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Renters Reform Bill to cost letting agents millions - new analysis

The Renters Reform Bill will cost letting agents over £275m in the next decade as fewer landlords use their services. That’s the...

26 July 2023

From: Breaking News

Key lettings appointment at agency’s London office

High end lettings agency Knight Frank has appointed Andrew Twagira as head of lettings in its Aldgate office in London. Twagira joined...

26 July 2023

From: Breaking News

Agents tell Gove they’re disappointed with housing pledges

Propertymark has branded the plans by Housing Secretary Michael Gove to increase housebuilding “disappointing”. Nathan Emerson, Propertymark chief executive, says: “The UK...

26 July 2023

From: Breaking News

Airbnb Regulation - councils should control short lets, agents tell government

The letting agents’ trade body ARLA Propertymark is urging the government to regulate Airbnb and other short let platforms but to...

25 July 2023

From: Breaking News

Council “deluged” with complaints about private rental homes

Landlords of more than 5,000 homes must register for a license and ensure their tenants have good quality housing or face...

25 July 2023

From: Breaking News

Exponential growth on its way as agency takes over rival

A lettings firm’s takeover of an independent rival agency is the start of a period of “exponential growth” according to its...

25 July 2023

From: Breaking News

Agents warned: 7% interest rates for many months to come

A stark warning has been made to lettings and estate agents that interest rates as high as seven per cent may...

25 July 2023

From: Breaking News

Rebrand for corporate and leisure short lets company

Chester-based Residential Estates, established over 30 years ago, has been rebranded as Guestz.  The firm says it’s from a local lettings and...

25 July 2023

From: Breaking News

Airbnb fights back against Sadiq Khan’s call for clampdown

Airbnb has issued a statement responding to the call for a clampdown on short lets demanded by Labour’s outspoken London Mayor,...

24 July 2023

From: Breaking News

Kicked Out! Redress scheme expels five rogue agencies

The Property Redress Scheme has released its latest list of expelled agents - mostly for rental misdemeanours and/or failure to pay...

24 July 2023

From: Breaking News

New appointment beefs up lettings input to agency group

South East property group Beresfords has appointed Bernadette Barcham to its Board of Directors.  A statement from the firm says the move...

24 July 2023

From: Breaking News

Prime London rental market’s “remarkable growth” - agent’s data

The post-Covid prime lettings market in London has seen remarkable growth, an agency says. The latest data from Berkshire Hathaway HomeServices London...

24 July 2023

From: Breaking News

Student rental accommodation - key provider aims for growth

A prominent provider of student rental accommodation has appointed an international property consultancy to consider growth options. Study Inn Group has a...

24 July 2023

From: Breaking News

EPC changes to rental properties to be ‘relaxed’ - Gove

Housing Secretary Michael Gove has this morning said his government should ‘relax the pace’ of EPC reforms expected from private landlords. In...

23 July 2023

From: Breaking News

Legal warning over Renters Reform Bill impact on market

The looming threat of the abolition of Section 21 is already impacting the rental market, a legal firm is warning.  Dutton Gregory’s...

21 July 2023

From: Breaking News

Cannabis Farms - agents asked to smoke out culprits

Five regional police and crime commissioners have written to letting agents highlighting the problems of cannabis farms in private rental properties.  The...

21 July 2023

From: Breaking News

Average asking rents hit ANOTHER new high - Rightmove

Average asking rents for new tenants outside of London reach another new record this quarter of £1,231 per calendar month. That’s the...

21 July 2023

From: Breaking News

Agency celebrates quartet of qualified staff and ARLA members

Newcastle-based lettings agency Seekers has successfully qualified a further four members of staff and funded their membership of ARLA Propertymark. The four...

21 July 2023

From: Breaking News

Stock Drought - more evidence of shocking under-supply

A study by consumer intelligence service TwentyCi shows a continued severe under-supply of properties in the private rental sector.  It says that...

21 July 2023

From: Breaking News

High profile agency completes third acquisition of 2023

London-focussed lettings and sales agency Chestertons has announced its second acquisition in six weeks and third of the year, having snapped...

20 July 2023

From: Breaking News

Another interest rate rise likely - but might it be the last for now?

Most economic and housing analysts believe another base rate rise is on the cards for next month - but the sharp...

20 July 2023

From: Breaking News

Help Us! Dramatic plea from ARLA agents' boss to government

The latest market snapshot from ARLA Propertymark shows a familiar story for the lettings sector.  It says that in June the number...

20 July 2023

From: Breaking News

Strict Airbnb controls still on the agenda says politician

The Scottish Government does not intend to abandon its licensing scheme for Airbnbs and other short term lets, nor to delay...

20 July 2023

From: Breaking News

Spare Room sector remains tiny niche market - new figures

A new study claims to reveal what it calls “a significant disparity in the spare room rental market.”  The research shows that...

20 July 2023

From: Breaking News

Buy To Let mortgages worst hit by rate rises - new figures

Buy to let mortgages have seen the largest interest rate increase of any mortgage category according to new research. Barrows and Forrester...

19 July 2023

From: Breaking News

Fines for agents rise rise steeply as AML clampdown kicks in

The average Anti-Money Laundering fine issued to estate agents for non-compliance in 2022-23 is almost half as large again as in...

19 July 2023

From: Breaking News

Bank joins Shelter for Parliament stunt about Renters Reform Bill

The Co-Op Bank is joining forces with campaigning charity Shelter to argue against Section 21 evictions, and together they have organised...

19 July 2023

From: Breaking News

Threat of pets in lets shows need for inventories - claim

The increasing likelihood that the private rental sector will be obliged to allow more pets into lets simply demonstrates the need...

19 July 2023

From: Breaking News

Massive drop in lettings supply creates new rent rise record

The average rent on a newly let property in Britain rose to £1,273 pcm in June, a new record according to...

19 July 2023

From: Breaking News

Lettings law firm set up by well known industry suppliers

A trio of rent guarantee and referencing services are setting up their own law firm pitched at winning clients from the...

18 July 2023

From: Breaking News

Big rise in affluent tenants needing to provide guarantors

Increasing numbers of relatively well-paid tenants are being asked to provide a guarantor. That’s the view of PropTech firm Goodlord which says...

18 July 2023

From: Breaking News

Opinion: What price and salary structure is best for our industry?

Finances have never been more stretched in the UK, with almost every bill and expense soaring for employees and employers alike,...

18 July 2023

From: Breaking News

Rebranded Knight Frank team launch new lettings service

Yorkshire estate agency North Residential - led by ex-Knight Frank staff - has launched a new premium lettings service. A statement from...

18 July 2023

From: Breaking News

Game, Set and Coaching - Agency guru’s link with Roger Federer

Property Academy guru Peter Knight has made an unusual revelation in a new podcast - he’s told of his link to...

18 July 2023

From: Breaking News

Agency outraged at latest business rates proposal by government

Colliers, the agency and property consultancy, has issued another outspoken attack on government policy - this time prompted by a formal...

17 July 2023

From: Breaking News

Propertymark’s plan to curb economic crime in our industry

Propertymark has put forward a six-point plan to slash economic crime in the property sector. The trade body says a series of...

17 July 2023

From: Breaking News

Dramatic increase in pension-age renters coming soon

After a decade of steady growth, the number of older renters is poised to increase rapidly over the next 10 years...

17 July 2023

From: Breaking News

Busy summer lettings season kicks off - soaring agency figures

Latest data from London-focussed lettings agency Chestertons confirms that the traditionally busy ‘summer season’ has kicked off. In June some 19 per...

17 July 2023

From: Breaking News

Crackdown on HMOs across large London borough

Buy to let investors who want to convert family homes into HMOs in Hounslow for three to six tenants will now...

17 July 2023

From: Breaking News

Agents told to lobby MPs over Renters Reform Bill

It appears almost certain that the Second Reading of the Renters Reform Bill - expected some weeks ago - will not...

14 July 2023

From: Breaking News

Shocking rise in numbers of landlords desperate to sell

A sales agency specialising in disposing of buy to let portfolios says it’s now received an averaged 240 enquires a month...

14 July 2023

From: Breaking News

Anti-Social Behaviour definition to widen to help agents, landlords

It appears that a “wider range of behaviours” are likely to be taken into account in future when tenants are considered...

14 July 2023

From: Breaking News

Figures lift lid on growing foreign investment in UK property

A lettings agency claims foreign homeowners are sitting on £84.2 billion worth of property across England and Wales - but with...

14 July 2023

From: Breaking News

Virtual auctions rule the roost as pandemic trend now permanent

The vast majority of auctions - widely regarded as a favourite for buy to let investors acquiring properties - are now...

14 July 2023

From: Breaking News

Lettings chief says market isn’t working “for anyone”

Rents continue to soar across the UK according to data released by flatshare website SpareRoom.  It says average UK room rents were...

13 July 2023

From: Breaking News

Letting agent hit with five figure fine for breaching HMO conditions

A landlord who is also the owner of a High Street lettings agency has been fined £17,293 for breaching housing licence...

13 July 2023

From: Breaking News

Shock at size of fall in landlord instructions

The results of the latest RICS UK Residential Survey, out today, point to a renewed worry about the housing market. The survey...

13 July 2023

From: Breaking News

Lettings the only bright spot as agency chain issues profits warning

The directors of Winkworth are warning shareholders of a challenging period thanks to higher and faster-raising interest rates - with only...

13 July 2023

From: Breaking News

Another industry survey launched by PropTech supplier

PropTech firm Goodlord and its Vouch brand are again holding a so-called State of the Lettings Industry survey.   It’s now in...

13 July 2023

From: Breaking News

Call for buy to let mortgage rules to be relaxed during crisis

A property industry commentator wants buy to let mortgage rules to be relaxed so that frustrated sellers can let out their...

12 July 2023

From: Breaking News

New London office for agency with 4,800 units under management

A new office in the London suburb of North Acton has been announced by the LIFE Residential agency. The firm already has...

12 July 2023

From: Breaking News

Property company boss hit by big fine six years after offences

A property firm which admitted misleading tenants on their rights and threatening them to leave has been ordered to pay £8,000. Four...

12 July 2023

From: Breaking News

Holiday Homes - here’s where they are and what they’re worth

New research reveals that there is an estimated £21.4 billion worth of holiday homes in England and Wales with the South...

12 July 2023

From: Breaking News

Agency and council work together on unlikely safety campaign

After numerous stories of councils and letting agencies at each others’ throats over To Let boards, Trading Standards and other controversies,...

12 July 2023

From: Breaking News

Rent Controls backfire - Propertymark speaks out

Propertymark has given details of how it believes the Scottish Government rent control system has backfired and works against the interests...

11 July 2023

From: Breaking News

Rebranded agency launches all-inclusive tenancy deal

My Property Box Tyne & Wear has extended its all-inclusive rent deal - and it says it’s in response to concerns...

11 July 2023

From: Breaking News

Alto unveils ‘much requested’ PropTech integration

Zoopla’s Alto cloud-based software has announced a new integration with lettings PropTech supplier Canopy. This will enable tenant referencing to be permitted...

11 July 2023

From: Breaking News

OnTheMarket warns on downside of frantic lets market

OnTheMarket says the frantic lettings market of the past year or more is bad news for agents. In a trading statement to...

11 July 2023

From: Breaking News

Prime London rental growth starts to slow - Savills

Prime London’s rental growth has started to slow on an annual basis, according to the latest Savills prime lettings index. But the...

11 July 2023

From: Breaking News

Strict Airbnb regulation gets a massive thumbs-down

An attempt to introducing statutory licensing for Airbnbs and some other tourist accommodation has got a frosty reception. The Welsh Government -...

10 July 2023

From: Breaking News

Ethical lettings agency reveals new website

Clyde Valley Lets - which describes itself as an ethical lettings agency - has unveiled a new website as the organisation...

10 July 2023

From: Breaking News

Renters Reform Bill to be discussed by MPs this afternoon

The Renters Reform Bill is being discussed by MPs this afternoon - although not as part of its long-running passage through...

10 July 2023

From: Breaking News

Property company boss “threatening tenants to leave”

A property company director who admitted misleading tenants on their rights and threatening them to leave has been ordered to pay...

10 July 2023

From: Breaking News

Auction buyers stay away as interest rate woe hits

The auction - often seen as an ideal opportunity for investment buyers - is going through a torrid time in the...

10 July 2023

From: Breaking News

Show Green! Tenants want agents to display eco-credentials

Tenants want letting agents, landlords and other property industry figures to more openly demonstrate their green credentials. That’s the message from a...

07 July 2023

From: Breaking News

Agents demand government clarity to combat Anti-Social Behaviour

Propertymark is supporting a new Anti Social Behaviour Awareness campaign, calling for greater clarity from government on how agents and landlords...

07 July 2023

From: Breaking News

Public want more tax on Airbnbs and higher private rental standards

A mortgage lender has conducted a survey of homeowners which has produced a string of anti-landlord and anti-overseas investor attitudes. Market Financial...

07 July 2023

From: Breaking News

Renters Reform Bill - would a General Election make it or break it?

The head of a consultancy that handles lettings agency acquisition has given her views on what a General Election might mean...

07 July 2023

From: Breaking News

Agency’s shock figures over collapsing sales market

A prominent lettings and sales agency says there’s been a dramatic 54 per cent slump in sales this year.  Research from Barrows...

07 July 2023

From: Breaking News

Renters Reform Bill measures may be extended - BBC report

The BBC says discussions are underway to extend the Renters Reform Bill to specifically outlaw any rental listing banning families and benefit recipients...

06 July 2023

From: Breaking News

‘Bad to disastrous’ - sharp fall in private rental listings

New research shows a 41 per cent reduction in the number of London properties available for private rent since the Covid-19...

06 July 2023

From: Breaking News

Root and branch HMO crackdown on the agenda for council

A new action plan to tackle issues around HMOs is being drawn up by a Midlands council next week. West Northamptonshire council’s...

06 July 2023

From: Breaking News

Tenancy renewals shoot up as renters delay decisions to buy

A lettings agency dealing primarily with Prime Central London is reporting that tenancy renewal volumes are shooting upwards as renters stay...

06 July 2023

From: Breaking News

Training guru takes over two franchise agency branches

Martin & Co’s Sheffield and Worksop branches are under new ownership, with training guru Dean Gill taking the reins. He succeeds previous...

06 July 2023

From: Breaking News

Fresh figures quantify excess of demand over supply

The latest market snapshot from Propertymark shows that once again the lettings sector is dominated by demand outstripping supply. Using data from...

06 July 2023

From: Breaking News

Tax Loopholes - government slammed over additional properties

A long-standing and respected property firm has slammed the government for presiding over the “mess” of taxes applied to holiday lets...

05 July 2023

From: Breaking News

Agents hit with record licensing fines says PropTech firm

London letting agents and landlords have so far been hit with more than £900,000 in fines in the first half of...

05 July 2023

From: Breaking News

Independent agency snapped up to create total of 40 offices

An independent agency with a lettings portfolio of 400 units has been snapped up by franchise holders in the Newton Fallowell...

05 July 2023

From: Breaking News

Senior industry figure warns rental market “unstable” for all

The chief executive of a respected industry supplier is warning that the lack of supply is making the rental sector “more...

05 July 2023

From: Breaking News

Pets and Kids Not Welcome? New analysis of rental listings

Thousands of listing for rental properties on two popular websites explicitly say children or pets are not welcome. A BBC analysis of...

05 July 2023

From: Breaking News

John Lewis pushes into private rental market with 800 homes

John Lewis is pushing ahead with its commitment to build and manage rental homes as part of a drive which it...

04 July 2023

From: Breaking News

Countrywide veteran takes senior Connells lettings post

Connells Group - which at 150,000 tenancies under management claims to be the UK’s largest lettings business - has announced a...

04 July 2023

From: Breaking News

Values plummet in Canary Wharf as fears grow for rental sector

Canary Wharf was once seen as the future of London - now it’s the location that’s seen the greatest loss in...

04 July 2023

From: Breaking News

Propertymark reveals new ARLA leader and other top table names

Propertymark has revealed its latest top table of elected and unelected spokespeople forming its new leadership team. The new chair of the...

04 July 2023

From: Breaking News

Agency claims  record rental figure for seven bedroom mansion

An agency is claiming a record for the sum at which it is letting a seven bedroom property in north London. Aston...

04 July 2023

From: Breaking News

Sex For Rent Scandal - letting agents accused by activists

The issue of ‘rent for sex’ - tenants offered free or discounted rent in return for sexual favours - is now...

03 July 2023

From: Breaking News

Agents' Teach-In Month - Webinars begin tomorrow

Tomorrow sees the start of a month of webinars hosted by Rightmove to help agents understand compliance changes and how they...

03 July 2023

From: Breaking News

PropTech Bonanza as new lettings integrations announced today

Proptech firm The Lettings Hub has launched a trio of integrations - with Reapit, Home Telecom, and Live Chat software Tawk. Reapit...

03 July 2023

From: Breaking News

Deposit Alternative service announces major new partnership

Deposit alternative service flatfair has announced that its the first to integrate with The DPS. The integration will mean flatfair can offer...

03 July 2023

From: Breaking News

Agents Tell Government: boost help for increasingly poor tenants

Propertymark has set out the case for an increase in benefits for private tenants. Timothy Douglas, Propertymark's Head of Policy and Campaigns...

03 July 2023

From: Breaking News

Cost of compliance with new EPC rules will be huge

A new assessment of the average cost to a UK property owner of improving their EPC rating suggests it’s soared to...

30 June 2023

From: Breaking News

Rents spike and voids plummet in fast and furious market

The cost of rent rose in seven of the eight regions monitored by Goodlord during June.  The average cost of rent per...

30 June 2023

From: Breaking News

Renters Reform Bill on agenda at flagship agent training event

Details have emerged of a flagship agent training event to be held later this year. Agent Rainmaker Live is to be a...

30 June 2023

From: Breaking News

New faces take over veteran rentals franchise branch

One of the country’s first Belvoir branch franchises has changed hands after approaching three decades.  The resale of Belvoir Lincoln, one of...

30 June 2023

From: Breaking News

Prime Central London rental supply improving at last - agency

The story of low supply in the prime London lettings market appears to be coming to an end, says Knight Frank. The...

30 June 2023

From: Breaking News

HMRC ready to pounce on agents, claims ex-police AML expert

Anti-money laundering consultancy FCS Compliance has announced its latest Webinar for agents using Rightmove. And with it comes a warning that the...

29 June 2023

From: Breaking News

Labour turning its back on rent controls once and for all

It looks as if the Labour Party is turning its back on rent controls on England and Wales. In the past year...

29 June 2023

From: Breaking News

Jackson-Stops opens new branch and bats away market worries

Jackson-Stops has announced the opening of its newest branch in Colchester, Essex.  This follows the launch of its virtual office covering Stockbridge,...

29 June 2023

From: Breaking News

Rebrand for long-standing PropTech lettings sector provider

Utility management service Helpthemove has rebranded. The refresh, which has been produced alongside creative agency partner Jam, aims - in the words...

29 June 2023

From: Breaking News

Family agency scoops major award for second year in a row

A family business has been named Residential Letting Team of the Year for the second time. The small At Home In Edinburgh...

29 June 2023

From: Breaking News

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