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 […]
High tenant demand
Tenant demand reached a five-year high during the final quarter of 2020, research conducted on behalf of Paragon Bank has revealed. Nearly a third (32 per cent) of landlords reported increasing levels of tenant demand during the final three months of the year, the highest level since early 2016. The figure was up from 29 […]
Mirroring lettings process could help with conveyancing
Elements of the way agents let homes should be implemented by those selling properties, according to estate agency platform Gazeal. The antiquated conveyancing system could be more effective if it mirrored some of the best practice from the lettings process, it has stated. The digital platform says that the additional pressure on the conveyancing process […]
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 […]
The festive season is on its way
But we still have no idea quite what it will look like! What we can say, however, is that, if you move quickly, there is still time to let or rent before Christmas. There is no escaping the fact that 2020 has been an unimaginable year and many of us will be pleased to wave […]
Five reasons to choose a lettings agency
New and experienced landlords have many reasons for choosing to work with a trusted and reliable agency, such as Norfolk Property Lettings & Management. Here are five of the key reasons: Lifting the stress Property lettings and management companies offer different levels from service, from simply finding and vetting tenants to complete on-going management. Some, […]