Right-to-Buy, the brainchild of 1980s Prime Minister Margaret Thatcher, could be considered the point from which the UK’s home-owning obsession became well-known. Right-to-Buy gave many people their first opportunity to buy a home of their own.
There are four main accommodation options for students. If you’re looking for more information on living at home, opting for university owned or private halls for first years, or want to know more about the private rental sector like one-bed flats, and shared houses then you’re in the right place. If you’re not sure where to start, take a look at our guide to your options. Click here and let us help you to make the right choice.
On March 11th, 2020, the new Chancellor, Rishi Sunak, will announce his first budget. While we won’t know exactly what will be announced until the date arrives, there are a few areas to look out for related to the property market that might affect landlords, homeowners and tenants.
As a landlord, it can be difficult to understand exactly what your tenants want from your property. While you may have a very clear idea of what a comfortable and secure home looks like, some elements of your view could differ quite widely from that of your tenants.
A new report from Shawbrook Bank has attempted to sum up the current state of the private rented sector and where it might be headed. The research involved detailed analysis of information from government departments and the Office for National Statistics (ONS), a survey of 1,000 private landlords and 1,000 tenants, and interviews with specialist property finance brokers.
Increasing numbers of local authorities are introducing landlord licensing schemes. There’s no doubt that the schemes are costing landlords a great deal of money, but what are the benefits? Are they a good thing for the industry as a whole, or is it just another money-making scheme to swell council coffers?
The UK’s housing crisis isn’t new, but some new figures show that there’s another reason why there aren’t enough homes in the UK for the people who need them – an increase in the number of long-term empty homes across England.
In the latest part of the Government’s wider plan to improve the UK’s private rented sector, it has been confirmed that five-year electrical safety checks will soon be required for all rented homes. House of Multiple Occupation (HMOs) are already subject to this rule. However, following a consultation and parliamentary debate, it has been agreed all rental homes will require official, electrical safety checks, also on a five-year basis.
At the moment, there are around 5 million households renting privately (not socially) in the UK. That number has doubled over the course of the last ten years, but is set for a dramatic spike. In fact, it is expected to increase to nearly 5.8 million in just the next few years.
With the recent Brexit vote, the subsequent Conservative reshuffle that included a change of Prime Minister and the current Labour leadership contest, it’s easy to forget that on the 7th May this year, we also had a new London Mayor, Labour’s Sadiq Khan.
The UK’s main professional and regulatory body for letting agents, ARLA Propertymark, has released a new report that investigates short-term lets and how they affect the private rented sector. The research has been conducted by an independent consultancy called Capital Economics, and while it’s important to remember that it was commissioned by an association of letting agents who will be broadly against short-term rentals, the report does contain a lot of fascinating analysis and exploration of industry trends.
The ‘generation rent’ mantle which is widely used to describe today’s young professionals is pretty apt according to the findings from the UK government’s annual English Housing Survey.
A new report has found that more tenants than ever are trying to rent property in the UK, but that the supply of properties is not keeping up with demand. Renters are finding it harder to secure a suitable property, and rents have been rising as landlords look to take advantage of the situation.
After sharing his view earlier this year that rent controls in London would help tenants in the Private Rental Sector (PRS), London Mayor Sadiq Khan is set to begin his plans to do just that. Reports suggest Khan plans to speak with the UK’s central Government and ask it to give him the power to introduce rent controls across London.
Rents have gone up all over Britain in the last 12 months to July, according to new research. So how much is the average rent now? Let’s take a look at the figures.
The UK’s housing tenure choice is increasingly moving towards a greater reliance on the private rental sector (PRS), despite changes to the tax rules which have seen fewer new BTL landlords enter the market and more existing ones sell some of their portfolio. And according to recent research from international property management firm Hampton International, there could be the need for some 6 million rental homes in the private sector, by 2025.
Over the last few years, Scotland has led the way in increasing legislation in favour of tenants in the Private Rented Sector (PRS). The latest move has been to launch their own tenant union!
Build to Rent is a government initiative designed to improve private sector renting by providing more straightforward, transparent, and longer-term rental agreements for tenants.
Having already been hailed by some as a solution to the housing crisis in the UK, several developments have been built in London, including Wembley Park, and East Village which has undergone conversion from the 2012 Olympic athletes’ accommodation.
The tenancy ends and the tenant vacates the property – but instead of taking everything with them, they leave some of their belongings behind.
In this situation, it may be tempting to assume that they have abandoned their possessions and that you can do what you want with them. But it’s more complex than that.