Lettings

The features we assume tenants are looking for and what actually ticks their boxes can be two very different things. To establish the most in-demand aspects, Rightmove examined more than 600,000  property listings, looking at what was mentioned in the property description in relation to the homes with the highest number of enquiries.

Subletting is a recurring subject in the world of rental property. For those who are not familiar with the term,subletting is when the original tenant named on the legal agreement moves out and rents the entire property to someone else. Alternatively, the original tenant stays in the property and rents out a room or multiple rooms. Unless the landlord has agreed to subletting, the act will be a breach of the tenancy agreement and constitutes grounds for eviction.

Tenants have a duty of care to look after gardens, roof terraces, courtyards and balconies. This covers what grows outside, what is added – or taken away – and what happens in the outside space. Failure to look after the great outdoors could result in deductions from the deposit, so it’s vital to know what is expected of tenants.

May was the month when the Renter’s Reform Bill was introduced to Parliament. The Government has a deadline to keep as it wants the contents to become law before the next general election, which has to happen by 28thJanuary 2025.

Life has got more expensive for the majority of us and a review of finances is frequently needed to ensure we’re balancing the books. This is especially true for landlords who, for the first time in many years, will find mortgage rates have doubled since they last looked at home loans.

Making a ‘house a home’ is a saying that applies to everyone, including tenants, but there is often confusion over what a renter can do to a property in terms of DIY and decorating. In this blog, we explain how a tenancy agreement will provide clarity, and we’ll suggest a number of ways to personalise a rental property without making permanent changes.

The demand for rental property is unlikely to drop or diminish in the United Kingdom, especially in London. While there is a growing range of support mechanisms and schemes for first-time buyers, many households find buying a house to be unaffordable, regardless of the support systems in place. On top of that, fluctuations in the cost of living take a negative toll on buyers, making it difficult to save up for the deposit.

The new year has certainly started on an upbeat note for the lettings sector. A survey by Finbri found more than 50% of UK property investors intend to expand their property portfolios in 2023. 

In 2025, house builders and property developers will be banned from installing conventional gas boilers in the new properties they build. In 2035, the sale of conventional gas boilers will also be banned. 

Due to new laws implemented from October 1 2018, any property with five or more unrelated residents from at least two separate households living in a three storey property will require the landlord to seek a Mandatory HMO licence.

New HMO regulations have been in effect since October 1, 2018 which has led to a growing number of enquiries from landlords who own properties that are now classed as HMOs.

From October 1 2018, new laws were implemented by the government with regards to House in Multiple Occupation (HMO) ownership. This removed the existing rule which required landlords to apply for a licence if their property had at least three storeys and five occupants that comprised of two or more family units.