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WEBTake Action! Have a story? Contact our press team. Estate Agent Today provides daily industry, Estate Agency, Property Market, Housing, Moving Home and Online Estate Agent News updates for the UK's letting agent community.
Will It Work? Mortgage change tries to turn renters into buyers
WEB17 hours ago · The change means a first-time buyer couple with a joint income of £50,000 can now borrow up to £300,000 with Helping Hand, compared to c£225,000 without, an increase of £75,000, assuming a five per cent deposit and no other costs impact affordability. In further support to first-time buyers, Nationwide is …
Damp and Mould in rental property – New guidance issued to …
WEB6 days ago · Following two surveys of letting and managing agents, new guidance has been published by The Property Ombudsman to help agents, landlords and tenants deal with condensation, damp and mould in their homes. A survey of 719 letting agents by TPO showed that nearly all had managed properties with damp and mould issues.
Damp and Mould: Propertymark says agents must help landlords
WEB1 day ago · Propertymark says it is unlikely that landlords alone can solve problems of damp and mould in some private rental sector properties. Last week The Property Ombudsman gave new guidance to help agents, landlords and tenants deal with condensation, damp and mould in their homes. A survey of 719 letting agents by TPO showed that nearly all had ...
New RICS forecast of rising tenant demand and higher rent
WEBThe snapshot is a sentiment survey, and the latest released this week shows a net balance of 62 per cent of surveyors reporting increasing tenant demand. This is in line with figures seen over the past four months, RICS says, but is far beyond the long run average of 19 per cent. “At the same time, the series on landlord instructions remains ...
Revealed: What landlords are thinking, saying and planning right …
WEBRevealed: What landlords are thinking, saying and planning right now. The value of the Private Rented Sector in England, Wales and Scotland grew by 5.8 per cent to a jaw dropping £1.4 trillion in the last year according to a new report from Shawbrook Bank. Since the first national lockdown, house prices have rebounded at pace.
Breaking News Archives - Letting Agent Today
WEB4 days ago · Reminder – three months left for agents to file business banking complaints. Written by: Letting Agent Today Team. Property firms including letting agents are being reminded that they have three months left to register a business banking complaint with the Business Banking Resolution Service (BBRS). ... 11th September 2024.
Low rental supply pushes demand and rental increases to record …
WEBRecord demand and low levels of supply have pushed the number of tenants experiencing rental increases to new highs, lettings agents claim. The ARLA Propertymark Private Rented Sector Report for August found the average number of new prospective tenants registered per branch jumped in August to 107, from July’s figure of 102. This is the ...
Lettings market crisis laid bare by latest figures
WEBNew figures from property consultancy TwentyCi lay bare the challenges faced by the lettings sector. In the third quarter of 2022 new instructions and lets agreed were down by 25 and 19 per cent, respectively; and in contrast to the owner-occupied sector, there was a marked supply and availability issue, as some landlords withdrew from the market because of tax changes put in place in 2019 ...
Rental market to outperform sales for years to come – new analysis
WEBRental market to outperform sales for years to come – new analysis. New long-term analysis by Hamptons says rental growth will cool over the coming years but will still outperform house prices between now and the end of 2025. The forecast says: “Landlords will be seeking to pass on higher borrowing and other costs to tenants.