Rent Cap Central Housing Group

Not all landlords are wealthy! Message to politicians and officials

Propertymark’s head of policy and campaigns, Timothy Douglas, will explain how investment in the private rented sector can be better incentivised when he speaks at the Westminster Social Policy Forum next week. The forum will bring together MPs and senior government officials with property sector stakeholders to discuss the way forward following the publication of the government’s ‘A Fairer Private Rented Sector’ White Paper at the start of the summer. “Private landlords…

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EPC Upgrades Central Housing Group

Pass-through regulations published on energy bill support – Originally Posted by NRLA

The Government has introduced legislation that requires landlords to pass-on the benefits of measures brought in to help with energy costs to tenants, in response to rising prices. Landlords who do receive the benefit of energy support schemes must contact their tenants by November 30, or within 30 days of receiving the benefit and inform them about the requirements, the amount to be passed on and other key information. Background…

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Energy Efficient Homes Central Housing Group

Spread of Green Mortgages key to improving rental sector EPCs

Green mortgage discounts could be a key tool in helping landlords make the energy efficiency upgrades necessary to achieve an EPC rating of C or above, according to new research from Shawbrook. Four in 10 landlords would like to see the lending industry introduce mortgage discounts for properties with better EPC ratings.  Under current government proposals, buy to let properties will need to have an EPC rating of C or…

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Average London House Price Central Housing Group

Covid reversal as search for city living drives capital appreciation

Increasing demand for homes in cities was the driving force behind the rapid house price inflation witnessed earlier this year, with property prices in urban centres growing at a faster rate than their surrounding areas, according to new analysis from Halifax.  The impact of the pandemic on people’s lifestyles had driven much stronger house price growth in suburban and rural areas over the previous couple of years, as buyers sought…

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Airbnb Holiday Lets Central Housing Group

Does Airbnb threaten the private rental sector? Agents want to know

Governments across the UK must do more to understand the scale of short lets and the threat they may pose to housing markets. That’s the view of letting agents’ trade body Propertymark, which has conducted a survey of members to assess the problem. The rise in short term lets impacts both the sales and lettings market in different ways but lettings agents overwhelmingly agree that in the long run it…

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Private Tenant Right To Buy CHG

Labour pledge to go further than government on rental reform

Labour’s new housing spokesperson, Matthew Pennycook, says his party would go further than the government on the subject of private rental sector reform.  Speaking in a Commons debate at the end of last week Pennycook urged the government to implement all 12 reforms set out in its recent Fairer Private rented Sector White Paper – all of which Labour backed – but he added: “Labour would go further in several…

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Housing minister shares NRLA calls in Commons rental reform debate – Blog Post Originally from NRLA

Newly appointed housing minister Felicity Buchan MP shared NRLA calls on rental reform in a parliamentary debate in the House of Commons yesterday. The minister said she shared the NRLA’s view that landlords’ right to repossess must be protected – and pledged that any ‘unnecessary restrictions’ on this would be removed. The Minister, who will be addressing  the NRLA’s inaugural conference in Coventry this month, said: “It is only right that…

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Lettings bosses reveal climate change risks to industry

The Lettings Industry Council, a group of rental industry chiefs, has joined with other property professionals to reveal what they see as the risks presented to the industry by climate change. A report coordinated by the Landmark Information Group and including Birmingham Law School, The Lettings Industry Council and JBA Risk Management, highlights the challenges professionals are facing in meeting energy efficiency requirements for homes, as well as environmental damage…

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Soaring mortgage costs make it almost as dear to buy as to rent

New research shows that there’s little to choose between the costs of renting and owning – a change from previous research which showed renting as more expensive. Revolution Brokers looked at the current cost of buying on a repayment mortgage repayment and an interest-only alternative, and how these compare with rents.   The research shows that the average tenant across the UK is currently paying £1,143 per month to rent…

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Agents tell Truss & Co – “get realistic” over EPC rental targets

The agents’ trade body Propertymark says the government must “get realistic” over the difficulties involved in reaching Net Zero targets when dealing with older properties in the private rental sector. The trade body says it’s supportive of the government’s Net zero aim, but in evidence given to a formal consultation progress is says there will be huge impacts on landlords and the sales and lettings sectors, especially given the short…

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Rent Control Momentum Central Housing Group

Plaid Cymru call for rent freeze voted down by Senedd – Originally Published by NRLA

Proposals to freeze rents in Wales have been voted down by members of the Senedd, after the NRLA warned the move could backfire, forcing landlords to sell up.  The vote followed an emergency debate tabled by Plaid Cymru on the question of whether Wales should put a rent freeze into effect in the Welsh private rented sector, in light of the Scottish Government’s move to freeze most rents until March…

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Covid Rent Arrears Central Housing Group

Arrears likely to rise as debt intensifies – Bank of England

The Bank of England is warning that many households will struggle to meet their rent or mortgage commitments if interest rates rise as much as expected. It says that currently around 1.7 per cent of households – or 475,000 – are likely to experience repayment difficulties.  It defines that as spending over 70 per cent of take-home pay on rent or a mortgage and essentials. And it warns that number…

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Pet Damage Central Housing Group

Tenants with Pets – protection for landlords key to progress

A group wanting pets to be allowed in private rental properties says its research shows the issue is not opposition from landlords, but an absence of protection. The National Office of Animal Health says it has conducted three-month surveys with landlords and tenants. In both cases it asked a range of questions to understand how pet ownership in rentals could be achieved, and to learn of previous experiences from both…

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Rejected! More tenancy applications turned down by agents

A growing number of rental applications are being rejected by agents, it’s been claimed. PropTech firm Vouch says that between January and April of this year, there were an average of 509 tenancies being cancelled by agents each month.  Vouch says as many as 19 per cent of all tenancy applications across England were cancelled during August, compared to just four per cent during January.  Tenancies can be cancelled for…

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Cladding Support Central Housing Group

Government takes first legal action on cladding – “Enough is enough!

Simon Clarke at DLUHC has taken the first step in legal action against Grey GR, as the cladding scandal continues. The Department for Levelling Up, Housing and Communities (DLUHC) has taken the first step in legal action against Grey GR, an organisation ultimately owned by RailPen, as the cladding scandal continues. Grey GR Limited Partnership, the freeholder of Vista Tower, a 15-storey tower block in Stevenage, has been given 21 days to commit to remediating…

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Gas Safety Central Housing Group

Half Of Landlords Stopped From Carrying Out Gas Checks

A trade company is reminding landlords of how important it is to carry out gas safety check and to make sure their tenants agree to allow them access to carry out the necessary checks. However a recent poll discovered that just under a half of landlords have not been allowed access to their properties for a mandatory annual gas safety check, and providing tenants with a copy of the certificate. But the trade company’s…

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BTL Landlord Policies Central Housing Group

Sector Calls For U-Turn On BTL Landlord Policies

An industry body formally congratulated the new Housing Secretary Simon Clarke but at the same time warned him about his party’s BTL landlord policies. The chief executive says; “The new minister will need urgently to address the rental housing supply crisis. Damaging tax hikes and uncertainty over reforms to the private rented sector are leading many landlords to leave the market when demand for rented homes remains high. All this…

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Reformed Rogue Landlord Database Central Housing Group

Government Unleashes Reformed Rogue Landlord Database

At long last the government has responded to its consultation on the reformed Rogue Landlord Database and now states that its property portal will be made available to all tenants, landlords and local councils to access any of its information. The reformed Rogue Landlord Database and letting agents was originally launched in 2018 but has pathetically low numbers of ‘criminals’ listed in spite of the considerable fanfare it received upon…

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Reduced Rent Central Housing Group

One In Twelve Tenants Paying Reduced Rent

A recent story in The Telegraph claims that one in twelve tenants are being allowed by the landlords to pay a reduced rent to help them cope with the cost of living crisis. Buy-to-let investors are ‘bleeding’ rental income losses as the onset of spiralling inflation and seismic energy bills increases causing insurmountable problems for tenants’ finances.   According to a retail and commercial bank’s research conducted with a 1,000 tenants…

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Rents Freeze Central Housing Group

Call For Rents Freeze Challenged By Landlords

A leading industry trade body has issued a direct challenge to the Tory MP who has demanding a rents freeze. The MP in question a certain Natalie Elphicke has wrote an article on the Conservative Home website where she calls for a “a newly shaped Department for Housing and Households” which would “robustly challenge the total costs of household bills.” Elphicke wants the “rents freeze at their current rates for…

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