letting agents News
04/02/2021
Many agents have sent out stark warnings that the private rental sector will be forever changed as both landlords and tenant’s objectives have been and will be drastically changed due to the Covid pandemic.
Image credit: Pexels
Speaking t…
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07/01/2021
An estate agency north of the border has introduced a new modus operandi in selling housing stock as it is now selling tenanted properties to other landlords which achieved a record year.
Image credit: CanStockPhoto
The agency which opera…
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29/11/2020
The government wants landlords and lettings agents to be “considerate” when choosing which tenant they will let their property to when basing their decision on references.
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The somewhat strange comment came from Chris Pinc…
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18/09/2020
Neil Cobbold of a PropTech company is sending out a stark warning to lettings agents that they should not to be tempted into charging any form of extra fees that are illegal.
@LittleIvan via Twenty20
He believes …
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01/05/2020
According to The Guild of Property Professionals, it is of paramount importance that estate and letting agents should be one of the first industries to be allowed back into their offices, once the lockdown restrictions start to be relaxed.
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13/12/2019
The Nationwide Building Society has recently held a roundtable discussion group of rental industry heads and has published the group's recommendations for a compulsory regulation of letting agents.
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03/07/2019
A lettings trade body has recently attended a 'summit' at No.10 Downing Street this week, to take part in a roundtable meeting to discuss the 'supposed' blanket ban, within the PRS, of not letting 'homes' to housing benefit recipients.
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27/06/2019
Latest research from a property management service for lettings agents, reports that agents could be losing thousands of pounds every year of potential income by not offering a full property management service to their landlord clients.
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15/05/2019
Lettings agents are defending landlords who use the type of “No DSS” phrases in properties to rent listings, as many have to because of their mortgage lenders or insurers' terms of conditions.
canstockphoto.com\
MPs on the W…
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22/02/2019
A Labour politician has stated it is highly likely that “unscrupulous” letting agents will be out to make as much money as possible from tenants, as they will be increasing their usual fees and charges up till June 1st when the tenant fees ban comes …
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11/01/2019
The CEO of a PropTech (tech married with real estate) company is warning letting agents that to be able to cope with the oncoming letting fees ban, they must provide extra services for their landlords, become more transparent and more tech savvy.
…
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14/09/2018
An estate and lettings agent is calling for the government to support BTL investors, or risk causing an increase of vulnerable people becoming homeless.
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The agent says that the government has to sta…
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24/09/2017
A London council has fallen flat on its face by trying to 'tempt' Lettings Agents to give up their tenant fees prior to the government's introduction of the ban throughout England, as only two firms have supported their request in the first f…
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27/08/2017
Source: newstatesman.com
Newham council has just announced that it will be launching the first letting agents rating scheme to help tenants and landlords avoid being taken in by rogue agents.
The council has passed plans to sho…
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12/07/2017
The widely perceived view across the PRS is that the banning of tenant's fees is an extremely 'onerous' government measure that could have far reaching implications on the rental market.
Everybody expects that landlords will have to compen…
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14/06/2017
In just under six months, more UK landlords are opting to contract letting agents to manage their properties.
An association claims that from its latest survey of property investors, 61% of the landlords are using lettings agents to look a…
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03/05/2017
An association has predicted that the intended banning of tenants' fees by letting agents across England, may not start until the last quarter of 2018.
The government's consultation process on the ban will still be accepting responses from…
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06/03/2017
The CMA (Competition and Markets Authority) in two historic cases has slapped agents, found to be price fixing, with over £1million in fines. The Authority is committed to fighting the illegal practise and will take on any agents irrespective o…
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06/02/2017
An association of residential lettings agents has told the government to ban letting agent fees that are incurred by tenants at the start of their tenancy, however they are urging it to replace the fees with costs that are spread over the first six m…
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20/12/2016
Claims are being made that landlords who are using a letting agent can on average save £1,910 a year if they leave the marketing of their property to the 'experts'.
An insurance company polled 500 UK landlords and discovered that th…
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Older News
Fit for Habitation|March 2019 The ACT is intended to define minimum standards a rental property MUST
be and makes a clearer pathway way for Tenants to be compensated|https://www.pims.co.uk/fit_for_habitation_act_march_2019/
Guarantor|The person who provides a guarantee and promises to make payment good should the person responsible for the agreement fail|http://www.pims.co.uk/guarantors/
MEES|The Minimum Energy Efficiency Standard (MEES) Landlords are charged with the requirement to bring their rental property to a minimum EPC rating of E. Property with F and G rating will effectively be banned from the rental market April 2018 |http://www.pims.co.uk/epc/
Section 11|Section 11 of the Landlord and Tenant Act 1985 places an obligation on the landlord to maintain the structure and exterior of the property, including installations for the supply of water, gas and electricity, heating systems, drainage and sanitary appliances|http://www.pims.co.uk/landlord-section-11-repairs/
serving date|This date is the date deemed received at the property - as an example if posted allow for posting days|/serving-notice-on-a-tenant-delivery-days/
Tenancy Application|The objective of vetting is to empower yourself so you can make an informed decision as to the calibre of the prospective person. Making your decision on facts and figures is invaluable and this is why you should always take references. The application form also provides you with permission to perform credits. This form details all the information you should ever require deal with most eventualities including absconding tenants|http://www.pims.co.uk/doc/57/
Tenant Fees|From June 2019 where renting properties in England gone are the days of charging for admin, letting fees, vetting, references,
inventory, check in, check out, cleaning, pet insurance or ANY other fee
that is not explicitly permitted within the legislation. |https://www.pims.co.uk/ban_letting_fees_act_2019/