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 are NOT to blame for UK housing crisis'

Former Bank of England economist, Professor David Miles, has called politicians' scapegoating of landlords for spiralling house prices 'profoundly wrongheaded'. He said the government's recent move to push up costs for landlords and make buy-to-let…
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More BTL landlords needed for growing population

The Office for National Statistics predicts a 8.4 million rise in the UK’s population over the next 22 years, from last year’s 65.6 million, eventually reaching 74 million in 2039, which will place more demand on the already short supply…
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Bank requiring letting agents to do anti-money laundering checks

Handelsbanken, with branches throughout Scotland, is now requiring the clients of letting agents who have client accounts with it, to be screened, despite the fact that letting agents do not have anti-money laundering duties under the latest…
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New Data Protection Bill burden on small businesses

A new Data Protection Bill, due to be signed into law next May, which allows people to ask for personal data to be deleted, will have major implications for letting and estate agents. Cold calling and passing on information to others, without…
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Landlords losing confidence in rental yields

Rental yields remain steady, but many buy-to-let landlords are losing confidence in their ability to rely on rental income, mainly due to recent changes in taxation. The National Landlords Association (NLA) report the proportion of landlords…
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Edinburgh property owners 'avoiding £10m in tax'

The owners of short-term lets in Edinburgh are avoiding more than £10m in taxes each year, claims Green MSP Andy Wightman. He claims there are 2,500 properties in the capital, that pay non-domestic rates rather than council tax, because they…

UK rents bounce back in July

Rents are gently rising again across the UK, after some months of small dips, and in Scotland rents are up a healthy 3.6% year-on-year. The UK's 1.1% annual increase in July, compares to declines of 0.3% and 0.2% in May and June respectively,…
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Calls for higher energy efficiency in rental homes in Scotland

Labour is urging the Scottish government to set a higher standard of energy efficiency in private rental sector housing in Scotland. They want an Energy Performance Certificate (EPC) rating of at least C by 2025, not D, as previously discussed.…
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Britain to become a nation of renters

A new survey of renters reveals that the majority of young Britons don't believe they can afford to a get a foot on the housing ladder. Almost a third - 30% - of renters say they never plan on buying a home, although 71% of tenants would be…
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Agents invited to free MEES courses

Training organisation Solvo Vir is inviting letting agents and landlords to attend free courses to bring them up to date with new Minimum Energy Efficiency Standard regulations. Under MEES, which come into effect on April 1, 2018, it will be…