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Insights - Industry comment
Survey Reveals the Current Mood of the Private Rented Sector
A recent survey of over 14,000 landlords, tenants and letting agents, conducted by deposit protection service mydeposits and deposit replacement membership Ome, has revealed some interesting insights into the current mood of the private rented sector.
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End of Furlough Warning for Landlords – Time to Guarantee Rent?
A leading lettings industry figure has warned landlords that, as the government’s furlough scheme is set to draw to a close in just a few weeks’ time, considering some form of rent guarantee insurance should feature as a priority if they want to plan ahead and avoid financial voids where tenants suddenly become unable to cover their rental payments.
Energy Efficiency Regulations: Changes on the Horizon
Since 1 April 2020, it has been law for landlords to ensure all their privately rented properties reach a minimum E-rating for energy performance. This includes all new and existing tenancies. Measures are now being put in place to enforce compliance, and plans are afoot to increase the rating requirement from ‘E’ to ‘C’ for all new tenancies from 2025 and all existing tenancies from 2028.
How COVID-19 has Impacted Landlord Confidence in the UK
A recent survey by the National Residential Landlords Association (NRLA) has revealed that almost two thirds of private landlords in England and Wales are expecting their rental businesses to be impacted in a negative way due to the COVID-19 pandemic. As a result, there is a call for the Government to help sustain tenancies by providing the finances needed to pay off COVID related arrears. Alternative suggestions are being made to help bring things back on track, and guaranteed rent for landlords could be one key idea.
Lockdown Latest: Rental Market Open for Business
Housing secretary Robert Jenrick has announced that the rental market in England will stay open during the new four-week lockdown starting 5th November. Renters remain able to move, letting agents and removal firms can continue to do their jobs, and property maintenance and repair contractors, cleaners and inventory clerks can enter properties, providing they adhere to COVID-secure guidelines.
What Landlords Need to Know About Current Eviction Rules
The national ban on residential evictions that ran for six months until 20th September, followed by the introduction of new six month notice periods for evictions which will be in place until at least the end of March 2021, have put additional pressure on landlords already facing tough times during the pandemic. So what can landlords do to find their way through these challenging times?
Interest Rates: Are They About to Go Up or Go Down Further?
One of the biggest questions on everyone’s minds at the moment, and a key marker in the property industry, is what is going to happen to interest rates. Here we are taking a look at the steps buy to let investors may consider taking in light of the current interest rate situation, and also examining what might happen to interest rates over the coming months.
What Happens When the Croydon Selective Licensing Expires in October 2020?
The current selective licensing scheme that applies to privately rented properties in Croydon is set to come to an end on 30 September 2020. The question for landlords Croydon wide is, what happens next?
How Buy-to-Let will be Impacted by a Shrinking Economy
Landlord, letting agent or estate agency, the COVID-19 crisis will have affected you in some way. For some, the effects will have been considerable, with the financial fallout of the pandemic at the heart of the problem. But does it have to be a problem? To what extent will buy to let actually be impacted by a shrinking economy?
