letting

Shift from short term to long term lets

Pre corona-virus short term let landlords were contemplating the switch to long term rentals. The rise in sites such as Airbnb, Booking.com and Home & Away has made holiday lets a number one choice than hotels. It has also seen the rise in house parties, stag / hen parties staying and group bookings where it should only be a set number of guests. It has also seen a fall in long term properties being...

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The Rental Market is Steady and Rents on the dip in some areas of the UK.

Market Rental Figures Rents have dropped in the past four months to September, the average rent for a two bedroom property decreased from £777 to £767, a one percent fall. The average in Scotland to rent a two bedroom property per month: Edinburgh averaging £1,100 – one per cent dipGlasgow averaging £800 – steadyAberdeen averaging £700 - steadyDundee averaging £600 - steady The...

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Tenants get the support needed during rent crisis

With the global pandemic still here and everyday life a little strange, some tenants have found themselves in a struggle or a deeper struggle with financial difficulty. This effects the rental process as tenants cannot afford to pay the rent, benefits have been cut, personal debt rises and utility bills rise as we all were in lockdown. During lockdown our CEO Grant MacCusker took part in various zoom...

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Tenancy notice periods and rules update 2020 – 2021

From Saturday 29th August 2020, UK agents and landlords must now give tenants a minimum six months’ notice before they can evict any tenant. There are some exceptions, and they are in the most serious of cases, such as incidents of anti-social behaviour and domestic abuse. On Friday the UK Government made the announcement and the new rules came into effect the next day, Saturday. From August 2020...

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Tenant Demands in 2020

With the new normal in daily life and the property sector back in full swing we can start to see some trends in the letting industry. From January to June 2020 Letting Cloud surveyed over 500 tenants asking them to rank their top five rental property features on their importance. The results were different to what we at Letting Cloud had predicted. The top five are: Broadband Speed: Pre lock-down...

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Property Market July 2020

Property Market July 2020 As we start to see a “new normal” upon us. It is great to see the property market back up and running effectively. With lock down effecting the market for a few months due to tenants not being able to move from properties, we can see a few knock on effects for tenants and agents. Feedback from our agents is they expect the next couple of months to be a busier than normal...

CORONAVIRUS COVID-19 – Company-Update

CORONAVIRUS COVID-19 20 March 2020 It is challenging times for everyone employed, self-employed and letting agents who are predominantly small businesses, sometimes family businesses and a lot of the time are a small three or four person team. Property advertising is a vital part of letting a property for landlords and agents and the number one place potential tenants will go to on searching for...

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