Open banking holds vast potential across various industries including real estate. Let us explore how this secure online solution can be advantageous to estate and letting agents.
Ladybird Living – Your London Estate Agent
Month: September 2023
Is the future looking brighter for landlords and letting agents?
No More Uncertainty About EPCs (Energy Performance Certificate)
The government has made a significant policy reversal regarding its previously announced intention to raise Minimum Energy Efficiency Standards to an EPC C level within the private rental sector.
Plans to increase the mandatory EPC ratings for properties may now be abandoned
In a recent announcement, Rishi Sunak has revealed that the government’s plans to revise EPC (Energy Performance Certificate) rating standards for properties and implement a ban on gas boilers will be scaled back, particularly for homeowners and landlords.
Guide to the possession action process
If a property owner or letting agent needs to regain possession of a property, they should follow the government’s guidance which is to mediate with your tenant before going down the repossession route. The government also recommends making use of the new Housing Loss Prevention Advice Service which has recently been launched and provides advice to tenants about evictions.
Report into damp and mould in privately rented housing
The report based on damp and mould in the private rented sector highlights the following findings:
Housing Health and Safety Rating System (HHSRS) – What’s new
What is the Housing Health and Safety Rating System (HHSRS)?
The Housing Health and Safety Rating System (HHSRS) can be used to identify any potential hazards that may impact privately rented properties.
10% year-on-year increase in the average cost of rent in August 2023
The August Rental Index by Goodlord revealed that the cost of rent is up 10% year-on-year. The summer season is the busiest time with tenants continuing to face soaring prices during this season. Void periods in August continued to remain much lower than year to date averages.