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Propertymark has analysed its lettings and sales data to reveal trends from the year. The private rented sector has seen sharp rent increases due to the tenant fees ban, an outflow of landlords from the market, and Brexit uncertainty.
ARLA Propertymark’s Private Rented Sector (PRS) report shows the number of tenants experiencing rent rises fell by eight percentage points in October. This is the lowest figure since June 2019.
On the 21 November, a team of over 100 agents took to Queen Elizabeth Olympic park in London, as part of Propertymark’s Great Agent Sleep Out to support the homelessness charity, Centrepoint.
Manchester City Council have consulted with agents, landlords and tenants to inform an updated private rented sector strategy for the city. The consultation ran throughout November 2019 seeking to engage stakeholders through an online survey and local drop in sessions across Manchester.
Having grown significantly since its inception in 1995, and with various venues to accommodate the growing interest, the ARLA Propertymark Conference is now firmly rooted at ExCel in London to house the size and appetite of interest from the industry.
Latest data has revealed an overall slowdown in mortgages despite the stability in the buy-to-let market with an expected further growth of 1 per cent in the next quarter.
This year’s World Mental Health Day was on 10 October and put mental wellbeing firmly under the spotlight. Richard Gould, Director of Commercial at Howden Employee Benefits & Wellbeing, considers the proactive steps we can all take to look after our mental health.
Government have confirmed that a detailed assessment of the ‘A licence to rent’ report has not been undertaken and there are no plans in place to introduce a national landlord register.
Ahead of the political parties finalising their manifestos for the forthcoming General Election, Propertymark has published its own manifesto calling on the new Government to regulate and reform the housing sector.
The appointment follows Dame Judith’s Independent Review of Building Regulations and Fire Safety, in which the Government committed to take forward all her recommendations and go further, by forming a new national Building Safety Regulator.
The winners of the Propertymark Qualifications Awards were announced on 23 October, celebrating learners and those who commit to their professional development.
Britain’s private rented sector is going through a crisis of confidence. Between changes to mortgage tax relief and the looming removal of Section 21 evictions, landlords are thinking hard about their futures in the industry.
The average homeowner in the UK could be £352,500 better off than the average private renter over the next 30 years, new research from the Intermediary Mortgage Lenders Association (IMLA) says.
A tenant in Scotland who claimed that she and her landlords were subject to a private residential tenancy (PRT) in a house of multiple occupancy has had her appeal dismissed.
Since mandatory landlord registration was introduced by the Antisocial Behaviour etc. (Scotland) Act in 2004, the information required to be provided by applicants has remained minimal. For a fee, landlords in Scotland are required to register their rental properties with each local authority that they are let in.
Guidance on conducting right to rent checks on nationals of Australia, Canada, Japan, New Zealand, Singapore, South Korea and the USA who have entered the UK through eGates as visitors has been updated.
Now the dust has settled on the implementation of the Renting Homes (Fees etc.) Wales Act, the Welsh Government must acknowledge the impact on letting agent’s businesses and further aspects of the legislation must be implemented in a more timely and efficient manner.
The National Trading Standards Estate and Letting Agency Team (NTSELAT), has rolled out an enforcement toolkit to trading standards officers across the UK in order to help crack down on non-compliance.
Letting agents have received advice in both the run up and since the implementation of the Tenant Fee Ban and are often being advised to look at their business processes and consider their overall offering to tenants.
The Liberal Democrats have passed a motion which will scrap Section 21 'No Fault Evictions' in the private rented sector if they come to power at the next general election.
The UK Government has announced proposals for sprinklers to be installed in new high-rise blocks of flats by opening a consultation to seek views on the changes to fire safety regulations.
As we get closer to 31 October, the date when the UK is scheduled to leave the EU, letting agents need to know what compliance with Right to Rent checks on EU, EEA and Swiss nationals will look like.
Housing Minister, Esther McVey gave a statement that alluded to the Government deciding as soon as next month on whether to introduce a longer minimum period as part of reforms to Assured Shorthand Tenancy (AST) regime.
Research made by the Financial Times concluded that the UK’s 2.6m landlords would face a moment of reckoning if Labour won the next general election after Shadow Chancellor John McDonnell said he wanted a “right to buy” scheme for private tenants as well as higher taxes on landlords.
ARLA Propertymark has met with the Home Office about Right to Rent in the context of three areas of concern.Advice from the Home Office remains: if someone can demonstrate they are legally present in the UK, they can pass a Right to Rent check. If their documents relate to List B Time Limited documents, a follow up check must be carried out within 12 months or before the expiry of the document (whichever is the later).
The two largest landlord organisations in England and Wales, the National Landlords Association (NLA) and the Residential Landlords Association (RLA) have today launched proposals to unite to create a single organisation.
Media speculation around Brexit yesterday focused on Freedom of Movement and Immigration once again, as reports emerged that Home Secretary Rt Hon Priti Patel MP, plans to abandon the Government’s existing commitment to Right to Rent procedures abruptly on 1st November.
David Cox, ARLA Propertymark Chief Executive, has outlined a housing manifesto that he believes will keep the sector healthy. With a new government settling in, this may be an ideal time to investigate and implement these reforms.
A Government consultation is asking for your views on developing a secure and reusable digital identification service, to make processes such as reference checking easier and more reliable. Can digital ID services be made better, centralised, and more useful?Propertymark has already made advances in secure digital identification with NAEA Propertymark's Propertymark Passport, enabling members to verify identity and support HMRC compliance, but a Government consultation is asking the question on a wider scale.
A growing proportion of Britons think that the political parties don’t pay a lot of attention to housing, according to new research.The survey, carried out by Ipsos Mori on behalf of the Chartered Institute of Housing (CIH), gathered opinions from 2,181 adults across Great Britain,
Ideal flatmate has created a table of average rents in locations surrounding the top-ranked universities in the UK using data gathered by PropertyData.Ideal flatmate looked at the average monthly rent for areas surrounding the top 50 universities with the cheapest average rent price surrounding the main campus being Lancaster University, which is also ranked as the seventh-best university in the UK.
Popular comedian Joe Lycett’s exposure of a London letting agent’s questionable practices shows that consumer rights are more relevant than ever, and as we’re more than aware, terrible practice is out there, but could publicity on shows like this be the stepping stone needed in order to crack down on these agencies once and for all?
New figures show that Australia is top of the table when it comes to owning property in Scotland.SafeDeposits Scotland has provided their stats on owners of Scottish residential property who use their scheme and have found that Australia leads the way shortly followed by the USA.
The Vouch system, custom designed to make the tenant application process more efficient, making a difference to agents. As well as operating the company, Vouch has their our own family run letting agency based in Sheffield. A Propertymark Industry supplier, Vouch are regularly talks about the benefits of a referencing company can offer at Propertymark events throughout the UK.
As Prime Minister Theresa May leaves office the UK Government has launched a 12-week consultation on Tenancy Reform in England, setting out greater detail about what the Government envisage change will look like.In April, the Government outlined that they want to prevent private landlords from evicting tenants at short notice and without good reason, amend the Section 8 eviction procedure and expedite the court process so landlords are able to swiftly and smoothly regain their property where tenants fall into rent arrears or cause damage.
Julie James AM, Minister for Housing and Local Government has launched a consultation asking for views on proposals that include extending the minimum notice period applicable to a section 173 notice from two to six months.The Welsh Government’s intention to do this was first announced by Julie James in a speech she gave to Shelter Cymru’s Conference in Swansea on 4 July 2019.
If you are in the property industry it cannot have escaped you that the Tenant Fees Act 2019 has recently come into force, permitting letting agents and landlords to only charge fees relating to rent, security deposits, holding deposits or when a contract is breached by a tenant.
The number of letting agents in Scotland who have now been issued with a Letting Agent Registration Number (LARN) now stands at 687 from the 938 applications received by the Scottish Government.Those which remain outstanding are currently having their applications processed and have been asked to deliver the required documentation to the registration team.
Returning for their 8th year, the Propertymark Qualifications Awards are exclusively open to those who have achieved or are currently working towards, their Propertymark Qualifications Awards and Certificates. This year the nominees will be treated to an intimate ceremony at the House of Lords, surrounded by leaders in the industry.
We have recieved an exceptional service from David. It was refreshing to meet and deal with a letting Agent who is genuinely, friendly helpful and we feel is in total control of dealing with all our 3 properties we let in Broadstairs. We found that not only does David find the best Tenants to suit us he will inform us to put our minds at rest as we do not live locally to ensure we do not have the worry
The tenant fee ban is finally here and in a post-fees market, it will inevitably be letting agencies that take a traditional approach with a focus on high customer service, that will be of huge value to landlords.Following the introduction of the Act, landlords and renters will increasingly appreciate the level of service provided by the country's best letting agents, with those that are well-equipped and well prepared in the strongest position as we move through the second half of 2019 and into 2020.
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