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No end in sight to supply drought in prime London

One of the high end lettings agencies dominating the prime London rental landscape says there’s no end in sight to the...

11 May 2023

From: Breaking News

Tenant demand now at all-time high, research shows

A survey of nearly 700 landlords by Paragon Bank found that 67 per cent experienced increased tenant demand during the first...

11 May 2023

From: Breaking News

Bank of England base rate to go up again - gloomy forecast by experts

Financial analysts are unanimously warning that Bank of England base rate will rise yet again tomorrow. If they are correct this will...

10 May 2023

From: Breaking News

Renters Reform Bill - just a delay or a major rethink?

The government has back-tracked on its decision to publish the long-awaited Renters Reform Bill this week. The Mirror newspaper reports that “procedural issues”...

10 May 2023

From: Breaking News

Buy To Let mortgage slump as less affluent landlords stay away

Just as transactions in the mainstream market ramp up for spring and summer, so enquiries about buy to let mortgages have...

10 May 2023

From: Breaking News

Purplebricks nears collapse as sale falters and money runs low

Purplebricks has given its most pessimistic trading update yet, admitting its effects to find a buyer are tanking and its financial...

10 May 2023

From: Breaking News

Third of tenants must borrow to raise rental deposits - survey

Nearly a third of tenants are borrowing money to fund a cash deposit, a survey claims. A poll of 1,000 current renters...

10 May 2023

From: Breaking News

Details emerge of 100% mortgage aimed at renters

Renters are being offered a 100 per cent mortgage by the Skipton Building Society - the first time such a product...

09 May 2023

From: Breaking News

Renters Reform Bill - everything we know so far

Housing Secretary Michael Gove says the long-awaited Renters Reform Bill, first promised in 2019, will finally be introduced into Parliament this...

09 May 2023

From: Breaking News

Build To Rent stalls - good news for buy to let agents and landlords?

The number of Build To Rent completions has fallen by 56 per cent in the past year, a decline being very...

09 May 2023

From: Breaking News

OnTheMarket says lettings agency deal means it’s “more than just a portal”

OnTheMarket has bagged Arun Estates, one of the UK's largest agency groups, in a deal involving the TecLet lettings platform. TecLet, an...

09 May 2023

From: Breaking News

Crap Choice? Gerald Ratner a key speaker at Propertymark event

A keynote speaker at the upcoming Propertymark One event is Gerald Ratner. In 1991 Ratner - then chief executive of a down...

09 May 2023

From: Breaking News

Airbnb cash gift for hosts welcoming Eurovision guests

Airbnb is offering a £50 travel voucher to any Liverpool household hosting their first Airbnb guest in a private room in...

05 May 2023

From: Breaking News

New agency structure will rival existing lettings franchise giants

LSL Property Services - owners of the Your Move and Reeds Rain brands - is to franchise its entire network of...

05 May 2023

From: Breaking News

Inventories to become key as fire rules tighten further - claim

A trade body says inventories are set to play an increasingly important role in the private rental sector as fire regulations...

05 May 2023

From: Breaking News

Rebranded agency says students now drive the lettings market

Investors looking to add to their portfolios in 2023 should be urged to consider student housing opportunities, according to a Newcastle...

05 May 2023

From: Breaking News

Propertymark gives green light to free Rightmove training

Propertymark has recognised the Level 3 Certificate for Estate and Lettings Agents (CELA) offered by Rightmove. Both Propertymark and its training arm...

05 May 2023

From: Breaking News

Renters Reform Bill - date announced

  The Renters’ Reform Bill is finally due to be published and introduced into Parliament next week. Housing Secretary Michael Gove has told Sky...

04 May 2023

From: Breaking News

Labour supports rent controls - and opposes them

Senior Labour figures have come out with sharply opposing views on whether the party backs rent controls. Shabana Mahmood, a senior MP...

04 May 2023

From: Breaking News

High rents push more first timers into buying - claim

The property market could be emerging from the downturn, Zoopla says.  Annual house price growth remains just 3.0 per cent according to...

04 May 2023

From: Breaking News

New consultation on second home council tax hikes

A new consultation by one of the national governments within the UK advocates giving more councils power to make huge rises...

04 May 2023

From: Breaking News

Student activists allege high incidence of damp and mould

An activist group claims that 54 per cent of students are currently living with damp and mould. The group - Students Organising...

04 May 2023

From: Breaking News

Up! Up! Up! Average rents hit another new high

HomeLet has released its latest market figures from April, showing UK average rental prices hitting their highest of all time.  The average...

04 May 2023

From: Breaking News

Phil Spencer links with Build To Rent trade body

Move iQ, the consumer-facing online service operated by TV property guru Phil Spencer, is linking with the Build To Rent trade...

03 May 2023

From: Breaking News

More Airbnbs than families on waiting lists - claim

A news service claims that in many UK cities there are now more entire homes listed on Airbnb than there are...

03 May 2023

From: Breaking News

Agency targets lettings growth - says new acquisition just the start

Leaders Romans Group has announced another new lettings acquisition. It has snapped up Liberty Gate, a single-office Nottingham-based business which also operates...

03 May 2023

From: Breaking News

Award for hugely successful agency chief who started in spare room

Belvoir’s very first franchisee, Andy Campbell, has been awarded the prestigious Belvoir Lifetime Achievement Award in recognition of 27 highly successful...

03 May 2023

From: Breaking News

Government move raises hope of cash help for energy improvements

One of the UK governments has backed a call for private landlords to get cash help to meet new Minimum Energy...

03 May 2023

From: Breaking News

Revealed - the 414-page end-of-tenancy check out report

A property management firm says it recently compiled a check-out report for a property which was 414 pages in total. The property...

02 May 2023

From: Breaking News

TV presenter turns lettings agent and fronts his own advert

Hortons lettings agency Hortons has released a new advertisement featuring daytime TV presenter Kerr Drummond - who also happens to be...

02 May 2023

From: Breaking News

Home Counties expansion for fledgling franchise agency

Small franchise agency Propertynest has expanded into Guildford with a new franchisee offering lettings and sales to the town and its...

02 May 2023

From: Breaking News

Another new high for rents - but is it the top of the market?

Average asking rents for new tenants outside of London have risen to yet another new record of £1,190 per calendar month. This...

02 May 2023

From: Breaking News

Commercial property investment slumps as UK economy weakens

The scale of investment in UK commercial property has fallen in all sectors, new research suggests.  Sirius Property Finance has analysed UK...

02 May 2023

From: Breaking News

Newspaper names agency in middle of high profile mould dispute

An online newspaper has named the lettings agency at the heart of a high profile dispute with tenants over mould. The i...

28 April 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

Agent says London rents are far higher than official figures

A London-focused lettings agency says actual rents in the capital are far greater than official average figures produced by the government.  Benham...

28 April 2023

From: Breaking News

PropTech News - new products and announcements for agents

After nine years with the business, Goodlord co-founder Tom Mundy has stepped down as chief operating officer. An official statement from...

28 April 2023

From: Breaking News

Stand by for 1,000 new Build To Rent homes

One of the country’s biggest Build To Rent players has secured funding for 1,000 new BTR homes. Legal & General has signed...

28 April 2023

From: Breaking News

Interest rates to soar further - new warning from leading body

One of the most respected financial organisations says markets are now betting that the Bank of England base rate will hit...

27 April 2023

From: Breaking News

Sales market supply set to rise as more landlords quit - prediction

More property is likely to come onto the sales market in the weeks and months ahead as rising numbers of landlords...

27 April 2023

From: Breaking News

New boss for tenant referencing and insurance giant

Barbon Insurance Group, which describes itself as the UK's largest tenant referencing and specialist lettings insurance intermediary, has a new managing...

27 April 2023

From: Breaking News

Hugely popular agent shortlisted for award - and needs your vote!

One of the lettings industry’s highest profile agents has been shortlisted by the Huntingdon’s Disease Association as Fundraiser of the Year. Kristjan...

27 April 2023

From: Breaking News

So Much For Rent Controls - figures show increases, not falls

Property portal Citylets says average rents in Scotland rose 12.4 per cent in the past year to £1,007 per month -...

27 April 2023

From: Breaking News

Fake Reviews - online platforms plagued by bogus comments

Platforms like Facebook are infiltrated by fake review factories, despite the imminent publication of a new Bill which will look to make...

26 April 2023

From: Breaking News

Agents back compulsory national registration for short lets

Propertymark has thrown its weight behind the idea of a compulsory national register of landlords and hosts operating Airbnb and other...

26 April 2023

From: Breaking News

Expelled! Rogue agents expelled from Property Redress Scheme

The Property Redress Scheme, one of two government-approved redress services, has produced a list of recently-expelled agencies. All agencies must be a...

26 April 2023

From: Breaking News

Property report bonus for agents hiring outsourced Viewbers

Outsourced viewing service Viewber has linked with a property report company. The partnership between Viewber and Street Insights means outsourced viewing operatives...

26 April 2023

From: Breaking News

Compliance expert slams unnamed non-compliant agents

A compliance expert is criticising unnamed agencies for risking fines “and wasting time and money” by relying on inadequate compliance reporting...

26 April 2023

From: Breaking News

Activists want thousands of pounds to campaign against short lets

A group of activists is trying to raise £15,000 to campaign for local councils to clampdown on AirBnb and other short...

25 April 2023

From: Breaking News

Strictly star to front lettings agency podcast

Lettings agency Hamptons, now part of Connells, has hired a former Strictly Come Dancing and Countryfile star to front a property...

25 April 2023

From: Breaking News

OnTheMarket Software adds e-signatures to lets platform

PropTech provider OnTheMarket Software has integrated a digital e-signature service, Finch, into its TecLet platform.  The integration within TecLet claims to save...

25 April 2023

From: Breaking News

Use Insta Reels and TikTok - new advice to letting agents

A lettings guru is calling on agents to embrace social media trends in order to reach new audiences. Agent Rainmaker uses Reels...

25 April 2023

From: Breaking News

Retirees lead the way amongst landlords quitting sector

Landlords who bought soon after the launch of the first buy-to-let mortgage in 1996 are retiring in increasing numbers.   Research from lettings...

25 April 2023

From: Breaking News

Agency accused of fake claims over tenants’ deposits

A lettings agency has been accused of falsely claiming deposits were being held in a deposit protection scheme and other related...

24 April 2023

From: Breaking News

Rental affordability improving at last, says Foxtons

New figures today from London-focussed lettings agency Foxtons shows growth in the supply of lettings properties on the market is starting...

24 April 2023

From: Breaking News

Free webinar for agents to understand dispute resolution

The Deposit Protection Service is hosting a webinar to help letting agents better navigate the dispute resolution process.   The service says...

24 April 2023

From: Breaking News

Backfired! Rent controls hurt lettings as government flounders

Research from Propertymark highlights a growing concern for the private rental sector in Scotland. As the Scottish National Party lurches from crisis...

24 April 2023

From: Breaking News

Rental supply low and online agencies flounder - new survey

A new survey throws light on the scale of the supply shortage hurting the rental market - and in addition shows...

24 April 2023

From: Breaking News

Agents jailed for role in multi-million-pounds drugs crimes

Two agents who helped establish a multi-million-pound drugs ring in two cities have been jailed. Ossama Omar and Mohamed Latif ran Platinum...

21 April 2023

From: Breaking News

Section 24: Agents call for mortgage tax relief to be reinstated

A new survey of lettings agents and landlords has put the reinstatement of Section 24 mortgage tax relief at the top...

21 April 2023

From: Breaking News

Agency’s warning to renters - it’ll be a tough spring

Lettings agency Fine & Country believes that tenants will continue to feel the pressure this spring with rental growth expected to...

21 April 2023

From: Breaking News

Quids In - massive rise in lettings revenue for Foxtons

London-focussed agency Foxtons has reported a huge leap in revenue from its lettings division. Lettings revenue was up 27 per cent in...

21 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

Private rental sector housing quality blasted by think tank report

A think tank claims one in six young people live in poor quality housing, often in the private rental sector. The claim...

20 April 2023

From: Breaking News

Building Society buys houses to let out in rental scheme

The Cambridge Building Society has invested in two family-sized houses to expand its unique ‘Rent to Home’ rent-return housing scheme. The two...

20 April 2023

From: Breaking News

Top award for legendary lettings agency

The legendary Oxfordshire-based lettings agency Finders Keepers has won gold at the local British Property Lettings Award and silver in the...

20 April 2023

From: Breaking News

Winkworth posts weak results despite robust lettings market

Winkworth has told its shareholders that the weak figures posted for 2022 are actually in line with management expectations. The franchise giant...

20 April 2023

From: Breaking News

Agents report rents on the rise again as spring market blooms

The number of new prospective tenants registering at each branch of a Propertymark-member lettings agency held steady at 106 in March,...

20 April 2023

From: Breaking News

Report identifies tenants most at risk from EPC rule changes

London’s renters are most at risk from finding their homes either being un-lettable or their landlord selling up due to the...

19 April 2023

From: Breaking News

Fraud - agency maintenance chief steals almost £100,000

A lettings agency maintenance manager stole almost £100,000 from her company - but has escaped prison. Farida Mughal was working at the...

19 April 2023

From: Breaking News

Agency network to reveal hitherto-unseen market information

Fast-growing agency network Lomond is launching its own national and regional market information - and it claims it’s using data rarely...

19 April 2023

From: Breaking News

Big rise in tenant demand in just a month reports agency

London’s rental season is gathering pace according to Chestertons, which says 15 per cent more tenants entered the market in March...

19 April 2023

From: Breaking News

Agents and landlords invited to free industry forum

Agents and landlords operating in South Warwickshire are being encouraged to take part in an industry forum on Monday May 15...

19 April 2023

From: Breaking News

New national lettings agency set up by Lloyds Banking Group

Lloyds Banking Group and homelessness charity Crisis have joined forces in a new two-year partnership including the establishment of a so-called...

18 April 2023

From: Breaking News

Agent blasts government over huge second home tax increase

An agent has spoken out about a proposal to allow huge council tax rises on second homes and empty properties. New Scottish...

18 April 2023

From: Breaking News

Stock shortages drive double digit rent rises, insists agency

Hamptons says rental growth across Britain in March posted its third ever double-digit increase since the agency records began almost a...

18 April 2023

From: Breaking News

50 not out for tenancy management workforce

A team managing tenancies across the UK has clocked up half a century of working together. The staff at Tenancy Management Hub,...

18 April 2023

From: Breaking News

Ethical agency recruits Propertymark guru to lettings team

A lettings and sales agency that describes itself as “ethical” and has built up strong links with local community groups has...

18 April 2023

From: Breaking News

Agents slam ‘postcode lottery’ of tax imposed on HMOs

The letting agents’ trade body Propertymark has slammed the current lack of consistency of council tax on HMOs. It describes today’s system...

17 April 2023

From: Breaking News

Rents skyrocket across UK amid warning of “housing disaster”

Average room rents rose by 10 per cent or more in every UK region, every London region and almost every major...

17 April 2023

From: Breaking News

Short Lets Clampdown: Airbnb warns against over the top measures

Airbnb is warning the UK government not to be heavy handed in its planning controls restricting the short lets sector. At the...

17 April 2023

From: Breaking News

PropTech ‘call to arms’ will demand urgent government action

PropTech supplier Goodlord this week launches what it calls “a manifesto” demanding government help for the lettings industry.  Few details of the...

17 April 2023

From: Breaking News

Build To Rent for seniors - retirement housing specialist reveals bid

Retirement housing specialist Pegasus wants to become a big player in Build To Rent and has employed the  Savills agency to...

17 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

Message to Gove: EPC rule changes “devastating” for rental sector

A lettings agency chief says tighter EPC targets will be “devastating” for the private rental sector. Ben Quaintrell - managing director of...

14 April 2023

From: Breaking News

South Coast agency snaps up nearby rival

Oakfield Estate Agents in Hastings has snapped up a rival firm - Redwell Estates - in nearby Bexhill oil Sea. Neil Newstead,...

14 April 2023

From: Breaking News

Rents rising again after New Year pause

The latest HomeLet rental index shows that UK average rental prices are continuing to rise after a previous drop in prices...

14 April 2023

From: Breaking News

Many renters want government help for first time buyers

New research from The Mortgage Lender reveals that 44 per cent of renters would like more cost-of-living support from the government. Specifically...

14 April 2023

From: Breaking News

Anger over Airbnbs and holiday lets needing planning consent

The new trade body for short lets has reacted angrily to a government plan for AirBnb and other short let hosts...

13 April 2023

From: Breaking News

Asking rents drop as agents and landlords compete for tenants

A lettings agency says an improvement in stock levels is allowing negotiations on rent levels between landlords and tenants. London-focused agency Chestertons...

13 April 2023

From: Breaking News

LGBTQ+ agents mentoring and networking group launches

A trio of agents working in a hybrid agency have setup an LGBTQ+-focused mentoring, learning and networking group. James Hummerstone-Pope, Danielle Andrews...

13 April 2023

From: Breaking News

Steady As She Goes - rental market at a standstill

After a hectic period of rent rises it appears that the lettings market is at a standstill according to PropTech firm...

13 April 2023

From: Breaking News

RICS slams government over energy strategy “lacking ambition”

The Royal Institution of Chartered Surveyors has accused the government of lacking ambition in its new energy strategy. The government's revised strategy,...

13 April 2023

From: Breaking News

Huge staff churn as agents scramble for higher pay

Annual staff turnover in the property industry is nearing 30 per cent according to a survey by online agency Nested.  The most...

12 April 2023

From: Breaking News

Agency uncovers big fall in property taxes

Revenue from property taxes in Scotland has dropped significantly so far this year, according to a prominent lettings agency.  DJ Alexander Ltd...

12 April 2023

From: Breaking News

Agency pledge to make branches sustainable by 2030

Leaders lettings agency has launched its new sustainable office in Aylesbury. The company insists that by 2030 all of its branches will...

12 April 2023

From: Breaking News

Smaller properties drive prime London rental growth

Prime London rents picked up again over the first three months of this year, says Savills. Rental prices are up 1.4 per...

12 April 2023

From: Breaking News

Mentoring milestone hit by industry charity

Agents Together, set up by Purplebricks founders the Bruce Brothers, has reached the milestone of arranging 800 mentorships. Agents Together is a...

12 April 2023

From: Breaking News

Agency fined for its role in illegal HMO letting

A London lettings agency has been ordered to pay over £12,000 in a fine and costs for its part in running...

11 April 2023

From: Breaking News

Agencies risk Reputational Damage - new warning to industry

Lettings agencies which rely on manual means of verification are risking repetitional damage caused by anti-money laundering regulations, a digital compliance...

11 April 2023

From: Breaking News

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