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WEB2 days ago · Featured Company Profiles. Estate Agent Today provides daily industry, Estate Agency, Property Market, Housing, Moving Home and Online Estate Agent News updates for the UK's letting agent community.
Tenants confusing up-front rent with deposits – agents asked to …
WEB2 days ago · A survey by the Deposit Protection Service has shown that six out of every 10 tenant respondents who have moved within the last year said they paid between two and three months’ rent upfront to secure their property. The survey of 2,210 renters also revealed that 8% had paid between four and six months’ rent upfront with 5% saying they’d ...
Will It Work? Mortgage change tries to turn renters into buyers
WEB5 days ago · The change means a first-time buyer couple with a joint income of £50,000 can now borrow up to £300,000 with Helping Hand, compared to c£225,000 without, an increase of £75,000, assuming a five per cent deposit and no other costs impact affordability. In further support to first-time buyers, Nationwide is also cutting mortgage rates.
Lettings market crisis laid bare by latest figures
WEBNew figures from property consultancy TwentyCi lay bare the challenges faced by the lettings sector. In the third quarter of 2022 new instructions and lets agreed were down by 25 and 19 per cent, respectively; and in contrast to the owner-occupied sector, there was a marked supply and availability issue, as some landlords withdrew from the market because of tax changes put in place in 2019 ...
London lettings market back with a bang, says leading agency
WEBIn January of last year, the average London rent was £1,627 per month but during the height of the pandemic, this plunged by 4.4 per cent to £1,556 in December. However, the latest data for July shows that London rental values have bounced back, up 2.4 per cent in the last month alone and are now 5.7 per cent higher than their December 2020 low.
Rents may have peaked - but that’s bad news, says P...
WEBThe chief executive of Propertymark says latest data from letting agents suggests rent rises may have peaked - but that could still spell bad news. Nathan Emerson says: “We are starting to seeing a decrease in demand, the knock on effect is that less agents are seeing rent rises. It’s possible that prices have peaked, and landlords are well ...
Growing lettings agency has plans to be biggest in the country
WEB3 days ago · Jeffrey Ross, a Cardiff independent lettings agency, has acquired Caerphilly-based Brinsons. This is the third acquisition for Jeffrey Ross in recent years, as it bought auctioneers Seel and Co in 2019 and Penarth-based ACJ Sales and Lettings in early 2023. Jeffrey Ross is a family business founded in 2008 from a small office in Cardiff.
Letting agents at risk over inventory inspections – warning
WEBLetting agents and landlords are failing to carry out property inventory inspections for three in 10 tenancies, research warns. Inventory Base surveyed almost 1,500 UK renters and found that 30% of tenants didn’t have an inventory performed before renting their current rental property and of this 30%, less than 9% arranged an inventory of ...
Agents worry over landlords quitting rental sector
WEBSome 2,600 agents, landlords and tenants were questioned and the results confirm recent trends in the rental world. The findings are split into various categories. 1. White Paper causing concern amongst agents and landlords. The rental reform White Paper in June gave the industry a much clearer picture on what legislation to expect over the ...
Agents accused of failing to communicate effectively with tenants
WEBA new survey of some 2,000 tenants claims to show a significant level of dissatisfaction over communications with letting agents. The study of over 2,000 UK-based tenants found that 31 per cent of those who tried to contact their letting agency with an out-of-hours emergency didn’t receive a prompt response – although the study does not define what ‘prompt’ means.
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