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Monthly Archives: September 2013

Mark Prisk predicts industry transformation

The Conservative Housing Minister, Mark Prisk, has made some bold claims about the immediate future of the lettings industry. Speaking at the Law Society in London, he outlined his predictions. He foresees enormous growth

Half of UK Landlords do not hire an Agent

  New figures suggest that half of the landlords in the country are not using a letting agent - suggesting that there are considerable growth opportunities out there for agents who are prepared to

Government hint at U-turn on letting industry control

  The biggest debate in the lettings industry over the last year has been the ongoing saga of regulation. Should letting agents be treated as estate agents? Or would a raft of new

UKALA and ARLA disagree on role of central regulation

Caroline Kenny, the outspoken chair of the UK Association of Letting Agents, has stated that she does not believe that a central regulator would be beneficial for the rental sector. She instead favours

How will the 2013 Budget affect the private rental sector?

One of the headline announcements of George Osborne's 2013 budget was a stimulus for house building. Taxpayer-underwritten mortgages will finance new building developments to the tune of £15.5 billion. But what effect will this

Universal Credit causes huge increase in arrears

Rent arrears have risen by up to sevenfold in the wake of the decision to pay social housing tenants' benefits to them, rather than directly to their landlords. The scheme, known as Universal

Advertising Standards Authority rules that fees must be advertised on properties for let

Advertising Standards Authority rules that fees must be advertised The advertising watchdog, the Advertising Standards Authority, has disappointed many in the lettings industry with a shock ruling: all letting agents must henceforth clearly advertise their

UK Tenants Struggling with Rental Payments

Recent research has found that the UK letting market is feeling the negative affects of the credit crunch with many letting agents in the UK reporting that tenants are struggling to keep their

Buy to let Investment opportunities for UK landlords

It has been widely reported that the North of England presents the best opportunity for buy-to-let investors to gain the best rental returns. Like it or not, landlords have a decision to make;

Are we becoming a nation of renters?

Rental properties in the UK are on the increase proving that Britain is seeing the value of renting versus buying. Last year saw figures of 692,766 (9.14% up on previous year) rental properties