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Huge £150m investment into student renting by financial services giant

Aviva Investors, the global asset management business of Aviva plc, has spent some £150m acquiring a portfolio of six Purpose Built...

19 January 2024

From: Breaking News

Budget 2024 - Just days left for agents to send ideas to Jeremy Hunt

Agents who want to put their arguments for lettings fiscal reform to the Chancellor have until 5pm next Wednesday to submit...

19 January 2024

From: Breaking News

End of ‘Covid tenancies’ boosts rental supply - agency’s analysis

There are more rental properties for tenants to choose from than any other time since Covid, according to London estate agency...

18 January 2024

From: Breaking News

Shock figures put interest rate cut on the back burner

There are growing fears that the hoped-for Bank of England base rate cut this spring - the first off possibly several...

18 January 2024

From: Breaking News

Rebrand for one of lettings industry’s best known suppliers

One of the lettings sector’s longest-standing suppliers - Mortgages for Business - is rebranding. It’s to be known as Mortgage Finance Brokers,...

18 January 2024

From: Breaking News

Famous agency ditches HQ for new base and a contemplation room

Strutt & Parker is leaving its HQ to share premises with other parts of its parent company - and to have a...

18 January 2024

From: Breaking News

First two agencies join new self-employed ‘brokerage’ model

Two agencies have today joined eXp UK, the platform which now wants existing branch-based firm to convert to its self employed...

18 January 2024

From: Breaking News

Lettings agency strategy change is slap in the face for Zoopla

A large multi-brand lettings agency group is dropping its listings on Zoopla and instead going to list rental properties on OnTheMarket...

17 January 2024

From: Breaking News

Phil Spencer warns that Summer will be hectic for lettings sector

Summer looks like it’s going to be a hectic period for lettings agents and the private rental sector according to TV...

17 January 2024

From: Breaking News

Shock figure reveals tax burden paid by private rental sector

Property taxes in Scotland exceeded £600m over the last year according to analysis of the latest statistics by the country’s largest...

17 January 2024

From: Breaking News

TV Host to repeat agents’ conference compering gig

TV host Jenni Falconer is to reprise her role as compere of Propertymark’s ‘One Conference’ when it’s repeated at London’s ExCel...

17 January 2024

From: Breaking News

Propertymark wants additional health and safety cladding measures

The letting agents’ trade body Propertymark says one of the UK governments should go further in ensuring the safety of tenants...

17 January 2024

From: Breaking News

How Tenants try to Defraud Agents - webinar to reveal all this week

A PropTech supplier this week hosts a free webinar for agents to shed light on the rise of attempted tenancy fraud...

16 January 2024

From: Breaking News

Trading Standards giving agents free teach-in on Material Information

Propertymark is hosting an Understanding Material Information for Lettings Agents on Thursday January 18 from 1230 to 1400. The National Trading Standards...

16 January 2024

From: Breaking News

Agency snaps up rival and launches new city lettings division

Property agency James Douglas has acquired a rental service and launched its own lettings arm in the south Wales city of...

16 January 2024

From: Breaking News

Most competitive locations for letting agents revealed by research

A new analysis shows that - unsurprisingly - London remains the most competitive region for letting agents, having seen the largest...

16 January 2024

From: Breaking News

Sadiq Khan’s rent controls dismissed as “well-meaning but naive”

Rents across the UK continue to retreat from their 2023 highs, falling by 2.9 per cent over the last three months,...

16 January 2024

From: Breaking News

Big mortgage rate cuts likely this year - agency revises forecast

Knight Frank has revised its housing market forecasts for 2024, just two weeks into the new year. It’s done this on the...

15 January 2024

From: Breaking News

Rent rises outstripping inflation for past nine months - agency analysis

A leading lettings agency says 2023 was a record-breaking year for rental growth.   The average rent on a newly let property in...

15 January 2024

From: Breaking News

Artificial Intelligence and Client Money Security - free webinar tomorrow

Propertymark is hosting a client money security webinar tomorrow lunchtime between 12.30 and 13.30. The webinar will discuss the rise of Artificial...

15 January 2024

From: Breaking News

Breakthrough allows rent payments to be reported to credit agencies

The long-running aspiration of many to allow rental payments to be counted towards credit ratings appears to have taken a step...

15 January 2024

From: Breaking News

Build To Rent expo next month organised by trade group

The UK Apartment Association - a Build To Rent trade body - has given details of an expo it’s hosting in...

15 January 2024

From: Breaking News

Free webinar for agents on latest shock waves to hit market

A free webinar for agents is being held next week, again devoted to the Renters Reform Bill as well as the...

12 January 2024

From: Breaking News

Propertymark backs controversial Airbnb registration scheme

Letting agents’ body Propertymark is throwing its weight behind a mandatory licensing and registration scheme for short let landlords. Anyone who lets...

12 January 2024

From: Breaking News

Lomond snaps up another regional lettings agency

Fast-growing Lomond has snapped up another regional agency - this time one in the Midlands. Centrick - which had a High Street...

12 January 2024

From: Breaking News

Tenants itemise top three priorities in new survey

A survey by one of the industry’s deposit alternative services, flatfair, shows that - unsurprisingly - over 61 per cent rank...

12 January 2024

From: Breaking News

Top agent slams latest rent control move as costly and complex

New rent control proposals put forward by politicians are unnecessary and too costly according to a leading property expert.  David Alexander -...

12 January 2024

From: Breaking News

Warning over rechargeable device fires in rental properties

Insurance giant Aviva is urging consumers to be on their guard after seeing a seven per cent increase in customer claims...

11 January 2024

From: Breaking News

Mandatory Short Lets registration scheme to be introduced

A mandatory short lets registration and licensing scheme is to be introduced in part of the UK, described as a system...

11 January 2024

From: Breaking News

No Rent Controls! Agents pledge to continue campaign

Propertymark has urged its members who feel frustrated by the changes to the Scottish Government’s so-called Cost of Living regulations ending...

11 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

Rental growth to decline this year warns muted Winkworth

Winkworth’s first trading statement of 2024 reveals that it saw a five per cent rise in rental revenues in 2023 -...

11 January 2024

From: Breaking News

Two of the largest lettings agencies propose to merge

The Property Franchise Group, the UK's largest property franchise brand, wants to merge with long-time rival Belvoir. Both are listed on the...

10 January 2024

From: Breaking News

Lettings agency was front for multi million pound drugs gang

An organised crime group involved in producing and distributing an estimated £2.4m of cannabis has been found to have e used...

10 January 2024

From: Breaking News

New lettings brand claims franchisees can earn £100k-plus per year

A new lettings franchise is being launched, which claims its franchisees can earn £100,000-plus annually.  The Sourced Group has launched Sourced Living,...

10 January 2024

From: Breaking News

Savills reveals new lettings chief in prime commuter hotspot

High end lettings agency Savills has appointed a new head of residential lettings for its offices in Beaconsfield and Amersham. Daniel Spratley...

10 January 2024

From: Breaking News

High-profile agent joins top table of Single Family Rental body

Rhodri Evans, director of land and new homes at Andrews Property Group, has been named as one of several industry figures...

10 January 2024

From: Breaking News

Demand easing as rental market edges back to normality

The UK rental market is experiencing a gradual easing in demand, marking a shift from the peak levels witnessed in recent...

10 January 2024

From: Breaking News

Renters Reform Bill won’t take effect until late 2024 at the earliest

David Cox, the former ARLA chief executive, says the earliest that the Renters Reform Bill could come into effect is late...

09 January 2024

From: Breaking News

Self-employed agency marks major expansion into rentals

Self employed agency brand Harding Green, which majors on London and prime country markets, says it’s grown significantly in the lettings...

09 January 2024

From: Breaking News

Agency with £350m of property under management opens new branch

An agency which currently has £350m of property under management and boasts a 98 per cent client retention rate, has opened...

09 January 2024

From: Breaking News

Annual rent rise in England still near double digits

The latest rental index from Goodlord shows average rents in England rose nearly nine per cent higher across 2023. In 2022, rents...

09 January 2024

From: Breaking News

Agents’ views sought for large HMO licensing scheme

Agents, landlords and others’ views are being sought in a consultation on proposals to introduce a borough-wide additional licensing scheme for...

09 January 2024

From: Breaking News

Rates War! Mortgage lenders slash BTL borrowing costs

A series of lenders have slashed their buy to let mortgage rates in a bid to win business. These include: - LendInvest Mortgages...

08 January 2024

From: Breaking News

Council to borrow millions to buy homes for private rental exercise

A council is considering borrowing £50m to buy properties to rent on the private market and for affordable housing. West Norfolk council...

08 January 2024

From: Breaking News

Seven Tips this lettings agency is giving its landlord clients

Online rental platform Lettingaproperty is telling landlords to take a strategic approach to property management in 2024, to help navigate legislative...

08 January 2024

From: Breaking News

Propertymark sits on the fence over first time buyer controversy

Propertymark has stepped into the row over a bank chief’s comments on first time buyers. Sir Howard Davies, chairman of NatWest, responded...

08 January 2024

From: Breaking News

Knight Frank warns that Rwanda controversy could force early election

Knight Frank has taken the unusual step of warning that Tory splits over Rwanda and immigration could force an early election...

08 January 2024

From: Breaking News

Details emerge of permanent rent control proposal

The controversial minister who steered rent controls through the Scottish Parliament has contacted Propertymark to reveal details of the next stage. Patrick...

05 January 2024

From: Breaking News

10-branch brand and thousands of lets become part of fast-growing agency

Lomond has more than doubled its footprint spanning the South Coast after a major deal involving a 10 branch agency, Beal's. Beal’s employs...

05 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

Build To Rent trade body beefs up its top team

The UK Apartment Association - effectively a trade body for the Build To Rent sector - is beefing up its top...

05 January 2024

From: Breaking News

Historic building snapped up for Build To Rent development

A historic former school and hospital building in Glasgow City Centre will be restored as part of a plan to create...

05 January 2024

From: Breaking News

Savills reveals which buy to let region it tips for best returns

Residential buy to let in the North West of England, London industrial property and retail warehouses are set to be the...

04 January 2024

From: Breaking News

Breaches of tenant data must be taken more seriously by agents - ARLA

ARLA Propertymark has urged letting agents to take breaches of the Information Commissioner’s Office’s  data protection principle regarding GDPR seriously.   The call comes...

04 January 2024

From: Breaking News

Will tumbling mortgage rates turn tenants into buyers?

Lower mortgage rates - still falling in the days since the end of the festive break - may be persuading some...

04 January 2024

From: Breaking News

Tenants Scammed - new guidelines for agents to give renters

Propertymark is telling member agents to be aware of potential risks and help educate tenants to lookout for common scams, especially...

04 January 2024

From: Breaking News

Mystery Shopping key to improving agency service - claim

The Guild of Property Professionals has given its backing to the concept of mystery shopping as a way of improving agents’...

04 January 2024

From: Breaking News

Over 700 CPO homes let by government along doomed HS2 rail line

Newspaper report claims some 710 properties have been put into the private rental market by the government - and they are...

03 January 2024

From: Breaking News

Short lets tax change this week just the first of many in 2024

Airbnb and other short let platforms are from this week required to send data on their clients’ earnings to HMRC. And a...

03 January 2024

From: Breaking News

Lettings and Build To Rent experts head ARLA chief’s speaker list

The president elect of ARLA Propertymark has created a comprehensive list of female experts in different property disciplines. Angharad Trueman, Group Lettings...

03 January 2024

From: Breaking News

“Challenging” Build To Rent scheme rescued from administration

A Build To Rent scheme which fell into administration two years ago has been rescued by a property developer. Torsion Group has...

03 January 2024

From: Breaking News

Lettings Market Problems - supply-demand mismatch through to Christmas

New figures released this week by Propertymark reveal that even in the run-up to Christmas there was no significant change in...

03 January 2024

From: Breaking News

Figures reveal UK's fastest growing lettings agency as 2024 starts

Foxtons claims it’s reached new heights under its latest management team. The agency has been described as the is fastest growing UK...

02 January 2024

From: Breaking News

Labour will keep Right To Buy in England if it wins election

Labour says it will keep the controversal Right To Buy policy in England if it wins this year’s General Election. This is...

02 January 2024

From: Breaking News

Buy To Let investors compete with owner occupiers  - Nationwide

Owner occupiers have been competing with landlords in the battle to purchase smaller properties, new figures show. Smaller properties are often preferred...

02 January 2024

From: Breaking News

Industry figure backs Renters Reform Bill  pets policy

The head of a major supplier insists the Renters Reform Bill provision making it easier for tenants to keep pets is...

02 January 2024

From: Breaking News

Seasonal trends return to lettings market after ‘unusual’ recent years

The chief executive of Propertymark says seasonal trends are returning to the housing market after several ‘unusual’ years. Nathan Emerson says: “In...

02 January 2024

From: Breaking News

Agent Alert - Housing Ombudsman warns of scams across sector

The Housing Ombudsman - currently active in the social housing sector but tipped to take a wider role involving private renting...

29 December 2023

From: Breaking News

Insurance Register must be free to use to help rental sector - ARLA

ARLA Propertymark has responded to the Scottish Parliament’s examination of the Housing (Cladding Remediation) (Scotland) Bill, calling for clarity on contributions...

29 December 2023

From: Breaking News

Mortgage Lenders set out buy to let forecasts for 2024/2025

UK Finance has published its housing and mortgage market forecasts for 2024 and 2025 together with projections for 2023 full year numbers. Key figures for 2023 In...

29 December 2023

From: Breaking News

Lettings agency snapped up by Chestertons parent company

The company which acquired London-focussed agency Chestertons in October has now snapped up another lettings and sales operation. This latest purchase is...

29 December 2023

From: Breaking News

Tickets going cheap for Propertymark flagship event

Agents’ group Propertymark is discounting early-bird tickets for its flagship Propertymark One event. The day, run in partnership with Rightmove, is billed...

29 December 2023

From: Breaking News

Tax Grab - Big rise in Inheritance Tax paid to HMRC

The latest figures from HM Revenue and Customs show that inheritance tax receipts increased to £5.2 billion in the eight months...

28 December 2023

From: Breaking News

More acquisitions in 2024 says fast-growing agency group

Lomond has announced one more acquisition in the North West of England - the 17th it has completed in the region...

28 December 2023

From: Breaking News

Budget date revealed as Gove hints at new housing policies

The date has been set for the Spring Budget - the last before the General Election.  It’s to be on Wednesday March...

28 December 2023

From: Breaking News

Renters Reform Bill causing unease amongst investors - agency

The Jackson-Stops agency is warning that the Renters Reform Bill is driving investors away - and making the market worse, not...

28 December 2023

From: Breaking News

Generation Rent claims Black people victimised by “outdated” Vagrancy Act

A group of rental activists claims that police in England are disproportionately using a 19th century law that criminalises rough sleeping...

28 December 2023

From: Breaking News

Top agent backs industry regulation in 2024 - the more the better

The boss of a prominent UK lettings and property management agency says new regulations planned for the industry are to be...

27 December 2023

From: Breaking News

Labour to ban bidding wars and offer new anti-social behaviour rules

A prominent housing market commentator says Labour would introduce a tougher version of the Renters Reform Bill if it forms the...

27 December 2023

From: Breaking News

Foreign ownership property registration scheme hailed a success

A register launched to shed light on overseas property ownership in the UK now has over 30,000 registrations.  The Register of Overseas...

27 December 2023

From: Breaking News

Will 2024 see the end of private rental sector licensing?

Housing Secretary Michael Gove has given what some commentators have interpreted as a sign that private rental sector licensing from councils...

27 December 2023

From: Breaking News

2023 goes down as the year of record rents

London has seen the strongest rental growth over the last year according to an analysis by lettings agency Hamptons.   The average rent...

27 December 2023

From: Breaking News

Recent rise in buy to let landlords quitting, confirms Bank of England

A new Bank of England survey has confirmed a growing outflow of landlords from the private rental sector since 2020. The Bank’s...

22 December 2023

From: Breaking News

Regulate Agents in 2024 - Propertymark explains why it’s needed

Agents’ trade body Propertymark says the current debate on the Leasehold and Freehold Reform Bill is another example of how agent...

22 December 2023

From: Breaking News

Agent unhappy at “missed opportunity” to help rental and other housing sectors

One of the UK’s leading lettings agents is bemoaning what he calls “the missed opportunity “ to help the rental sector...

22 December 2023

From: Breaking News

Half of prime London new builds in 2023 went to foreign investors - agency

Strutt & Parker’s London New Homes staff attribute 50 per cent of their market this year as dollar-based - 30 per...

22 December 2023

From: Breaking News

Timetables demanded for smoke alarm and electrical safety changes

Propertymark has responded to two consultations on the proposals to introduce electrical safety standards and smoke and carbon monoxide alarms in...

22 December 2023

From: Breaking News

Top agent senses change of mood in rental market

One of Britain’s leading agents - former RICS residential chairman Jeremy Leaf - says he is seeing a change of mood...

21 December 2023

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

Agents demand radical legal reform and a new Housing Court

Propertymark has listed a string of legal reforms it wants as part of the government’s modernisation of the court process -...

21 December 2023

From: Breaking News

Labour housing policies win strong public support as Tories lag behind

Independent polling gives Labour a big lead when it comes to its approach to housing policy. Detailed polling by the Ipsos pollster...

21 December 2023

From: Breaking News

Agents slam government house building failures as rental supply drops

Propertymark has urged the Scottish Government to build more affordable homes. The latest data from the Scottish Government itself shows that the...

21 December 2023

From: Breaking News

Rightmove to use Spotify and YouTube as well as old-school TV ads

The next phase of Rightmove’s 'believe it’ marketing push begins on Boxing Day, to coincide with the post-Christmas and New Year...

20 December 2023

From: Breaking News

Covid Fraud - property company bosses given suspended sentences

Two property company bosses have been sentenced following an Insolvency Service investigation which found they had abused a £30,000 Bounce Back...

20 December 2023

From: Breaking News

The three qualities landlords want from letting agents - revealed

A new survey of 4,000 landlords has identified the three qualities they look for in a letting agent. Whereas trust and liveability...

20 December 2023

From: Breaking News

Over 90% of homes could meet EPC rating C or higher - claim

A major property industry supplier claims that the housing sector could meet government targets to improve the Energy Performance Certificate ratings for homes.  Landmark...

20 December 2023

From: Breaking News

Last Ditch Bid to save unpopular freeholds from Gove’s law change

Plans for leasehold reform face a major early stumbling block as analysis shows plans to retrospectively introduce a cap on ground...

20 December 2023

From: Breaking News

Agents warned over Electrical Installation Condition Reports crisis

Repairs and maintenance supplier Fixflo is warning agents of a surge in demand for Electrical Installation Condition Reports in the short...

19 December 2023

From: Breaking News

Rental Sector Won't Become Energy Efficient without Incentives - claim

Propertymark has urged the government to do more to help the country’s most vulnerable citizens heat their homes.   Office for National Statistics...

19 December 2023

From: Breaking News

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