Renting news (January 2012)

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Latest Renting news

New landlords 'must be aware of responsibilities'

Landlords who are new to the lettings market need to be aware of all of their responsibilities in order to be successful, according to one market specialist. David Lawrenson, private rented sector expert at LettingFocus.com, said it is a good idea to use a reputable and respected letting agent, as they are usually reliable and landlords can be sure they have levels of ...

27th Jan 2012

Rental market 'hard to predict' in 2012

It is hard to predict what will happen in the UK rental market in 2012, according to one expert on the subject. Peter Bolton King, chief executive at the National Federation of Property Professionals, said the rental market is "all over the place" at the moment. He explained that some members are reporting in a lot of areas there is a "real shortage" of ...

26th Jan 2012

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Buy to let 'generating high yields' in 2012

People thinking of investing in buy to let property may find that focusing on the north of England is the best bet, according to one expert. Tanya Powley, of FT Money, said there are some areas and towns where landlords can actually get "a very high yield", with the highest being 7.6 per cent observed Burnley. She noted that a lot of the higher buy-to-let yields ...

24th Jan 2012

Letting 'is a growing market'

The lettings market in the UK is currently stronger than ever and this position is only likely to be bolstered in the month ahead, it has been claimed. Tom Entwistle, editor and founder of the advice organisation Landlord Zone, said that letting is a "growing market" and new landlords are entering the field all the time. "Residential letting is a growth ...

24th Jan 2012

National averages 'should not be used' to assess rental market

The country's rental market should no longer be assessed using a national average due to the regional differences currently taking place, according to one sector body. Malcolm Harrison, a spokesman for the Tenancy Deposit Scheme, said that everything is becoming "much more regional" and it is now area by area. It comes after the Association of Residential ...

20th Jan 2012

Student accommodation sector 'will be strong in 2012'

There is a great deal of evidence to suggest that it may be beneficial for people to invest in student accommodation this year, it has been claimed. Peter Mindenhall, researcher at IPINGlobal.com, said that investment volumes over the past year or so would dictate that the sector is "very strong indeed", despite the introduction of student fees. As a result, there ...

17th Jan 2012

Tenant demand 'will grow in 2012'

Demand for UK rental property from tenants is set to grow in the coming months, according to one industry body. Research carried out by the buy to let lender, Paragon Group, revealed that landlords are expecting tenant demand to continue to be as strong as ever in 2012. Some 56 per cent of the landlords who took part in the quarterly survey said that they expect tenant ...

13th Jan 2012

Trusty letting agents 'far outweigh' disreputable ones

The overwhelming majority of UK letting agents are trustworthy, and potential renters should not be put off by the very small proportion of stories about disputes regarding tenancy agreements, one expert has advised. Malcolm Harrison, spokesman for the Tenancy Deposit Scheme, said there is still the worry for some tenants that if they hand over a deposit, they are unsure ...

12th Jan 2012

Buy to let 'an attractive investment'

An increasing number of landlords are entering the UK buy to let market as it continues to appear an "attractive investment", one industry specialist has claimed. David Lawrenson, private rented sector expert, made the comments after the Association of Residential Lettings Agents (Arla) reported that the number of homes coming onto the rental market because they ...

10th Jan 2012

UK rental market 'is still strong'

The rental market in the UK is currently far stronger than many people believe, according to one specialist. Tim Morgan, a property market expert and partner at Emerging Real Estate, explained that the rental market in the UK is in a decent position, with the third quarter of 2011 year seeing rental properties being let in an average of 12.7 days. He noted that this is down ...

5th Jan 2012

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