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KEYWORD "Finances" - 100 RESULTS
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...

27 August 2024

From: Breaking News

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’...

22 August 2024

From: Breaking News

Tories’ Section 24 tax change leaves some “with precarious finances”

A report from Propertymark has laid out the stark and in some cases unforeseen consequence of the Conservative government’s phased removal...

05 August 2024

From: Breaking News

Capital Gains Tax revenue up as buy to let investors quit

New figures published by HMRC show a 7% rise in Capital Gains Tax liabilities on the sale of residential property in...

05 August 2024

From: Breaking News

Pity The Poor Renter - analyst says tenants face tough conditions

An Office of National Statistics survey shows that the top three issues facing the UK are still the cost-of-living crisis (89%),...

16 May 2024

From: Breaking News

Agents breathe sigh of relief as arrears fall

Propertymark says the lettings market is beginning to stabilise as rent arrears decrease. Propertymark member agents reported that on average, 2.5% of...

13 May 2024

From: Breaking News

Shelter demands “overhaul” of Renters Reform Bill

Campaigning charity Shelter is demanding an overhaul of the Renters Reform Bill, which will shortly begin its passage through the House...

01 May 2024

From: Breaking News

Agents Furious at Permanent Rent Controls proposed by politicians

Agents have expressed their anger at permanent rent controls proposed by the SNP and Green Party politicians running the Scottish Government. The...

28 March 2024

From: Breaking News

Renters’ resilience dropping - analyst’s warning

Renters are less financially resilient than recent remortgagers according to an analysis by business consultants Hargreaves Lansdown. It says over two thirds...

21 February 2024

From: Breaking News

Agents plead with Bank of England after buy to let mortgage arrears soar

Propertymark wants the Bank of England to cut interest rates following data showing soaring mortgage arrears and repossessions. Lenders trade body UK...

09 February 2024

From: Breaking News

Stamp Duty slump is a pre-Budget blow for Chancellor

Stamp duty receipts dipped four per cent to £2.4 billion in Q3 of last year - no less than 25 per...

01 February 2024

From: Breaking News

Labour bid to regulate agents welcomed by major industry body

The Property Institute has welcomed a Labour Party move to introduce the regulation of property agents across much of the sector. Tabled...

25 January 2024

From: Breaking News

Thousands of lettings agencies in financial distress - new figures

Thousands of lettings and estate agencies, and other property businesses, are in ‘critical’ or ‘significant’ financial distress, it’s been claimed. The latest...

23 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

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

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

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

Fairer Rental Sector is key Propertymark demand for Budget

Propertymark has laid out its proposals to the Scottish Government ahead of its 2024-25 Budget next week. The letting agents’ trade body...

15 December 2023

From: Breaking News

Affordability Crisis means rent rises cannot continue at this pace - Savills

Savills is warning that despite strong income growth, rising rents are stretching the finances of those in the private rental sector.  Savills...

28 November 2023

From: Breaking News

Public optimistic about housing market despite feeling worse off

UK consumers feel worse off than a year ago, but remain relatively optimistic about the property . That’s the conclusion of a...

13 October 2023

From: Breaking News

Huge number of renters struggle to make payments - Which?

An estimated seven million UK households are struggling to keep up with their rent or mortgage payments, Which? warns, with millions...

28 September 2023

From: Breaking News

Many councils enforcing rental regulations face ‘effective bankruptcy’

A survey of local authorities in some of the poorest areas of the country - bodies which enforce many private rental...

06 September 2023

From: Breaking News

Under-pressure landlords now more choosy about letting agents

A prominent figure in the London property world says landlords under increasing financial pressure are being more selective about the letting...

21 August 2023

From: Breaking News

Opinion: What price and salary structure is best for our industry?

Finances have never been more stretched in the UK, with almost every bill and expense soaring for employees and employers alike,...

18 July 2023

From: Breaking News

Rebranded agency launches all-inclusive tenancy deal

My Property Box Tyne & Wear has extended its all-inclusive rent deal - and it says it’s in response to concerns...

11 July 2023

From: Breaking News

Tax Loopholes - government slammed over additional properties

A long-standing and respected property firm has slammed the government for presiding over the “mess” of taxes applied to holiday lets...

05 July 2023

From: Breaking News

Fraudster agent must repay £123,000 or face more jail time

A fraudster lettings agent must repay £122,922.68 to her old firm within three months - or face yet more time in...

26 June 2023

From: Breaking News

Mortgage Mayhem: will six months breathing space stop housing crash?

Concern remains that the mayhem surrounding the mortgage market may yet trigger a housing market crash. At the start of the weekend...

26 June 2023

From: Breaking News

Survey shows widespread ignorance about interest rates

The results of a new survey show widespread ignorance about how interest rates work and about how the Bank of England’s...

22 June 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

MPs' idea for Rental Sector Ombudsman slammed by letting agents

Propertymark has hit out at a proposal from a group of MPs that there should be a single Ombudsman covering the...

13 February 2023

From: Breaking News

Make evictions even tougher to execute - Baroness speaks out

The activist group Generation Rent is backing a call by MPs for the government to tighten up proposals to scrap Section...

10 February 2023

From: Breaking News

Interest Rates: Bank of England announces latest decision

The Bank of England has increased base rate to 4.0 per cent - its 10th rate rise in a row. Nathan Emerson,...

02 February 2023

From: Breaking News

Next Year’s Market - detailed analysis by the Halifax

The Halifax has released a snapshot of the housing market as the year ends - with the cost of living crisis...

21 December 2022

From: Breaking News

Lettings market “does not bode well for low income tenants”

Trends in the lettings market “do not bode well for renters on low incomes” according to an analyst. Jack Godby of lettings...

09 December 2022

From: Breaking News

Rental market cooling according to new Propertymark figures

An average of 85 new applicants were registered per Propertymark member branch in October according to the trade body’s latest lettings...

18 November 2022

From: Breaking News

Rental Sector hit by surprise Capital Gains and Stamp Duty tax changes

Chancellor Jeremy Hunt has delivered his long-awaited Autumn Statement - the fiscal event which he says will lead to “all of...

17 November 2022

From: Breaking News

Sadiq Khan’s ‘rental summit’ excludes agents and landlords

Labour’s Mayor of London, Sadiq Khan, held a summit yesterday about the capital’s private rental sector - but he did not...

15 November 2022

From: Breaking News

HMRC’s Tax Threat to rentals slammed by agency chief

A holiday lettings agency has criticised the proposed rise in capital gains tax which may be introduced this week in the...

14 November 2022

From: Breaking News

Property stealth taxes to be major part of next week’s Budget

The Financial Times has an exclusive saying allowances on property taxes such as Capital Gains and Inheritance will be frozen -...

08 November 2022

From: Breaking News

Savills adds to gloom with forecast of major price falls next year

Savills is the latest agency to suggest significant house price falls next year - although in its long-range forecast it says...

04 November 2022

From: Breaking News

Arrears likely to rise as debt intensifies - Bank of England

The Bank of England is warning that many households will struggle to meet their rent or mortgage commitments if interest rates...

14 October 2022

From: Breaking News

Capital appreciation roars ahead - even before stamp duty surge

Asking prices of homes coming to the market continue to rise, even before the expected surge in demand following the government’s...

26 September 2022

From: Breaking News

Stamp Duty Cuts take effect immediately

Chancellor Kwasi Kwarteng has announced that stamp duty will be cut.  In future there will be no stamp duty on the first...

23 September 2022

From: Breaking News

Holiday lets agency gives insight into frantic summer business

New research predicts a record year for holiday home owners in the UK with more people than ever planning to staycation...

25 July 2022

From: Breaking News

PropTech boss says renters feeling the pinch because of inflation

The boss of a PropTech rental platform claims that tenants are particularly badly hit by the current cost of living crisis. Research...

10 June 2022

From: Breaking News

More renters likely to be helped by Bank of Mum and Dad

The cost-of-living crisis is leading to further dependence on the Bank of Mum and Dad, following an extended period of support...

19 May 2022

From: Breaking News

 Going Up! Five year rental forecast makes happy reading…

The latest forecast for the UK lettings market this year is that there will be a four per cent rise in...

13 April 2022

From: Breaking News

Renters to suffer badly in cost of living crisis, warns analyst

Renters are amongst the three groups likely to suffer worst as the cost of living crisis unfolds, an analyst has warned.  Sarah...

01 April 2022

From: Breaking News

Government failing to protect private renters, says watchdog

A report by the National Audit Office claims that the way private renting is regulated makes the sector unfair to renters. It...

10 December 2021

From: Breaking News

Younger tenants claim “unforeseen” agency fees make them poorer

Many young Britons allegedly live beyond their means, blaming high rents and “unforseen” agency charges as contributory reasons.  A home insurance company...

23 November 2021

From: Breaking News

PropTech: could open banking help the lettings industry?

A PropTech firm says Open Banking could help to transform the lettings industry for the better if it is fully embraced.  And...

17 November 2021

From: Breaking News

700,000 will use Breathing Space debt delay, admits government

The government has admitted that “hundreds of thousands” of people will use the new Breathing Space system, during which they cannot...

05 May 2021

From: Breaking News

Agents should educate landlords over Breathing Space scheme - call

A prominent industry figure says lettings agents will have a key role educating landlords over the controversial Breathing Space scheme introduced...

05 May 2021

From: Breaking News

Almost 700,000 renters facing eviction says campaign body

A group of rental campaign bodies have come together to claim that some 694,000 tenants apparently face eviction when the current...

15 April 2021

From: Breaking News

It’s Time To Talk About PropTech

Real estate as an industry has remained unchallenged throughout all of these years. For the industry worth more than 217 trillion...

19 March 2021

From: Sponsored Content

Furlough extension will be saviour for many agents - PropTech chief

The extension of the furlough scheme might be an indirect saviour for many lettings agencies says a leading PropTech entrepreneur. Neil Cobbold,...

04 March 2021

From: Breaking News

Renters’ worries not eased by eviction ban, claims PropTech firm

A PropTech supplier says that financial worries for renters have not been placated by the current ban on bailiff-enforced evictions.  In a...

03 February 2021

From: Breaking News

Court backlogs and eviction curbs to dominate 2021 - Propertymark

The new chief executive of Propertymark has outlined what he sees as the main challenges for the rental sector for 2021. In...

31 December 2020

From: Breaking News

Government must act on eviction backlog and landlord hardship - ARLA

ARLA Propertymark has given a detailed response to a government consultation on how the pandemic has hit the private rental sector. The...

04 December 2020

From: Breaking News

Agencies should review banking and payments - PropTech chief

Letting agencies should review banking and payment systems in the light of rule changes and the ongoing challenge of the pandemic. This advice...

20 November 2020

From: Breaking News

Think tank wants government help for households hit by pandemic

The Resolution Foundation has added its voice to that of many charities and other think tanks demanding more government support for...

17 November 2020

From: Breaking News

Delivering a speedy end of tenancy deposit negotiation – the top tips

Tenancy deposit disputes are messy and often frustrating for all involved. While the number of formal disputes remains low, the pandemic...

10 November 2020

From: Legislation & Compliance

How can Open Banking benefit landlords and letting agents?

Letting agents and landlords have faced huge change and uncertainty this year, with Covid-19 the major driver. But even before the...

05 November 2020

From: Proptech & Innovation

Agents face crucial role in coming months

The role of lettings agents has never been more crucial to landlords and tenants than it is now and will be...

28 September 2020

From: Sponsored Content

Many tenants worry about ability to pay rent, says PropTech firm

A survey of 2,750 tenants by a prominent PropTech firm suggests a quarter are concerned about not being able to pay...

22 September 2020

From: Breaking News

Warning to agents - three reasons why arrears may rise from next month

A leading PropTech entrepreneur is warning agents to prepare for increased rent arrears from as soon as next month. Neil Cobbold, chief...

30 July 2020

From: Breaking News

Agents offer arrears help to tenants hit by Corona cash crisis

ARLA Propertymark and other organisations from across the housing sector have joined forces to support tenants and landlords facing rent arrears...

03 July 2020

From: Breaking News

Thinking of selling or rebranding? Franchise giant on the look-out...

Belvoir says it is on the lookout for agencies wanting to sell or join a franchise operation as they come out...

25 June 2020

From: Breaking News

Shelter claims thousands of renters face eviction as lockdown ends

Shelter has delivered a 14,000-signature petition claiming that thousands of private renters who have lost their jobs could be facing eviction...

11 May 2020

From: Breaking News

New EPC assessment guidance - Conquering Corona

Hello and here’s the latest daily update to help the industry through these unprecedented times.  If you have any appropriate advice you...

03 April 2020

From: Breaking News

Selfless agency staff become heroic local helpers

Like many agencies, the Milton Keynes company Cauldwell Property Services has most of its staff working from home and handling sellers’...

01 April 2020

From: Breaking News

Latest Coronavirus guidance for agents from across the industry

Hello and welcome to today’s Conquering Corona, a service we’re running to share official guidance and agents’ advice in a bid...

17 March 2020

From: Breaking News

Breakthrough for agents as Open Banking set to speed and improve payments

Letting agents will for the first time be able to use Open Banking to process payments more efficiently, following a decision...

11 March 2020

From: Breaking News

One in 10 private tenants use overdrafts to fund rent - claim

The parlous state of many tenants’ personal finances has been highlighted by website CompareTheMarket which claims that one in 10 rely...

09 March 2020

From: Breaking News

SUCCESS STORY: How to win at Financial Services

When Wolverhampton estate agency Thomas Harvey opened its doors more than 50 years ago, mortgages weren’t really part of the equation...

28 February 2020

From: Sponsored Content

Landlords urged to prepare for ‘last straw’ in maintaining profitability

Landlords must look at their finances as a range of tax changes continue to 'hit home', according to Apropos. The property management...

07 October 2019

From: Breaking News

Straight-As - uni dropouts thrive with student letting agency

Two university dropouts who started their own student letting agency have recorded their busiest ever start to an academic year. Harry Conti,...

04 October 2019

From: Breaking News

Direct payment to landlords helps curb Universal Credit arrears - claim

A leading lettings sector trade body says evidence shows the direct payment of benefit to landlords is the biggest possible contribution...

19 September 2019

From: Breaking News

Buy To Let now so restricted by law, investors must try something new

One of the country’s leading property management experts says buy to let is here to stay - but only if individual...

28 August 2019

From: Breaking News

Rental option gives landlords average £10k-plus lump sum

A new rental option for landlords could see them receiving an upfront annual lump sum of over £10,000. The Advanced Rent Option...

20 August 2019

From: Breaking News

Higher rent to combat fees ban should be last resort says mortgage boss

The chief executive of a specialist buy to let lender says increasing the rent to combat additional costs put on landlords...

29 April 2019

From: Breaking News

New buy to let purchases to plummet as landlord taxes bite - forecast

There will be less buy to let remortgaging in future as landlords consolidate rather than expand their portfolios. The prediction comes from...

11 April 2019

From: Breaking News

BTL management service says it offers wider choice than traditional agents

An online platform says its management service for landlords can vary depending on individual client needs - a vital response to...

26 February 2019

From: Breaking News

Controversial landlord couple must reveal finances to court

One of Britain's highest profile landlords is to be sentenced on December 11 - and she must show the court details of...

20 November 2018

From: Breaking News

Brexit warning issued by HomeLet chief executive

Brexit is causing concern among landlords, according to HomeLet. The initial results of HomeLet’s annual landlord survey says nine out of 10...

15 October 2018

From: Breaking News

Your Move chief boasts of higher yields than most of England and Wales

The latest rental figures produced by Your Move for Scotland have prompted a claim that the country now has better yields...

28 September 2018

From: Breaking News

The biggest challenge facing estate agents today…

What is the biggest challenge in estate agency today? At the risk of sounding flippant, selling houses! It’s a unique industry...

11 June 2018

From: Sponsored Content

Ben Robinson, Director of Agency Services at Landmark

Who are you and what does it say on your business card? Ben Robinson, Director of Agency Services at Landmark What is Landmark...

03 May 2018

From: 60 Second Interview

‘Over half BTL investors to sell some properties’ - claim

Specialist funding platform Property Partner has conducted a survey which suggests that 54 per cent of landlords are selling all or some...

12 April 2018

From: Breaking News

Agency research lifts the lid on tenants' finances and demographics

The average rental household in London has 2.1 rent-paying tenants, each paying £775 per month, equating to an average property rent...

20 March 2018

From: Breaking News

Some student rents have risen 18% in just a year, claims agent

Student rents in some parts of the country have risen by as much as 18 per cent in the past year...

06 November 2017

From: Breaking News

Rents still slowly rising according to latest Your Move data

Latest data from Your Move’s rental indices suggest that rents are growing, with the average in England and Wales now £904,...

29 September 2017

From: Breaking News

Will Hammond's incorporation clampdown hit buy to let?

There was a sigh of relief amongst the lettings industry that yesterday's Budget introduced no new property taxes - but concern...

09 March 2017

From: Breaking News

Serious rent arrears drop four per cent thanks to higher employment rate

There were 3,100 fewer private rental households in serious rent arrears in the first quarter of this year compared to the...

15 June 2016

From: Breaking News

Letting agents set to remind consumers about client money protection

Next week letting agents across the country will be taking part in the fifth annual SAFEagent Awareness Week. The event aims to...

03 June 2016

From: Breaking News

Shawn Brown, PayProp Business Development Director

Q: What does it say on your business card? Director of Business Development Q: Who are PayProp? PayProp is an automated payment and reconciliation...

12 May 2016

From: 60 Second Interview

Arrears being paid off as household finances improve, says letting agency

Scottish tenants are paying off late rent amid improving household finances, according to Your Move.  As of January the proportion of late...

24 February 2016

From: Breaking News

Private rental repairs 'deferred because of Osborne tax changes'

Research shows that landlords are scaling-back repairs over the winter in order to optimise finances when a new wear and tear tax...

20 November 2015

From: Breaking News

London Mayor hopeful backs protests to show 'rental market out of control'

The Green Party candidate for London Mayor says protests outside the MIPIM property conference have her backing as they highlight that...

22 October 2015

From: Breaking News

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