The new year has certainly started on an upbeat note for the lettings sector. A survey by Finbri found more than 50% of UK property investors intend to expand their property portfolios in 2023.
The year ahead could be monumental for landlords and tenants. It’s widely accepted that the Government’s A Fairer Private Rented Sector white paper will be adopted before the end of 2023 – and that means renting with a pet will be made easier.
There is no shortage of online energy guides detailing how to reduce energy consumption and lower fuel bills but much of the advice is aimed at homeowners. While installing solar panels, air source heat pumps and cavity wall insulation are good ideas, they aren’t the sort of home improvements tenants are always able to make.
Any letting agent worth their salt will undertake reference checks on potential tenants. Referencing is a vetting process to ensure only the most genuine, trustworthy and financially-sound renters can reserve a property.
The latest Statistical Briefing from The Dispute Service – which uses data from the Tenancy Deposit Scheme, SafeDeposits Scotland and TDS Northern Ireland – has highlighted the top three reasons for deposit disputes across the UK during 2021-2022.
From the 1st October in England and the 1st December in Wales, there are regulatory changes around smoke detectors and fire alarms that all landlords will need to implement with immediate effect, as there will be no ‘grace’ period and fines can be issued from day one.
Lending experts have noted that landlords are increasingly considering new build homes for their next buy-to-let, as they tick so many boxes when it comes to changing regulations. Here are three reasons why buy-to-let and new build can go hand in hand:-
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