Lets Process in brief

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Lets Process is a unique management program for landlords, letting agents and local authorities in the UK. For more information please see Lets Process Explained.

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Latest Private Rented Sector News

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News and opinion about the UK Private Rented Sector

Online agency ‘has approached Facebook to list properties’

Estate Agent Today understands that a high-profile online estate agency in the UK has approached Facebook with a view to operating a joint listings service.   No other details are available and the agency wishes to remain anonymous at this stage: Estate Agent Today has asked Facebook...

Many tenants exposed to unnecessary risk claims NAIP

According to the National Association of Inventory Professionals, tenants could be exposed to unnecessary risk as many face many hazards when moving into a property due to landlords either ignoring or being unaware of basic health and safety issues.   NAIP Chairman, Patricia Barber comments - ‘the...

The UK’s top buy-to-let property hotspots unveiled

Buy-to-let landlords can still expect to achieve double-digit yields when investing up north, fresh research shows.   A new survey by TotallyMoney provides both an interesting insight into the market and a useful tool for buy-to-let landlords, revealing that the north of England, and in particular Liverpool,...

Is buy-to-let property still worth investing in?

In the last couple of years, a raft of tax hikes and lending reforms have made becoming a landlord far less attractive than it once was – but is investing in property still worthwhile?   In what The Times is now calling ‘Buy to Lexit’, beleaguered landlords...

Millions of UK tenants remain in the dark over property laws

New research from LetBritain involving over 2,000 UK adults has revealed that millions of tenants and landlords across the country are unaware of the laws governing the rental sector.   According to the findings, 37% of UK tenants and 16% of landlords do not know that renters...

Buy-to-let set to collapse by 27% in 5 years

The end of the buy-to-let dream? Purchases tipped to collapse by 27% in five years as tax grab deters landlords   Tougher mortgage rules and tax crackdown means buy-to-let forecast to decline Small investors who need to buy with a mortgage to be hardest hit Landlords...

MPs call for compulsory installation of CO alarms

MPs yesterday called on the Government to make it illegal for a landlord not to install carbon monoxide alarms in post-Grenfell building regulations review.   In a new report on carbon monoxide (CO) alarms launched yesterday, the All-Party Parliamentary Carbon Monoxide Group (APPCOG) recommended the Government introduce...

What are the top reasons that tenants lose their deposit?

Tenancy deposits are there to protect landlords in the event of unpaid rent or damage to their property. Most tenants will get their full deposits back, but there are instances where the landlord may need to keep part – or all – of it to...

One third of British homeowners to rent out their homes online

A brand new study looking into ‘home hosting’ has revealed that as many as one third of British homeowners have been inspired to rent out their homes to paying customers.   Homeowners living in the South East, North West and Wales are the most likely to be...

Homebuyers refunded £160m in over-paid stamp duty

According to the latest figures from HMRC, stamp duty rules designed to clamp down on buy-to-let landlords have landed ordinary homebuyers with unexpected tax bills totalling over £160m which have then had to be refunded.   Higher rates of stamp duty land tax (SDLT) were introduced in...

How Universal Credit hurts landlords

Universal Credit (UC), a monthly sum paid to people who are unemployed or in low-income jobs, is set to change the way that landlords are paid rent by tenants who receive benefits – and not necessarily for the better, at least from the landlord’s point...

Rental deposits to be capped at six weeks rent

The security deposits that tenants leave with landlords or their letting agents will be capped at no more than six weeks rent instead of four, as previously proposed by the government, it was announced yesterday.   The details were included in the publication of the draft Tenant’s...

Fines for letting agents could hit landlords

Letting agents could face prosecution or a fine of up to £30,000 if they breach a proposed ban on letting fees.   The tough new measures have been published in a draft bill introduced to parliament today (1 November) with the aim of helping millions of renters...

Government publishing Bill today to ban lettings fees

Lettings agents will face civil and criminal charges for flouting a ban on fees, the Government has revealed as it finally prepares to unveil its Draft Tenants’ Fees Bill today.   It will create a civil offence with a fine of £5,000 for an initial breach of...

Landlords and tenants split on tenancy deposit schemes

Landlords and tenants are split on whether tenancy deposit schemes are a viable alternative to an upfront security deposit, research from letting agent Upad.co.uk has revealed.   Deposit schemes work by allowing tenants to pay money into an insurance policy instead of paying for a deposit up...

Lawyers and MP draft Bill to give more repair powers to tenants

The Law Society Gazette has given more details of a Parliamentary Bill in preparation to give more powers to tenants to legally oblige landlords to fix hazards that pose a serious threat to their health and safety.   The Homes (Fitness for Human Habitation and Liability for...

Rogue landlords enjoy an easy ride as councils fail to prosecute

Most local authorities have not secured a single prosecution, figures released under Freedom of Information Act reveal.   Councils across Britain have been accused of letting rogue landlords off the hook, after new figures revealed that most have failed to secure a single prosecution.   Almost six in 10...

Theresa May is a buy to let landlord earning £10,000 a year

It’s been reported that Theresa May and her husband Philip jointly own a London apartment which is now let out and earns around £10,000 a year in rent.   The property - modest by London standards, as it is said to be worth only £100,000 - has...