News

Consultation response: ARLA considers the case for a Housing Court

February 11, 2019

From ARLA The Association of Residential Letting Agents (ARLA) responded to the Ministry of Housing, Communities and Local Government’s call for evidence which takes a look at problems with the current courts and tribunals system and considers that case for a new Housing Court. The call for evidence sought views and opinions from a variety of organisations and individuals including the judiciary, landlords and tenants, to help the government to better understand and improve the experience of people using courts …

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Rents on the rise again after their first fall for a decade

From Property Eye 11th February 2019 The amount of rent tenants paid their landlords dropped for the first time in a decade last year. Research by Hamptons International estimated that tenants paid £59.1bn in rent in 2018, £1.9bn less than in 2017. It is the first such fall in a decade but renters are still paying £29.9bn more than ten years ago. During this period the number of households privately renting has grown by 1.7m. The Countrywide brand’s data showed …

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Planning reforms help boost Build to Rent developments

February 8, 2019

From Property Eye 6th February 2019 The Build to Rent (BTR) sector continues to boom, with developments outside London now catching up with the capital. Research by the British Property Federation (BPF) and Savills found that the number of completed developments was up 29% annually at the end of the fourth quarter of 2018 to 29,416. The number under construction was up 39% to 43,374, while 10% more are in planning at 66,718. The analysis shows that the total number …

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Government Announcement on Electrical Safety Checks

January 29, 2019

From ARLA Today, the Ministry of Housing, Communities and Local Government (MHCLG) has announced that mandatory five-year electrical installation checks on private rented housing in England will be introduced in a phased approach. Whilst the implementation date has not yet been clarified, MHCLG has stated its intention to introduce legislation as soon as parliamentary time allows, with letting agents and landlords being given at least six months to familiarise with the new legislation before it comes into force. A transitional …

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Lender eases rules for landlords

December 10, 2018

From The Sunday Times 9th December 2018 Buy-to-let landlords have been offered an easier route to securing a mortgage. The Mortgage Works, a specialist lender, has softened the financial tests it applies to assess whether landlords are capable of meeting repayments even if interest rates go up. Under these tests, borrowers have to show the rental income on the property will be at least 125% of the mortgage costs, or 145% for higher earners. They also need to show they …

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Dismay as Government ‘wants to limit tenants’ deposits to five weeks’ worth of rents’

December 4, 2018

From Property Eye Caps on security deposits could be reduced from the equivalent of six weeks of rent to five in new legislation going through Parliament. David Smith, policy director for the Residential Landlords Association, criticised the move revealed as  the Tenancy Fees Bill progresses through Parliament. He said: “If this is true, landlords will feel badly let down by a Government which says it wants to support good landlords. “The Government had accepted that a cap of six weeks …

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Tenant fees bill passes 2nd Lords reading without amendment

November 23, 2018

Attempts by Labour and the Liberal Democrats to tighten up both holding deposits and how much tenants are charged for leaving a tenancy early were defeated. Nigel Lewis – The Negotiator 21st November 2018 0 3,587 Views The tenant fees bill has passed its second reading in the House of Lords without amendment and is now only a few months away from becoming law. During a short one-hour debate several changes were tabled by both Liberal Democrat and Labour peers …

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Upstix in the Community

November 14, 2018

Upstix is committed to helping in the communities in which we operate. Here are a few examples. On 11th November this year our village, Capel St Mary held a dedication service for its new war memorial. This was a great event attended by several hundred people. Upstix has held various fund raising events and as a result we have been able to make several decent financial contributions. The letter shown in the picture shows how much the war memorial committee …

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Government announces proposals for new Housing Court

Taken from and ARLA Briefing email The Government has today launched a consultation which looks at reforming the routes to justice for both landlords and tenants, with the most radical option being to set up a new Housing Court. Currently, most housing cases are heard in the County Court (e.g. possession cases) and the first-tier Tribunal (Property Chamber), but many can find the process daunting and confusing, especially without support, with evidence showing that landlords are fearful of longer tenancies …

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Rental growth Highest in East of England over the Last Year!

November 13, 2018

Taken from Property Eye 13th November 2018 Rental growth hits an eight-month high but are tenants actually better off than ten years ago? – Property Industry Eye Rental growth last month hit its highest level since February, according to data from Countrywide firms. The agency’s figures, sourced by its Hamptons International brand, suggest rents on new lets were up 2% annually in October to £977 per month. This is the highest rate of growth since February, with each region seeing …

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