What Do Renters Reform Bill Proposals Mean for the Private Sector and Is This a Time of Opportunity for Landlords?
It’s been an important month for landlord-related news with the announcement of the government’s Renters Reform Bill whitepaper. Experts are also wondering if the property market has peaked, and with a cost of living crisis gathering pace, it’s a potentially challenging time for landlords and their tenants.
Podcast: What The Renters’ Reform Bill Proposals Mean For The Private Rented Sector – With Sean Hooker
(Goodlord, 84 min listen)
The Negotiator has called it ‘more radical than expected’, so what are the implications of the government’s new Renter’s Reform White Paper? Why does it favour tenants over Landlords and will it actually become law anytime soon?
Full story > https://bit.ly/3ygxCBf
UK Landlords Show Increased Interest In Green Buy-To-Let Mortgages
(Landlord News, 3 min read)
According to a new study from Mortgages for Business, three in five landlords are interested in green buy-to-let mortgages.
Full story > https://bit.ly/3ybXM88
As Crypto Currencies Crash, It’s Good News For Property Investment
(The Negotiator, 3 min read)
Clynton Nel, Residential Director at London agency Johns&Co. assesses the fallout from the recent crash in the crypto markets and makes the case that property continues to be one the most attractive opportunities for investors.
Full story > https://bit.ly/3NePhgP
Property industry reacts to Rightmove House Price Index
(Property Industry Eye, 3 min read)
“The average price of property coming to market this month has increased by 0.3%, or £1,113, to hit an average price of £368,614, according to Rightmove.
Average asking prices have risen more than £56,000 in the past two years, compared to a £6,000 rise in the two years before the pandemic.”
Full story > https://bit.ly/3OeNt8F
House Price Falls Coming Soon May Be Opportunity For Landlords
(Landlord Today, 2 min read)
Here’s another article highlighting the latest data from Rightmove with a focus on price drops as a positive for landlords, this year. The article also highlights a new warning about a log-jam in the conveyancing process as on average it is taking 50 days longer to complete than at this time of year back in 2019.
Full story > https://bit.ly/3OibJH0
UPDATED: FOUR Leading Landlord Figures Pick Holes In Renting Reform White Paper
(Landlord Zone, 3 min read)
Leading figures from the private rented sector share their views on the new government whitepaper.
Full story > https://bit.ly/3QEV9Tn
Rising Demand For Landlord Insurance Highlights Concerns In The BTL Market
(Property Reporter, 2 mins read)
New data shows a 37% rise in demand for landlord insurance in the first quarter of this year. Additional costs to upgrade properties to meet the new minimum EPVC requirements and a squeeze on incomes mean landlords may be wise to consider the additional insurance cover.
Full story > https://bit.ly/3Ovntpo
Thomas Palmer, Acting Head of Lettings
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.