Englands Private Rented Sector Central Housing Group

NAO Probes Englands Private Rented Sector Regulation

The way Englands private rented sector is regulated and how well it protects tenants has been criticised by a new National Audit Office (NAO) report. It says Englands private rented sector regulation is not effective, that renting is not fair for many tenants and that too much PRS housing is not safe or secure. The NAO also highlights how a lack of joined-up thinking means a quarter of landlords are…

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Traditional Rental Market Central Housing Group

Traditional Rental Market Exodus To Airbnb Causing Perfect Storm

The flight of landlords from the traditional rental market to Airbnb is creating a growing housing crisis, councils have warned. A survey by the District Councils Network (DCN) has revealed that 76% of councils said a lack of spare capacity in the traditional rental market had caused a rise in housing waiting lists, while 48% said it was causing significant pressure on their housing services. Several trends are driving this…

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Ending The Eviction Ban Central Housing Group

Ending The Eviction Ban Added To Homelessness

Shelter claims ending the eviction ban has contributed to creating over 274,000 people who are homeless in England right now, including 126,000 children. Shelter’s interpretation of official rough-sleeping and temporary accommodation figures shows that one in every 206 people in England is currently without a home. Of these, 2,700 people are sleeping rough on any given night, nearly 15,000 single people in direct access hostels and nearly 250,000 people are living in temporary accommodation – most of whom are families.  The campaigning charity’s latest fund-raising statement says…

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Rental Investment Central Housing Group

Lloyds Surveys For Rental Investment

Lloyds Banking Group, which is known to have huge sums in rental investment in the UK private rental sector, has published the results of a survey which claims the public is largely unhappy about the housing market. The Lloyds survey claims 67 per cent of the public don’t believe the housing market is currently helping people access affordable and quality homes in their area, and 48 per cent say they…

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Private Renting Regulation Central Housing Group

Government Failing To Protect Private Renting Regulation

A report by the National Audit Office claims that the way private renting regulation makes the sector unfair to renters. It also criticises the Department for Levelling Up, Housing and Communities for failing to have a detailed plan to address the private renting regulation problems that renters face. The NAO report, out this morning, says privately rented properties are less likely to comply with safety requirements than other types of…

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Alarm Law Central Housing Group

Alarm Law Change Equality Measures

The UK Association of Letting Agents says it welcomes new alarm law change which put the social and private rental sectors on a par. UKALA has applauded the announcement last week by housing minister Eddie Hughes MP which brings social housing smoke alarm law up to those in the private sector; and that carbon monoxide alarms must be fitted in social and private rented properties with fixed appliances, such as…

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EPC Targets For Rental Sector Central Housing Group

High Cost EPC Targets For Rental Sector

ARLA Propertymark has fired a shot across the bows of the government as it aims to improve EPC targets for rental sector. New research from The Mortgage Works reveals that 52 per cent of landlords have thought about selling some or all their properties because they don’t think they’ll be able to either complete or finance work to reach the required EPC targets for rental sector. Current legislation in England and…

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Rental Accommodation Central Housing Group

High-Level Enquiry Into Exempt Rental Accommodation

A major Select Committee of MPs has launched an enquiry into so-called exempt rental accommodation – a niche sector that is exempt from many of the regulations surrounding the rest of the lettings industry.  The probe is by the Levelling Up, Housing and Communities Committee. Exempt rental accommodation is used to house a range of people with support needs, such as homeless people, those who have been at risk of…

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Covid Created Arrears Central Housing Group

Covid Created Arrears Still Rising

The National Residential Landlords Association says average covid created arrears by tenants as a direct result of the pandemic is still increasing. A survey of over 2,000 private renters in England and Wales by research consultancy Dynata for the NRLA found that average covid created arrears owed by affected tenants had increased to £1,270, up from £900 as recently as May. Whilst the proportion of tenants with arrears built up…

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Lloyds Bank Rental Plans Central Housing Group

Lloyds Bank Rental Plans To Quadruple

Lloyds Bank Rental Plans – which this year announced its intention to become a private landlord through the acquisition of new build apartments – is already talking about quadrupling its initial investment. In June the mainstream press revealed that under a plan called Project Regeneration the bank would buy and manage a range of new build and existing properties across the UK, through a purpose-created subsidiary called Citra Living. Lloyds…

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Final Eviction Ban Central Housing Group

Final Eviction Ban Causes Stark Rise In Homeless

A senior Labour politician in the capital claims that there’s been “a stark rise” in people losing their homes since the ending of the final eviction ban in June. Sam Moema, a member of the London Assembly and the senior housing spokesperson in the capital, says that from April to June 2021 there were 172 landlord repossessions per 100,000 households in London, which increased to 1,302 per 100,000 from July…

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Omicron Guidance Central Housing Group

Omicron Guidance For Private Rental Sector

Housing minister Chris Pincher has written an open letter to all landlords and agents in England, telling them how to enact the government’s Omicron Guidance Winter Plan to tackle rising cases of Covid-19. The emphasis is on agents and landlords making sure that all rental properties can be properly ventilated to minimise the spread of Covid-19 and particularly the new Omicron strain in enclosed spaces. There are five key Omicron…

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Rental Listings Central Housing Group

Airbnb Outnumber Rental Listings By 60 to 1

Shocking figures produced by a council in the south west show the vast number of short lets available – and by contrast the very few mainstream rental listings. Data for Devon County Council shows that as of late last week there were 253 listings for Airbnb in the seaside town of Exmouth in the south of the county – and there were just four residential rental listings available. And in…

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Green Upgrades Central Housing Group

Landlords Hit Hardest Under Green Upgrades

The Minister for Business, Energy and Corporate Responsibility has acknowledged that the financial burden of green upgrades for homes falls more heavily on landlords than homeowners. When quizzed during a Lords debate on raising standards in the sector, Lord Callahan admitted: “There are a number of financial packages private landlords letting to low-income tenants can take advantage of, but it’s true that there’s a dilemma in the PRS that the…

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CGT Bills Central Housing Group

Proposals To Hike CGT Bills Rejected

Landlords won’t face a hike in (Capital Gains Tax) CGT bills after the government decided to shelve plans to align it with Income Tax and cut the levy’s annual allowance. The Office of Tax Simplification (OTS) had suggested the changes, which were dismissed on the Treasury’s second tax and administration day when it set out details of proposed changes and consultations on the tax system. Lucy Frazer MP (pictured), financial…

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Private Apartments Central Housing Group

Do Short Lets Invalidate Insurance Of Blocks Of Private Apartments?

A politician is raising the possibility that people who live in private apartments and let them out via Airbnb or other short let platforms may be invalidating the insurance for the entire block. Swansea councillor Lynda James claims short lets invalidate private apartments owners’ leases at a block she knew about and were not permitted under the terms of its insurance policy. She has told a meeting in the city…

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Eviction Ban Central Housing Group

Shelter Blames Eviction Ban For Help Pleas

Shelter claims its helpline has received 1,000 callers a day since the eviction ban began easing at the start of summer. It says the eviction ban helpline – free to use and part-funded by M&S Food – has been “inundated” with over 60,000 people ringing between June and October. Of those calling 70 per cent were already homeless or at risk of homelessness. A new statement from the charity claims…

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Existing Tenants Central Housing Group

Rent Controls May Help Existing Tenants But Will Punish Future Renters

A blog from a right wing think tank states that although rent controls if introduced will considerably help existing tenants but warns that not only would it badly impact landlords, it will cause significant problems for future tenants as rental housing stock levels will decrease significantly and the quality of properties will also fall drastically. The blog by Gary M Galles states that the rent controls’ debate only considers how…

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PRS Central Housing Group

Continual Campaign Against The PRS

According to an industry body the government must put its brakes on its continual campaign against the PRS, with its ever increasing legislation, to help persuade existing landlords to stay within the sector as well as encouraging new investors into the PRS. The industry body states there is more than 170 regulations which must be strictly adhered to which ‘shackled’ with the serious financial pressures that landlords are facing, who…

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EPC Ratings System Central Housing Group

EPC Ratings System Is Not Fit For Purpose

Property owners are finding that some energy efficiency improvements actually reduce rather than enhance the EPC ratings system. Ever since I started to market one of my commercial buildings around 10 years ago now, I began to doubt the efficacy of the EPC ratings system. The guy that came along to do the inspection told me himself he had just completed a 6 week course, or whatever it was, to…

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