According to a recent Ipsos Political Monitor survey, 37% of those who took part anticipate a Labour majority in the next General Election, while 22% expect a hung parliament with Labour as the largest party.
Ladybird Living – Your London Estate Agent
Month: November 2023
How to manage an increasing number of property inquiries
A substantial surge in calls to leasing agents has led to staff spending more time than ever addressing phone inquiries. Agents are facing up to ten times the usual number of daily incoming calls in recent months according to Agent Rainmaker. However, these challenges can be alleviated through the adoption of technology-centric solutions.
Learning from New York: To what extent should the UK limit short-term rentals?
New York has recently implemented new regulations for short-term lets, producing an immediate impact. This raises the question: to what extent should the UK government follow suit?
Unpaid utility bills: What will the deposit cover?
Typically, landlords must demonstrate a financial loss to make a claim from the tenancy deposit. Non-payment of utility bills by the tenant does not automatically translate to a financial loss for the landlord. If proper documentation of utility accounts and any arrears is maintained, these responsibilities remain with the tenant rather than the landlord.
Secret subletting among tenants
Airbnb, a platform specialising in short-term rentals, has sparked controversy within the private rented sector by encouraging tenants to lease out their spare rooms. A previously conducted survey by Airbnb, now removed from their website, revealed that 80% of tenants seek additional income due to the escalating cost of living, proposing subletting as a viable solution. The platform even suggested potential benefits for landlords, such as reducing the risk of rent arrears.
Rent decreases by 11% since summer ended
Rent prices took a notable 11% downturn following the scorching summer as the market experienced a cooling phase in October. The latest report by the Goodlord Rental Index indicates a substantial drop in the average rent for new tenancies over the past month, aligning with the dissipation of the summer’s high demand.
Debunking Four Common Misconceptions About Deposit Replacement Schemes
In recent years , Deposit Replacement Schemes have gained more popularity and have recently been mentioned in the How to Rent Guide. However, there are still many misconceptions about deposits and deposit alternatives. Let’s address a few of them:
Guide to the Judicial Reforms in the Renters Reform Bill
The Renters (Reform) Bill represents a significant legislative endeavour aimed at revamping the private rental sector. Among its primary objectives is the eradication of Section 21 “no fault” evictions.
How are elevated rental costs impacting tenant affordability and choices?
The data indicates that there has been minimal change in recent months; rents remain steep, and available rental properties are scarce. According to the “State of the Lettings Industry 2023” report from Goodlord and Vouch, 76% of tenants have encountered challenges in securing a rental property. Considering this, what emerging patterns can be observed?