January 11 following a month-long ban over the Christmas period. The new extension will be until Sunday, February 21, and reviewed regularly. Exemptions to the regulations which […]
Busiest ever start to the year
Rightmove has recorded its busiest ever start to a new year, with visits to the site up 30 per cent on the same time period in 2020. There are very early signs of activity continuing to grow during lockdown, with over six million daily visits to the site on January 6 and 7, according to […]
Private landlords offering more support
Private landlords have been giving more help to tenants who cannot pay their rent as a result of Covid than those in the social sector according to the English Housing Survey, published today. Since the start of the pandemic six per cent of private renters had secured a reduction in their rent payments compared to only […]
Boom in buy-to-let sales
With the end of the stamp duty holiday looming, landlords have joined other buyers in rushing to complete their purchases, according to recent research by Hampton. In November, landlords made up 15 per cent of buyers in Great Britain, the highest figure since December 2016. By the end of 2020, investors will have bought around […]
Legal & General launches new Suburban Build to Rent division
Legal & General Capital (LGC) has announced the launch of its new Suburban Build to Rent (SBTR) business to develop large-scale, single family rental communities in suburban locations across the UK. The new housing arm will partner with UK housebuilders and undertake a direct delivery programme to bring forward over 1,000 homes each year from […]
Rental and housing markets remain strong
The UK rental market continues to see a growth in tenant demand and house sales have remained strong for the past month. The October 2020, RICS (Royal Institute of Chartered Surveyors) Residential Market Survey reported expectations for rental growth remain positive over the near term for most parts of the country. In terms of sales, […]
Property and construction businesses to stay open
Those seeking to let or rent homes over the coming weeks can be reassured they can continue to do so during lockdown. Landlords having building work carried out or planning to have work down will also be allowed to do so under the new rules. Although there has been no official full announcement yet, it […]
Calls for support for landlords and tenants
The National Residential Landlords Association (NRLA) has renewed calls for a financial support package for landlords and tenants. The calls come in the wake of the Chancellor’s announcement on furlough schemes in local lockdown areas. Ben Beadle, chief executive of NRLA says: “The local furlough payments are not going to be enough to help renters who […]
Increased demand from tenants
Demand from people across the country seeking rental properties has further increased, according to the August 2020 RICS UK Residential Survey. The research has also revealed that homes close to green open spaces and with private gardens are expected to become more desirable than ever following the global Covid-19. According to the survey, the pandemic […]
Electrical safety guidance
The UK government has released guidance this month on the electrical safety standards in the Private Rented Sector (England) Regulations 2020. There are three sets of guidance with separate versions released for landlords, tenants, and local authorities in England. Private landlords must ensure: *National standards for electrical safety are met. *The electrical installations in their rented properties are inspected and tested […]