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“Protection racket” renting in need of urgent reform

Friday, January 27, 2017

Property campaigner writes open letter to Housing Minister “This is the sector’s dirty little secret which we are exposing and either government is aware and complicit or not aware and incompetent, there can be no excuse not to act and reform cash tenancy deposits”. Read Ajay Jagota's letter to Gavin...

26,000 of North East’s cheapest rented homes 'to be lost by 2020'

Thursday, January 19, 2017

Experts believe almost 26,000 of the North East’s cheapest rental homes could be lost between 2012 and 2020 – and one property campaigner believes this is “yet more evidence of the burning need to give renters a better deal”. Government figures released last week showed that the total number of affordable homes available...

Property campaigner launches stolen deposits totaliser

Friday, January 13, 2017

•    £16,000 of tenant’s deposits stolen so far in 2017 Property campaigner Ajay Jagota has launched a “stolen deposits totaliser” – keeping track of how much cash crooked letting agents are convicted of stealing in 2017. 2017’s first example occurred this week when Julie Feilden admitte...

Last year’s property predictions: Who got it right?

Friday, January 6, 2017

•    Average North East rents rose from an average of £554 in December 2015 to £591 in December – an increase of 5.9% 2016 was not a great year for making predictions – but an investigation into the accuracy of some of the forecasts made by property experts this time last year proves that many were pret...

North Shields is North East’s 2016 property hotspot

Friday, December 30, 2016

•    Property prices rise 9.6% in Tyneside town over past 12 months •    Tynemouth (+£16,488) sees biggest jump in cash terms •    Average annual house price growth for region of 3.3% - but house prices fall in Darlington, Peterlee and Easington. North Shields has been named the...

Tyne and Wear rents vary by £76 from Metro station to station

Friday, December 23, 2016

•    West Jesmond most expensive station to rent near outside of central Newcastle – Percy Main the cheapest. The Tyne and Wear Rent Map – showing what the Metro Map would look like if the names of the stations were replaced with the average monthly cost of renting a home there – shows rents varying by an av...

It’s getting harder to get rid of nightmare tenants - property expert’s warning

Thursday, December 15, 2016

Tiny administrative errors could leave landlords lumbered with nightmare tenants – one leading property boss is warning.  Most landlords and letting agents use Section 21 of the 1988 Housing Act to terminate tenancies in the event of severe rent arrears or significant damage to a property – so-called Section 21 orders. But Aj...

Families facing poverty because of housing costs are £1400 better off without tenancy deposits

Thursday, December 8, 2016

·          Property expert: “Scrapping rental deposits saves a family in poverty almost £1500, scrapping letting agent fees will just make things tougher”. A major report suggests the number of people in privately rented homes living in poverty has doubled in a decade, with its aut...

3.7% rise for North East house prices in November

Thursday, December 1, 2016

•    Typical home in the region sees value rise by £6139 •    North East property prices recording year-on-year growth of 5.6% •    Easington (6.4%) sees fastest growth, while Darlington (-0.04%) is only area to see values fall. Prices in North Shields (11%) have grown the fastest ...

Autumn Statement: “Letting Agent fee ban won’t help the JAM families’”

Wednesday, November 23, 2016

Autumn Statement: “Letting Agent fee ban won’t help the JAM families’”     Property boss: “I’m not convinced the best way to help people who are just about managing is to raise their rent”     “This move has been on the cards for some time and as letting agents we only...
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