InventoryBase Blog

Why buy to let will remain a good investment

Benham and Reeves, the London lettings agency, has released figures which indirectly demonstrate why continuing to invest in buy to let property remains a safe and rewarding investment for the longer term. By investigating historic data of first time buyer prices obtained from the Land Registry, which looked at figures from both the UK and […]

March 14, 2019

Is this the end of online agencies?

The property business is not without its drama, and it seems as if the UK has reached its peak of online agencies. This niche sector, once considered the scourge of the high street agent, is now reportedly in retreat. For example, in one day Purplebricks lost two crucial chief executives, along with a decrease of […]

March 13, 2019

The cost of renting falls in the private sector

According to a recent official report, the proportion of a private tenant’s income spent on rent has continued to drop in England. Figures obtained by the latest Housing Survey in England, and based on research provided in 2017-18, has shown that private tenants paid approximately 32.9 per cent of their income on rent, on average. […]

March 12, 2019

Is traditional property management over?

The relationship between agents, tenants and landlords in the next five years will not be the same as it is now, and was previously. This is good news for agents and landlords willing to embrace change. With the number of properties within the PRS (Private Rental Sector) more than doubling during the past fifteen years, […]

The best cities for renting property on a single room basis

Some buy to let landlords choose to let property on a single room basis rather than renting the entirety of a property to just one family or person. Landlords claim to choose this option as it occasionally offers opportunities to receive a higher revenue per month, while tenants also enjoy reduced monthly rents as they […]

March 10, 2019

Government considers rent control return

Earlier this month, the government published a research document within the House of Commons Library, which aims to help MPs consider the reintroduction of rent control. Since the Housing Act 1988 was introduced, rents on the majority of new private rented tenancies after the 15th January 1989 were deregulated in Wales and England. This has […]

March 8, 2019

InventoryBase launches Multi-account update for agencies and suppliers

Today InventoryBase released their new Multi-account module for accessing multiple InventoryBase accounts from a single login. InventoryBase works with thousands of property service suppliers including independent inventory providers across the UK . As suppliers typically work with multiple agents, and in turn some agents work with multiple suppliers, InventoryBase now makes it simple to switch […]

March 7, 2019

Overseas investors take advantage of weak pound to purchase London property

Overseas property investors are snapping up properties in the capital, with over half of all London properties on the market purchased by foreign investors in the latter half of 2018. As sterling weakened, it gave overseas buyers a beneficial exchange rate, new statistics have shown. With the dive in the value of the pound after […]

Landlord who illegally evicted tenant is given suspended sentence

Landlord who illegally evicted tenant is given suspended sentence. A private rented sector landlord based in Leeds has been given a suspended prison sentence for conducting an illegal eviction, which left their tenant homeless. The case, held at Leeds Magistrates’ Court, heard how the tenant was left homeless after the landlord changed the locks to […]

March 6, 2019

InventoryBase launch new Template Library

InventoryBase are excited to announce the launch of our new Template Library which will allow users to access a variety of ‘common sense’ templates for use in the residential, commercial, hospitality and health & safety sectors of property reporting. With an increased need to abide by evolving legislation and keep costs down, InventoryBase provides a […]

March 5, 2019

Best locations in UK for buy-to-let revealed

Despite the major changes in how buy-to-let investments are taxed, with many landlords being left with higher tax bills, some regions of the UK are still providing attractive returns for investors. Currently, the best location to invest in property in the UK has been proven to be the North West region of England, in research […]

Tenants fee ban given Royal Assent

James Brokenshire MP, the Communities Secretary, has stated that a new law, which will protect tenants against unjust letting fees, will come into force from 1st June 2019. The law placing a cap on tenancy deposits at five weeks’ worth of rent, will apply to all residential tenancies within England and aims to stop the […]

March 4, 2019

Could Brexit uncertainty be good news for buy-to-let landlords?

Trends show that many residents will delay in buying property during periods of turmoil and uncertainty, which appears to be exactly the current situation in the UK amid growing Brexit confusion. According to HomeLet’s chief executive, Martin Totty, this could result in positive news for buy-to-let landlords, as more people will consider renting rather than […]

March 1, 2019

Research shows rent increase in 2018 of 2.5 per cent

Research shows rent increase in 2018 of 2.5 per cent. The most recent HomeLet Rental Index has shown that there was a steady growth in rents within the UK last year, with an average growth rate of 2.5 per cent. The average rental price in the UK is now at £932 each calendar month. Despite […]

February 27, 2019

Private rented sector predicted to double in next six years

According to new research from Your Move, investment within the PRS (private rented sector) could potentially double to £75 billion in 2025, a record-breaking figure. Due to the desire for lifestyle flexibility and affordability pressures, investment in the UK PRS market is predicted to grow, alongside a decline in home ownership. There are currently approximately […]

Surge in UK and foreign students positive news for market, agency explains

Knight Frank’s student accommodation partner has given its approval to new figures which suggest that there is a current surge in domestic and overseas students applying for undergraduate degree courses in the UK. The student partner, Neil Armstrong, explained that 38.2 per cent of Britain’s 18 year olds have applied for a full-time undergraduate degree […]

February 26, 2019

Could a property portal ever be bigger than Rightmove?

Rightmove features heavily in our day-to-day modern life, especially for homeowners and those looking for a new property. Parents scour its pages to find out if a home is located in a catchment area for a good school, neighbours check the prices of nearby homes for sale or to see if a home has been […]

February 25, 2019

Could fees ban be less dire than once feared?

Could fees ban be less dire than once feared? A large-scale franchise agency has stated that its preparation work in anticipation of the tenants fee ban has resulted in a less drastic impact than once feared. Within a trading statement given to the City and shareholders, The Property Franchise Group explained that in the year […]

February 22, 2019

Tenant Fee Ban – What next for Inventory providers?

Finally; we now have the confirmed date (1st June) for the implementation of the tenant fee ban; it’s ‘really happening’. And so, for many, this this where the real work begins especially for letting agents who now have to think about how they will manage the impact on their businesses and mitigate the loss of […]

February 21, 2019

Landlords increasingly forced to use Section 21 due to Section 8 delays

Landlords increasingly forced to use Section 21 due to Section 8 delays. More than half of landlords are going through the no-fault eviction Section 21 process due to rent arrears, with many choosing this route instead of Section 8. This is because of the unpredictable results and unreasonable amount of time it takes for a […]

UK becomes one of the worst European countries for buy-to-let investment

Due to a wide range of measures including increased regulation, hikes in stamp duty and higher taxes, the UK has been placed among some of the worst countries within Europe for buy-to-let investors. New research released by the Daily Telegraph has shown that in the course of the past year, the UK has fallen ten […]

February 20, 2019

How to avoid carbon monoxide poisoning in rental homes

According to a recent study from Energy UK, one in three UK residents do not have carbon monoxide alarms fitted in their homes, leaving them at risk of carbon monoxide poisoning. The findings are astonishing when taking into account that from the 2,000 people questioned for the survey, 94 per cent claimed they were aware […]

February 19, 2019

A housing court would be a positive move for landlords

Landlord associations such as the RLA (Residential Landlords’ Association) are calling for serious changes to the current legal system, in order to provide tenants and landlords with efficient access to justice. The RLA has stated that it considers the current system to be unfit for purpose. Any housing issue is currently dealt with through a […]

February 18, 2019

New proptech platform promises to solve short-term let breaches

British start-up firm, Lavanda, has developed a new app that it hopes will provide a compliant solution for both tenants and landlords in the event of a short-term let. The property specialist is launching Europe’s first platform focusing on short-term rentals for tenants within the private rented sector, in an effort to resolve tenancy breaches […]

February 15, 2019

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