Welcome to Lettingweb News

Lettingweb News is a free daily newsletter that summarises the top three stories from the letting and property industry each day.

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Landlords expect to sell properties and increase rents

The Residential Landlords Association (RLA) report one in five landlords (22%) plan to sell at least one property from their portfolio over the coming year, with just 18% planning to buy additional properties to rent. They say tenants face…
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Buy-to-let slowdown hits Nationwide mortgage lending

Nationwide has reported a sharp fall in mortgage lending, mainly due to making fewer buy-to-let loans. Nationwide had a 13% share of the mortgage market in the quarter, down from 15% last year. A spokesman said it expected its buy-to-let lending…
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Agents must recognise modern day slavery

The UK Association of Letting Agents is appealing to letting agencies to take steps to ensure they are not accidentally complicit in modern day slavery. These include providing training and guidance to staff on the topic, and establishing a…

Landmark court ruling ‘could have major implications’

A landmark court ruling against a Fife private landlord could have major implications for scores of other cases. Mohammed Murtaza from Kirkcaldy has become the first private landlord to be disqualified by a Scottish court. Following his second…
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Entries open for Agents Giving Fundraising Champions Awards

Entries are now open for the Fundraising Champions Awards to showcase agency’s charitable efforts over the past year. The awards will take place at the Agents Giving charity ball, on December 8th, at the Royal Lancaster hotel in London. The…
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Landlords remain ‘positive’ about buy-to-let

Despite the tax rises imposed on the private rental sector, it seems property will remain a safe long-term investment for the 2 million or so buy-to-let landlords in Britain. 59% of landlords surveyed by Knight Knox, are still confident in…
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Pressure group urges £5,000 cap on energy efficiency work

An energy efficiency lobbying group says it backs new government energy efficiency guidelines to improve 300,000 private rented homes - but it says there should be a £5,000 cap on the cost of work per property. It also says compliance with…
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Opinion: What really happened in Scotland after letting fees ban

Mitchell Thomson, of referencing firm UKtenantdata, has written an article on what he believes the effects have been in the lettings industry in Scotland, after the Scottish Government's ban on letting agent fees. He says jobs have been lost,…
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Private tenants paying more than buyers

People who rent homes privately in the UK are paying more for their properties per month, than those who purchase their homes, as demand in the rental market pushes costs higher. According to a new study, the average rent in the private sector,…
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Eviction company compares UK renters to vermin

An eviction company has caused outrage after its advert compared people renting homes to vermin. The marketing campaign by Remove a Tenant, which targets residential property owners, features a piece of cheese below the caption: “Are your…