Property Lettings News
Keep up to date with the latest on Lettings Legislation.
Careful with your Cash!
Millions of thousands of pounds of cash belonging to Landlords and tenants could be at risk as the uncertainty over the property market threatens the future of some estate agencies as seen with many estate agency closures in recent weeks says Wendy Wood of Manning Stainton in Leeds.
June 2006
RICS Residential Lettings Survey
Tenant demand for residential property rebounded in the quarter to July having moderated in the spring. A deterioration in accessibility alongside a moderating housing market has directed more people into the rental sector since quarter 1. Uncertainty as to the extent and impact of interest rates rises led some vendors to adopt a wait and see approach before re-entering the housing market. Surveyors expect a surge in rental growth for flats into the Autumn as a more cautious climate among first time buyers sets in.
RISC Economies, Second Quarter 2007
Property Rental Demand Outstrips Supply
Demand for rented properties seriously outstripped supply and rent levels rose during the three months to the end of May according to the latest quarterly survey of ARLA Member Letting Agents published today, June 11.
11th June 2007
Buy to Let Property Boom
There are a million buy-to-let property owners in the UK, but this is set to double in the next three years. That is according to a new report from research firm Mintel, which shows by 2010 there could be two million buy-to-let landlords in the UK.
26th Apr 2007
We Take the Wait Off Richard’s Mind!
New buy to let property investor Richard Carr decided a change of letting agents in leeds was overdue when his apartment in Apperley Bridge hadn’t drawn a single rental enquiry after five months available to let.
28th March 2007
Tenant Demand Rises to Nine Year High
Tenant demand rose at the fastest pace for nine years, says RICS Lettings Survey published today (Wednesday 28 February 2007). The acceleration in demand occurred on the back of strengthening economic activity, buoyant employment conditions and sustained migration from EU accession countries.
1st March 2007
Buy To Let Investors Ride Out the Storm
Despite interest rates creeping up and rental yields tightening, record levels of established landlords are looking to expand their portfolio as they remain committed to buy to let as a long term investment.
8th March 2007
Lords Block Move to Increase Regulation of Letting Agents
The House of Lords has rejected a move to extend regulation of estate agents to also cover letting agents.
20 February 2007
Strong Marketplace for UK Residential Lettings
Lettings members of the National Association of Estate Agents (NAEA) reported a strong marketplace for UK residential lettings over the last quarter of 2006. A number of issues contributed to a thriving buy to let sector, including affordability, a significant increase in immigration, specifically from Eastern Europe, and an ever-strong interest in bricks and mortar as an investment.
27th February 2007
Landlord Rights within the UK - Knowing Where You Stand
Being a landlord can be lucrative and it can give you a sense of pride in knowing that you actually own a property. However it can also be extremely stressful and expensive if any problems do arise and it is more than likely that they will!
28th February 2007
Strong Start to 2007 for Manning Stainton Lettings
The success of the Lettings market in Leeds looks set to carry on in 2007. Our busy Lettings Department based on Harrogate Road, LS17, is still marketing a good selection of property to rent in Leeds and district and is achieving lettings at almost 2 per day.
26th February 2007
Leeds & Wakefield - Property Magnet for the World?
Someone from Kazakhstan is looking to rent a property in Leeds – via Manning Stainton’s new website – leading Suzie Stefaniuk of the company’s Lettings department to wonder whether Borat, aka the Oscar-nominated actor Sacha Baron Cohen, might soon be moving to a property in Leeds in the near future.
Top accreditation for Manning Stainton Lettings
Following an independent audit and a rigorous assessment of professional property qualifications and market knowledge, Manning Stainton Lettings has been awarded accreditation by The Association of Residential Letting Agents (ARLA).
19th February 2007
Buy-to-Let Property to Provide Strongest 2007 Returns
It has been reported in Investment Week that a third of private investors believe buy to let residential property will provide the strongest investment returns in 2007 according to research from investment group New Star.
12th February 2007
Tenancy Deposit News
From 6 April 2007, the Government will make it compulsory on those receiving tenancy deposits in England and Wales to join a scheme that safeguards deposits for the duration of a tenancy; and offers resolutions should disputes arise.
6th February 2007
Deposit Protection Scheme Launches New Website
The Deposit Protection Service has now launched its own website depositprotection.com. The site tells you all you need to know about the way in which the scheme will operate and has a useful FAQ section. The deposit Protection Scheme comes into operation on the 6th April 2007.
Continued Demand for Good Properties to rent in Leeds
January 2007 has seen the flow of prospective tenants continue unabated as the booming Leeds economy draws in a never ending stream of workers.
5th February 2007
Empty Property - What a Waste!
Long-term empty properties (i.e. those void for more than six months) tend to attract all manner of antisocial behaviour such as fly tipping, vandalism, arson, drug taking and other issues that affect the health and well being of the neighbourhood in which they are situated.
31st January 2007
Good news for tenants!
Good news for tenants - at a recent Extraordinary General Meetings, both ARLA, the Association of Residential Letting Agents, and the NAEA, the National Association of Estate Agents voted in favour of the amalgamation of the two professional bodies.
Tenant Deposit Scheme Announced
In April 2007 the Tenant Deposit Scheme (TDS) will come into effect in England and Wales, overseeing deposits equating to an amount worth £1.2 billion.
Shock as interest rates rise
RICS Housing Market Forecast 2007
UK house price rise of 7% predicted. Gloom and doom for first time buyers.
11th Jan 2007
13% vow never to buy!
13% of people renting have no intention of buying their own home.
December 2006
Landlords under pressure?
Instructions to let properties continued to grow last year, although they increased at the slowest pace since 2005 as rising interest rates squeezed landlords’ margins. Tenant demand for property exceeded new supply for a tenth consecutive quarter, putting upward pressure on rental levels.
Jan 2007
New Ways to Invest
The buy-to-let market has been reported as booming recently, with 12% of UK households renting. Now there are new ways to enter into this field of investment.
Jan 2007
RICS Economic Brief - Dec 06
Early November saw one of the most well flagged changes to interest rates since the Bank of England (BoE) became independent.
After August’s interest rate rise, which took the markets by surprise, everyone expected interest rates to continue their journey upward.
December 2006
HMO Landlords Retreat
ARLA has recently reported that the number of landlords owning Houses in Multiple Occupation, has fallen sharply. Apparently, the share of houses in multiple occupation across the whole rental sector has dropped from 9% to 6% over 3 months.
January 2006
The Tenancy Deposit Protection Scheme
Statutory tenancy deposit schemes will apply to all assured shorthold tenancies, where a deposit is taken after April 7 2007, in England and Wales. They do not apply in Scotland or Northern Ireland.
ARLA, December 2006
Future of rentals in 2007
In 2006 the rental market saw the implementation of a raft of new legislation and celebrated the 10th anniversary of Buy to Let, the force that revitalised the market.
Next year looks set to be legislation free, apart from the implementation of mandatory tenancy deposit protection, and landlords and tenants can look forward to continued growth in both the supply and demand for good quality rental property.
Adrian Turner, ARLA, December 2006
The Association of Residential Letting Agents (ARLA) welcomes a new member
Manning Stainton Lettings has recently joined ARLA, the Association of Residential letting Agents.
January 2007
Attention to detail is key to landlord and tenant satisfaction
In today’s property rental market – and particularly within the Leeds conurbation – the hard part is not finding the tenant. Rather it’s maintaining a good relationship with the tenant by quickly resolving day-to-day issues, and with the landlord by virtue of excellent account management and sound advice.
December 2006
The Tenancy Deposit Scheme
The Tenancy Deposit Scheme (TDS) will apply to all assured short hold tenancies where a deposit is taken after April 6 2007. Further details of the schemes will be available from the providers in late January 2007, explaining exactly how their schemes will operate, and how landlords can register to join their schemes to protect deposits.
December 2006
Real Estate Investment Trusts (Reits)
Reits are being promoted by David Butler, the Programme Director at REITA a campaign which hopes to bring the introduction of Reits to investors via the property market. He asked the question as to how much of a person’s investment portfolio should be allocated to buy to let property and specifically what type of property should be invested in.
December 2006
