Myra Butterworth

1 week ago | landlordzone.co.uk | Myra Butterworth

The rental sector risks being saddled with unworkable reforms unless the Government backs amendments proposed by peers, the NRLA has warned. Ahead of the Renters’ Rights Bill committee stage in the House of Lords, the landlord group says ministers must get behind pragmatic changes including a review of the impact on the justice system ahead of scrapping Section 21. Student housingThe NRLA is also backing an amendment that would extend the possession ground to all student housing.

1 week ago | landlordzone.co.uk | Myra Butterworth

The average rent in Britain increased by 7.7% to £1,332 in the 12 months to march this year, official figures have revealed. The latest figures from the Office for National Statistics, (ONS), found that average rents rose 7.8% in England to £1,386, 8.9% in Wales to £792 and 5.7% in Scotland to £1,001. Annual rental inflation in England was the highest in the North East at 9.4%, and lowest in Yorkshire and the Humber at 4.6% during the 12 months to March this year.

1 week ago | landlordzone.co.uk | Myra Butterworth

An increasing number of properties are being sold by landlords ahead of the Renters' Rights Bill, new data by TwentyEA reveals. The research claimed that the number of new instructions for the first three months of this year stands at 451,154, of which 70,542 - the equivalent of 15.6% - were prior rentals. Meanwhile, in the last three month of 2024, 12.2% of all new instructions were properties that had been rented at some point in the last three years. It equates to 39,684 properties.

1 week ago | landlordzone.co.uk | Myra Butterworth

A drop in the UK inflation rate has sparked hopes that it could prompt a cut in interest rates next month amid the threat of economic uncertainty. The latest ONS consumer price inflation figures show inflation fell 0.2% to 2.6% in March and means prices are rising at their slowest pace since December, closer to the Bank of England’s 2% target. Financial markets are now predicting that it will cut the Bank Rate from 4.5% to 4.25% on May 8, as mortgage costs continue to fall.

1 week ago | landlordzone.co.uk | Myra Butterworth

A landlord who hoodwinked her student tenants into paying higher deposits has been ordered to pay more than £11,000 in fines and costs. Bristol Magistrates Court heard that following an investigation by the city council, Josefina Velazquez, of Hampton Road, Redland, was found to have misled tenants about their tenancies so that she could unfairly take more money than they expected to pay.