Landlord Property Purchases Drop to Historic Low
The UK is witnessing a significant decline in the number of property purchases by landlords, with transactions hitting an unprecedented low in the first half of 2024. According to recent data from Hamptons, a mere 29,600 homes were acquired by landlords during this period, marking the smallest volume of purchases since such records began in […]
What Are Labour’s Plans for the Private Rented Sector?
The Labour Party has been vocal about its ambitious plans for reforming the private rented sector in the UK. Central to their housing policy are proposals aimed at enhancing tenant rights and ensuring better standards in rented properties. Rent Controls and Caps One of the cornerstone policies Labour is advocating for is the introduction of […]
The Implications of the Upcoming General Election for British Landlords
Prime Minister Rishi Sunak has recently announced the calling of a general election, marking a pivotal moment for the United Kingdom. This announcement carries significant implications for various sectors, including the property market and, more specifically, for landlords. As we approach this period of political change, it is crucial for landlords to understand the potential […]
The Importance of Honesty in Rental Applications
Finding the perfect rental property is a frustrating yet exciting experience. Here at Reardons, we strive to make the process as smooth as possible for both tenants and landlords. However, a recent trend of inaccurate information on applications has caused delays and disappointments for everyone involved. Before scheduling a viewing for a property, we require […]
Seize the Spring Surge: Why Now is the Perfect Time to Sell Your Home
As daffodils sway gently in the breeze and the scent of freshly mown grass fills the air, it’s clear that spring has arrived in all its splendour. But beyond the beauty of blooming flowers and chirping birds, there’s something else stirring – a bustling housing market. For those pondering the sale of their home, there’s […]
Mortgage Arrears Hit Seven-Year High Thanks to Rising Rates
According to the Bank of England, Brits are feeling the pinch as mortgage arrears have reached their highest level in seven years. This bit of gloomy news comes as no surprise, with interest rates steadily climbing and the cost of living continuing its relentless march upwards. The figures show that the proportion of mortgages in […]
What are the responsibilities of a letting agent?
Becoming a landlord can offer lucrative prospects, but it’s also laden with challenges. From securing dependable tenants to handling property maintenance and legal obligations, the tasks can quickly become overwhelming. Fortunately, landlords need not face these challenges alone. Letting agents play a pivotal role in supporting landlords throughout the rental process, offering an array of […]