Sterling Properties

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Deposits rise up a third since 2007

Posted on Oct 2nd 2014

Recent research from mydeposits has revealed that the average cost of a deposit has risen by 34% or £304 since the launch of tenancy deposit protection in 2007.

The data shows that the average tenancy deposit now stands at £1,197.73 – up £304 from £893.82 since Q2 2007.…
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Parties’s pre-Election positioning on the PRS

Posted on Sep 26th 2014

As General Election manifestoes begin to take shape, there is uncertainty about the extent to which political parties plan to make changes that will affect the private-rented sector.

One of the remarkable features of the 2010 General Election, so far as the private-rented sector (PRS) was concerned, was the lack of attention given to the ‘traditional’ mainstays of private renting: rent control, security of tenure and subsidy.…
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Licensing schemes stifling investment

Posted on Jul 29th 2014

The NLA has warned that costly and ineffective landlord licensing schemes from councils could have a detrimental effect on local investment.

Responses in the latest NLA Quarterly Landlord Panel research show a majority of landlords who are considering future property purchases plan to buy in their local area.…
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Legal amendment will clarify rules over deposit protection

Posted on Jun 24th 2014

An amendment to the Housing Act 2004 is to clarify tenancy deposit rules following the Superstrike case.

The Government had always said that it would act by rewriting the legislation.

The amendment has been tabled to the Deregulation Bill by Tory MP Philip Davies.…
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Agents upfront about fees, say tenants

Posted on Jun 13th 2014

New research carried out for UKALA confirms that the majority of tenants consider letting agents to be upfront about the fees they would need to pay to secure their tenancy.

Nearly 650 online respondents took part in the UKALA Tenant Panel research, which includes findings from tenants with both UKALA and non UKALA agents.…
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The renting revolution

Posted on May 16th 2014

The private rented sector has now overtaken the social rented sector to become the second largest tenure in England.

According to the latest English Housing Survey, there were an estimated 22m households in England between April 2012 and March 2013. Of these, 65% (14.3m) were owner occupiers, 18% (4m) were private tenants, and 17% (3.7m) were social tenants.…
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Rental properties Green Light for Green Deal

Posted on May 1st 2014

Landlords and tenants are now able to access a new lending fund to improve the energy efficiency of their homes and properties. Secretary of State for Energy and Climate Change, Ed Davey MP, has confirmed the extension of Green Deal financing to the private rented sector in England, Wales and Scotland.…
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Landmark legal ruling changes Section 21

Posted on Apr 29th 2014

A landmark legal ruling could save landlords thousands of pounds, legal firms are saying.

This follows a ruling that Section 21 notices can be served in two calendar months, to end an Assured Shorthold Tenancy after the end of a fixed term.…
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RLA welcomes plan for new voluntary database

Posted on Dec 19th 2013

The RLA has welcomed plans by the Government to establish a new voluntary database for landlords to provide information about their tenants to water companies.

The measure is designed to let water companies pursue tenants who have not paid their bills and who at the moment cannot be found when they move on.…
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RLA wins amendment pledge in immigration legislation

Posted on Nov 29th 2013

The RLA has been instrumental in getting a pledge that a crucial clause in the Immigration Bill will be redrafted.

As it stands, Clause 17 would allow legalised squatting. It would make it impossible for landlords, who breach the requirement to check the immigration status of their tenants, to enforce payment of rent or take back possession of the property – meaning that a tenant could continue to live there rent-free.…
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