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Newcastle extends licensing scheme compliance deadline again due to coronavirus

Newcastle City Council has extended the deadline for landlords to comply with two licensing schemes introduced in April, for a second time. Landlords who have rental properties in the designated areas will now have until 5th October 2020 to comply. Second extension Both selective licensing scheme and an additional licensing scheme commenced in Newcastle on […]

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Clarity on new electrical safety regulations

The Government has today clarified how new electrical safety regulations for landlords should be interpreted. The NRLA sought clarification from the government on this matter, following an update to the landlord guidance last week which caused some confusion on compliance with the regulations and implementation dates. Previous guidance on the regulations, published at the start […]

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Could rapid recovery in the rental market spark problems for landlords?

A potential ideal storm could be imminent as brand-new research reveals that the bounce-back of the rental market complying with Covid-19 might incorporate with incoming electric checks legislation, causing a backlog of administration for landlords. According to national service provider of residential property certificates, PropCert, with even more relocations anticipated to occur in the coming …

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Lockdown sees rental listings rise as demand crashes for Airbnb

According to freshly released figures, demand for Airbnb lodging has sagged, resulting in rental listings rising throughout UK cities. The information reveals that London has actually seen a typical 112% rise in readily available buildings, compared with the very same duration last year. One as well as 2 bedroomed properties observed the biggest leap is …

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Which property type currently offers the best yields across major cities?

The current research study by lettings management platform, Howsy, looks at which residential or commercial property type provides the very best monetary investment when it comes to buy to let rental yields across the UK’s major cities. Previous research from the firm located that 3 was the magic number for rental returns, providing the greatest

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Landlords welcome partial reopening of Welsh housing market

Landlords have welcomed moves to partially reopen the Welsh housing market. The Welsh government has today announced existing restrictions will be relaxed, meaning landlords can start to re-let empty homes. The changes mean: Empty homes can be viewed. Occupied properties can be advertised John Stewart, NRLA deputy director for policy and research said: “This is […]

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Why are more DIY landlords looking to use agents on full management?

More landlords a looking to agents to take the strain by appointing them on full management contracts These are turbulent times for both property managers as well as agents: Covid-19 has actually thrown an unprecedented curve-ball right into what was already a progressively complex environment in the UK lettings market, making more landlords consider full …

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Court case provides welcome clarity on repossession notices

The Court of Appeal has today sided with private landlords in a case which threatened the way they could repossess properties. The case of Trecarrell v Rouncefield centred on the relationship between Section 21 notices and gas safety certificates. The landlord, Trecarrell House Limited, was initially granted an order to repossess the property using Section […]

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Landlords struck by rental fee financial obligations will certainly need crucial support from letting agents

Landlords struck by rental fee financial obligations will certainly need crucial support from letting agents With almost 8.5 million individuals leasing and investing in average over 40% of their earnings on real estate expenses, it is unsurprising that more property owners are encountering lease arrears– a problem expected to intensify over the coming weeks. With …

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