Private Rental Sector Reform Central Housing Group

MPs say holiday homes to let are risk to stable communities

Cornish MPs have spoken up in the House of Commons to highlight what they claim is the danger of having too many holiday homes to let. St Ives Tory MP Derek Thomas told the Commons this week: “We need the planning White Paper to deliver the right housing in the right places for the right people, and we cannot get close to delivering on the government’s levelling-up agenda unless we…

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Short Let Sites Central Housing Group

Shift from long term lets to Airbnb ‘contribute to housing emergency’

A politician in one of the poorest parts of the UK wants his local authority to declare a ‘housing emergency’. Cornish councillor Tim Dwelly says the number of homes available to rent in the county has fallen because landlords have switched from long to short term lets, and in some cases have sold up to second home buyers. He also wants a landlord registration system and other regulations on the…

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Agents tell politicians to better understand cost of pets in lets

Propertymark has waded into the controversy over whether private rental tenants should be allowed to keep pets in their properties. As reported yesterday on our sister publication Landlord Today, various Conservative and some Labour and cross-bench peers spoke in a House of Lords debate earlier this week, mostly in favour of allowing pets to be kept by private tenants. Although the government spokesman in the Upper House – Lord Greenhalgh…

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House Price Forecasts Central Housing Group

London house prices suffer biggest monthly fall in a decade as pandemic mini-boom judders to halt

The Londonproperty market suffered its biggest monthly fall in a decade in April as the mini-boom that followed the end of the first pandemic lockdown juddered to a halt. The average price of a London home dropped 2.01 per cent to £491,687 over the month, wiping around £10,000 of its value. The annual rate of increase is now just 3.3 per cent – the lowest of any region in the country – having fallen from 5.7…

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Majority Of Tenants Central Housing Group

Renting in London now cheaper than monthly payments for a 90 per cent mortgage for first time in four years

The monthly cost of owning a home, if you’ve bought using a 10 per cent deposit, currently exceeds the cost of renting a comparable property in the capital for the first time since June 2017. It is cheaper to rent in London than own a home for the first time in four years after tenants fled the capital at the height of the global pandemic. Londoners in rental accommodation are £251 better…

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Private House Renters Central Housing Group

Renting now cheaper than buying, new research shows

It is now cheaper to rent a home than buy one – the first time this has been the case since late 2014. An analysis by the Connells-owned Hamptons agency says that in May the average tenant in Britain spent £71 per month less in rent than if they were servicing the repayments on a 90 per cent loan-to-value mortgage on the same home. This means they would have spent…

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Right To Rent Regulations Central Housing Group

What you need to know: Right to Rent for EU nationals after 30 June 2021

Eighteen months after leaving the European Union (EU), the Government has now published legislation covering how to check the right to rent status of people coming from the EU. Senior policy officer James Wood explains what landlords need to know about carrying out Right to Rent checks for EU nationals after 30 June 2021. The Government has now published legislation covering how to check the right to rent status of people coming…

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Private Home Renters Central Housing Group

Beware of property and other investment scams – warning

The Citizens Advice consumer charity is warning that fake investment scams are amongst the fraudulent activity that’s on the rise across Britain. It claims that an extraordinary 36m people – that’s more than two thirds of all adults – have been targeted by a scammer so far in 2021 alone. While over 55s are most likely to be targeted, those 34 and under are almost five times more likely to…

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Housing Payments Central Housing Group

Housing Payments Not Fit For Purpose

NRLA Chief Executive Ben Beadle has called for an overhaul of local housing payments in the PRS while giving evidence to the Work and Pensions Select Committee. Ben told the committee the Discretionary Housing Payment is not fit for purpose and said changes are needed to ensure Universal Credit works as intended. He said payments must cover claimants’ rents and said that direct payments to landlords should be by default,…

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London Homes Central Housing Group

London Rents Plummet As Other Areas Soar

A tenant insurance provider has just released its latest report showing that areas’ rents outside of the capital are flying high whereas London’s are falling. The UK average rent now stands at £997, a 0.4 per cent increase in the corresponding period last year which is another trail blazing high. Every region except London experienced an increase in monthly rent year in year and if the capital is taken out…

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Rental Shortage Hitting The Country Central Housing Group

Rental Shortage Hitting Every Part Of The Country

Areas of the country which appear to have had a surplus of rental stock in the past is now reporting a rental shortage – with rents rising as a result. Even on the Channel Island of Guernsey there appears to be an unprecedented shortage. The local Bailiwick Express newspaper and website reports that only three local market rental properties are available to let, starting at £1,400 per month; this is…

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Letting fees ban Central Housing Group

Landlords At Government Top Table Talks On Rental Reforms

An industry body has been invited by the government to take part in “high-level”  talks as part of the consultation process over the rental reforms in the private rented sectorPrivate Rented Sector (prs) is housing that is privately owned and is let tenants. The body has issued a statement stating that it will take part in the discussions brought about by the government’s promise of a White Paper which will be available…

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Right to Buy Central Housing Group

New Funding Aims to Create 17,000 Homes

Funding has been awarded for over 160 projects across England, which will aim to deliver over 17,000 new homes, 19,000 new jobs and save taxpayers £34 million as the UK government continues on its mission to build back better and level up across the country. £30 million of investment will see 160 projects supported across England. Plans for better use of public sector land will aim to unlock 17,000 new…

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Private Rental Landlords Central Housing Group

Chancellor Scapegoating PRS Landlords With Covid Debt Problems

An industry body has just published a report stating that the Chancellor has not supported landlords in their greatest hour of need caused by the pandemic. The report says that by not offering any forthcoming financial aid to landlords suffering from Covid related rental arrears, the Chancellor is forcing them into having to make a ‘Hobson’s Choice’ ….either way they will lose out. They will either have to continue to ‘ride…

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26 Towns to Share Over £600 Million to Help Breathe New Life into Unused Buildings

Twenty-six towns in England will share over £610 million to boost their local economies, create jobs and help them build back better from the pandemic. These new Towns Deals range from seaside towns like Hastings and Hartlepool to the historic market towns of Bedford and Bishop Auckland. The money will help them to grow their local economies, while also carving out new opportunities to reshape the look and feel of…

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Breathing Space Initiative Central Housing Group

Landlords Breathe A Sigh Of Relief As Government Announces No Compulsory Mediation For PRS

The government’s announcement that although there will be a mandatory mediation process for businesses and commercial landlords because of pandemic debts, this will not be so for private rented sector. There has been major mainstream media supposition that the government will be introducing measures to make it compulsory to undertake mediation processes for both commercial and residential landlords. But this conjecture was finally put to rest for the PRS when Steve Buckley, the Chief Secretary to the…

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Demand For Lettings Properties Central Housing Group

Renters deterred from moving because of Covid safety worries

A poll of over 1,300 renters by a flat share platform suggests that over half have been deterred from moving in recent times because of Covid safety worries. Spareroom contacted 1,000 tenants and found that 53 per cent were put off moving due to the pandemic; the main reason for this was down to it not feeling safe to do so. Other deterrents to moving were uncertainty about future plans,…

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Green Improvements Central Housing Group

‘Greenest areas to rent’ identified in latest survey

If agents want to emphasise the green credentials of their local area, then a new league table may be of help. An index drawn up by The Body Shop uses five key factors – the amount of urban green space per person, air quality, noise pollution, trees and walking trails. Combining all five, the top 10 cities are Plymouth, Torbay, Exeter, Bournemouth, York, Thanet, Medway, Swansea, Aberdeen and Lincoln. According…

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Agents beware – major change to lighting begins this autumn

Agents managing properties with halogen or high-energy fluorescent lights will have to switch in the near future. The government is to ban the sale of halogen light bulbs from this September, to tackle climate change. Legislation being brought forward this month will also include the removal of fluorescent lights from shelves from September 2023. The plans also include a ban from September on the sale of lighting fixtures with fixed…

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Rent Evictions And Maintenance Central Housing Group

Stop Rent Rises and Tax Second Homes – petition wins huge support

Almost 40,000 people have signed a petition urging rent caps for private tenants and hefty tax rises for second home owners. The online petition on the site says Cornwall is on the verge of a homelessness crisis, worsened by what it calls the current “second homes property frenzy.” The county has been at the heart of the so-called ‘race for space’ as buyers from the south east and other…

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