tenancy
Analysis suggests ban on lettings fees will not have major finance impact for landlords
Private sector landlords in the UK are not facing large extra costs due to the new ban on letting agent fees with the financial impact amounting to around £25 a month on average, according to new research. If letting agents pass on the cost to landlords it will amount to a loss of just 0.14% […] The post Analysis suggests ban on lettings fees will not have major finance impact for landlords appeared first on PropertyWire . Continue reading →
Letting agent fee ban will lead to higher rents, industry warns
The decision by the Chancellor of the Exchequer to ban letting agent’s fees in England and Wales could backfire and end up leading to rent rises, according to the industry. Philip Hammond announced in his autumn statement that the ban will help 4.3 million households in private rental housing and stop them being hit by […] The post Letting agent fee ban will lead to higher rents, industry warns appeared first on PropertyWire . Continue reading →
Asking rental growth slowing in UK, especially London and South East
Rent growth in the UK is slowing, particularly in London and the South East, but up overall 3% in October year on year, the latest index shows. New tenancy rents were on average £902 per month, according to the HomeLet rental index which suggests that landlords appear to be balancing affordability with returns. It was […] The post Asking rental growth slowing in UK, especially London and South East appeared first on PropertyWire . Continue reading →