Category: Property

Tenants – Love Your Home in Lockdown

With another week in lockdown progressing and cabin fever possibly setting in, why not give your rental home a revamp? Citylets have created a list of simple tips to suit any budget, that can help transform your rental property into your new haven. Move things about First of all, one of the simplest ways to …

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Buy to Let Yields Rising in UK Hotspots

Recent research by Howsy (lettings management platform) has revealed pockets of the UK rental market showing a strong increase in yields. The study also recorded areas that have experienced an increase in yields despite the current pandemic. Although the UK average rental yield dropped marginally in December 2019, just prior to the pandemic (from 3.6% …

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Students Will Be Released from Tenancies Early

Following closure of universities in light of the Coronavirus outbreak and public health measures taken to tackle its spread, many students have returned to their family homes, complying with the Government’s guidance. Whilst students living in the private rented sector (PRS) could terminate their tenancy by giving a 28 day notice under the Private Housing …

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Get Ready for Busiest Day in Lettings Industry’s History

COVID-19 and the lockdown have caused major disruption to the property industry and everyone is waiting with anticipation for the day the Coronavirus restrictions are relaxed. With the property sector being recommended as one of the first industries to resume operating, letting agents are being urged to prepare for what could be one of the …

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First Month of Lockdown Shows Minimal Rise in Late Rental Payments

An analysis of rental payments from March 11th to the middle of April revealed that there was only a small rise in late payments across the UK. A rise of approximately 2% was recorded, from a customary 4% to 6% during the period where a representative sample of 20,000 rental properties and over 120 agents …

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Letting Agents Stand Up to COVID-19 Challenges

An overwhelming majority of Scottish landlords are satisfied with their letting agency’s response to COVID-19, according to a new study. The survey of over 1,000 private landlords on the impact of COVID-19, conducted via email and social media by landlord’s estate agent, Portolio, has revealed that 92% of private landlords are happy with the performance …

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