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Here is today’s Breaking News from Letting Agent Today. Join the debate by leaving a comment below a story - you will need to be logged-in to do this.

Breaking News

Renters Reform Bill “still misses the mark” says Propertymark

Propertymark says the controversial Renters Reform Bill still misses the mark, despite a string of amendments made to it as it left the House of Commons...

Tax Alert - Agents can urge landlord clients to take part in pilot scheme

HMRC has launched a pilot for the proposed Making Tax Digital service for quarterly reporting - and agents can sign up their landlord clients, with consent,...

Toxic attitude to Private Renting may now change, hopes lettings chief

A prominent lettings agency operator says he hopes the “toxic” attitude to the private rental sector by the Scottish Government may now change. David Alexander, the chief...

Renters Reform Bill - groups still lobbying for further changes

A coalition of higher education and student housing organisations have called on the government to make further changes to the Renters Reform Bill to safeguard student...

Build To Rent claims it already conforms with Reform Bill ideals

A trade body representing Build To Rent operators claims that the sector “already accommodates the Bill’s proposals” in terms of tenants’ rights. The Association for Rental Living...

Gove hits back at critics after Renters Reform Bill wins key vote

Michael Gove’s Department of Levelling Up, Housing and Communities hit back overnight at critics of the government’s Renters Reform Bill. The Bill - in heavily amended form...

PropTech tool will help eviction process under Renters Reform Bill changes

A new communications log feature has been introduced by a PropTech supplier which allegedly makes it easier to gather evidence for arrears cases. It’s come from automated...

More tenants borrowing to fund deposits on next property - claim

The percentage of tenants borrowing money to fund their cash deposits on their next property has risen over the last 12 months. That’s the claim by Reposit,...

Rental market back to normal in Prime Central London says agency

The Prime Central London lettings market is returning to normality, a prominent agency says. JLL says average rents fell 1.4% between Q4 2023 and Q1 2024, bringing...

Agents proud of the industry…not so keen on the system

Some 83% of estate agents are proud of their profession, says a new survey. The poll of 1,728 estate agents, commissioned by GetAgent, found that 69% of...

Cheaper to buy than rent in every major British city - Rightmove

Rightmove says it’s now cheaper to buy than rent in each of Great Britain’s biggest cities, highlighting why many determined first-time buyers are continuing to save...

Extraordinary 200 amendments to Renters Reform Bill in Commons today

There’s a huge number of amendments to the Renters Reform Bill, which has its Third Reading in the House of Commons today. The less contentious ones are...

Propertymark not giving up on the Regulation of Property Agents

Propertymark says it will continue lobbying government for the implementation of the Regulation of Property Agents - even though the government has ruled this out. In a...

Foxtons’ internal lettings data shows market returning to normal

Data from in-the-news agency Foxtons reveals rental applicant demand has increased 9% from February, yet is now still 14% lower year on year. The agency says that...

New Holiday Lets booking system rivals hotels, says supplier

PropTech firm Pikl is launching an insurance-backed cancellation product specifically for holiday lets that will enable operators to offer the same or similar cancellation policies to...

Propertymark guide helps tenants complain and challenge rent rises

A new guide from Propertymark explains the rights which private rental tenants have - and sets out how they can challenge “high” rent increases, and complain...

Boost for Buy To Let as mortgage product choice improves

There's good news for the buy to let sector as mortgage product availability is showing signs of stability, according to the independent Moneyfactscompare site. Overall buy to...

Big HMRC fines for agents prompt Anti-Money Laundering guidance

Recent substantial fines issued by HMRC are a harsh reminder to agents to ensure that their Anti-Money Laundering policies are up to date, says a trade...

Backing for Ground Rent Cap being announced this week

An amendment is expected to be made by the government to its Leasehold and Freehold Reform Bill. The Bill, put forward by Housing Secretary Michael Gove, proposed...

Agents urged to attend Equality and Cultural Awareness event

Propertymark is urging member agents in Wales to attend a so-called Cultural Awareness Course which will explain their responsibilities under the 2010 Equality Act. The course is...

Get On With It - major agency tells government to reform renting

A major agency has told the government to get on with ensuring the Renters Reform Bill is passed into law as soon as possible. A after a...

Grow Your Lettings Agency - free webinar this week

Rightmove is hosting a webinar tomorrow for owners and managers of lettings agencies, focused on growing their business to the maximum potential. The portal’s lettings expert -...

Rent Controls - Call by Labour MPs in defiance of party policy

Five Labour MPs have put forward an Early Day Motion in the House of Commons calling for rent controls - even though the party nationally is...

Regulation of Property Agents - government slammed by Lords

The government’s failure to act on the Regulation of Property Agents (RoPA) working party - chaired by Lord Richard Best and published five years ago -...

Independent agency runs seminar series for new landlords

Top tips will be provided for landlords in the private rental market in a seminar next month organised by high profile independent lettings agent Nicol &...

Agency has not paid Fixed Penalty Notice in dispute over deposit

A statement from a city council claims that a property company failed to attend court in a case of deposit protection, and failed to pay a...

Online firm launches budget “self-service” lettings platform

An online lettings platform claims to have launched the first “end-to-end self-service lettings platform” which could save landlords around £3,800. Hello Neighbour operates in London and claims...

Lettings chief claims “renting negatively impacts life”

A prominent supplier of deposit alternatives to lettings agents has come out and said that “renting negatively impacts quality of life, stress and hopes for the...

Seasoned lettings expert joins regional agency

A seasoned lettings expert has been taken on to boost the success of an agency branch in Surrey. James Clarke, with 25 years experience in lettings, has...

Local man with global experience takes over branch franchise

Stephen Castellani has been confirmed as the new owner of Martin & Co’s Tonbridge office, taking the reins from Robert Gordon-James and his wife Katrina, who...

Rent Ceilings Have Been Reached - agency's stark warning

The chief executive of one of Britain’s largest franchise agency chains is warning that rents may no longer be able to rise as tenants have reached...

Franchise group claims letting agents revenue could be £100k a year

Property investment and management company The Sourced Group says its new lettings division which “presents franchisees with the chance to generate recurring revenue surpassing £100k annually.” The...

Renters Reform Bill back in the Commons next week

A government-supporting newspaper says the Renters Reform Bill will be back in the House of Commons next week. Observers have been expecting the Bill for some time;...

TV Property Guru to give keynote speech at Propertymark One

TV property guru and Move iQ founder Phil Spencer to be a keynote speakers at Propertymark One this year, the trade body’s premier event this summer. The...

Deposit Alternative service plays up ‘unaffordable’ rents

A deposit alternative service claims the cost of rent has outpaced salary growth by 5.2% over the past 10 years, leaving renters significantly worse-off. Using government figures,...

Acquisition of agency network, 60 staff and 1,100 lettings portfolio

An agency has snapped up a substantial regional firm involving 60 staff, 1,100 properties under management, as well as commercial, new homes, auction and land divisions. Sheldon...

Agency unveils “renewable, sustainable, green branch office”

Leaders - part of the Leaders Romans Group - has unveiled what it claims to one its latest “sustainable office” in Guildford, Surrey. Low-flow taps save up...

Average rent arrears climb as cost of living crisis bites

Average rent arrears claims climbed to £1,816 in the first quarter of this year. That’s a rise of 27% from £1,435 in the same period last year,...

Agents Tell Politicians - Stop Arguing and Repair Private Renting

Political parties should stop bickering and instead work together to improve the private rental sector. That’s the view of the Lettings industry Council, a group including lettings...

City Build To Rent Schemes - two new announcements

Developer Beech Holdings has secured planning permission for its luxury development of Build To Rent apartments in Sheffield. Sheffield Gardens will include 158 units of one, two...

Warning: rental reform could mean rewriting tenancy agreements

A lawyer says radical rental reforms proposed for Scotland - which could be a model for change in England and Wales too - may require rewriting...

Agencies merge lettings teams and set up Joint Venture operation

Two agencies are merging their lettings operations and launching a Joint Venture company to enable continued growth in their respective areas of expertise. Liverpool firms City Residential...

Demand cools and supply rises - new lettings analysis

Rents rose 9% on average in the UK in Q1 2024 compared to the same period in 2023, says flatshare site SpareRoom. Out of the UK’s 50 largest...

Managing agent bags hundreds of homes in new deal with L&G

Property management and facilities firm Pinnacle is to become the leading managing agent for Legal & General Affordable Homes. In recent weeks, the housing services provider has taken...

Tenant demand easing at last says agency chief

The UK's rental market is experiencing a slowdown says a lettings chief. Nicky Stevenson, Managing Director of Fine & Country notes that while supply has seen a...

Interest Rates to stay high despite this week’s good inflation news

Interest rates are expected to stay high despite good inflation news likely to be announced this week. The Office for Budget Responsibility and Bank of England expect...

Foxtons To Be Sold? Media speculation grows

Lettings giant Foxtons has hired merger and acquisition bankers from Rothschild following pressure from shareholders to sell itself for £160m, the Sunday Times claims. Shareholders of the...

Reform Bill isn’t stopping buy to let investment claims agency boss

A prominent lettings agency claims the Renters Reform Bill is not proving a deterrent to buy to let investors. The Leaders Romans Group says its latest survey...

How Knight Frank sees it - market update from research guru

It feels as though the UK housing market is waiting for something to happen. The prevailing mood is one of anticipation with both a rate cut and...

PropTech: Foxtons to extend digital lettings service into sales

Foxtons says it wants to extend what it calls its “full digitisation of the lettings journey” to its sales side, as well. The London-focussed agency is today...

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