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Here is today’s Breaking News from Letting Agent Today. Join the debate by leaving a comment below a story - you will need to be logged-in to do this.

Breaking News

Eight young PropTech firms get boost through ‘scale-up’ investment

Eight fledgling UK PropTech have been selected for the Propertymark-linked  REACH UK 2024 technology scale-up program. The REACH UK program, launched in March 2020 with the support of...

Key changes to smoke and carbon monoxide alarm requirements

From this month, private tenants in Northern Ireland will have sufficient smoke, heat and carbon monoxide alarms installed in their homes for the first time as part...

EPC targets won’t be met without more incentives - Nationwide

Rigorous government targets to improve EPC ratings in the private rental sector and the wider housing stock won’t be met without additional incentives, the Nationwide warns. A...

Agents can win business via Tik Tok - new guide available

PropTech platform Goodlord has produced a guide for letting agents wanting to post on Til Tok - and it says the industry can win business by...

Propertymark asks government: Why bother with local licensing schemes?

Propertymark has responded to the formal consultation schemes being imposed by a string of local councils - but says such measures may be unnecessary in future. The...

Full Steam Ahead - figures point to a strong autumn market

Residential property sales were up by 7% in July compared to the same month year, with 90,630 transactions, official figures show. But the total was very slightly...

Bid to see if private rental sector can combat homelessness

A new partnership being launched today aims to see if the private rented sector can contribute to ending homelessness. It takes the shape of a three-year project...

Agents tell Rayner they’re key to new law applying to private renting

Propertymark is lobbying Housing Secretary and Deputy Prime Minister Angela Rayner to suggest that letting agents have a vital role to play in the extension of...

Agency brands announce outline of staff profit-share scheme

A regional independent lettings agency has launched a new profit share scheme for its staff - but it’s keeping quiet on details. Few specifics have been released...

Propertymark backs bank's bid to turn renters into first time buyers

Propertymasrk has thrown its weight behind Lloyds Banking Group making £2 billion of lending available to first time buyers borrowing more than 4.5 times their income...

Agents gear up for student accommodation onslaught

Property industry supplier Iamproperty says some 670,000 students will likely be seeking private rental properties in the upcoming academic year - starting now. The supplier says that...

Agents to hear about ‘Call Before You Serve Notice’ service

Agents and landlords are invited to what a council calls “an invaluable local conference where they can get free advice from experts.” The two-hour event is in...

Rightmove beefs up marketing campaign as portal competition hots up

Rightmove, still very much the Number One portal despite growing competition, is launching a new national marketing campaign this coming weekend. The campaign continues to focus on...

New lettings deal is part of LSL Franchising growth plans

LSL Estate Agency Franchising says it’s got “ambitious growth plans” for expanding franchisee patches across the country. In spring 2023 the company announced that long-term franchise agreements...

Government puts squeeze on key area to encourage more homes

Housing Minister Matthew Pennycook has written to one of the key areas he believes vital for achieving Labour’s house-building targets, calling for it to do all...

TV property guru is host of major awards ceremony

Property professionals gearing up for the 2024 Variety North West Property Awards can look forward to a star-studded evening as TV presenter and property expert Martin...

Rental yields up to 7.8% in parts of capital city

Edinburgh-based property portal ESPC has revealed the top-performing Edinburgh postcodes in terms of rental yields, for the second quarter of 2024. The latest rental data from Citylets,...

Disastrous Rent Controls - leading portal hits out at politicians

One of the largest lettings portals in Scotland is warning that plans by the government north of the border to introduce rent controls would be disastrous.  The Housing...

Rent up to £25,000 a week splashed out by super-rich tenants

Some of the richest people on the world, who use London as one of their bases, are choosing to rent rather than buy, claims a veteran...

eXp UK claims to be over double size of next self-employed brand

eXp UK has passed the 600 agent milestone and now declares itself to be the leading platform for self employed agency. It claims to have recruited over...

Agents rank most effective PropTech innovations

A survey of over 730 property professionals has found that 76% believe the introduction of technology has changed the UK property market for the better. That proportion...

Lettings boss backs Labour to add billions to housing market total value

Labour’s target of delivering an average 370,000 new homes a year could bring about a remarkable £161 billion boost in value to the housing market across...

Energy Costs - Renters in worst EPC homes could face £550 hike

With the energy price cap to rise by 10% from October, Rightmove reveals that this could mean an annual increase of £558 for the least energy...

Zoopla tells letting agents exactly how much it does for them

Leading property website Zoopla has delivered strong results for letting agents in the run-up to the busiest time of year for the lettings industry. Zoopla’s rental leads...

Warning to letting agents as new enforcement regime starts

A council has taken over powers for enforcement in the private rental sector - and it’s started off with a warning to letting agents. North Yorkshire council...

Council bid to run private lettings agency ends in failure

A lettings agency set up by a council to buy properties on the open market and let them at open market rents has failed. Reading’s Labour council...

Knight Frank forecast for mainstream and prime lettings markets

Knight Frank has set out its forecast for the rental sector for the rest of 2024 - notwithstanding political uncertainty. In the mainstream UK market, annual growth...

Scrapping Section 21 isn’t such a big deal, claims top agent

The abolition of Section 21 isn’t really that big a deal, a prominent lettings agent claims. Kristjan Byfield, who runs the base lettings agency in London and...

Named and Shamed - HMRC lists 92 tax avoidance schemes

HM Revenue & Customs has named 92 schemes which it says are involved in tax avoidance - and it admits this isn’t the complete list. There has...

Short Lets to be hammered by nightly 5% ‘tourism tax’

Anyone renting an Airbnb or other short let property in Edinburgh from the summer of 2026 is likely to be hit with a nightly tourist tax. Councillors...

New rental laws under the spotlight as agents hit the road

Propertymark is inviting letting agents to find out more about the latest legislative changes at one of its upcoming regional conferences.   As part of the professional body’s...

Agents invited to free advice and networking session

Letting agents and landlords are being offered free advice and information at a networking event hosted by Cumberland council. Property owners and agents will have the opportunity...

Labour bid to turn renters into owners will fail, warns finance firm

New Freedom of Information (FOI) data from the Financial Conduct Authority shows that Labour’s plan to introduce a ‘Freedom to Buy’ mortgage guarantee scheme is unlikely...

Your Move franchise network snaps up independent agency

The Your Move franchise network has expanded its reach through the acquisition of an independent agency. The Edward Rose Property Group - a franchise partner of Your...

First details released for Agent Rainmaker’s latest flagship event

Letting agents keen to scale their business fast are being encouraged to attend what the organisers call “an industry flagship event” this November. AR Live 2024 is...

Agency wins contract to manage two high-rise resi towers

A luxury development of 15-storey and 45-storey towers housing 581 one and two-bedroomed apartments in the heart of Birmingham is to be looked after by Principle...

Agent’s alarm call to politicians - change course on rent controls

One of the UK’s most high profile lettings agents is calling on politicians to change course on rent controls. David Alexander of DJ Alexander, the largest lettings...

High profile portals merge - what does this mean for agent fees?

PropertyPal - a portal recently at the centre of a fees dispute - has merged with Propertynews. The two brands, which are amongst the largest in the...

Banned! Agency chief cannot let properties for three years

A council says it’s secured the first banning order in its area, securing a stop on a rogue letting agent renting out any property for the...

Family-run agency celebrates first stage of awards success

A family agency, At Home in Edinburgh, has been shortlisted for a major residential sector award. The agency, which has a team of just four, is in...

AI PropTech tool claims to make end-of-tenancy more efficient

A PropTech platform claims a new ‘Yield Control’ feature makes the end-of-tenancy process more efficient. Residently claims to connect and make smoother the various end-of-tenancy processes which...

Planning consent may be needed for small HMOs in part of London

A Labour council in London is seeking much greater control over the creation of so-called ‘small HMOs’. Lambeth council wants anyone creating a so-called ‘small HMO’ - which...

HMRC fines agents £1.6m for anti-money laundering breaches

It’s been revealed by Propertymark that HM Revenue & Customs has fined agents over £1.6m for branches of anti-money laundering regulations. The fines - levied in April...

Prospective tenants lose millions through rental scams

Consumer organisation Which? claims there are some 1,000 reports of rental fraud scams a month at this time of year. It says the start of the academic...

Tax fears may drive landlords to sell this autumn, says agent

A regional agent says the fear of further taxes on the private rental sector may lead to a spurt of landlords selling up this autumn. Gareth Overton...

Agents slam politicians for new law allowing rent controls

Propertymark has come out with a strongly-worded statement accusing politicians in the Scottish Parliament of ignoring the industry’s views on rent controls. Section 1 of the Housing...

Regional property awards contested by 20 firms and professionals

More than 20 property organisations and professionals have been named as finalists in a regional agency awards event. The winners of six categories from Agent Of The...

Four buyers in the frame to pay £100m for Lomond - report

It’s being reported that Lomond Group, the chain of lettings agencies owned by a division of Lloyds Banking Group, is likely to be snapped up by...

Independent agency with 25 year tradition snapped up by LRG

Leaders Romans Group has acquired Alan Francis Estate Agents and Lettings Ltd, a Milton Keynes company which has operated in the city for 25 years.  LRG describes...

PropTech platform to use AI in next upgrade, as fees rise

PropTech entrepreneur and lettings agent Kristjan Byfield is announcing an upgrade to his platform The Depositary, which will see its first foray into Artificial Intelligence.   He...

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