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Estate 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.
Foxtons backs Renters Reform Bill and will update landlord clients
16 hours ago · Foxtons has taken the unusual step of using a scheduled trading statement to express support for the Renters Reform Bill. It tells shareholders that it supports many of the initiatives embedded in the Bill and that it will update customers with “critical value-add and timely advice and services to our customers as the Bill progresses.”
PropTech supplier says new lettings products help ‘elevate the …
16 hours ago · Industry supplier Reapit says its new suite of products aims to ‘elevate the agent’ with particular reference to the lettings sector. At an international product launch – called Elevate ’24 – the supplier claimed the new products “represent a major leap forward in Reapit’s drive to equip agents with all the tools they need to build thriving estate agencies under one roof.”
Agents attack ‘unintended consequences’ of Labour’s Renters …
16 hours ago · Propertymark says the Renters Rights Bill could have severe unintended consequences and further slash the supply of homes in the private rented sector. Timothy Douglas, Propertymark’s Head of Policy and Campaigns, highlighted the potential unintended consequences of the Bill to a parliamentary ...
Tenants want greener rental homes but won’t pay for them
1 day ago · Leaders Romans Group claims there’s a “significant gap” between tenant demand for energy-efficient rental properties and their willingness to pay for them. As the government considers new regulations requiring rental properties to meet an Energy Performance Certificate rating of C or higher ...
Rents still rising but growth cooling according to Connells data
3 days ago · The average rent for a newly let property in Britain hit a high of £1,384 pcm last month – but the pace of growth is cooling. That’s the verdict from Connells’ high end brand Hamptons. Average rents rose 4.5% year-on-year, down from 5.0% in August and 11.7% in September Last month was the ...
Referencing absolutely vital under Renters Rights Bill – claim
Referencing will become increasingly important for agents and landlords when the Renters Rights Bill becomes law, it’s been claimed. The abolition of Section 21, increased powers given to tenants and no end in sight to lengthy court delays combine to mean it’s more important than ever that tenants are carefully vetted before contract stage.
Agents’ growing concern on huge challenges facing private rental …
Agents in the Guild of Property Professionals have voiced their growing concerns about a raft of measures – most actual, some potential – which risk damaging the private rental sector. In a statement voicing collective worries, the Guild has emphasised five …
Will It Work? Mortgage change tries to turn renters into buyers
This will give potential homeowners a 33% uplift versus Nationwide’s standard lending at 4.5 times income. 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.
RICS says lettings optimism rising despite supply-demand mismatch
The latest Royal Institution of Chartered Surveyors (RICS) Residential Market Survey shows rental demand continuing to grow and outstrip supply. September saw 22% of respondents showing growing demand, but a further drop in properties listed for rent, with a 29% retreat. RICS says this trend is ...