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Rents fall slightly in December to offer tenants ‘a minor win’

The UK’s rents for new tenancies dipped by 0.9% in December 2023, reaching £1,268 which is still 8.01% more than the same month in 2022, the HomeLet rental index reveals.
The average rent, excluding London, was £1,061, a 0.5% decline from Novembe…

What’s the legal course for a tenant who wasn’t given a proper legal contract?

Hello, I am a new landlord. I have learnt from a prospective tenant in Wales that the current landlord has given him a typed-out one-pager contract for a room in a shared house in Wales and his deposit is NOT being protected.

House prices in England and Wales plummet by 4.1% in October

The housing market in England and Wales suffered a blow in October as the average house price fell by 4.1%, or £15,700 to £362,777, according to the latest data from e.surv Acadata house price index.
This is the biggest monthly decline since August 20…

‘Devastating rent rises’ for tenants as landlords sell up

Private rents have soared in England and Wales over the past year, according to a new report from the Office for National Statistics (ONS).
The report, based on data collected from February 2022 to September 2023 as ONS researchers revisit privately re…

No Gas and No gas certificate?

Hello, what do you do as a responsible landlord when your plumber arranges an appointment not once but twice to visit your tenant’s flat on the anniversary of your gas safety check to be greeted by the tenant/contract holder (Wales) with there is…

How rising interest rates could hit BTL landlords

Since most buy-to-let landlords are heavily reliant on mortgages, there is a potential regional impact should interest rates rise again, research reveals.
Property lending experts Octane Capital says that 78% of the average BTL portfolio has been finan…

Home sellers see asking price expectations drop

Home sellers across England and Wales have seen a decline in the percentage of the asking price achieved over the last six months, according to a new report.
The estate agent comparison site, GetAgent.co.uk, has looked at the original price a property …

UK rents continue rising as London leads the surge – ONS

Private rent prices paid by tenants in the UK have continued growing and have risen by 5.5% in the year to August 2023, data from the Office for National Statistics (ONS) reveals.
This is up from 5.3% in the year to July 2023

New property purchase – is it a HMO?

Hi, I’m new here. Please be gentle. I am a BTL investor of 25 years, so not a complete newbie, but have only ever invested in single occupancy ASTs.
My eldest child is off to University this month and I am considering purchasing a property as an …

Landlords urged to have their say on the Welsh Government’s plan to cap rents

Landlords in Wales are being urged to have their say on the Welsh Government’s green paper on fair rents and adequate housing – which could see rent controls in the private rented sector.
To help, the National Residential Landlords’

Welsh Government faces backlash over holiday accommodation licence plan

The Welsh Government’s plan to introduce a statutory licence for tourist accommodation providers has met with strong resistance from the industry and the public, according to a consultation report.
The report, which summarises the feedback from …

Welsh First Minister rejects calls for a rent freeze – but critics want more

Mark Drakeford, the First Minister of Wales, has rejected the idea of implementing a rent freeze in the country.
That’s despite his government launching a consultation on introducing rent controls in Wales earlier this month.
This week

Welsh Minister supports tax review proposal for the PRS

The Welsh Minister for Climate Change, Julie James MS, has expressed her support for the National Residential Landlords’ Association (NRLA) proposal to conduct a comprehensive review of taxation in the private rental sector (PRS).
The endorsemen…

Industry body responds to rent controls in Wales

A leading industry body has warned the Welsh government about the failures of rent controls.
Propertymark has responded to the Welsh government’s green paper consultation on housing adequacy and fair rents.
The document says that some countries have ru…

Plan for rent controls a ‘disaster’ for Welsh landlords

As the Welsh Government unveils its Green Paper to address adequate rented housing and fair rents, the National Residential Landlords Association (NRLA) is calling on landlords to make their views known.
It says that everyone concerned with housing mat…

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