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Rent Smart Wales launches TODAY

Posted by: Adam Male on 23 November 2015
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Changes came into place today for Landlords in Wales - the Rent Smart Wales scheme is launching across the country today.


The scheme is being introduced in order to raise standards in the private rented sector in Wales. The new legislation requires all landlords operating in Wales to register and apply for a licence in order to operate within the private rental sector. The new legislation and Rent Smart Wales is replacing the existing Landlord Accreditation Wales scheme, a voluntary scheme operated by Cardiff council on behalf of all Welsh local authorities. 


Landlords have a year to get their licence in order before they face penalties. The potential penalties include hefty fines and even prosecutions, so it is important that licences are put in place!


You have a year to make sure you have all your relevant paperwork in order, but it is important to make sure that everything is in order before the 23rd November 2016

  • If you are a private landlord in Wales you must register yourself, and the addresses of all your rental properties in Wales.
  • If you manage property or undertake defined letting at a rental property in wales you must apply for a licence. if your agent manages your property on your behalf, make sure your agent has a licence. 
  • You have to prove that you have any appropriate training required to manage the property.
  • If you need any further training, licensing training will be available through Rent Smart Wales, or approved training courses. 




Nation's moving-day quirks exposed!

Posted by: Adam Male on 20 November 2015
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Whilst cracking open a bottle of chilled champagne and toasting your lovely new home may be the vision we all dream of when we imagine settling into our new home for the very first time.

However, according to a survey released today by Nationwide Mortgages, the reality is quite different…

  • More than half of new home owners celebrate a successful move with a cup of tea, only 8% crack open the bubbly! 
  • Only 7% pop round to say hello to their new neighbours… possibly to borrow some sugar for their tea?
  • Nearly 10% of people admit they don’t pack very well, and struggle to find the essentials on moving day. 
  • 14% say they received a housewarming gift of chocolates, flowers or wine from their vendors
Whether you prefer tea or champagne, don't forget to pack the glasses or mugs somewhere you can find them! 

Growth in UK cities shows increased confidence in the market

Posted by: Adam Male on 20 November 2015
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Whilst parts of the country has been slower to recover from the 2008 crash than others, (parts of which has seen mammoth price gains of up to 70% in the past six years) it is clear that increasing confidence in the market, lower mortgage demands and an increasing demand for property has promoted a price hike in certain cities!

Glasgow, Manchester and Liverpool recording their highest rate of house price growth since 2007, with a healthy uplift across much of the UK. 


Prices stopped falling in Glasgow three years ago, but the city has seen a huge boost of 8.3% in the past twelve months – this rate of growth has not been seen since August 2007. The average property price in Glasgow is now £110,500. 

Manchester has been recovering since 2012, with a 7% raise in the past twelve months contributing to an overall rise of 17% since 2012. You would expect to pay on average around £141,200 for a property here. 

Liverpool was previously the poorest performing city when it comes to boosting property prices, but this has all changed in the past 12 months, with prices rising by 5.1%, and the average property now costing around £109,900. 

You would expect to pay an average of £146,900 for a property in Leeds, despite a healthy 7% growth over the past year. 

The biggest annual price growth was seen in Oxford, with a mammoth growth of 12.8%, with the average home costing £378,000. It is followed in by London (12%) and Cambridge (10.7%). 

The RLA slams landlord licensing

Posted by: Adam Male on 19 November 2015
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The Residential Landlord association has criticised plans for landlords to be charged for licences, stating that the new legislation has been designed purely to solely to collect information on the number of landlords in an area.


The RLA has been described the new scheme as being ‘without reason’, and it has even been suggested that they will end up being a ‘tax against tenants’, as landlords have to pass the costs of keeping up with new legislation to their tenants. 


The Department for Communities and Local Government sent a letter to all councils in England, identifying that the local authorities had the power to request information about a property’s tenure and a landlord’s identity from tenants. The RLA believes tenants should identify their landlords on council tax forms, which they say would be more successful in building a database of all landlords across the country, including those who may not be honest enough to come forward and register for a licence. Q&A - When do I need to protect my tenant's deposit?

Posted by: Adam Male on 18 November 2015
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I am planning to hold the deposit for my property, at what stage of proceedings does this need to be protected?




A landlord, if you are planning to take a deposit you must ensure that the deposit is protected within 30 days of receiving the deposit from your tenant. This is a legal requirement under the Tenancy Deposit Protection legislation, which is set out in the Housing Act 2004, and is the same whether you as a landlord choose to hold the deposit, or whether you choose to have it help by a third party.

The information you must provide is:

  • The address of the rented property
  • How much of the deposit your tenant has paid
  • How the deposit is protected
  • The name and contact details of the tenancy deposit protection scheme and its dispute resolution service
  • Your (or your letting agency’s) name or contact details
  • The name and contact details of any third party that’s paid the deposit
  • Why you would keep some or all of the deposit
  • How to apply to get the deposit back
  • What to do if your tenant can’t get hold of you at the end of the tenancy
  • What to do if there’s a dispute over the deposit

It is important to remember that you officially receive a deposit when a cheque, cash or bank transfer is received by you, not when it is cleared in your bank account, so make sure you take this into account!