Sales values for Central Housing Group

UK continues to appeal to investors despite Brexit

The third Private Capital Survey from Cluttons, which details the results of a survey of 250 wealthy property investors in the Middle East to understand their global property investment intentions, has been published in partnership with YouGov. The survey, which uses sentiment as an indicator of future capital allocation, also interviewed 50 sterling millionaires residing in London. The research found that the UK continues to be at the front of…

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New Figures Suggest Increase in Tenant Arrears among Rising Rents

The latest figures for April released by Your Move’s England and Wales rental tracker highlights an increasing number of tenants in arrears for the fourth consecutive month. The agency figures found that 9.4% of all its tenancies were in arrears last month, up from 9.1% in March, 8.6% in February and 8.4% in January. While the average yield across England and Wales remained steady at 4.4% throughout April, the regional…

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New Housing Minister Central Housing Group

Could Credit Scores now Include Rental Payments?

Currently if a model tenant pays rent on time each month, their rental payment history does not count towards their credit score. However, with the introduction of the Creditworthiness Assessment Bill put forward by Lord Bird, founder of the Big Issue, this could all change. The bill proposes conditions for lenders to take rental payments and council tax payments into account when assessing potential borrowers. Subsequently, it will be made easier for…

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Labour Party calls for three week maximum deposit

After the first hearing of the Tenant Fees Bill this week, Labour is pushing for a maximum tenant’s deposit of just three weeks’ rent. The Shadow Housing Minister, Melanie Onn, said in a tweet yesterday: “Labour is fighting for a new three-week limit for rent deposits: “The current deal for private renters is unacceptable – Labour in government would do more to protect them.” Fellow committee member Jo Stevens MP also…

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UK landlords optimistic Central Housing Group

Revealed: Britain’s best and worst yields for buy to let

An analysis of over 580,000 properties has produced a league table of Britain’s best and worst buy to let postcodes in terms of yield. The research, by website TotallyMoney, suggests that university cities can offer the highest yields on buy-to-let investments with Liverpool, Manchester, Middlesbrough, Newcastle upon Tyne, and Edinburgh shown to be top performers. Liverpool postcodes L7 and L6 take first and second place, with average rental yields of…

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British private landlords Central Housing Group

Buy To Let still strong in the long term, insists ‘state of the sector’ report

The growth of the private rental sector has slowed thanks to government intervention and economic uncertainty – but it will expand in the long term insists a major report out today. Kent Reliance’s Buy To Let Britain report says the overall value of the private rental sector across the country dropped in the last quarter and now stands at £1.4 trillion. Kent Reliance, a mortgage lender, says the combined effects…

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LE Huge drop in number of homes to let across the UK

Landlords exiting the market because of tax and red tape have led to “an acute shortage of available properties to rent” across the country. Analysis by property website Home says the dearth of rental properties is a UK-wide issue but is now particularly severe in London where there has been a 20 per cent drop in the number of properties available to rent over the last 12 months. Over the…

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Three Year Tenancies – Possible tax incentives are welcomed

Buy to let landlords are welcoming proposals being considered by the government to provide financial incentives for those offering longer tenancies. In its much-publicised consultation on the issue, the government is proposing a number of options to implement a three year tenancy model addressing the demand for longer tenancies from the growing numbers of families and older people in the private rented market. One of these options proposes ‘financial incentives’,…

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Meter for landlord purchases

Revealed: Britain’s best and worst yields for buy to let

An analysis of over 580,000 properties has produced a league table of Britain’s best and worst buy to let postcodes in terms of yield. The research, by website TotallyMoney, suggests that university cities can offer the highest yields on buy-to-let investments with Liverpool, Manchester, Middlesbrough, Newcastle upon Tyne, and Edinburgh shown to be top performers. Liverpool postcodes L7 and L6 take first and second place, with average rental yields of…

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Rented homes licensing schemes Central Housing Group

Rows erupt over mandatory three-year tenancies and six-month break clauses

Arguments have already started over the government’s proposals to make three year tenancies the norm in the private rental sector. Letting Agent Today reported over the weekend that the government will today, Monday, announce a formal consultation period on the proposal. In government briefings to selected journalists over the weekend it was revealed that the three year period would be the most common duration for a tenancy in England with some exceptions,…

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private tenants central housing group

You want easier property management? Then let out to families…

A trade body says it has evidence that families take up the least amount of property management time when compared to other types of tenants. The evidence come from more than 1,000 responses to the latest quarterly landlord research panel from the National Landlords Association which asked them to estimate how much time they spent on property management, including dealing with tenant queries, property maintenance requests, and general business administration.…

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New Figures Suggest Increase in Tenant Arrears among Rising Rents

The latest figures for April released by Your Move’s England and Wales rental tracker highlights an increasing number of tenants in arrears for the fourth consecutive month The agency figures found that 9.4% of all its tenancies were in arrears last month, up from 9.1% in March, 8.6% in February and 8.4% in January. While the average yield across England and Wales remained steady at 4.4% throughout April, the regional…

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Campaign for mandatory electrical testing of appliances in rental properties

An electrical testing equipment firm and an MP are setting up a national campaign to demand new laws on appliance testing in rental properties. The company, Seaward, and Labour MP Grahame Morris are making the move ahead of the first anniversary of the Grenfell Tower tragedy. Morris has sponsored a Parliamentary Early Day Motion and the firm is encouraging insurers to take portable appliance testing into account when evaluating tenanted…

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Right To Rent Policy Central Housing Group

Right to Rent: Home Office hands out over 400 fines since 2016

Figures from the Home Office show that as of the end of March, a total of 405 fines for non-compliance with the Right to Rent scheme have been issued. The total value of these fines is £265,000. The Right to Rent scheme was introduced in February 2016 and requires landlords or their letting agents to check the immigration status of prospective tenants to make sure they have the legal right…

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arrears or debt concept with stamp in office

Tenant arrears are creeping up again, latest data shows

Data from Your Move’s England and Wales Rental Tracker shows that the number of tenants in arrears increased for the fourth consecutive month in April. The agency found that 9.4% of all its tenancies were in arrears last month, up from 9.1% in March, 8.6% in February and 8.4% in January. It says, however, that the proportion of tenants behind on their rent remains well below the recent all-time highs…

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Spring property report:house prices drop in two out of three London boroughs in temporary market slowdown

House prices across London are now in widespread decline, with drops in two out of three boroughs over the last year, but experts agree the slowdown is temporary, with a recovery forecast for 2021. The past 12 months has been something of an annus odiosis(disagreeable year) for the capital’s property market according to the latest Rightmove research. Although prices continue to creep up across the rest of the UK, London experienced a fall of 0.2 per cent. Prices…

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Rogue Agent And Landlord Database Central Housing Group

Major milestone as all London boroughs sign up to ‘rogue database’

This week marks a major milestone in Mayor of London Sadiq Khan’s efforts to crack down on the capital’s rogue letting agents and landlords. City Hall has announced that all London boroughs have now signed up to the ‘Rogue Landlord and Agent Checker’ The online database – which is published on the City Hall website – has been operating since December but originally only had the support of 10 boroughs. Those boroughs…

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Right To Rent Initiative to be challenged in court this week

The controversial Right To Rent Initiative whereby agents and landlords are expected to check the immigration status of would-be tenants is to be challenged in court this week. A case brought by the Joint Council for the Welfare of Immigrants claims that the policy is incompatible with the European Convention on Human Rights and must be reviewed before it is rolled out any further. Back in February Letting Agent Today…

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London tenants prefer homeownership Central Housing Group

Landlords forgoing letting agent services to save money

An experienced agent claims that forgoing letting agent services to save money is a false economy for landlords. In a guest article for LAT’s sister website, Landlord Today, Jill Griffiths, director of residential lettings for Andrew Granger & Co, explains why letting agents remain a solid investment for landlords. She cites the raft of new rental sector regulations as a key reason for landlords to work with an agent. “With ever…

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Private Tenancies Central Housing Group

Government pledges to consult on longer private tenancies

The government has announced that it is to formally consult on proposals for longer private tenancies in the private rental sector. Although there has been much debate about the issue, with government and opposition politicians calling for longer tenancies – with industry bodies often in agreement – there has not until now been a formal position put forward by government. However, the Housing Secretary, James Brokenshire, has said in the…

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