Lettings

Did you know 21% of private renters were asked to provide a guarantor when they applied to rent their current property? This finding was part of the latest English Housing Survey, which revealed almost 1 million tenants needed a backup financial plan.

The 2024 Autumn Budget has delivered both stability and new challenges for landlords across the UK. This year’s budget spared landlords from the hotly anticipated Capital Gains Tax (CGT) increase, a relief for those concerned about selling costs. However, the budget introduced a higher Land Transaction Tax (LTT) surcharge for additional properties in Wales and placed a greater emphasis on energy efficiency upgrades through grants and tax reliefs. To help landlords in Newport and the rest of Wales understand and navigate these changes, Redkey explores the main takeaways from the budget that landlords need to know — and what steps to take next.

If you're a landlord wanting to minimise the stress of managing your rental property, you may consider using a property management company in Newport. However, knowing the right questions to ask to make sure you get the best fit is key to success! At RedKey, we are experts in lettings and property management! So, we want to share five questions you should ask when choosing a letting agent.

When a property is listed for rent, there is currently no shortage of tenants vying to hopefully secure the home. The demand has been quantified by Rightmove, who says the number of enquiries each available rental property is receiving is 17.

Are you never happier than when your home is spotless or are you a tad on the slovenly side? If you own your home, this question is elementary but if you live in a rented property, the level of dirt you’re comfortable with can affect whether you get your full deposit back.

Tenants are increasingly asking private landlords for properties with good green credentials. That’s the findings of the latest Handelsbanken annual Property Investor Report.

The sun is out (fingers crossed), the temperature is rising and there is the distinct smell of barbeques in the air. After one of the wettest UK springs on record, who can blame the nation for rushing outside as soon as possible?

Viewing a property you’d like to rent can be exciting and overwhelming in equal measure. You may be distracted by the aesthetics or focused on checking the condition of the rooms but there are 8 less obvious but no less important questions you should ask while at the property. Print these out if you think you might forget!

For those living in a rental property with an ever growing collection of items, storage can become an issue. On inspection, most tenancy agreements prohibit renters from drilling holes in walls, altering the layout in a property or installing fitted furniture, so adding extra storage will need more creative thinking.

National Empty Homes Weeks 2024 runs from 4th to 10th March this year and while the thrust of the event is to shine a light on bringing vacant dwellings back into use, the organisers offer support to all those who may have an empty property.

On the outside, selecting a good tenant may feel as simple as accepting the person who makes the highest offer, especially if the most recent news is to be believed. A survey undertaken for the New Economics Foundation found tenants were willing to go to extreme financial lengths to secure a rental property. As a result, landlords have had the luxury of waiting for the ‘highest bidder’ to emerge.