Property News In Reading

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Lettings: Landlords To Face Additional Screening by Agents from This Week Onwards 16 May 2025

All UK letting agents are legally obligated to screen landlords, tenants, and other clients against the UK government"s official sanctions list, in accordance with newly enforced financial sanctions regulations which have come into effect as of 14th May.... Read More

Caution Arising as Housing Market Showcasing Signs of Strain 09 May 2025

The latest market snapshot from the Royal Institution of Chartered Surveyors (RICS) highlights increasing strain in the UK housing market. In April, both buyer enquiries and agreed sales declined further, largely due to ongoing economic uncertainty, affordability challenges, and tight borrowing conditions.... Read More

Incoming Anti-Money Laundering Changes 02 May 2025

Starting May 14, 2025, letting agents must follow new Anti-Money Laundering (AML) and Financial Sanctions Regulations (FSR). These rules are meant to improve oversight and reduce financial crime. Garrett Foxon, CEO of automated client accounting platform Lettspay, explains the key points:

New Reporting Duties

Letting agents will need to:

• Report to the Office of Financial Sanctions Implementation (OFSI) if they know or suspect someone is under financial sanctions.... Read More

Changes To Renters` Rights Bill Proposed by NRLA 28 March 2025

The National Residential Landlords Association (NRLA) has provided details of its support for certain adjustments demonstrated by Lords and organisations within the last couple weeks to the Renters" Rights Bill. The Bill is set to return to the House of Lords on April 22nd 2025 for the first part of at least two days of detailed examination.... Read More

Important Update: New Landlord Licensing Rules Due to Be Implemented in Reading 21 March 2025

Following on from our newsletter last year on the 29th of November regarding new HMO regulations being set for the Reading Berkshire area, we now have an important update in order to help prepare our buy-to-let landlords relating to the new tough licensing regulations set to be employed throughout the town.... Read More

Small Share of Rental Properties Marketed Are Pet Friendly Despite Incoming Bill 14 March 2025

Only 8% of rental properties advertised on the current market are pet-friendly, months ahead of the upcoming Renters" Rights Bill which is due to become law this spring/ summer. Just within the UK alone, it is projected that around 51% of adults own a pet therefore the incoming Bill is the latest effort by the government to upsurge pet-friendly properties throughout the rental sector.... Read More

Positive Update for Landlords: Potential Renters` Rights Bill Amendments Explained 07 March 2025

The House of Lords is currently considering a series of adjustments to the controversial Renters" Rights Bill due to soon come into effect.

Fixed-Term Tenancies and Eviction Provisions: The Lords have proposed retaining fixed-term tenancies of up to 12 months, with potential extensions after four months of occupancy.... Read More

Landlords At Risk Of £4,000 Penalty If Not Registered with Data Regulator 28 February 2025

The National Residential Landlords Association (NRLA) is prompting landlords who electronically handle personal information to pay their annual fee to the Information Commissioner"s Office (ICO). The ICO serve as the regulator for data protection and landlords are expected to pay a set fee if they store any personal information regarding applicants on a computer or phone; this also includes the use of CCTV.... Read More

Renters` Rights Bill Passes Second Reading in The House of Lords 07 February 2025

The Renters" Rights Bill has now passed its second reading, taking place on the 4th of February 2025, in the House of Lords and will proceed onto the Committee stage. Peers debated the Government"s proposals for the Private Rental Sector (PRS) of the Renters" Rights Bill.... Read More

Tax Return Warning – Just Hours Remaining for Landlords to File Returns 31 January 2025

The deadline of January 31st for landlords to file their annual tax return is hours away, those not meeting this deadline risk a late filing penalty of £100. Recent official statistics demonstrate around 66% (approx. 8.6m) of those tax payers have already met this deadline and finalised filing of their annual returns.... Read More

Landlords: What You May Need to Do in Order to Endure Upcoming Renters` Rights Bill 24 January 2025

Adams Estates have looked into the best methods for landlords on how to endure, as well as thrive, throughout the rental market following the Renter"s Rights Bill coming into effect.

Beginning with a positive, the Labour Party has pledged not to implement rent controls, with interest rates due to decrease and the demand for rental housing at consistent highs.... Read More

The Renters` Rights Bill Successfully Passes Third Reading in House of Commons 17 January 2025

On the 14th of January 2025, the Renters" Rights Bill has successfully been approved through its third reading in the House of Commons. As part of our ongoing commitment to keeping you informed, we wanted to update you on the latest developments regarding the Bill, which is now currently making its way through Parliament.... Read More