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

Could you be a more ethical landlord?

Private sector buy-to-let landlords sometimes get a bad rap from renters, who blame property investors for fuelling a housing boom which has resulted in higher living costs. This has left many tenants priced out of the housing market in their local area, unable to afford increasing...

The rise of the professional landlord?

The government recently published its English Private Landlord Survey, a study carried out last year looking in depth at the make-up of the nation’s landlords for the first time since 2010. The results of the survey perhaps start to indicate the degree to which the government’s...

The average time it takes to sell a property revealed

Some buy-to-let landlords are being driven out of the market by the government’s tax crackdown as growing numbers struggle to make money from rentals, but how long does it actually take to sell a property? From property type to regional variations, there are naturally a range...

What’s the typical discount for making a cash offer on a property?

Vendors will often accept an all-cash purchase offer over a higher-priced offer with a mortgage, highlighting the importance of cash in powering the market for property. With stretched affordability and historically low mortgage borrowing rates, it is unsurprising that mortgage sales volumes across the nation are...

National warning on bogus landlords stealing tenants’ deposits

A national alert has been issued by Action Fraud, warning prospective tenants that fraudsters are claiming to be the owners of rental properties advertised online. Before a viewing, individuals are asked to pay a deposit upfront, claiming that this money will be put into the tenant...

More tenants experiencing rent rises

The number of tenants experiencing rent rises increased in January, with 26% of agents witnessing landlords increasing them compared to 18% in December, ARLA Propertymark has found. This is the highest figure recorded since September, when 31% of tenants were experiencing rises and year-on-year the figure...

Landlords need support to ‘keep up-to-date’ with regulation changes

Landlords are being urged to seek guidance to ensure that they are clear on the ‘bombardment’ of regulatory changes that could affect their buy-to-let investments. With a range of new rules ranging from The Homes (Fitness for Human Habitation) Bill to The Tenant Fees Bill, landlords need to be...

Quarter of landlords consider short lets but only 3% have done it

Some 24 per cent of landlords have considered letting out their properties on a short let Airbnb-style basis - but only three per cent have actually done so. Research by the National Landlords Association - based on a relatively small sample of 494 respondents in the...

A landlord’s guide to tenancy deposits

Although deposits have become an accepted part of the landlord-and-tenant relationship, some newer landlords still neglect to ask for them. We strongly advise that you make deposits part of your tenancy agreement. A deposit acts as your financial safety net if any problems arise at the...

Buy-to-let lending slumps as landlords deterred by tax changes

Buy-to-let mortgage activity continued to slow in December with landlord investors taking out just 5,100 new buy-to-let home purchase mortgages, down 5.6% on the corresponding month in 2017, data from UK Finance shows. According to the industry body, the total value of buy-to-let loans dropped by...

Why the age of people who rent a home is on the rise

THE number of people renting a home aged 35 to 54 has risen by 15 per cent in the last three years, as they struggle to get a mortgage, according to new research. Those who rent say that not being able to afford a deposit or...

Landlords accused of ‘exploiting’ student renters

Landlords are taking advantage of first-time student renters by failing to carry out repairs, according to a new poll. A fresh report by the National Union of Students (NUS) reveals that students are finding renting difficult, in terms of affordability, poor conditions, and a lack of...

How to Tell if My Computer Was Hacked

If you’re wondering whether your computer has been hacked, we have some bad news and some good news. First the bad news: if you suspect you’re infected, then you’re probably right. The amount of new malware on the internet – particularly the kind intended to...

Landlords: what do tenants want from your buy-to-let property?

With rental income shrinking for the first time in a decade, landlords need to consider what their tenants truly value in a property. Rental income fell by £1.9bn from 2017 to 2018, according to a report from Hamptons International – the first year-on-year decrease since the...

Has the UK property market peaked?

According to property management firm, Apropos, not only has the market peaked, it has begun to fall back on itself with average prices sliding across all parts of the country. The family-run property management businesses, run by brothers David and John Alexander, has analysed official data...

New tenant packs could help save lives

New tenant packs designed to help landlords raise awareness of fire and carbon monoxide dangers have been launched Aico Ltd. Aico, a major provider of residential fire and carbon monoxide alarms in the UK, hope that the new tenant packs, part of its #AlarmsSaveLives campaign, will...

Property repossessions ‘lowest since 1980’

The number of homes repossessed in the UK fell to its lowest level since 1980 last year, industry figures show. There were 4,580 homes repossessed by mortgage lenders from owners who were unable to keep up with repayments on their home loans. Low mortgage rates and a...