New research has been released this week highlighting that renters are also in favour of extended tenancy lengths. The uncertainty the pandemic has offered up over the last year and a half has made it clear to see that most landlords and tenants could benefit from this change.
ARLA Propertymark has released its latest rental market snapshot. It shows that the rental market, whilst not at the extreme levels of previous months, is still breaking records and carrying momentum.
According to new data from lender Shawbrook Bank, 26% of brokers believe the bridging market will benefit the most from the boom in the property market. Bridging loans offer faster access to funds than a typical buy to let or commercial mortgages.
The Governments ambition to have all PRS properties with an Energy Performance Certificate (EPC) of C or above by 2030 is a ‘pipedream’ according to the NRLA. They believe that while better EPC ratings benefit many, without financial assistance, the goal will be unachievable.
Landlords now have access to more mortgage options than at any point, since the beginning of the pandemic. This, coupled with a positive outlook on the market from intermediaries, points towards a good year for landlords.
The Ministry of Housing, Communities and Local Government is spending £100,000 on a feasibility study to investigate the creation of a national landlord database. The aim of the study is to identify the best way to set up a national register, for England’s 2.3 million private landlords.
According to the Office for National Statistics (ONS) UK House Price Index, property prices grew by 10% in the year leading to May 2021. This was an increase from 9.6% in the previous month.
The English Housing Survey 2019/20, conducted by the UK Government, reports that 85% of private renters are happy with their landlords. We take a detailed look into the report and highlight the areas of key importance to tenants and therefore, to landlords.