Government Facing More Criticism Over PRS Oversight
As the UK Government battles growing criticism on various fronts, watchdogs and industry bodies are sharing their dissatisfaction. A recent report from the National Audit Office (NAO) suggests government regulation of the Private Rental Sector (PRS) makes it unfair towards renters. That's a view that lettings professionals and even some MPs have shared in the past week or so.
Should landlords be doing more to reduce their tenants’ energy costs?
As gas prices continue to climb, many tenants are becoming increasingly concerned about their energy costs. Some argue that, however careful they are about their usage, their ability to keep bills under control is hopelessly compromised in less energy efficient properties – and that landlords should be doing their bit by making upgrades where necessary.
Luton and Norwich Enter the Top 10 BTL Investment Cities Across the UK
As we near the end of a whirlwind 2021, many people are considering their plans for the coming year, including potential investment options. If Buy-to-Let (BTL) investment is on your wish list for 2022 - as a new landlord or expanding your existing portfolio - then some recent research might be helpful. An annual BTL city tracker details some key elements property investors look for, giving you a good idea of what kind of price you can expect to pay and also the potential yield you could secure.
Rental market bounces back in 2021
While the property sales boom has been one of the surprise success stories of the past year and a half, the overall strength of the rental market has been less clear. Reports and news stories have tended to focus on particular issues like arrears or evictions, rather than getting a sense of whether the private rented sector is in a better or worse position than it was in 2019. However, a few recent studies have tried to shed a bit of light on this.
Welsh Government Launches PRS Leasing Scheme
Public sector tenants in Wales should be given the opportunity to agree long-term tenancies on properties leased from the private rental sector following the announcement of new government scheme. The news comes in addition to a previous commitment from the Welsh government to build 20,000 affordable homes for rent in the next five years.
Updates to smoke and carbon monoxide alarm regulations
New rules on smoke and carbon monoxide alarms in rented properties have recently been announced, as the government continues to push forward safety standards in the private and social rented sectors. While the rule changes have come out of a 2020 white paper on social housing, the amended regulations will affect private rented accommodation too.