Latest statistics prepared by Rightmove show that M & M Lettings have increased their market share of Lets Agreed from 43.2% to 48.4% from September 2018 to September 2019. To put this further into perspective in the context of market share - M & M agreed lets of 237 properties, with the agent with the [...]
TENANTS SUFFER AS RENTS SOAR DUE TO TENANT FEES BAN Key Findings Rent prices rise to highest on record in June Demand from prospective renters rose last month The number of properties under management fell Rent prices The number of tenants experiencing rent rises increased to the highest figure on record in June, with more [...]
The Government have launched a consultation on extending the anti-money laundering rules to cover letting agents as set out in the Fifth Money Laundering Directive (5MLD). Under 5MLD, the scope of obliged entities within the property sector is expanded to include the letting agency sector for high value transactions with a monthly rent of 10,000 Euros or [...]
The UK Government has announced plans to consult on new legislation to abolish Section 21 evictions – so called ‘no-fault’ evictions in England. This will effectively create open-ended tenancies, and lead to what the Government believe will be more effective means of getting their property back when they genuinely need to do so. Under the [...]
Labour’s Shadow Housing Secretary John Healey MP has pledged that the next Labour Government will protect private renters in England from eviction, by introducing new ‘indefinite’ tenancies. This latest proposal marks a change from Labour's pledge at the 2017 general election, where it committed to making private tenancies three years by default. The Party claims [...]
In a letter from Rt Hon Caroline Nokes MP, Minister of State for Immigration, to ARLA Propertymark dated 15 March 2019 the Government has confirmed that there are no immediate changes to the operation of the Right to Rent policy and landlords and letting agents are still obliged to conduct checks as required in legislation. [...]
The Lettings office agreed a let on a property every day the office was open in February. That’s one let a day Monday to Saturday, some within less than 24 hours of the property being available, and some before they were even advertised. Landlords - avoid the void, forget the rest and use the best!
ARLA PRESS RELEASE: TENANT FEES BILL UPDATE - ENGLAND “Once again politicians are attacking the industry for their own purposes. Tenancy deposits have worked perfectly well for over a decade, and there is no basis in research that these amendments are necessary. "This move will do nothing but push the [...]
As reported in today's edition of Estate Agent today: As scary Halloweens go, yesterday was quite a shocker for Britain’s online estate agency sector - and not in a good way. During the day Purplebricks’ share price - which earlier this year was approaching an extraordinary 500p mark - sank another 3.6 per cent and [...]
Rents are expected to surge 15 per cent over the next five years thanks to increasing demand and limited supply following government tax assaults on buy to let investors. A Royal Institution of Chartered Surveyors market snapshot released last week shows 22 per cent more respondents reporting a fall in new landlord instructions in the last three [...]
