Renting news (March 2012)
Latest Renting news
Private rented sector 'will continue to grow'
The UK's private rented sector is in great shape at the moment and will only continue to expand in the coming months and years, it has been predicted. According to Stuart Law, chief executive at property investment adviser Assetz, he agrees with a recent report by Savills which claims that rental Britain is "here to stay". What this means, according to Mr Law, ...
30th Mar 2012
London 'a great place to invest in property'
London is among the best places in the UK to invest in property , and represents an ideal location for landlords looking to expand their portfolio, it has been noted. Chris Norris, policy manager at the National Landlords Association, said that anywhere in the south of England is generally a good bet to invest in property, as the market has traditionally been strong and ...
30th Mar 2012
Renting news archive
UK average rental prices fall
The average monthly price of renting a UK property fell last month, according to the latest report. Research by LSL shows that rents dipped slightly as an increasing number of tenants made their first move onto the property ladder to beat the end of the stamp duty holiday. The data, published in the company's latest Buy to Let Index, shows that the average rent in ...
29th Mar 2012
Rental yields 'will hold firm' in 2012
Rental yields are likely to be maintained in 2012 as the market stabilises and major movement is avoided, one analyst has predicted. Lee Grandin, director at Landlord Mortgages, made the comments after a new report by BM Solutions revealed that a 4.8 per cent growth in the average monthly rent in 2011 led buy to let investors across the UK to achieve a rental yield of 6.1 ...
27th Mar 2012
Student property rental growth 'still strong'
The student rental property market continues to be one of the safest areas of investment in the property market, and this shows no signs of abating in the near future, one expert has asserted. Marcus Roberts, director of student investment and development at Savills, said that, in terms of purpose-built student halls, there are not enough beds for the student body as a ...
27th Mar 2012
Most landlords 'will be exempt' from tenancy deposit changes
Many landlords will not need to make any changes when the amendments to the tenancy deposit protection legislation are implemented, the National Landlords Association (NLA) has stated. According to Chris Norris, policy manager at the NLA, landlords that were complying with the previous regulations will not need to do anything different, as the main change is that they used ...
26th Mar 2012
First-time tenants 'should keep things simple'
Tenants who are looking for their first rented house have been given some advice to ensure they acquire the best property for them. The Association of Residential Letting Agents (ARLA) believes there are many ways to make a move as smooth and trouble-free as possible. For one, the organisation has urged first-time tenants to research the area around a desired property , as ...
23rd Mar 2012
Landlords 'should assess the quality of a tenant'
Landlords with properties to rent have been advised on how best to handle tenants still struggling from the effects of the recession. David Lawrenson, private rented sector expert at Letting Focus, acknowledged that the current British economy means that "things are still going to be very shaky and people's finances are stretched". Furthermore, he noted that ...
22nd Mar 2012
Double renters 'need to be careful'
So-called 'double renters' - those who opt to rent out their property and move into separate rented accommodation – need to ensure that the tenancy is properly arranged, according to one sector body. Malcolm Harrison, spokesman for the Tenancy Deposit Scheme, said that, in some cases, double-renting can help people with mortgage costs. His comments followed a ...
8th Mar 2012
Buy to let property 'set to increase'
There is set to be a rapid increase in the number of buy to let mortgages being issued in the UK, according to one sector expert. Lee Grandin, director at Landlord Mortgages, said that lenders seem to be "very keen" to lend to landlords at the moment, which provides great opportunities for those hoping to move into the private rented sector. "I think there ...
7th Mar 2012