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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Stamp duty at record high £8.3billion

The total amount of Stamp Duty paid in the UK has been rising, and hit a new high of £8.3 billion in 2016. The past two years have seen a number of changes in UK property taxation, including an increase in Stamp Duty for those buying more…

RLA forms PEARL to inform lettings policy

The Residential Landlords Association has established the Private renting Evidence, Analysis & Research Lab - PEARL - to better inform policy-making affecting the growing private lettings sector. The aim is "to ensure future policy affecting…
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Technology could reduce complaints against letting agents

The Property Ombudsman’s (TPO) annual report shows letting agents were ordered to pay 51% more in awards to consumers in 2016 than the previous year. In response, Payprop advise that the effective use of technology and automation could help…
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Agents invited to annual rental repairs survey

Repairs service provider Fixflo, has opened its annual Rental Repairs Survey for letting agents to comment on maintenance and repairs issues. Last year’s results notably revealed that 47% of letting agents knew of a landlord who had changed…
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Buy to let mortgage rates still falling

Buy to let mortgage competition is increasing. Research from Moneyfacts shows that the average two-year fixed BTL rate has fallen by 0.31% in one year. The number of BTL mortgage products now available has risen from 1,408 in January to 1,610…

Landlord returns in Scotland stay solid

Landlord yield returns on property investment in Scotland have remained solid over the last year, despite yields tightening across England and Wales. Scottish landlords continue to enjoy strong returns on their investment, with the average property…

Landlords avoiding younger tenants

New research shows landlords are increasingly refusing to rent their properties to people under the age of 35. 32% of landlords say they have actively decreased lettings to that age group because of a higher risk of rent arrears and a higher…

Students suffer discrimination from landlords

Two in five (38%) students feel they have been discriminated against by landlords, due to their gender, ethnicity and/or religious beliefs, research has found. Gender discrimination was raised by over 20%, mostly men, who are seen as messier,…
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Tenants not owning up to pets

A survey of over 2,000 private renters, reveals 27% of tenants have a pet - but many do not admit it to their agents or landlords. 3% of renters were asked to pay additional money to cover any damages made by the pet, with the average fee amounting…
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Shelter calls for more tenants rights against eviction

Shelter says reform is necessary to reduce the number of buy-to-let landlords evicting sitting tenants when they sell - and, if they do sell with a tenant in place, to ensure the buyer doesn’t then evict the renter. They are calling for an…