Welcome to our Autumn installment of our newsletter with up-and-coming news relating to the property market and how it can have an effect on landlords, tenants, sellers and buyers alike, if you have any questions – don’t hesitate to get in touch.
Notice Periods for Landlords Return to Pre – Covid lengths
The UK Government has today confirmed that notice periods will return to pre-COVID lengths in England from 1st October 2021. Following the pandemic and the introducing of the Coronavirus Act 2020, the UK Government increased all notices to six months for most grounds (including Section 21 notices), with exemptions for certain serious cases.
Since 1 June 2021 until 30 September 2021 notice periods must be at least four months in most circumstances apart from exemptions for the most serious cases. Notice periods for cases where there are less than four months of unpaid rent, reduced to two months’ notice from 1 August.
From 1 October 2021, notice periods will return to their pre-COVID lengths.
Goodlord Publish State of the Lettings Industry Report 2021
The fourth edition of the State of Lettings Industry report from Goodlord has recently been published. The report features unique insights from 550 lettings professionals and 1700 tenants from throughout the UK.
Unsurprisingly Covid 19 has been the biggest concern, however optimism about the future of the market is batter than ever, reflecting the resilience of the lettings segment of the property sector.
For the full report please click here.
IS BUILD TO RENT THE SAVIOUR OF RENTAL MARKET DEMAND?
One of the key problems facing the UK housing market can be boiled down to: lots of demand and not enough supply.
Build to rent is a distinct class within the private rented sector and consists of exactly what its name implies: building new homes specifically for renters, not buyers.
This focused development means that homes are being built to head off some of the biggest issues renters face, and it is quickly emerging as a solution to the housing crisis and suburban-based tenant demand.
For further information please see the below article regarding how the scheme will work and how it will impact the current rental market: BUILD TO RENT.
Brannen & Partners Lettings Social Media Launched
We are very excited to officially announce our new Brannen and Partners Lettings Pages on Facebook and Instagram.
We will be sharing a variety of useful content to keep our landlords and tenants up to date with all the property industry news, competitions, special promotions and more!
Please check out our page, and be sure to LIKE and FOLLOW us!
If you have any queries or require further information regarding any of the information contained in this newsletter, Sales, Lettings or Block Management information, please don’t hesitate to get in touch.
The Brannen & Partners Team