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KEYWORD "Losses" - 76 RESULTS
Demand slows as agents warn about unsustainable rent rises

The latest market report from Propertymark’s lettings agents suggests the demand is slowing. The latest data - for March - shows that...

03 May 2024

From: Breaking News

Tory says councils lose out by levying second home taxes

A politician is claiming that second home council tax premiums, where owners pay up to double the normal rate, is resulting...

01 May 2024

From: Breaking News

Average rent arrears climb as cost of living crisis bites

Average rent arrears claims climbed to £1,816 in the first quarter of this year. That’s a rise of 27% from £1,435 in...

17 April 2024

From: Breaking News

Foxtons To Be Sold? Media speculation grows

Lettings giant Foxtons has hired merger and acquisition bankers from Rothschild following pressure from shareholders to sell itself for £160m, the...

15 April 2024

From: Breaking News

British Homes for British Workers - Experts, activists unite in opposition

Seventeen housing organisations have sent an open letter to the government rejecting its idea of prioritising British families when it comes...

30 January 2024

From: Breaking News

Interest Rate optimism fuelled by surprise improvement in inflation

There’s growing optimism that tomorrow’s Bank of England monetary policy committee meeting will see base rate held for another month -...

01 November 2023

From: Breaking News

Fraud alert for fake properties issued by classified ad website

The classified ad website Gumtree is issuing an alert about what it claims is the growing threat of rental fraud. It says...

05 September 2023

From: Breaking News

Fake Agents and Landlords - renters face fraud threats online

New figures suggest soaring numbers of tenants are at risk from criminals taking advantage of the tough rental market. Scammers place fake...

22 August 2023

From: Breaking News

Banned! Fraudster lettings agent jailed and cannot be a director

Trading Standards has stopped a lettings agency owner from being a company director after he defrauded customers by over £80,000. Francis Smart,...

19 June 2023

From: Breaking News

Buying agent reports landlords willing to sell at a loss

Jo Eccles, director of London-focussed buying agency and property consultancy Eccord, says she is witnessing some landlords willing to quit the...

03 April 2023

From: Breaking News

Six agencies expelled by The Property Ombudsman

It’s been revealed that agents have been kicked out of The Property Ombudsman in recent months for failing to pay compensatory...

27 January 2023

From: Breaking News

Massive spike in tenant demand set to make rent levels still higher

Propertymark’s latest rental market snapshot shows that since February, the number of new tenants wanting to register on agents’ books has increased...

20 October 2022

From: Breaking News

The insider threat – 5 ways PayProp secures your letting agency

According to the Association of Certified Fraud Examiners, organisations worldwide lose $4.7 trillion to fraud each year, with real estate suffering...

30 September 2022

From: Sponsored Content

Fixed term tenancies MUST stay, industry tells government

A team of experts has released a report that responds to government reform plans - and it insists that if Section...

27 September 2022

From: Breaking News

Call for more due diligence after rogue letting agent jailed

Trading Standards is calling for more due diligence checks to be made following the jailing of a rogue letting agent for...

31 August 2022

From: Breaking News

Jailed! Another 34 months for agent already guilty of assault

A former lettings agent has been jailed for almost three years after admitting conning landlords out of over £80,000. The sentence for...

30 August 2022

From: Breaking News

Rent rises lag far behind inflation - new government figures

Rents have seen the highest jump since records began in 2016, according to the Office for National Statistics. It says UK-wide rents...

22 August 2022

From: Breaking News

Guilty letting agent who stole deposits now awaits sentence

A letting agent who stole over £80,000 from landlords is awaiting sentence. Frank Smart - owner of Smart Residential Letting Agents in...

15 August 2022

From: Breaking News

Purplebricks lettings division losses to be revealed next week

The financial fall out from Purplebricks’ disastrous lettings compliance crisis is likely to be revealed next week. The troubled agency says it...

26 July 2022

From: Breaking News

Property investment salesman predicts buy to let renaissance

The sales director of a property investment firm says high house prices, rising interest rates and the broader cost of living...

15 July 2022

From: Breaking News

PropTech firm warns agents of possible legal action over negligence

A rogue tenant occupying a property for up to nine months and refusing to pay rent could cost a combined £10,000...

11 July 2022

From: Breaking News

Rents roar ahead of pre-pandemic levels in prime areas

Rental growth continues to roar ahead across prime areas of London, according to Savills. Prime London rental values increased a further 3.3...

07 July 2022

From: Breaking News

London lettings market rapidly reversing losses of the Covid years

Rental portal Rentd says the pandemic-long decline in the London rental market is now “reversing at speed”. Rental values are climbing annually...

18 March 2022

From: Breaking News

Shelter says eviction surge justifies scrapping Section 21

Campaigning charity Shelter says new government figures reveal an increasing number of renters are facing eviction.  And it warns that more renters are...

11 February 2022

From: Breaking News

Tenant fraud surges massively in Build To Rent sector

The Build to Rent sector is being targeted by criminals with a 364 per cent rise in fraudulent tenant applications in...

26 October 2021

From: Breaking News

Why is tenancy fraud on the rise?

More and more people are committing tenancy fraud and it’s having a massive impact on the industryAs a lettings agency, you...

07 October 2021

From: Proptech & Innovation

Cut Us Some Slack! Politicians told to stop demonising letting agents

Propertymark is telling politicians to stop demonising letting agents and landlords. The unusualy bluntl message has come in response to the latest...

29 September 2021

From: Breaking News

Eviction Notice Rumpus - agents hint that politicians are out of touch

A statement from ARLA Propertymark has hinted that it believes politicians may be out of touch with the reality of how...

27 September 2021

From: Breaking News

Agents Beware - Rental fraud on the rise, alleges due diligence firm

There’s a new warning the rental fraud could be on the rise. Due diligence firm Homeppl says the combination of possible job...

23 July 2021

From: Breaking News

Private sector could benefit from letting to social tenants - claim

A property investment platform has taken the unusual approach of accusing the government of driving up homelessness through its policy of...

15 June 2021

From: Breaking News

Agents warned to prepare for glut of evictions when ban ends

An estimated 840,000 private tenants have arrears over the past year since the first eviction ban was announced, according to a...

29 March 2021

From: Breaking News

Pandemic hits student rental sector hard, new study confirms

The pandemic has had a major impact on the student rental market with landlords suffering significant losses of income. A new analysis...

19 March 2021

From: Breaking News

New mega-agency will manage over 70,000 tenanted properties

The takeover of Hunters by The Property Franchise Group means the combined operations will manage over 70,000 tenanted properties across the...

29 January 2021

From: Breaking News

Latest eviction ban - is it even legal?

A top property law firm is questioning whether the government’s current eviction moratorium - effectively banning evictions until mid-January at the...

10 November 2020

From: Breaking News

Rents to dip next year, warns leading lettings agency

Hamptons International has given a rental market forecast for 2021 - and it doesn’t make for happy reading. The agency says the rental...

28 September 2020

From: Breaking News

Sunak's schemes not enough to help rental sector - trade body

A leading trade body has broadly welcomed the Winter Economy Plan outlined by Chancellor Rishi Sunak yesterday, but says this still...

25 September 2020

From: Breaking News

It’s nonsense: Figures show eviction surge fear is unfounded

The largest survey yet conducted about rent payments during the pandemic shows the claims of pressure groups about widespread evictions are unfounded. Over...

12 August 2020

From: Breaking News

Coronavirus fall-out will slash rents by 5% or more - warning

There’s a warning this morning that the consequences of the Coronavirus crisis mean that rents will fall at least five per...

28 July 2020

From: Breaking News

Trouble ahead for student rental sector, say BTL experts

Buy to let landlords specialising in student accommodation are facing huge challenges with increased government legislation and the impact of Coronavirus. That’s...

14 July 2020

From: Breaking News

Labour’s rent holiday plan slammed as “unhelpful and very divisive”

Labour’s latest suggestion for the private rental sector - a rent holiday for tenants during the Coronavirus crisis - has been...

02 April 2020

From: Breaking News

Shares in top lettings agency plummet 50% in one month

Although the worst of the stock market bloodletting triggered by Coronavirus now appears to have gone, franchise agency group Belvoir has...

24 March 2020

From: Breaking News

Five year ban for rogue agent who used deposits to run business

An agent has been disqualified from managing companies for five years after she failed to safeguard £28,000 worth of tenants’ deposits...

12 February 2020

From: Breaking News

Agent censured as council audits other firms over rental deposits

A former letting agent has been censured over the handling of tenancy deposits following an investigation by a local council. Andrew Rhys...

10 February 2020

From: Breaking News

It’s War: Tories and lettings chiefs tear into Labour Right To Buy plans

There’s been a fierce outcry from Conservative MPs and the lettings industry in response to Labour’s threat to give private rental...

03 September 2019

From: Breaking News

Fees Ban Cash Crisis: letting agents expect to lose 30% of annual income

The first ‘state of the industry’ report on the lettings agency sector since the introduction of the fees ban suggests individual...

15 August 2019

From: Breaking News

Disaster for buy to let investors if Berlin-style rent freeze happens

New research shows that some buy to let investors in London could typically lose over £19,000 a year if Berlin-style rent...

19 June 2019

From: Breaking News

PropTech boss renews call for agents to offset Fees Ban through more IT

The head of an automated payment system for the rental sector says lettings agents can help offset losses caused by the...

03 June 2019

From: Breaking News

Proceeds of Crime Act to be used against jailed agents, council confirms

Cornwall council has confirmed that it’s to use the Proceeds of Crime Act to try to win compensation for victims of...

25 April 2019

From: Breaking News

PropTech should free agents to meet customers ‘not lead to fewer jobs’

Increased use of PropTech by lettings agencies should allow staff to be freed up to engage in all-important face-to-face contact with...

25 April 2019

From: Breaking News

Fees Ban: tenants with pets could see 4% rent rise, warns agent

The JLL lettings agency is warning that the five week deposit cap enshrined in the Tenant Fees Act is likely to...

19 March 2019

From: Breaking News

Incentives possible for private rental sector 'to house those most in need'

The private rental sector in Wales could be offered incentives and other support to house those most in need, the Welsh...

03 December 2018

From: Breaking News

Reform possession process as part of Housing Court idea - call

A call has been made for the government to review the section 8 possession process as part of its call for...

14 November 2018

From: Breaking News

More PropTech will help agents combat regulation changes, claims Fixflo

PropTech repairs service Fixflo has published its latest annual report on the industry, based on information from over 400 lettings professionals...

18 October 2018

From: Breaking News

Agent attacks lettings industry for 'immoral' and 'below the belt' fees

The head of the online lettings agency recently scooped up by Emoov says traditional lettings agents have made a rod for...

12 October 2018

From: Breaking News

Uproar after police say they're not investigating missing agent

There has been a furious response from landlords and tenants to a police letter which says a local force is not...

25 September 2018

From: Breaking News

Deposits chief hits back at consumer group's 'broken system' jibe

The chief executive of mydeposits has hit back at a Which? report calling for reform - or possibly even replacement -...

14 August 2018

From: Breaking News

Government probe into deposit-alternatives welcomed by campaigner

A prominent campaigner for alternatives to traditional rental sector deposits is welcoming the government’s commitment to consider the issue in the...

15 May 2018

From: Breaking News

Use technology to offset cost of fees ban, says PropTech chief

One of the PropTech companies at the centre of the Rent Recognition Challenge contest is calling on letting agents to use...

15 May 2018

From: Breaking News

Furious industry criticism as government reveals costs of ban on tenants’ fees

The industry has reacted angrily to the announcement yesterday that the Tenants’ Fees Bill is now formally starting its progress through...

03 May 2018

From: Breaking News

Stark warning that recent buy to let investors will face losses by 2021

Well over half of those investors who recently secured buy to let mortgages risk facing losses when mortgage interest tax changes...

26 January 2018

From: Breaking News

UKALA in deal to allow total loss client money protection through agents

The UK Association of Letting Agents has launched a deal with insurance firm Let Alliance to allow total loss client money...

12 January 2018

From: Breaking News

How Agents Can Recoup Losses from the Ban on Letting Agent Fees

According to recent government figures, the average letting agent’s fee is £223 and 4.3 million householders pay this amount or thereabouts...

14 September 2017

From: Sponsored Content

Fees ban: agents can offset losses by streamlining processes

Letting agents across the UK must prepare now for a ban on fees charged to tenants says a PropTech company -...

13 September 2017

From: Breaking News

MPs wary of 'unintended consequences' of fees ban

The majority of MPs speaking at a House of Commons debate yesterday acknowledged they are wary of the 'unintended consequences' of...

07 September 2017

From: Breaking News

Fees ban: agents urged to switch to custodial schemes to offset losses

Letting agents using insured deposit protection schemes have been urged to switch to a custodial model in order to compensate for...

05 September 2017

From: Breaking News

TDS to provide dispute resolution for deposit replacement company

The Dispute Service (TDS) has announced today that it will provide dispute resolution for a new deposit replacement company.  The 'long-term strategic...

04 September 2017

From: Breaking News

Academic alleges massive tax evasion across private rental sector

An economics academic says the country’s taxpayers should be “very angry” with the government for failing to collect taxes to which...

15 August 2017

From: Breaking News

Mydeposits launches sharp attack on 'no-deposit' alternatives

The head of the parent firm of mydeposits is warning tenants and landlords tempted to enter into new ‘no-deposit’ schemes to...

29 June 2017

From: Breaking News

Agents ask: Why did we even bother with fee ban consultation?

ARLA has led a call by many letting agents on hearing the Queen’s Speech - what was the point of a...

22 June 2017

From: Breaking News

Referencing firm to offer agents utility-management service

The Lettings Hub is broadening its offer to agents by launching a utility management service on top of its traditional referencing...

14 March 2017

From: Breaking News

Up to 70% of eviction notices could be defective claims law firm

A legal firm claims up to 70 per cent of eviction notices issued could be defective, leaving agents and landlords open...

18 October 2016

From: Breaking News

Agent who stole thousands from clients has sentence appeal dismissed

A letting agent who stole more than £400,000 from clients has had her sentence appeal dismissed by judges. Amy Williams, who part-owned Williams...

19 September 2016

From: Breaking News

David d'Orton-Gibson, Training for Professionals MD

Who are you? I am David d’Orton-Gibson What does it say on your business card? It says I am the Managing Director of an...

01 February 2016

From: 60 Second Interview

Not every country is cutting buy to let investors' tax breaks...

Thanks to Accountancy Age for drawing to our attention to the fact that not every country is tightening up on the tax...

04 November 2015

From: Breaking News

Restricting BTL mortgages will push up rents, warn lenders

Measures which discourage investment in the private rented sector can only push up rents and harm tenants more than landlords, a...

20 October 2015

From: Breaking News

Landlords may produce 'alternative' buy to let tax measures

The Residential Landlords Association has launched a new campaign ‘toolkit’ to enable opponents of the proposed buy to let tax changes...

10 August 2015

From: Breaking News

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