LandlordZONE Update - Rents stable in England and Wales according to latest rental index

Property Master
 
 
 

Rents stable in England and Wales according to latest rental index

  Rents stable in England and Wales according to latest rental index

Rental Yields April:

According to the Your Move rental tracker, average rents in the private rented sector (PRS) across England and Wales remained steady in April, that’s compared with the previous month. They were 4.4% higher than a year ago at £861 per month.

Only the North East and Wales saw rents decline, but with…

Landlords need to plan for higher letting agents' fees

  Landlords need to plan for higher letting agents' fees

Letting Fees Ban:

Buy-to-let landlords who use letting agents and those others that charge their own fees need to think seriously about how they will deal with the inevitably higher letting fees, or lost income, when the tenant fees ban comes in, most likely next year.

The extra costs involved will put a strain on…

Citizens Advice wants to toughen-up fees ban Bill

  Citizens Advice wants to toughen-up fees ban Bill

Tenant Fees Ban:

The national charity Citizens Advice (CA) has warned that a loophole exists in the Tenant Fees Bill currently passing through Parliament which would allow landlords and agents to still charge tenants fees, for tenancy contract defaults.

Examples of defaults might be fees for such things as late rent payments, replacing keys and…

Foxtons fined £35,000 over one letting

  Foxtons fined £35,000 over one letting

Agent Fined:

Foxtons the iconic London agents has been fined £35,000 for safety issues involving a house it was letting. Foxtons had failed in its duty to prove to the local council information that the house it was letting was safe for the tenants in occupation.

Tower Hamlets Council, in east London, had asked Foxtons…

We can live with longer tenancies says Grainger

  We can live with longer tenancies says Grainger

Longer Tenancies:

Briton’s biggest private residential landlord and now Build-to-Rent provider Grainger PLC says it welcomes longer tenancies.

The company thinks there’s a growing need for longer term tenancies in the UK’s private rented sector and says "We can handle longer tenancies" and they are ready to respond to the challenge.

Grainger claims it already…

The Lords is examining the Creditworthiness Assessment Bill

  The Lords is examining the Creditworthiness Assessment Bill

Tenant Creditworthiness:

The Creditworthiness Assessment Bill, which is progressing through the House of Lords, and is looking increasingly like it will reach the statute book, has had its committee stage, a chance for the Lords to scrutinise it line by line, on Friday 11 May.

This is a private member's bill brought by Lord Bird,…

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