Nottingham Letting Agent Property Blog

According to recent research from the Association of Residential Letting Agents, more landlords are ensuring their properties are energy efficient, and are becoming more aware of the energy performance ratings. In December of last year 61% reported they didn't have any properties with an energy efficiency rating of F or G which is an 11% increase compared to 2011. This may be due to landlords selling less energy efficient properties, or investing in upgrades to older properties. The number of landlords who are unaware of the energy efficiency of properties in their portfolio has also fallen by 12% year on year.Perhaps...

The Association of Residential Letting Agents (ARLA) has warned that cannabis factories in privately rented homes are on the increase. Police forces up and down the country have reported more and more are being set up in perfectly ordinary rental properties. The problem is occurring both in the inner city areas as well as suburbia. Over the last two years, the numbers of cannabis farms in Dorset have risen by an incredible 550%, with police discovering a total of 93 farms during the previous twelve months. In comparison, the figures for 2009/10 were just 15. According to data released by the...

Increasing numbers of tenants are asking to see that the landlord does have permission from their lender to rent out the property, and this is beginning to affect those landlords who have been forced to rent out their property until they can sell it. Unfortunately many of these so called ‘reluctant landlords’ have failed to get permission from their lender as this would push up the interest rates on their mortgage.The problem faced by tenants is that they are at risk if the landlord subsequently defaults on their mortgage, and could find themselves homeless. According to the Association of Residential Letting...

It looks as if rents in the private sector could be beginning to stabilise, as data from the Association of Residential Letting Agents shows that only half of its member reported increased achievable rent levels, down from 60% nine months ago. The average length of time between lettings is also up to an average of three weeks, and this period has now risen for two consecutive quarters.In addition, ARLA members have reported a decline in the number of contracts for new tenancies. This could be due to decreasing demand from tenants, or it could be due to rents becoming more unaffordable....

According to the latest research from the Association of Residential Letting Agents, more tenants are facing difficulty paying their rent on time, with 41.2% of ARLA members saying the number of tenants having trouble paying on time increased in the six months prior to March 2012. Apparently more tenants are attempting to haggle over their rent in an attempt to knock it down when negotiating with landlords and Nottingham letting agents. Just over half the letting agents surveyed said more tenants were trying to get a better deal, especially in the North East of England, and the South-West, while those living...

The Association of Residential Letting Agents (ARLA) and the National Association of Estate Agents (NAEA) have both just elected new presidents.Tim Hyatt is to become the new president of The Association of Residential Letting Agents, and he will replace Susan Hughes-Thomas. Tim began his career in the property world in 1991, and is now head of lettings at Knight Frank. He has been involved with the Association for many years and regards it as a great honour to become its president. He is looking forward to the challenges presented by the rapidly changing private rented sector, and is encouraging members to...