Newport Property News & Updates

The Tenancies Reform Bill, presented by Liberal Democrat MP Sarah Teather, aimed at preventing "revenge evictions", has failed to secure a sufficient number of votes to pass in Parliament. The Bill to protect tenants from retaliatory eviction failed after two Tory MPs, Philip Davies and Christopher Chope, "talked it out" of the House of Commons, effectively "throwing renters to the wolves",...

Freelancer Lets this week calls on the Government to regulate letting agent fees charged to tenants. Debbie Rayner, managing director of Freelancer, said: "We are aware that some local agents charge excessive fees to their applicants. In some cases the high fee deters viewers from taking a property, which not only prevents them from living in the property of their choosing but also leaves...

The UK's buy-to-let market celebrated its 18th birthday on October 21st.  In 1996, ARLA and a select panel of lenders that included Paragon Mortgages recognised the need for finance tailored towards the growing demand for private rented property and helped to develop the buy-to-let mortgage market. Since then, the private rented sector (PRS) has grown from 2.4 million homes to 4.9...

House prices in September went up 0.6% compared with August, the Halifax has reported.  It leaves average house prices, based on mortgage approvals, standing at £187,188 – up 9.6% on September last year. Halifax bank's housing economist Martin Ellis, said that demand was weakening. “Annual house price inflation may have peaked. A moderation in growth looks likely...

Labour plans for the private rented sector (PRS) would be disastrous for the UK's housing market, according to the Residential Landlords Association (RLA). The organisation has analysed figures produced by the Department for Communities and Local Government in a bid to demonstrate the importance of the PRS and discovered 60 per cent of the housing stock created since 1986 has been in the...
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Rent Smart Wales The Property Ombudsman The Association of Residential Letting Agents NAEA Deposit Protection Scheme Zoopla On The Market Primelocation Rightmove