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Rent ‘reality gap’: London’s tenants are paying more than official data suggests

Renters in the capital are paying 37% or £613 more per month than official statistics suggest, research reveals.
The findings from lettings and estate agent, Benham and Reeves say that high demand is pushing up rent prices –

Welsh government says landlords need crucial financial help

The Welsh government has acknowledged that landlords will need financial help to improve their rental homes to meet energy efficiency targets.
The announcement comes after all 29 recommendations of the Senedd’s Climate Change, Environment, and In…

Holiday lets and HMRC rules?

Hello, Does anyone here understand the rules surrounding extended lets of 31 days plus, please?
Here is the Gov link:
The letting condition. In one paragraph it states this:
The pattern of occupation condition
If the total of all lettings that exceed 3…

Rents hit new high – but record growth is slowing down

Tenants are faced with rents hitting a new record high with renters outside of London now spending an average of £1,190, Rightmove reveals.
The platform says that rents have risen for 13 consecutive months, but the pace of growth is now slowing down.

The best service for Landlords who need to sell their properties

If you’re a landlord who needs to sell their properties and is struggling, keep reading, because we have the best solution for you. No catch, no fuss, we simply know exactly what to do to help you.
You need to sell.

Unreasonable leaseholder refusing to pay towards ‘Major works’?

Hello – I was hoping someone could help me and stumbled upon this site. We have a share of freehold of a small Victorian house – there are 4 flats and we own 2 – 50% of the freehold.
We have the obligation to repair/redo the house every 7 years – and w…

Revealed: Cheapest place to rent in the UK

Average monthly room rents in London now cost a staggering £952, according to a flatshare website.
Spareroom reveals that nearly a quarter (23%) of UK renters have been priced out of the area they were living in in the last six months.

Welsh government should have ‘listened to landlords’

The National Residential Landlords’ Association (NRLA) has hit out after the Welsh government unveiled draft legislation to clarify parts of its Renting Homes Wales Act.
The move will see the terms of converted contracts and any renewals that rep…

Shock poll finds 44% of landlords will sell up

If interest rates rise to 4.5% next month, 45% of landlords say they will sell up, a survey reveals.
The findings from Finbri highlight that landlords are gearing up to bail out if the base rate increases in May.

Tenant has moved out and destroyed furniture – refusing to pay?

Hello, Tenants have moved out and destroyed most of the furniture, doors, and white goods. I have sent them an invoice for the replacement of the damaged items. But they are refusing to pay.
They are also refusing to pay 3 months rent.

The growing problem of cannabis farms

One of the worst nightmares for landlords is finding their property damaged by cannabis cultivation, which is becoming all too common.
The threat of cannabis farms has long been an issue for landlords up and down the country with £2.4 billion worth of…

Renters will see more pressure on rents into the summer

Tenants look set to continue feeling the financial pressure with low stock levels helping to boost rent price growth, one agency says.
Fine & Country also says that as summer approaches, demand will increase and prices will rise even further.

Golden Opportunities for UK Estate Agents

There has never been a better time for Estate Agents to have a fundamental re-think about how to grow their business, because the market has undeniably changed direction.
How can agents prevent their lettings business from shrinking?
How can estate age…

Buildings insurance on main residence affected by claims on BTL?

Hi – I have seven properties which I run as BTL and one holiday let. They are all in my name and I have buildings insurance specific to BTL and FHL for all of them in my name.
On my main residence

Property Redress Scheme expels five more agents

The latest list of expelled agents has been published by the Property Redress Scheme after a lengthy disciplinary process has been carried out.
Once expelled, the agents cannot join another redress scheme until the terms of the PRS’

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