News

£5.8bn rental deposit bill by 2021, despite government cap plans

Wednesday, June 28, 2017

•    Major cities like London, Birmingham, Bristol, Manchester and Leeds to lose out on £3.1bn as one in four households to become privately rented. The amount of cash sitting in rental deposits is set to soar by 40% over the next 5 years – despite government plans to cap deposits announced in last week’s Que...

Letting Agent fee ban “could be here by the autumn”

Wednesday, June 21, 2017

•    Property campaigner: “Election result means ban could be here by autumn... it’s likely to be one of the few bits of legislation a minority government will be able to pass”.  The government has used this afternoon’s Queen’s Speech to confirm that letting agents fees will be banned in Eng...

“Powerless” new Housing Minister cannot fix housing crisis

Wednesday, June 14, 2017

•    Property campaigner: “It’s clear from history that if you want lasting change, you have to have a lasting housing minister” Alok Sharma MP is Britain’s latest Housing Minister – although yet another new minister is expected in August 2018. 15 MPs have now held the position of housing minis...

How much damage does a traditional tenancy deposit really cover?

Friday, June 9, 2017

New research reveals that traditional tenancy deposits barely cover the cost of the most common causes of damage to rented homes. A survey by interior design firm Hillarys suggests the main reasons for landlords or letting agents withholding deposits at the end of a tenancy are: •    Broken furniture – 29% •&nbs...

North East house prices strong and stable as General Election approaches – meaning good news for both the many and the few

Friday, June 2, 2017

•    Regional house prices practically unchanged over past four weeks – falling by 0.2%  •    Average property in the region now valued at £166,125 – 0.2% from April but up 5.8% year on year. •    Prices perform strongest this month in Easington (2.2%) and in Bly...

Everton top the Premier League of renting

Friday, May 26, 2017

•    Champions Chelsea relegated along with Arsenal and Spurs as Everton pip city rivals Liverpool to the title.... at least when it comes to returns for property investors •    New look Premier League table would see relegated Sunderland and Middlesbrough qualify for Europe. A new look Premier League whe...

General Election manifestos mean deposit reform is “unavoidably on the agenda” and make it clear it’s “how” not “if” or “when” for Letting Agent fee ban

Thursday, May 18, 2017

A leading property campaigner believes the publication of the main political party’s General Election manifestos means tenancy deposit reform is now “unavoidably on the agenda”. Ajay Jagota, founder of sales and lettings firm KIS and deposit-free renting solution Dlighted is also warning the property industry to stop “li...

Metro Map analysis shows Tyne and Wear rents on the rise

Thursday, May 11, 2017

•    Moving just one Metro stop saves you almost £84 every month – and could save you almost £700. •    Tynemouth most expensive station to rent near outside of central Newcastle – Tyne Dock is the cheapest. The Tyne and Wear Rent Map – showing what the Metro Map would look ...

6000 North East rogue landlord complaints in three years (and what are South Tyneside hiding?)

Friday, May 5, 2017

•    Property campaigner: “Every day in every single local authority in Tyne and Wear at least one person complains about the condition of their rented home– yet only one rogue landlord has been convicted in three years” More than 6000 North East renters have complained to the council about their landlord i...

North East house prices rise 1.9% as General Election called

Friday, April 28, 2017

•    Regional house prices grow for the first time in 2017 –adding £3099 to average house price •    South Shields leads the charge with monthly growth of 5.4% •    Average home in the region now valued at £166,655 - £9591 and 6% more than April 2016. • &...