Rental Fraud Scam

Prospective tenants lose millions through rental scams

Consumer organisation Which? claims there are some 1,000 reports of rental fraud scams a month at this time of year. It says the start of the academic year sees a scramble to secure accommodation from students making last-minute choices on iniversities and colleges.  Which? calculates that this leads to £2.7m lost as prospective tenants pay deposits or so-called viewing fees to fake landlords, often advertising on social media and then… Continue Reading Prospective tenants lose millions through rental scams

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Covid Rent Arrears Central Housing Group

Deposits firm reveals shock 44% jump in rent arrears

Average arrears rose from £1,802 to £2,597 last year which is a rise of 44% says deposit alternative firm Reposit. Rent arrears have increased significantly recently by 44% as tenants struggle for a variety of reasons to pay their rent, new data shows. Reposit has found that the average cash deposit during the last three months of last year was £1,228 and with those tenants in arrears typically owing £2,597,… Continue Reading Deposits firm reveals shock 44% jump in rent arrears

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Shared Owners

Right To Buy removes thousands of homes from housing stock

New government figures have revealed a net loss of 7,723 social homes in England last year, as Right To Buy sales and demolitions continue to surpass the number of homes built.  The figures show that 17,589 social homes were either sold or demolished last year in England, yet just 9,866 social homes were built – a net loss of 7,723 homes.  In the past ten years, there has been a… Continue Reading Right To Buy removes thousands of homes from housing stock

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Energy Efficiency Standards

Concerns grow about Labour’s EPC private rental clampdown

Concern is growing over the one-size-fits-all  government demand for energy efficiency improvements in the private rental sector.  Last week the government confirmed that all private rental properties must be EPC rates C or higher by 2030 with a cost cap of £15,000 for landlord spending on each property.  Now The Property Institute says the initiative does not address the issue of tall blocks of leasehold flats. Jaclyn Mangaroo of TPI… Continue Reading Concerns grow about Labour’s EPC private rental clampdown

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Fire risks in white goods in lettings properties – agents back awareness campaign

As part of Electrical Safety Week this week, Propertymark is supporting this year’s campaign to raise awareness about the fire risks associated with white goods. Last year 1,140 accidental electrical fires involving common household white goods, such as tumble dryers and washing machines, occurred in areas across England – the equivalent of three fires per day. Propertymark stresses the important role that letting agents play in ensuring private rented homes… Continue Reading Fire risks in white goods in lettings properties – agents back awareness campaign

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AntiSocial Behaviour

Call to reform 60-year-old law surrounding commercial property

Propertymark says the Landlord and Tenant Act 1954 needs to be reframed to reflect current challenges like Minimum Energy Efficiency Standards for non-domestic property, It also needs to be updated to consider greater protections for tenants against unfair claims of upkeep in England and Wales.   When it was implemented, the 1954 Act aimed to provide security of tenure for tenants while addressing the right of landlords to manage their… Continue Reading Call to reform 60-year-old law surrounding commercial property

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Council warns social tenants not to use lawyers to chase repairs

A Labour council is contacting its social housing tenants to report their repair problems to their landlord and not through lawyers. York council says the plea is being made because legal firms are allegedly targeting social housing tenants in the city – with one example leaving the renter almost £8,000 out of pocket. ‘No win, no fee’ legal firms press tenants to make claims against the council for failing to… Continue Reading Council warns social tenants not to use lawyers to chase repairs

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Mould and damp a growing problem in private rental sector – figures

The government’s latest English Housing Survey, giving a snapshot of the private rental sector in 2023, says the problem of mould and damp is growing. In 2023 some 5% of homes in England had a problem with damp, higher than in any of the last five years and this was more prevalent in the private rented sector (9%) compared to the social rented sector (7%) and owner-occupied sector (4%). The… Continue Reading Mould and damp a growing problem in private rental sector – figures

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Challenge Unfair Rent

Section 21: Only small proportion of renters evicted, official data shows

The latest edition of the English Housing Survey reveals precisely how relatively rarely Section 21 is used. Data from the survey analysed by Propertymark shows that in 2022-23, some 63% of private renters who had moved in the previous 12 months stated they ended their tenancy by choice. Job-related reasons were the most common driver, followed by wanting a larger property or to live in a better area. Only 9%… Continue Reading Section 21: Only small proportion of renters evicted, official data shows

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Renters’ Rights Bill

200 letters sent to Lords explaining Renters Rights Bill dangers

Propertymark hopes the House of Lords can provide a last-minute reality check on the government’s flawed Renters Rights Bill. Second Reading of the Bill takes place in the Lords tomorrow – and if it’s not changed it will drive up rents insists Propertymark. In the House of Commons last month, amendments were tabled by the government including a limit on how much rent a landlord can request in advance with… Continue Reading 200 letters sent to Lords explaining Renters Rights Bill dangers

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Small Landlords

Half of agents worried about Renters Rights Bill – Propertymark

Data gathered by Propertymark suggests that 50% of surveyed property agents are specifically concerned about the Renters’ Rights Bill.  Overall, Propertymark believes change is needed in the sector and supports many of the greater protections that the Renters’ Rights Bill will provide renters with. However, there are specific areas of the proposed legislation that the industry body believes will have wider implications across the sector.   The professional body believes that… Continue Reading Half of agents worried about Renters Rights Bill – Propertymark

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Struggling Tenants

Agents To Help Struggling Tenants On Benefit Changes

Propertymark is advising agents to prepare for potential changes in rent collection processes and consider implementing “supportive measures” to assist struggling tenants facing financial difficulties. This is as a result of a shake up in benefits next month. From April the Universal Credit Fair Repayment Rate will drop from 25% to 15% next month, reducing the amount available to service an individual’s monthly debts, including housing payments. Furthermore, the Department… Continue Reading Agents To Help Struggling Tenants On Benefit Changes

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New Tenancies

Number Of New Tenancies Agreed Increases

The average number of new tenancies agreed per lettings agent branch climbed to around eight in the first month of this year, a new report has revealed. The research by industry body Propertymark highlighted the increase from seven during the previous month, in December 2024. It also found that demand continues to outstrip supply, with the average number of applicants per member branch reaching around nine people for each available… Continue Reading Number Of New Tenancies Agreed Increases

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The Housing Market

The Housing Market Losing Momentum As Stamp Duty Deadline Looms

New buyer enquiries and agreed sales in the housing market are dipping into negative territory according to RICS’ latest report. Changes in Stamp Duty and geopolitical and international economic uncertainty are creating a ‘less favourable climate for the housing market,’ says RICS Chief Economist Simon Rubinsohn. His comment are within the latest RICS Residential Property Survey which has revealed that buyer demand has weakened, with a net balance of -14%… Continue Reading The Housing Market Losing Momentum As Stamp Duty Deadline Looms

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RICS Market

RICS Market Update – Rents Will Rise Sales Losing Momentum

The RICS market latest snapshot points to rising rents, despite little movement in the lettings sector. The monthly RICS market study is a sentiment survey, rather than dealing in hard data, but surveyor respondents suggest that tenant demand recorded a figure slightly below zero for a fourth month in a row,. Consequently, this is longest stretch without a positive reading for this indicator since RICS began this measure in 2012.… Continue Reading RICS Market Update – Rents Will Rise Sales Losing Momentum

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Digital eVisas Right To Rent

Agents bombard politicians demanding changes to Renters Rights Bill

Over 250 letters and emails have been sent to Peers from Propertymark members with a series of so-called ‘sensible amendments’ to the Renters Rights Bill. This is ahead of the Bill going into the Lords’ Committee Stage in the coming week. Propertymark has been lobbying throughout the passage of the Bill as well as meeting ministers, MPs, UK government officials and more recently briefing members of the House of Lords.… Continue Reading Agents bombard politicians demanding changes to Renters Rights Bill

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Energy Efficiency Target

Miliband And Rayner Start Energy Efficiency Target Clampdown

The government has confirmed that it wants a tough new energy efficiency target for the private rental sector. It says that up to 500,000 private rental households will be “lifted out of poverty” by 2030, with tenants “£240 better off per year.” Ed Miliband’s Department of Energy Security and Net Zero has this morning launched an official consultation on proposals to mandate all private landlords in England and Wales to… Continue Reading Miliband And Rayner Start Energy Efficiency Target Clampdown

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Property Auction House

Property Auction House Boosts Board

Online property auction house, Bamboo Auctions, has appointed former Reapit CEO, Gary Barker, and experienced fintech specialist, Rob Barnett to its board. Together with CEO, Robin Rathore, and Chairman, Nicholas Leeming, the pair will help advise and guide property auction house Bamboo Auctions’ strategic direction as it continues to increase its market share of the online auction sector as well as expanding its product offering into the wider property market.… Continue Reading Property Auction House Boosts Board

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Small Landlords

Small Landlords Could Soon Be Replaced

Small landlords with one or two properties could end up being replaced by larger portfolio or corporate landlords as part of the Government’s push to improve standards, according to a top property lawyer. Justin Bates, barrister at Landmark Chambers, believes the Government is worried about the “amateur” PRS, as it thinks it makes it harder to drive up standards. However, he said the Government isn’t inherently anti-landlord. “This is a… Continue Reading Small Landlords Could Soon Be Replaced

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Holiday Lets Sector

Tax Worries Hit Holiday Lets Sector

Many holiday lets sector owners are concerned about the impact recent and upcoming regulatory and tax changes will have on their businesses – especially in the context of other rising running costs. Sykes Holiday Cottages conducted a survey of 500 holiday lets sector owners to understand their attitudes to the industry and views on recent changes. Almost half (45%) of UK owners say they’ve already been affected by regulation changes,… Continue Reading Tax Worries Hit Holiday Lets Sector

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