Latest Property News - Letting Agent Tips - Letting Agent Today
WEBEstate Agent Today provides daily industry, Estate Agency, Property Market, Housing, Moving Home and Online Estate Agent News updates for the UK's letting agent community.
Artificial Intelligence service “triples margins for lettings agents ...
WEB19 hours ago · An AI-enabled rental service has bought out a small agency and claims it is the start of a process that will help agencies across the country triple their margins. A service called Dwelly has bought out a Hull agency – Lime Property – and its lettings book of 1,000 units. Dwelly says it’s going to inject AI into the agency it has acquired ...
Tenants renting longer and paying more – new survey’s findings
WEBThe figures are highest among 24 to 45-year-olds, where those who live in their own home has fallen from 64 to 59 per cent and private renters have risen from 20 to 25 per cent.”. Coles says that her analysis proves that in 2021/22 renting was far more expensive than paying the mortgage. At that stage – before the glut of recent interest ...
Breaking News Archives - Letting Agent Today
WEB5 days ago · Damp and Mould in rental property – New guidance issued to agents. Written by: Graham Norwood. Following two surveys of letting and managing agents, new guidance has been published by The Property Ombudsman to help agents, landlords and tenants deal with condensation, damp and mould in their homes. ... 18th September 2024.
Will It Work? Mortgage change tries to turn renters into buyers
WEB1 day ago · The change means a first-time buyer couple with a joint income of £50,000 can now borrow up to £300,000 with Helping Hand, compared to c£225,000 without, an increase of £75,000, assuming a five per cent deposit and no other costs impact affordability. In further support to first-time buyers, Nationwide is also cutting mortgage rates.
Damp and Mould: Propertymark says agents must help landlords
WEB2 days ago · Propertymark says it is unlikely that landlords alone can solve problems of damp and mould in some private rental sector properties. Last week The Property Ombudsman gave new guidance to help agents, landlords and tenants deal with condensation, damp and mould in their homes. A survey of 719 letting agents by TPO showed that nearly all had ...
Revealed: What landlords are thinking, saying and planning right …
WEBRevealed: What landlords are thinking, saying and planning right now. The value of the Private Rented Sector in England, Wales and Scotland grew by 5.8 per cent to a jaw dropping £1.4 trillion in the last year according to a new report from Shawbrook Bank. Since the first national lockdown, house prices have rebounded at pace.
Rents set to rise further as landlords scale back, RICS warns
WEBSep 11, 2024 · Meanwhile, tenant demand edged up slightly over the month, although the latest net balance of +11% is softer than the +26% recorded in July. Near-term rental price expectations continue to point to a steady increase in the months ahead, returning a net balance of +39%.
Big rise in lettings enquiries to The Property Ombudsman
WEBThe Property Ombudsman has reported a big rise in enquiries over last year and a huge rise since the pre-Covid year, 2019. Demand for help and advice from TPO rose by 15 per cent in 2021 to 45,007 enquiries, and has risen by a staggering 48 per cent since 2019. Throughout 2021, TPO’s consumer enquiry services, delivered through its portal and ...
Lettings market crisis laid bare by latest figures
WEBNew figures from property consultancy TwentyCi lay bare the challenges faced by the lettings sector. In the third quarter of 2022 new instructions and lets agreed were down by 25 and 19 per cent, respectively; and in contrast to the owner-occupied sector, there was a marked supply and availability issue, as some landlords withdrew from the market because of tax changes put in place in 2019 ...
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