Landlords spend an estimated £839m each year upgrading newly purchased rental property before letting it out to tenants, helping to drive-up standards in the sector.
Optimistic outlook for buy to let … except for one location
The latest house price index, produced by the website Home, gives a broadly optimistic outlook for landlords and other buy to let investors – except, that is, in London. Home’s director, Doug Shephard, says the capital is in short term lettings difficulties because of a glut in supply – up a jaw-dropping 30 per cent on this time last year, …
NALS calls for CMA report into fees
A recent report by the Competition and Markets Authority (CMA) into legal services concluded that competition in legal services for individual consumers and small businesses is not working well. In particular, there is not enough transparency on price, quality and service to help those who need legal support choose the best option. https://www.gov.uk/government/news/cma-demands-greater-transparency-from-legal-service-providers NALS CEO, Isobel Thomson, said: “It’s …
NALS wants Competition and Market Authority to look at agents’ fees
The National Approved Lettings Scheme says it wants the Competition and Markets Authority to step into the debate over lettings fees A statement from NALS yesterday evening said that the CMA’s report into competition in the provision of conveyancing – as reported on Estate Agent Today recently – commented on that industry’s alleged lack of transparency on price, quality and …
Deterring Buy-To-Let Investment Will Harm Tenants More Than Landlords
Measures which discourage investment in the private rented sector in the face of population growth and low housing supply can only push up rents and harm tenants more than landlords, a new report from the Intermediary Mortgage Lenders Association (IMLA) warns. The report – Segmenting the UK mortgage market – examines the key issues facing the main segments that …