Value of Private Rental Sector Grows
The past year has seen a rise in the value of the Private Rented Sector (PRS) in England, Wales and Scotland, according to a recent report. Shawbrook Bank’s the Changing Face of Buy-to-Let has revealed growth of 5.8 per cent, taking the total value of the sector to £1.4 trillion. The report concluded that the Covid-19 pandemic and subsequent government reaction has dramatically re-shaped the market. The Stamp […]
Rental homes need more energy efficiency support
Just five per cent of private rented households have received government help to fund energy efficiency measures despite having the greatest need. Although more of those classed as fuel poor live in the sector, private rented households received only half of the help given to those in the social sector. According to the English Housing Survey, […]
Private rental sector worth £1.4 trillion
The UK’s private rental sector sits at almost £1.4 trillion pounds, according to the latest research by buy-to-let specialist, Sequre Property Investment. Sequre Property Investment compiled data on the number of current private rented dwellings across England, Wales, Scotland and Northern Ireland, before looking at the total value of these rental portfolios based on current property […]
Summer is here but start thinking about autumn
The school summer holidays are now underway and it about time we all finally found time to enjoy ourselves. It has been a very difficult 12 months for most of us, living in lockdown, not seeing friends and family as much as we would like and not being able to do many of the pastimes […]
Most tenants are happy in their homes
More than 80 per cent of private renters in England are satisfied with their accommodation according to the latest English Housing Survey. The English Housing Survey (EHS) is a national survey of people’s housing circumstances and the condition and energy efficiency of housing in England. Nearly one in five households in England live in the […]
Tenants and Landlords Have Been Collaborating
A continued fall in landlord possession claims took place between April 2020 and March 2021, according to new research produced by the National Residential Landlords Association (NRLA). This latest NRLA research: The Wait of Justice 2021: How Covid Legislation Affected Possession, shows possession claims have dropped significantly since the initial court closures. During the […]
Changes to notice periods for evictions
The UK Government has announced that from June 1, 2021, notice periods in England that are currently six months, will now be reduced to four months. The current ban on bailiff-enforced evictions, introduced as an emergency measure during lockdown, will end on May 31. As part of a phased approach through Step Three and Step […]
Now is the time for new landlords to let
The continued lack of new properties coupled with high demand from tenants suggests now is a good time for first-time landlords to come forward. A lack of new properties to let has put pressure on prospective renters, according to the Royal Institute of Chartered Surveyors (RICS). Tenant demand for rental properties picked up over the […]
Number of prospective tenants still rising
High numbers of prospective tenants are still registering with lettings agencies in a bid to find themselves new rental homes. ARLA Propertymark’s February Private Rented Sector Report has revealed there is no sign of demand slowing down in the rental market. The number of new prospective tenants registered per branch rose slightly from 81 in […]
Rents and house prices expected to continue to grow
Increasing demand, together with the continued shortage of homes, means rents and house prices are still rising, according to the Royal Institution of Chartered Surveyors (RICS). A regular survey by RICS revealed an increase in tenant demand in the three months to February and an expectation that rents will rise over the coming year in […]