When the first reading of the Renters (Reform) Bill was published in May, it included a clause regarding the introduction of a new redress scheme, or Ombudsman, that landlords will have to join - even if they use a letting agent. How will it work? Will it be beneficial? In this blog/video, Daren gives his thoughts on the subject...
The UK's private rental sector is a vibrant and ever-evolving ecosystem, encompassing an array of stakeholders from tenants, agents and not least, landlords. One intriguing trend currently shaping this sector is the increasing age of landlords, who turned to property investment for income. In this blog we look at the potential impact of this trend
The Private Rental Sector (PRS) is a vital component of the UK housing market, accommodating a diverse range of tenants, from students and young professionals to families and older adults. It offers flexibility for those who may not wish, or be able, to participate in homeownership or social housing. But what ingredients make a successful PRS?
The Bank of England has announced its latest change in base rate, which is used by most lenders to determine interest rates on mortgages and other borrowing. The increase is a larger-than-expected 0.5% cent taking base rate to 5%. Most commentators had predicted a 0.25% rise. This obviously raises concerns over the mortgage market...
Attention Derbyshire landlords! Unsure about investing in a rental property? Explore the pros and cons in this must-read article. Find out how the local rental market compares to alternative investments and uncover strategies to maximise your returns. Don't miss this opportunity to make an informed decision...
Navigating the sale of a buy-to-let property can be a complicated task, often filled with significant considerations. This blog is designed to guide you through these intricacies, focusing on crucial aspects such as market timing, tax implications, tenant handling, and post-sale plans.
Navigating the green path in your everyday life can be both rewarding for the environment and your wallet. In this blog, we explore some cost-effective strategies to make your home more energy-efficient, helping to reduce your carbon footprint and energy bills simultaneously. Some are quick fixes and some are long term investment upgrades...
Over the past decade, a quiet crisis has been brewing in the UK – a housing shortage, particularly of new builds, It is a problem that has profound implications for the private rental sector. As the demand for housing consistently outweighs supply, the scenario paints a sombre picture of rising rental costs, declining housing standards...
Whether you’re renting for the first time, upsizing to a bigger property, downsizing to a smaller property or moving into a new area, renting gives you both flexibility and independence. There is certainly a lot to think about when searching for a new rental home so we’ve discussed some of the important issues here:
The new Renters (Reform) Bill has had its first reading in Parliament so we now have some more detail on the various clauses. Daren has recorded a video in which he looks at the primary clauses in the Bill and also offers his thoughts on how this will affect landlords, tenants and the private rental sector. You can also read his thoughts below..
Skipton Building Society is getting ready to launch a mortgage targeting those “trapped in rental cycles” and who do not have access to “the bank of mum and dad,” and so are therefore unable to save up enough for a home deposit, the first 100% mortgage offering since the 2008 financial crisis. Read on...
The Renters’ Reform Bill will result in a monumental shake-up of the private rented sector, probably the biggest in 30 years. Since initial consultations in April 2019 and the publication of its policy paper in June 2022, the proposals have still not been passed into law. So where are we now and what do the changes mean for landlords and tenants?