What Are Pooled Client Accounts? With various crucial roles in managing properties, an essential aspect of the operations of a letting agency is the use of Pooled Client Accounts (PCAs). These accounts consolidate multiple individual client accounts into one single centralized business account. Utilising PCAs simplifies financial transactions by allowing use of a single account …
Category: Property News
The Rent-to-Buy Scheme: A Path to Homeownership
With the rental climate frequently exhibiting unpredictability, saving the money for a house deposit can be daunting. The Rent-to-Buy scheme in England attempts to resolve this, by making the transition from renting to buying a home much more manageable. What is the Rent-to-Buy Scheme At the heart of the Rent-to-Buy scheme is one simple principle. Tenants rent …
EPC Policies: Navigating the Evolution of Government Guidelines
In recent years, the UK government has been actively working towards achieving its goal of net-zero carbon emissions by 2050. One of the key strategies in this endeavour has been to rework Energy Performance Certificate (EPC) policies. Current Requirements As of April 1st 2018, the Minimum Energy Efficiency Standard (MEES) regulations have dictated that all properties being let …
OnTheMarket’s £100 million Sale to CoStar Group
In the last week, CoStar Group confirmed its acquisition of OnTheMarket (OTM) for a staggering £100 million. This is set to shake the property portal industry, with both companies committed to maintaining OTM’s position as a platform for agents with fair pricing, while elevating it to being a fierce challenger for both Rightmove and Zoopla. …
Rental Reality: Tenants Face Surge in Property Costs
Changes in the Rental Market A report by insurance company HomeLet has highlighted shifts in the rental market, documenting an escalation in rental prices. The report recorded a 10.1% increase in rent, with a 12% increase in London specifically, resulting in an average rent of £1,276 nationwide, and £2,179 in London. HomeLet has also reported a 2.2% drop in affordability across …
Revolutionize Your Property Management: Aiding Letting Agents in the Landlord Surge
In an evolving rental landscape, an increasing number of landlords are turning to letting agents for the first time. This is predominantly due to surges in regulatory requirements and the growing complexity of property repairs. Causes of the Landlord Surge A survey conducted by comparison service Uswitch found that out of 2,000 landlords, a significant …