Each month we bring you the latest news on landlords and tenancy with a quick round-up all in one place.
10 Dos and don’ts for student landlords
NRLA (6 min read)
The National Residential Landlords Association has launched a new series aimed at student landlords. From furnishing your property to licensing and retainers, check out the list for some useful dos and don’ts.
Full story > https://bit.ly/3mIRTJN
Renter’s Reform Bill: White paper on proposals delayed until 2022
Newsagent (1 min read + Video)
In our last news round-up, we featured a story on the renter’s reform bill including changes to Section 21 and Section 8 legislation plus a proposed ‘lifetime’ tenancy deposit scheme. It appears reforms will now be part of the Government’s post-pandemic agenda sometime next year.
Full story > https://bit.ly/3CKMVlr
Outer city rental markets continue to show stronger growth vs. inner city
Landlordnews (3 min read)
A new analysis of rental market data for London, Manchester, and Birmingham has revealed sizeable differences in the growth of rental incomes. Based on this data, the monthly cost of renting within an inner-city area is £1152 versus £908 per month in the outer city market.
Full story > https://bit.ly/3mIIcuK
Cost of decarbonising all UK homes could run to £330bn
Housing Today (3 min read)
According to Savills £330bn will be the cost of retrofitting the UK’s 29 million homes to meet net-zero targets. This is a lot less than previous estimates. The Government scrapped its Green Homes Grant scheme in Marchand it did not return in October’s budget and spending review.
Full story > https://bit.ly/3BOMqVX
Luton property fraud down to ‘devasting lack of due diligence
The Negotiator (2 min read)
This is an awful story about a homeowner who had their property sold to someone else whilst working away. We will be spending some more time on this story on the Watsons blog soon, plus provide one way to defend against this type of fraud.
Full story > https://bit.ly/3GPiWLo
Are interest rates set to rise? ‘Decision looks to be a close call’
Property Industry Eye (2 min read)
In spite of the BoE holding rates at their current level only this week, the general consensus seems to be that yes, they will rise by some degree soon. Read more In this brief opinion piece from the popular Property Industry Eye.
Full story > https://bit.ly/2ZZHqRJ
Is rampant house price inflation about to ebb away?
This is MONEY (3 min read)
In spite of the BoE holding rates at their current level only this week, the general consensus seems to be that yes, they will rise by some degree soon. Read more In this brief opinion piece from the popular Property Industry Eye.
Full story > https://bit.ly/2ZZHqRJ
Good times back? Landlords more optimistic over lettings prospects
Landlord Today (2 min read)
This article presents data from a new survey of more than 600 landlords. Investors’ optimism has steadily risen since the first quarter of 2021 and respondents with 11 or more properties reported feeling ‘good’ or ‘very good’ about their property investments.
Full story > https://bit.ly/3EJQqsV
LATEST: Key report into the effectiveness of landlord regulation due next month
LandlordZONE (2 min read)
The National Audit Office (NAO) is due to publish a report next month on whether existing laws and regulations ‘support the government’s aim of making renting fairer for voters’. LandlordZONE reports that the delayed white paper on rental reform may have been put on hold pending the findings of the NAO’s report.
Full story > https://bit.ly/3qdRfpM
With over 130 years in the industry, Watsons is firmly established as a leading independent Norfolk letting agent. Whether it’s a classic let, a buy-to-let, or increasingly let-to-buy, we offer a range of services designed to make letting a property simple and hassle-free. Visit our lettings page to get in touch with a lettings specialist.
