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Welsh temporary lockdown – Is moving home permitted?

Welsh First Minister, Mark Drakeford, announced A short, sharp “firebreak” will be introduced across Wales at the end of this week to help regain control of coronavirus.
The fire-break will start at 6pm on Friday 23 October and end on Monday 9 November…

Room rents in London remain depressed

Although Covid-19 restrictions began to ease in Q3, the rental market in the capital still struggled to recover, with the average London room rent down 7%, from £780 in Q3 2019 to £725 in Q3 2020.
Rents in EC3/Aldgate (-34%) *
The post Room rents in Lo…

Size matters for the UK average house price of £231k

How much space can the UK’s average house price of £231k buy you across the country?
Home buyers in the West Midlands can afford almost double the floorspace than those in the South East, according to new research1.
The post Size matters for the UK ave…

Beyond Section 21 Report – The unintended consequences if government doesn’t listen

Following the Government’s announcement and subsequent consultation into repealing Section 21, which received in excess of 20,000 responses, The Lettings Industry Council (TLIC) commissioned a report ‘Beyond Section 21’ to look at the impacts of doing …

How to prepare for the 2021 Property Market Crash

Most property investors believe, that the current property market mini boom won’t last for long, and when the bubble bursts, there will be a property market crash in 2021. What does that mean for you?
This could be a huge opportunity for you if you are…

Dogs and Domestic Animals (Accommodation and Protection) Bill 2019-21

A new Parliamentary Private Members’ Bill sponsored by Andrew Rosindell, Conservative MP for Romford, would seek to give tenants who own a dog or other domestic animal the right to have it live in their rented home, provided they demonstrated res…

Probably best not to keep deposits in a tin at your Mum’s house!

Mr Mark Bradley from Gourock, Scotland, has been ordered to pay his ex-tenant £1,500 after failing to protect her deposit with an approved deposit protection scheme.
On 4 September 2020, following a Case Management Discussion by the Housing and Propert…

Mortgage payment holiday forbearance framework

In a speech by the Director of Consumer and Retail Policy for the FCA, Nisha Arora, it was outlined how lenders should support borrowers forced into taking mortgage payments holidays during the pandemic.
In the guidance below it sets out expectations f…

Turnaround in BTL broker confidence compared to last year

Just under half of mortgage intermediaries expect to write more buy-to-let business in the next 12 months, according to Paragon Bank’s Financial Adviser Confidence Tracker (FACT) Index.
The index developed quarterly by the specialist lender, is evidenc…

Tenants now prefer a text?

Using text messages to remind tenants when rent is due and chase late payments provides a range of benefits, according to PayProp who say communicating via text not only saves time and resources, but also meets the needs of modern tenants
The post Tena…

Winter support package for rough sleepers

Communities Secretary Robert Jenrick has announced a support package to help keep rough sleepers and those at risk of becoming homeless safe this winter in the press release below:
This will give local areas the tools and funding they need to protect p…

Furlough not far enough for renters

The NRLA responded to the Chancellor’s announcement of furlough schemes where local lockdowns exist with, Ben Beadle, Chief Executive, saying:
“The local furlough payments are not going to be enough to help renters who are already behind with their ren…

30% of landlords may sell and only 16% may buy in the coming year

The latest NRL A survey in England and Wales indicates the majority of landlords expect their rental business to be negatively impacted by the COVID-19 pandemic. The survey of just over 2,000 members found that 48% felt they would face a ‘slightly’ neg…

NRLA wants English Government to follow Wales and Scotland for PRS help

The NRLA’s submission to the government is calling for a package of financial support for landlords and tenants to assist with Covid-19 related rent arrears ahead of the publication of its Comprehensive Spending Review.
Unlike the recent announce…

12-month housing market expectations move deeper into negative territory

The latest RICS Residential Survey shows the UK housing market activity remained strong in September with buyer enquiries, agreed sales and new listings all remaining strong over the month. Nevertheless, sales further ahead are expected to weaken amid …

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