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Good news on Inflation expected this week

Inflation is expected to drop sharply in the April figures due out this week. The Office for Budget Responsibility and Bank of...

20 May 2024

From: Breaking News

Under half of homes listed to let are actually available - industry figure’s claim

A controversial rental sector figure claims over half of the properties listed to let are actually available for a tenant to...

29 April 2024

From: Breaking News

Looking for a client account? Five steps to better lettings banking

You don’t have to simply accept things as they are when it comes to managing your client accounts. If your bank...

19 April 2024

From: Sponsored Content

Give tax perks to renters to help them buy, urges think-tank

A think tank is urging the UK government to consider tax perks for private renters to help them save faster for...

20 March 2024

From: Breaking News

Crunch Week ahead for interest rates and inflation

Latest inflation figures are announced on Wednesday and the Bank of England makes its next base rate decision on Thursday. The Office...

15 March 2024

From: Breaking News

Banks Closing Pooled Client Accounts - agents urge government action

Propertymark is urging the government to tackle the problem of banks closing down undesignated or pooled client accounts of letting agents. HM...

13 March 2024

From: Breaking News

New Banking Scandal as thousands of agency accounts are closed

A Parliamentary committee has heard that thousands of small and medium-sized letting agencies were debanked in 2023, with financial institutions forcibly...

11 March 2024

From: Breaking News

London still attracts rental investors despite 'disjointed' market

A prominent property expert who runs a buying and property management service for high end clients says London still attracts international...

01 March 2024

From: Breaking News

Letting agents demand mortgage lenders cut rates to help market

The letting agents’ trade body Propertymark has made the unexpected move of calling on banks to cut mortgage rates. Rates are typically...

01 March 2024

From: Breaking News

Final 48 hours for Property Awards nominations

Property professionals have less than 48 hours to submit entries for the Midlands PROPs Awards.  The search for the very best of...

28 February 2024

From: Breaking News

Beware 1% Deposits - Knight Frank lays into government

Knight Frank has taken the unusual step of suggesting a government proposal for the housing market is high-risk and could even...

23 February 2024

From: Breaking News

One in nine renters using foodbanks - industry supplier’s claim

A lettings industry supplier claims one in nine renters use foodbanks. A survey of tenants, commissioned by Zero Deposit, found that just...

22 February 2024

From: Breaking News

Rental scams could soar as AI spreads, warns industry figure

A prominent industry expert says lettings agents and other property sector insiders should be extra-vigilant over cybersecurity breaches. Neil Cobbold, managing director...

12 February 2024

From: Breaking News

Union slams Bank decision as workers face high rents

A trades union has slammed the Bank of England over its decision to keep base rate at 5.25 per cent, saying...

02 February 2024

From: Breaking News

Row over government bid to turn renters into first time buyers

Controversy surrounds a government idea - floated over the weekend - to allow renters to secure mortgages with just one per...

22 January 2024

From: Breaking News

Tenants flee cities as high rents push them to outer areas

A severe shortage of properties to rent, fierce competition to secure the homes that are available, and rising rental prices led...

11 January 2024

From: Breaking News

North-focussed lettings agency reveals new London base

The Leeds- and Manchester-based North Property Group is opening a base in London.  NPG was founded by Oli Banks and Tim Coen...

05 January 2024

From: Breaking News

Politicians demand Christmas ban on Section 21 evictions

The Liberal Democrats have called on the government to bring in an emergency ban on no fault evictions and banks repossessing people’s homes...

21 December 2023

From: Breaking News

Expensive rental eco-heat scheme needs rethink - top agent

A consultation to introduce boilers into homes and the private rented sector needs ‘more carrot than stick’ according to a prominent...

07 December 2023

From: Breaking News

Hundreds of objections to large Build To Rent development

Another large Build To Rent scheme is in the offing, this time in Devon’s capital city, Exeter. Plans to build 246 BTR...

30 November 2023

From: Breaking News

New tenant referencing service claims to revolutionise industry

HomeLet claims its new VISTA service will revolutionise the lettings industry by eliminating fraud through the use of detection technology and...

06 November 2023

From: Breaking News

Client money accounting made easy with PayProp

A client account is essential to your lettings business, but the rules and regulations you need to follow to keep this...

26 October 2023

From: Sponsored Content

Government may change rules governing Pooled Client Accounts

A government minister has pledged to act on the threat to lettings agents posed by banks acting against pooled client accounts. Many...

20 October 2023

From: Breaking News

Rate Rise Fears return after “bad news” inflation figure

There are growing fears of yet another Bank of England base rate rise next month following the surprise inflation figure released...

19 October 2023

From: Breaking News

Pooled Client Accounts - Government admits problem with banks

It looks as if the government is accepting that there is a problem with how banks treat Pooled Client Accounts -...

09 October 2023

From: Breaking News

“Heavy Handed Banks” slammed for pooled client account crisis

Propertymark has responded to an HM Treasury consultation on anti-money laundering processes - and in doing so it’s slammed “heavy handed...

28 September 2023

From: Breaking News

Resilient business model is key to agency group’s ongoing success

The apparent rise and rise of Belvoir Group is down to its resilient business model and the entrepreneurs who run its...

05 September 2023

From: Breaking News

Client Account Closures - another lettings body demands action

A second lettings sector body is demanding government action over the problem of client account closures. Accreditation service Safeagent says the government...

09 August 2023

From: Breaking News

Client Account Closures - Chancellor urged to stop banking madness

The Chancellor, Jeremy Hunt, is being urged to act now to stop the problems banks are creating for letting agents. Following a...

08 August 2023

From: Breaking News

Mortgage Mayhem: will six months breathing space stop housing crash?

Concern remains that the mayhem surrounding the mortgage market may yet trigger a housing market crash. At the start of the weekend...

26 June 2023

From: Breaking News

Interest Rates - Bank of England reveals latest decision

The Bank of England has announced its latest decision on base rate. This has been increased by 0.25 per cent to 4.5...

11 May 2023

From: Breaking News

PropTech may help agents overcome client account crisis - claim

The Guild of Property Professionals says PropTech may be the answer to the ongoing problem with client accounts. Since 2019 many banks...

28 April 2023

From: Breaking News

Woke or Worthy? Agency celebrates Earth Day

Lettings agency Hamptons is backing Earth Day tomorrow in partnership with removals firm Doree Bonner International and the charity Mind. As part...

21 April 2023

From: Breaking News

Funding exists for agency takeovers despite soaring rates - claim

A consultancy that handles lettings agency acquisition says funding options exist for companies wishing to buy others, despite rising interest rates. Lucy...

14 April 2023

From: Breaking News

Shawbrook becomes bigger player in buy to let mortgage market

Shawbrook is becoming a bigger player in the buy to let lending market following the acquisition of specialist lender Bluestone Mortgages. Launched...

21 March 2023

From: Breaking News

Letting agents don’t get into the business to be accountants! The solution is simple

The Letting Partnership has been helping UK agents build successful lettings businesses since 2006. Despite the current challenging financial landscape, The Letting...

10 February 2023

From: Sponsored Content

Hundreds of agency branches to be Food Bank donation centres

Agency giant Leaders Romans Group has launched a nationwide partnership with the Trussell Trust, which operates many of the country’s food...

07 February 2023

From: Breaking News

‘No Airbnb’ - flats win planning consent but short lets are banned

A new block of apartments on the banks of a photogenic canal has been given the planning green light - but...

03 February 2023

From: Breaking News

Interest Rates: Bank of England announces latest decision

The Bank of England has increased base rate to 4.0 per cent - its 10th rate rise in a row. Nathan Emerson,...

02 February 2023

From: Breaking News

Crystal Balls? Solicitor predicts five trends for buy to let in 2023

A prominent legal firm has given its view on the five key trends facing the private rental sector in 2023. These come...

27 January 2023

From: Breaking News

Pooled Client Accounts - banks accused of making mistakes

Propertymark says banks are still misinterpreting Anti-Money Laundering rules regarding pooled client accounts, making life difficult for letting agents.  The trade body...

12 January 2023

From: Breaking News

Banks are closing their doors to Letting Agents

UK banks are closing client accounts held by established letting agents and refusing to open accounts for new businesses. The Problem A growing...

19 December 2022

From: Sponsored Content

Agencies with banking disputes have three months to act

Small and medium sized lettings agencies which have had running disputes with banks are being offered a lifeline - but must...

21 November 2022

From: Breaking News

Help Us! Government team seeks rent data from agents and landlords

The Valuation Office Agency, which compiles information on rents as part of its lettings market overview, is asking for help from...

17 November 2022

From: Breaking News

Down They Go - House prices to drop to mid-2021 levels says agency

Knight Frank says it expects house prices to drop in the coming year - but only to those levels seen in...

31 October 2022

From: Breaking News

Arrears likely to rise as debt intensifies - Bank of England

The Bank of England is warning that many households will struggle to meet their rent or mortgage commitments if interest rates...

14 October 2022

From: Breaking News

Foxtons banks on new boss to return to past glories

Foxtons has issued a welcome statement to its new chief executive as it seeks to return to past glories. Guy Gittins -...

06 September 2022

From: Breaking News

Guide for agents on how to spot fraudster tenant applicants

An analysis from PropTech firm Goodlord claims that agents and landlords would have lost a combined £1m over the last year...

12 August 2022

From: Breaking News

Agencies have six months left to register banking complaints

Many agencies have long-standing and unresolved banking complaints, for example regarding client accounts: now it’s been declared they have only six...

12 August 2022

From: Breaking News

Agency’s new branded debit card gives ForEx perks

Knight Frank is offering its 2,200 UK staff a company-branded debit card which allows them to buy cheap foreign currency. Currensea’s card,...

06 July 2022

From: Breaking News

Credit Rating - Tenants have little understanding of how it works

Many private renters are misguided on what actually contributes to their credit score and thus may not be taking the correct...

24 May 2022

From: Breaking News

Shock figures on banks’ client accounts services to agencies

Shocking figures have emerged regarding the long-running problems caused by banks demanding that agencies have a designated client account for each...

06 May 2022

From: Breaking News

Supplier claims to conquer banks’ designated accounts problem

A PropTech supplier says it’s created a solution to letting agents and landlords who must remain compliant and who want to...

28 April 2022

From: Breaking News

PropTech pledge to agents - this platform is the alternative to a bank

LettsPay, an automated service aiming to simplify the reconciling of tenant rental payments, has won investment from the nurtur.group - the...

21 April 2022

From: Breaking News

Sarah Davies, Commercial Director at The Letting Partnership

Who are you and what does it say on your business card? Sarah Davies, Commercial Director at The Letting Partnership What is The...

21 March 2022

From: 60 Second Interview

Agents - are you having problems with banks and client accounts?

PropTech supplier Agent OS is running a survey of letting agents about the vexed subject of specialist client accounts. AgentOS says it’s...

07 March 2022

From: Breaking News

PropTech firm launches new products claiming to combat rental fraud

PropTech company Homeppl has launched two products that it calls “revolutionary fraud detection tools” for letting agents. One of the two technologies...

10 February 2022

From: Breaking News

Massive private rental company set for auction - media report

One of Britain’s largest property companies may be sold in one of Britain’s biggest private equity deals. Sky News reports that Terra Firma...

04 January 2022

From: Breaking News

PropTech: could open banking help the lettings industry?

A PropTech firm says Open Banking could help to transform the lettings industry for the better if it is fully embraced.  And...

17 November 2021

From: Breaking News

Opinion - what does Lloyds’ entry into the private rented sector reveal?

An investment firm has flagged up the recently announced move by banking giant Lloyds to enter the private rented sector as...

23 September 2021

From: Breaking News

Warning to John Lewis - rental homes could destroy your reputation

Supermarket chains like John Lewis and banks like Lloyds - both entering the private rental sector as large scale landlords -...

14 July 2021

From: Breaking News

Client Money Protection bank deadline nears, agents warned

Letting agents have only 10 days to open segregated client accounts or they could face being expelled by their client money...

22 March 2021

From: Breaking News

It’s Time To Talk About PropTech

Real estate as an industry has remained unchallenged throughout all of these years. For the industry worth more than 217 trillion...

19 March 2021

From: Sponsored Content

Stamp Duty surge in house prices means more tenants keep renting

Research by Hamptons suggests that the increased house prices caused by the stamp duty holiday sales surge has indirectly obliged more...

15 March 2021

From: Breaking News

Tenant referencing service links with anti-money laundering consultancy

A tenant referencing service and lettings insurance provider is linking with an anti-money laundering compliance consultancy. HomeLet and Let Alliance, part of...

15 February 2021

From: Breaking News

Agencies should review banking and payments - PropTech chief

Letting agencies should review banking and payment systems in the light of rule changes and the ongoing challenge of the pandemic. This advice...

20 November 2020

From: Breaking News

How can Open Banking benefit landlords and letting agents?

Letting agents and landlords have faced huge change and uncertainty this year, with Covid-19 the major driver. But even before the...

05 November 2020

From: Proptech & Innovation

Renting off the hook? Government intervention shifts to ownership

Government intervention, which in recent years has seen scores of legal and regulatory changes to the private rental sector, may be...

05 October 2020

From: Breaking News

Banks Red Tape: Breakthrough for agents on Pooled Client Accounts

ARLA Propertymark says there has been a breakthrough on the banking clampdown on pooled client accounts - a pain in the...

10 September 2020

From: Breaking News

Suspend all rents now, says union- and council-funded think tank

A foundation which receives substantial funding from trade unions and a charity linked to the Nationwide is calling for rents to...

15 May 2020

From: Breaking News

Agency warns landlord clients over virus mortgage holidays

One of London’s largest lettings agencies is warning its landlord clients to only use mortgage payment holidays offered by lenders as a...

22 April 2020

From: Breaking News

London agencies digging deep and leafletting to help the community

When it comes to good works, one frequently-featured agency is Chestertons in London - and again it’s come up trumps during...

01 April 2020

From: Breaking News

One in 10 private tenants use overdrafts to fund rent - claim

The parlous state of many tenants’ personal finances has been highlighted by website CompareTheMarket which claims that one in 10 rely...

09 March 2020

From: Breaking News

SUCCESS STORY: How to win at Financial Services

When Wolverhampton estate agency Thomas Harvey opened its doors more than 50 years ago, mortgages weren’t really part of the equation...

28 February 2020

From: Sponsored Content

Buy to let lender welcomes some Labour plans for rental sector

Specialist buy to let mortgage lender Paragon has welcomed Labour's General Election pledge to force rental properties to undergo an annual...

28 November 2019

From: Breaking News

Open Banking allows deposit-free firm to screen overseas renters

Rental platform Canopy, which allows tenants to rent without a deposit, has announced a new partnership which will allow agents and...

08 October 2019

From: Breaking News

City centre office expansion for agency in buy to let hotspot

An agency that specialises in letting and managing properties in one of the country’s investment hotspots is expanding into a new...

27 September 2019

From: Breaking News

Professional client account solutions for modern letting agents

Professional client account solutions for modern letting agents Letting agents will need to come up with new ways to manage client money...

05 September 2019

From: Sponsored Content

Food banks HQ links with lettings group to combat Universal Credit arrears

The Trussell Trust, which coordinates the vast majority of the food banks around the UK, is working with the National Landlords...

29 August 2019

From: Breaking News

Bank client account changes: Agents urged to have a Plan B

A leading industry figure is calling on agents to have a Plan B ready if their bank closes undesignated client accounts.  This...

21 August 2019

From: Breaking News

Crisis for agents as banks set to insist on individual client accounts

Lloyds Bank appears to have contacted at least some of its letting agent clients to say that it is closing all...

08 August 2019

From: Breaking News

Trade association calls for government to halt PRS intervention

A trade association has called for a 'moratorium' on any further government intervention in the buy-to-let sector in order to stop...

09 July 2019

From: Breaking News

PropTech product claims breakthrough with same-day referencing

A PropTech product is claiming a breakthrough for letting agents who can now access same-day referencing on prospective tenants. LetAlliance claims that...

11 June 2019

From: Breaking News

The age of the silver landlord? Number of older BTL mortgage applicants rises

There was a notable increase in the number of older buy-to-let investors in 2018, according to Commercial Trust Limited. The specialist buy-to-let...

10 May 2019

From: Breaking News

Revealed: top 10 ‘most searched for’ rental hotspots in London

Agents and prospective buy to let investors keen to grab a slice of the capital’s growing lettings market now have a...

09 April 2019

From: Breaking News

Right To Rent breaches human rights, High Court rules

The High Court has ruled that the government’s Right to Rent scheme breaches human rights law. Under the Right to Rent landlords are...

01 March 2019

From: Breaking News

Anti-letting agents group stages more direct action protests

A pressure group that in the past has protested outside letting agency branches has staged more direct action - this time against...

26 November 2018

From: Breaking News

Rent payments and credit scores - new partnership to benefit renters

Rent recognition platform CreditLadder, which enables renters to add their payments to their credit history, has announced a partnership which aims...

05 September 2018

From: Breaking News

Not true! Agents reject claim of discriminating against benefit tenants

Lettings agents’ representatives have hit back at an accusation of discrimination made against the industry. A report by Shelter and the National...

22 August 2018

From: Breaking News

Agency closes, boss disappears, and thousands owed to clients

A regional newspaper claims that a lettings agency has collapsed, its boss has gone to ground, and thousands of pounds are...

18 June 2018

From: Breaking News

5 reasons landlords love PayProp

Your buy-to-let investment is an extremely valuable asset and you need to know the income generated from it will be safely...

05 March 2018

From: Sponsored Content

Agent launches petition to oppose credit/debit card surcharge ban

An agency operating in London and Essex has launched an online petition to oppose the ban on credit and debit card...

17 January 2018

From: Breaking News

Buy To Let mortgages could become more expensive soon - warning

The consumer organisation Which? is warning that buy to let mortgages could become more expensive in the near future. This is despite...

03 January 2018

From: Breaking News

Insurance specialist warns of fire dangers in student accommodation

A lettings insurance specialist company is warning that students moving into private rental accommodation may pose a greater-than-average risk of fire. Total...

09 October 2017

From: Breaking News

Mortgage boss warns some BTL applications 'could take three months'

The mortgage director of Romans, one of the country’s largest agency groups, says the new Bank of England rules being introduced...

29 September 2017

From: Breaking News

More backing for using rent payments to show mortgage eligibility

Specialist mortgage lender Together is the latest company to back the idea of rent payment records being used to measure the...

15 March 2017

From: Breaking News

Anger reported over buy to let lender's 'increase rents' demand

A trade magazine and a national newspaper are reporting anger amongst landlords, tenants and housing groups following the discovery of a...

02 February 2017

From: Breaking News

Bank of England quizzing lenders over buy to let stress tests

The Financial Times reports that the Bank of England is questioning buy to let mortgage lenders and banks as part of...

29 November 2016

From: Breaking News

Another warning of buy to let mortgage restrictions coming soon

There has been another high-level prediction that mortgage lending for buy to let investors is likely to be restricted further in the...

18 July 2016

From: Breaking News

Are 60 per cent buy to let deposits really on the cards?

Mortgage firms insisting on landlords proving their rental income could cover 145 per cent of their monthly payments could lead to...

05 July 2016

From: Breaking News

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