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Eviction court delays to rise as spending cuts bite - Law Society warning

Agents and landlords are to face even longer waits for eviction court cases following the spending cuts announced in the Autumn...

22 November 2022

From: Breaking News

‘Ethical’ lettings agency to close after 10 years

A lettings agency in the Brighton area which describes itself as “ethical” is closing down due to staffing issues and the...

21 November 2022

From: Breaking News

Tax Grabs - might Tories lose support because of CGT penalties?

A second agency chief has warned the Conservatives of the possible electoral consequences of higher taxes aimed at the private rental...

21 November 2022

From: Breaking News

We want higher council tax for second homes, says lettings agency

A holiday lettings agency has taken the unusual step of speaking out in favour of higher council tax for second home...

21 November 2022

From: Breaking News

Agencies with banking disputes have three months to act

Small and medium sized lettings agencies which have had running disputes with banks are being offered a lifeline - but must...

21 November 2022

From: Breaking News

One in 20 properties may be let to criminals - warning to agents

A lettings platform claims that as many as one in 20 rental properties may be let to criminals - that’s some...

21 November 2022

From: Breaking News

Brace! Brace! Rent bombshell in New Year warns property chief

Tenants should brace themselves for soaring rents in the New Year, a property expert warns.  The National Association of Property Buyers predicts...

18 November 2022

From: Breaking News

Tenants at each others’ throats because of costs - warning

The overwhelming majority of people who live in shared rented properties say that the rising cost of household bills is likely...

18 November 2022

From: Breaking News

CGT tax change - It could have been worse, say agents

Just about every agency that has commented on yesterday’s Autumn Statement are in agreement - changes to Capital Gains Tax, Inheritance...

18 November 2022

From: Breaking News

Agents targeting growth in 2023 invited to franchise exhibition

Hybrid franchise operator The Agency UK is to host its first industry exhibition in two weeks’ time. Entitled ‘Grow your Agency in...

18 November 2022

From: Breaking News

Rental market cooling according to new Propertymark figures

An average of 85 new applicants were registered per Propertymark member branch in October according to the trade body’s latest lettings...

18 November 2022

From: Breaking News

Rental Sector hit by surprise Capital Gains and Stamp Duty tax changes

Chancellor Jeremy Hunt has delivered his long-awaited Autumn Statement - the fiscal event which he says will lead to “all of...

17 November 2022

From: Breaking News

Compliance chief tells off the agency industry

Property professionals need to be more vigilant when it comes to their anti-money laundering processes. That’s the view of the manager of an...

17 November 2022

From: Breaking News

Buy To Let may be a busted flush, warns investment guru

A prominent figure in property investment is warning that buy to let is the sector facing the biggest challenges in the...

17 November 2022

From: Breaking News

Solar panel installations boom in push for improved EPCs

As energy prices have increased 70 per cent in the UK this year, so more homeowners have fitted small-scale solar panel...

17 November 2022

From: Breaking News

First Time Buyers cut back in struggle to escape renting

A new study from Rightmove reveals what aspiring first-time buyers are most likely to cut back on in a bid to...

17 November 2022

From: Breaking News

Help Us! Government team seeks rent data from agents and landlords

The Valuation Office Agency, which compiles information on rents as part of its lettings market overview, is asking for help from...

17 November 2022

From: Breaking News

People ignorant of EPC ratings despite new rental regulations

With EPC ratings now a prominent part of letting a property, with stricter government regulations likely, new research suggests substantial numbers...

16 November 2022

From: Breaking News

Agency group links with buy to let company investment service

Leaders Romans Group is offering its landlord clients a new investment service. ‘Smart Investment’, powered by GetGround, is described as a fully...

16 November 2022

From: Breaking News

Revolutionary PropTech launch - supplier claims “phenomenal” feedback

A PropTech supplier claims to be shaking up the lettings market with the launch of its revolutionary Property Management software this...

16 November 2022

From: Breaking News

Today! Key webinar on Making Tax Digital

The vexed subject of letting agents and landlords preparing for the Making Tax Digital regime is to be examined in a...

16 November 2022

From: Breaking News

Landlords can now lease property through a local council

A new scheme offering landlords the opportunity to lease property through a local authority has been launched.   Leasing Scheme Wales: Gwynedd gives...

16 November 2022

From: Breaking News

Cut taxes and make them simpler! Agents’ plea to government

With only 48 hours to go before the Autumn Statement confirms stealth tax rises and massive public spending cuts, Propertymark has...

15 November 2022

From: Breaking News

Tax turmoil to dominate Autumn Statement warns leading agency

One of the country’s most respected lettings agencies says tax is dominating the agenda ahead of Thursday’s Autumn Statement from Chancellor...

15 November 2022

From: Breaking News

Sadiq Khan’s ‘rental summit’ excludes agents and landlords

Labour’s Mayor of London, Sadiq Khan, held a summit yesterday about the capital’s private rental sector - but he did not...

15 November 2022

From: Breaking News

Drought over? Stock levels now better than this time last year

Stock levels crept up for a second consecutive month, according to lettings agency Hamptons, meaning there were 15 per cent more...

15 November 2022

From: Breaking News

Rents to outpace house prices for years to come - agent

Rent rises are predicted to outpace house price growth over the next five years.  This is according to Nicky Stevenson, managing director...

15 November 2022

From: Breaking News

Letting agents accused of pushing landlords into raising rents

A so-called Renters Union is organising a day of action after claiming letting agents are behind recent rent rises. London Renters Union...

14 November 2022

From: Breaking News

HMRC’s Tax Threat to rentals slammed by agency chief

A holiday lettings agency has criticised the proposed rise in capital gains tax which may be introduced this week in the...

14 November 2022

From: Breaking News

Rents pass new milestone as market remains red hot

The average rent on a newly let home in Britain rose has hit £1,204 pcm - passing the £1,200 mark for...

14 November 2022

From: Breaking News

London council kicks off three month licensing consultation

Over the next three months Redbridge council in London is consulting on proposals to renew selective licensing in the borough. It says...

14 November 2022

From: Breaking News

Rent Controls Fail Worldwide - agent lists disastrous consequences

A lettings agency chief has listed how rent controls have failed across the world. Writing in The Scotsman, David Alexander - chief...

14 November 2022

From: Breaking News

Stark warning over massive rent rises to come - letting platform predicts

An online rental platform warns the average rent bill could reach as much as £2,270/month if prices rise in line with...

11 November 2022

From: Breaking News

Game On! Top agency scores big with short lets operator

Hamptons has snapped up specialist short lets company Wimbledon Accommodation,  a supplier to the annual Wimbledon tennis championships. Wimbledon Accommodation has operated...

11 November 2022

From: Breaking News

PropTech referencing service moves into Right To Rent

Referencing service Homeppl is expanding into Right to Rent checks. A digital R2R check can be integrated into Homeppl tenant referencing checks...

11 November 2022

From: Breaking News

Two more independents acquired by Lomond Group brand

The Lomond Group has strengthened its position in Scotland by acquiring two more independent agencies and adding some 600 properties to...

11 November 2022

From: Breaking News

Decent Homes Standard - councils need massive resources to enforce it

Propertymark backs government plans to introduce a social housing-style Decent Homes Standard in the private sector.   But it says there must be...

11 November 2022

From: Breaking News

On It Goes - RICS says rental market shows no sign of slowing

The latest market snapshot from the Royal Institution of Chartered Surveyors shows another robust performance for lettings. RICS says tenant demand continues...

10 November 2022

From: Breaking News

Rightmove qualifications get government body go-ahead

Rightmove’s new agent qualification - launching later this month - has been officially approved by the government’s regulatory body, The Office...

10 November 2022

From: Breaking News

Purplebricks rebel shareholders demand industry veteran takes charge

Rebel shareholders at Purplebricks want the current chairman to be replaced by industry veteran Harry Hill. Lecram Holdings Limited - which has...

10 November 2022

From: Breaking News

Forces veteran opens new agency near military base

A former marine is the franchise holder of a brand new Belvoir office close to a famous military base in south...

10 November 2022

From: Breaking News

Growth of Build To Rent is symbol of changing Britain - claim

The growth of the Build To Rent sector is a symbol of a changing Britain, in says one of the players...

10 November 2022

From: Breaking News

Agent Alert - City Trading Standards team begins clampdown

A council’s Trading Standards team is warning letting agents of a new clampdown on compliance failures. Stoke-on-Trent Trading Standards says it’s received...

09 November 2022

From: Breaking News

We need a Rental Sector Minister insists Build To Rent backer

Love to Rent, which describes itself as “the first and only digital marketing platform for the Build to Rent sector”, has written...

09 November 2022

From: Breaking News

Fines for agents soar but Anti Money Laundering set to improve

The average Anti-Money Laundering fine handed to agents has soared by two thirds. An analysis of five industries - Accountancy, Estate/Lettings Agency,...

09 November 2022

From: Breaking News

OnTheMarket drip-drip of new partnerships goes on

OnTheMarket, which in recent days has been revealing deals with new industry partners, continues today with Vaboo. This can provide all OnTheMarket agents...

09 November 2022

From: Breaking News

Hosts for Ukrainian refugees to get cash boost from council

The council in the London borough of Merton will fund an additional payment of £100 per month to residents who host...

09 November 2022

From: Breaking News

Property stealth taxes to be major part of next week’s Budget

The Financial Times has an exclusive saying allowances on property taxes such as Capital Gains and Inheritance will be frozen -...

08 November 2022

From: Breaking News

Quirky lettings service will not accept rent in return for property

A bizarre lettings start-up has launched - and isn’t taking rent in return for property.  KindRoom instead offers itself as a platform...

08 November 2022

From: Breaking News

OnTheMarket reveals another new offer in bid to win agent members

OnTheMarket is today revealing another deal for agents - and this time it’s with insurance broker Simply Business. There are four new...

08 November 2022

From: Breaking News

Lettings will be safety net for agents hit by major downturn - claim

Agents should look to lettings to protect themselves when the sales market is hit by the coming recession and drop in...

08 November 2022

From: Breaking News

Latest 2023 agent house price forecast is less downbeat

The latest high end agency to predict the mainstream market next year is Strutt & Parker - and it’s less downbeat...

08 November 2022

From: Breaking News

Mortgage experts give gloomy forecasts on buy to let

Mortgage experts appearing before a committee of MPs have given an especially gloomy forecast for the buy to let sector in...

07 November 2022

From: Breaking News

Areas furthest from London will fare least badly, predicts Savills

Savills, which at the end of last week released a gloomy forecast predicting a 10 per cent price drop for average...

07 November 2022

From: Breaking News

PropTech boss says more technology equals more leads for agents

A PropTech chief technical officer says the more technology is used by agents, the more they will win leads. Damon Bullimore of...

07 November 2022

From: Breaking News

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...

07 November 2022

From: Breaking News

Build To Rent could plug the gap as landlords exit - claim

Investment in the Build To Rent sector has almost doubled year-on-year, according to new research. Property consultancy Cushman & Wakefield says that...

07 November 2022

From: Breaking News

Enough Is Enough - should next interest rate rises be delayed?

A senior lettings industry figure says the Bank of England should delay future base rate rises to allow the housing market...

04 November 2022

From: Breaking News

Savills adds to gloom with forecast of major price falls next year

Savills is the latest agency to suggest significant house price falls next year - although in its long-range forecast it says...

04 November 2022

From: Breaking News

Rent Controls simply not needed, insists agents’ body

Propertymark has reiterated its opposition to rent controls in its latest statement on proposals in Northern Ireland. The NI Assembly has published...

04 November 2022

From: Breaking News

Rents still rising but early signs of a slowing market

HomeLet has released its latest rental figures - and they show the market remaining strong. In October the average rent in the...

04 November 2022

From: Breaking News

Husband-and-wife franchisees snap up second office

The second largest resale in Belvoir’s history has taken place with the husband and wife behind the Southampton franchise buying Belvoir...

04 November 2022

From: Breaking News

Interest rates up as agent warns public to “wake up and smell the coffee”

The Bank of England has increased its base rate from 2.25 per cent to 3.0 per cent. This is the largest hike...

03 November 2022

From: Breaking News

Online agency says demand so hot, landlords are pulling listings

An online lettings agency claims some properties are receiving up to 50 viewing requests - prompting landlords to pull listings to...

03 November 2022

From: Breaking News

Agents must do more to create ‘culture of safety’ - claim

A risk management service says agents and landlords must do more to create a culture of safety, particularly around fire. Research released...

03 November 2022

From: Breaking News

Tenants hot under the collar about energy efficiency, survey claims

A survey promoted by campaigners for smart meters claims most renters don’t believe their properties to be as energy efficient as...

03 November 2022

From: Breaking News

Material Information - utility data can help agents meet Trading Standards call

Utility technology platform Muuvo says the information it accesses can help agents meet the enhanced ‘material information’ requirements which Trading Standards...

03 November 2022

From: Breaking News

New city branch for agency in one of UK’s hottest markets

Northern property specialist Bradley Hall has opened a new rental and sales office in Leeds city centre. The firm has expanded its...

03 November 2022

From: Breaking News

Change EPCs and use stamp duty to make homes greener - call

With the private rental sector stressed at the prospect of stricter energy efficiency rules in the coming years, the body representing...

02 November 2022

From: Breaking News

“Landmark” CMP ruling sees huge fine for lettings agency

Trading Standards is describing a penalty imposed on a London letting agent as “a landmark” after the company failed to comply...

02 November 2022

From: Breaking News

Interest Rate Rise - lettings sector braced for bad news

There’s widespread concern that the Bank of England’s monetary policy committee, which meets tomorrow, is to unveil a 0.75 per cent...

02 November 2022

From: Breaking News

Big rise in lettings enquiries to The Property Ombudsman

The Property Ombudsman has reported a big rise in enquiries over last year and a huge rise since the pre-Covid year,...

02 November 2022

From: Breaking News

Buy To Let rental growth to lag behind Build To Rent - claim

The current supply demand imbalance across the UK rental market looks set to endure as fewer households move across into owner...

02 November 2022

From: Breaking News

Labour MP tells letting agents to explain high rents

A Labour MP has written to letting agents in her constituency demanding they explain high rents and their student allocation policies. Mary...

01 November 2022

From: Breaking News

OTM reveals latest PropTech deal offering exclusives to members

OnTheMarket has signed a deal with a PropTech service to provide agents with 3D Showcase scans and 2D floorplans. NicheCom has been...

01 November 2022

From: Breaking News

Controversial letting agent’s company sold for undisclosed sum

The lettings agency operated by controversial agent Ajay Jagota has been sold for an undisclosed sum. Jagota set up KIS Lettings with...

01 November 2022

From: Breaking News

Agency group claims dramatic cut in deposit refund times

An agency group in Berkshire says it has reduced tenancy deposit return times by some 80 per cent in just two...

01 November 2022

From: Breaking News

Fire warning as agents and landlords mark Fire Door Safety Week

A safety training service is warning of “alarming statistics” showing an increase in the number of fires and fatalities and a...

01 November 2022

From: Breaking News

Boomin is Bust - liquidators called in

Boomin, the online property portal founded by the former boss of Purplebricks, has called in liquidators according to a Sky News...

31 October 2022

From: Breaking News

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...

31 October 2022

From: Breaking News

Down They Go - House prices to drop to mid-2021 levels says agency

Knight Frank says it expects house prices to drop in the coming year - but only to those levels seen in...

31 October 2022

From: Breaking News

Rents soar ahead of frozen benefits, triggering homelessness fear

The average gap between housing benefit rates and the actual cost of rents has grown by more than 40 per cent...

31 October 2022

From: Breaking News

Revealed - the junior housing ministers working with Gove

As the Rishi Sunak government’s lower ranks finally take shape, the junior ministers working with Housing Secretary Michael Gove have been...

31 October 2022

From: Breaking News

OnTheMarket reveals background to lettings valuation tool for agents

OnTheMarket has earned another feather in its cap winning the gold award for ‘Best B2B Customer Experience’ at the 2022 UK...

31 October 2022

From: Breaking News

Mystery surrounds latest senior departure from Purplebricks

Activist shareholders and agency industry analysts alike appear mystified at the latest high-flyer to depart suddenly from Purplebricks Yesterday the troubled agency...

28 October 2022

From: Breaking News

Manic, Panic - Tenants queue overnight at lettings agencies

University students have queued on the street overnight to secure a home for next year in one of the UK’s most...

28 October 2022

From: Breaking News

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...

28 October 2022

From: Breaking News

Foxtons new CEO enjoying strong start to honeymoon period

Famous London agency Foxtons has enjoyed a shares boost on the back of a 25 per cent spike in revenue in...

28 October 2022

From: Breaking News

Government delay is pushing landlords away says leading agent

The time taken to introduce legislation reforming the private rented sector is triggering an exodus of landlords, a lettings industry chief...

28 October 2022

From: Breaking News

Agents Beware - key points on new energy price controls for tenants

Propertymark has issued key points for lettings agents to note following the introduction of The Energy Prices Bill to the House...

27 October 2022

From: Breaking News

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...

27 October 2022

From: Breaking News

Tenants paying rent upfront have big advantage over rivals - claim

A new assessment of the private rental sector by guarantor service Housing Hand suggests that tenants paying rent upfront have a...

27 October 2022

From: Breaking News

OnTheMarket PropTech ready for radical rental regulations reform

TecLet, the software platform business now rebranding as part of OnTheMarket Software, has been updated to accommodate radical changes to the...

27 October 2022

From: Breaking News

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...

27 October 2022

From: Breaking News

Agency launches “university” online education platform

The Keller Williams UK agency has launched an online learning platform for agents called KW University. A statement from the company says...

26 October 2022

From: Breaking News

OnTheMarket unveils latest exclusive deal for member agents

OnTheMarket has agreed an exclusive deal with a training service to offer agents online courses at discounted rates. The partnership means The...

26 October 2022

From: Breaking News

Agent’s huge fine for failing to licence an HMO

An agent operating an HMO on Deeside without a licence and breaking other housing laws has been fined £28,000. Flintshire council carried...

26 October 2022

From: Breaking News

New lettings chief for high-end property consultancy

A new director of lettings has been announced for an independent residential consultancy that helps high net worth individuals buy, sell...

26 October 2022

From: Breaking News

Rents hit new record as supply shortage goes on and on

Average asking rents for new tenants outside of London have risen to a new record of £1,162 per calendar month according...

26 October 2022

From: Breaking News

What's the future of Purplebricks lettings division?

Once again there is uncertainty over the future of the small lettings division of Purplebricks. The threat of redundancy hangs over staff...

25 October 2022

From: Breaking News

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