The Buy-to-Let Properties Most in Demand
As we are all aware the supply of properties available to rent cannot keep up with the demand from prospective tenants and as one of the largest local agents, at Pennington, we are certainly seeing this. This all means that rents are healthy but what does it mean for those thinking about investing in property? […]
Changes to carbon monoxide alarm regulations
New regulations – the Smoke and Carbon Monoxide Alarm (Amendment) Regulations 2022 – state that from 1st October this year, all rented properties in England must provide a carbon monoxide alarm in rooms where there is any type of fixed combustion application. All alarms must be in proper working order at the start of a […]
Have your say on property tax simplification
The Office of Tax Simplification (OTS) is asking for views about how the taxation of property income could be simplified and has launched an online survey on a number of related topics. This is for long term rentals, holiday lets and the rent a room scheme and covers a range of questions including how easy or […]
Increasing tenancy length and rising rents
The latest industry report into the private rented sector (PRS) from Propertymark shows that supply and demand of rental properties continues to be out of balance, with tenants remaining in properties for longer than previously. Members of Propertymark reported an average of eight properties per branch and while this was an improvement on the previous […]
Evaluation of PRS legislation needs better data
There are over 125 individual pieces of legislation that now govern the private rented sector (PRS) and much of this is essential to support a safe, fair and protected housing market for landlords and tenants alike. However, the piecemeal approach often applied by the various Government departments that are involved in the PRS, has made […]
Top Tips for First Time Renters – Part Two
Last week I gave the first in a two-part series on tips which might be useful for those renting for the first time – or in a long time – and here is the second part to that which I hope you find useful. Sort out the bills Let utility companies and the Council Tax […]
Top Tips for First Time Renters – Part One
With an increasing number of people looking to rent I thought it would be useful to give some advice to those who are first time renters. Latest data from the industry body Propertymark shows that the private rented sector is under pressure as their members report an average of 142 applicants registered per agent branch […]
Tips for New Landlords – Part Two
Last week I provided the first in in a series of two, some tips for landlords as the number of those looking to rent continues to rise. Add in short-term measures brought in with Covid-19 and there are numerous – and changing – legal requirements to keep you the right side of legislation. If you […]
Tips for New Landlords – Part One
With the latest report on the private rented sector once again showing that demand is far outstripping supply, the sector continues to be under huge pressure. Propertymark member branches reported an average of 142 applicants registered in February compared to an average of just five properties to rent in the same period. With a rising […]
Helping with Homes for Ukraine
With many local people looking to see how they can help those fleeing the war in Ukraine, questions are being asked about what this means for tenants who want to help or landlords letting their property. Registration is at the heart of the scheme and those registered will receive updates from the Department for Levelling […]