As of 13th May 2020 in England, Government guidelines have enabled the housing market to re-open for business. In this episode of Inside Property, Richard Blanco is joined by broker Jay Rooney; Lawrence Bowles from Savills Research; and Arla Propertymark board member, Rachel Hanniquet-Brooking. They look at how agents and customers are coping with the new procedures and discuss the ongoing mortgage holiday, rent holiday challenge facing many landlords and tenants. How is the mortgage landscape evolving, and what are the prospects for house prices and sales and lettings activity moving forward?
Jay Rooney, Lawrence Bowles, Rachel Hanniquet-Brooking
More and more of us are renting for longer – not by choice, but by necessity. In cities especially, more people are renting into their thirties, forties and beyond, sometimes raising children in rented flats with no long-term security. Rents are sky high. Saving for a deposit can take a decade or longer. And for many people, property ownership seems unachievable. But what if we could do something about it? Could rent controls be the answer? To help answer this question, Ayeisha Thomas-Smith is joined by Hanna Wheatley, researcher at the New Economics Foundation and co-author of a NEF report on rent controls, and Eva Freeman, private renter and member of the London Renters Union.
Adam Cox is joined by Steven Hiltermann – UK General Manger at room and roommate finder, Badi. Together they discuss the pros and cons of renting, and how finding your ideal flatmates could be the answer to the ever-increasing demand for living space in big cities across the globe.
The mortgage price war claimed a high profile victim this week as Tesco Bank scrapped lending. Tesco Bank will continue with its other products, but why has it ditched mortgages, why have a string of other smaller players shut their doors in recent months, and why did building society behemoth Nationwide issue its own caution on home loans this week? On this week’s podcast, Simon Lambert, Sarah Davidson and Georgie Frost dive into what is currently a weird world of mortgages: where a greater supply of money to lend than demand to borrow it means there are some very cheap deals on offer. Also on this week’s show, the team look at a reader’s problem with a neighbour upstairs, who has stripped the floor back to floorboards and is creating noise issues, despite a lease that says there must be carpets. How do you enforce that? Thomas Cook’s troubles and what they mean for holidaymakers are under the spotlight too. And finally, ever wondered why sometimes drivers get a ticket but at others escape with just a warning, or what really drives police officers mad behind the wheel?
This is Money in partnership with NS&I, with Georgie Frost, Assistant editor Lee Boyce and reporter George Nixon. In this week's episode, the team brings us some good news for victims of bank fraud, for renters chucked out for no good reason and savers struggling to save. However, Amazon shoppers, London house sellers and procrastinators haven't been so lucky themselves. Stay tune for the latest, breaking money news.
The inventory and return of the deposit are key aspects of being able to end a tenancy well – but what if the tenant is in arrears or has breached the contract? How can tenants get redress if their landlords don’t comply with regulations? And what of the softer sides of ending the tenant landlord relationship…. how can staying on good terms help to oil the wheels over those inevitable bumps in the road? Richard Blanco is joined by inventories expert from No Letting Go, Lisa Williamson, Head of Dispute Resolution from My Deposits, Suzy Hershman and Al McClenahan, Director of Justice4Tenants.
Adam is joined by US based private investigator Tammy Sorrento who is the founder of Fireball Approves. Tammy was nearly scammed out of thousands when looking for a holiday rental property. Her near miss lead her to go after the property scammers. Tammy explains that fraudsters go on rental sites and duplicate the advert and aim to take the money for a property that they don’t own. The victims are then lefts thousands out of pocket and may never see their money again. Tammy explains that UK based holiday makers are particularly at risk as they aren’t able to physically view the property. She also gives a few tips of the red flags that could expose a fraud and how to avoid them.
Inside Property is back for the new year! And with a raft of regulatory changes planned for Letting Agents in 2019, who will benefit and who will be losing out? From April, Letting Agents must have a dedicated bank account and insurance for clients’ money; and tenants’ fees will be banned from June 2019. What is morale like amongst Letting Agents, and how will the sector change in the coming years? And as a result of these changes, will the real victory be with the consumer? Host Richard Blanco is joined by David Cox, CEO of Arla Propertymark; Fiona Exley from London Trading Standards; and Business Transfer Agent, Adam Walker.
How would you feel about compulsory three year tenancies? Would they provide essential security of tenure for families or pose too big a risk for landlords? The government has appointed the third housing minister this year. What will Kit Malthouse bring to the table and how confident are you that housing really is a priority for ministers? Will the Bank of England end nearly a decade of ultra low interest rates and increase them this August? And we discuss a new initiative to help student landlords support tenants with mental health issues. Richard Blanco is joined by Chris Norris, Director of Policy & Practice at The National Landlords Association and and Carol Lewis, Deputy Editor of Property and Personal Finance at The Times.