Zeta Homes

1 Bedroom Semi-Detached, Dagenham £700.00

Wed, 24 Sep 2008 12:00:00 GMT

Property close to Dagenham East Station on District line. Close to all amenities and the A13 with easy access to the city of London and Docklands.

2 Bedroom Flat, Dagenham £800.00

Wed, 03 Dec 2008 12:00:00 GMT

Ready to let - A 2 bedroom flat with inbuilt kitchen, toilet and spacious rooms. Ideal for a couple or a young family. The proprty is about 5 years old and is located on the A1306 in Dagenham, directly opposite the ford Car Manufacturing company.

1 Bedroom Conversion, Ilford £850.00

Tue, 06 Jan 2009 12:00:00 GMT

ZETA HOMES ARE PLEASED TO OFFER this two bedroom ground
floor flat situated off Leytonstone High Road, the property benefits from a reception,
kitchen, bathroom, garden, also comes with a NO ONWARD CHAIN, early viewings are recommended.

1 Bedroom Flat, Ilford £750.00

Tue, 06 Jan 2009 12:00:00 GMT

ZETA HOMES IS PLEASED TO OFFER this two bedroom ground
floor flat situated off Leytonstone High Road, the property benefits from a reception,
kitchen, bathroom, garden, also comes with a NO ONWARD CHAIN
· CHAIN FREE
· WALKING DISTANCE TO SAINSBURY S

2 Bedroom Conversion, Romford £800.00

Tue, 06 Jan 2009 12:00:00 GMT

ZETA ARE PLEASED TO OFFER this 1 bedroom ground
f/flat situated off The brewery, the property benefits from a reception,
kitchen, bathroom, garden, NO ONWARD CHAIN, Close to Queens Hospital. Easy access to city and Docklands

2 Bedroom Conversion, Ilford £650.00

Thu, 08 Jan 2009 12:00:00 GMT

ZETA HOMES ARE PLEASED TO OFFER this 2 bedroom ground
floor flat situated off Ilford High Rd, the property benefits from a reception,
kitchen, bathroom, garden, also comes with a NO ONWARD CHAIN, not far from Ilford Exchange Shopping Centre

2 Bedroom Complex, Luton £650.00

Thu, 08 Jan 2009 12:00:00 GMT

ZETA HOMES are proud to present the
Newly refurbished Development in Luton town centre,
York House There are 14, 1 & 2 Bedroom High Spec flats for sale with DEPOSIT PAID INCENTIVE Perfect
for Professionals as in the Town Centre!

3 Bedroom Terrace, Dagenham £850.00

Sat, 10 Jan 2009 12:00:00 GMT

Digby Gardens, Dagenham, RM10 9JL
To Let £850 PCM Unfurnished, Digby Gardens situated just minutes from Dagenham Heathway station. You are close to all local amenities including bus and train links. Need to see.

2 Bedroom End Terrace, Dagenham £900.00

Sat, 10 Jan 2009 12:00:00 GMT

Zeta Homes is offering a 2 bedroom House for sale in Dagenham for £189,000.00. Close to all local amenitiesand easy access to the city and Docklands.

2 Bedroom Terrace, Stratford £900.00

Sat, 10 Jan 2009 12:00:00 GMT

Zeta Homes offers this immaculate 2 bedroom house in startford to Let. 5mins walk to startford station and close to al local amenities. Property of the month January 2009.

3 Bedroom Apartment, Tilbury £800.00

Wed, 14 Jan 2009 12:00:00 GMT

Zeta Homes is offering this 3 bedroom in immaculate condition to let. 3mins to Tilbury c2c station, 3mins walk to tesco and spar superstores. Located in the central town of Tilbury. Apartment is on the 3rd floor aNd is ideal for a family.

3 Bedroom End Terrace, Dagenham £900.00

Tue, 20 Jan 2009 12:00:00 GMT

Zeta Homes are glad to market this 3 bedroom property, 5min walk to becontree station on district line and 10mins to Dagenham heathway. Easy access to A13 and the city. Close to ASDA and other local amenities.

2 Bedroom End Terrace, Tilbury £700.00

Fri, 06 Feb 2009 12:00:00 GMT

Zeta Homes has a 2 bedroom flat to let in tilbury, 5 mins from the C2C Train Station. Property is in immaculate conditon. Easy access to A13 for the city of London and Tilbury.

1 Bedroom Flat, Stratford £700.00

Sat, 28 Feb 2009 12:00:00 GMT

Zeta Homes are pleased to offer this 1 bedroom ex-local authority flat in Stratford to Let. The property is located on Biggerstaff road off High Street Stratford. 5mins walk to Stratford Station, easy access to City and close to all amenities.

3 Bedroom End Terrace, Chadwell Heath £900.00

Sat, 28 Feb 2009 12:00:00 GMT

Zeta Homes are pleased to let a 3 bedroom house on Pandall Road off Whaleborne Lane North which is off the A12. Quiet residential area close to schools and clinic, 5mins from King George Hospital and Redbridge college also located near warren Golf course

2 Bedroom Flat, Plaistow £850.00

Sat, 14 Mar 2009 12:00:00 GMT

Zeta Homes is pleased to offer a 2 bedroom flat on chalk road plaistow. Chalk road is located parallel to Prince regent lane off the A13. The property is 10mins bus ride to Plaistow underground and 4mins from prince regent DLR. Close to all local shops

1 Bedroom Flat, Dagenham £195,000.00

Sat, 14 Mar 2009 12:00:00 GMT

Zeta Homes is pleased to offer a 1 bedroom flat for sale on James Avenue in Dagenham. James avenue is off Whale borne lane North which links Green lane and A12. Property close to all local amenities including Morrisons, Bus Garage, train station and shops.

3 Bedroom End Terrace, Grays £900.00

Fri, 27 Mar 2009 12:00:00 GMT

Zeta Homes is pleased to offer this immaculate 3 bedroom house in the posh area of Grays to let. Property is located on Highfield Avenue off blackshot.

2 Bedroom Flat, Plaistow £850.00

Thu, 09 Apr 2009 12:00:00 GMT

Zeta Homes is pleased to offer a 2 Bedroom flat to let on Plaistow Park Road which is off Queens road West in Plaistow. The property is 10mins from Paistow Station and 15mins from Upton Park station. Close to all local amenities.

2 Bedroom Terrace, Canning Town £850.00

Thu, 16 Apr 2009 12:00:00 GMT

Zeta Homes is pleased to offer a 2 bedroom conversion flat to let in Cannning Town. The property is on hayday road which is off Barking road. Close to al local amenities and 5 mins from Canning town station with easy access to Stratford and the city.

2 Bedroom Flat, Dagenham £850.00

Mon, 20 Apr 2009 12:00:00 GMT

Zeta Homes is pleased to offer this 2 bedroom purpose built flat on coopers close in Dagenham to let. Coopers close is off blackborne road behind the Dagenham Heathway underground station. Close to al local amenities and transport links.

2 Bedroom Terrace, Tilbury £700.00

Mon, 27 Apr 2009 12:00:00 GMT

Zeta Homes is pleased to let a 2 bedroom house in Tilbury. The property is on Thackery Avenue which is off Feenan Highway. The property is in a densely quiet populated area of the town. There is easy access to London Fenchurch Street via C2C Rail.

2 Bedroom End Terrace, Dagenham £850.00

Tue, 28 Apr 2009 12:00:00 GMT

Zeta Homes is pleased to offer a 2 bedroom house on waldegrave road off Green Lane in Dageham. The property is located in a densely populated area with easy access to all local amenities like shops, parks e.t.c. the property is surrounded by schools.

2 Bedroom Conversion, Newbury Park £900.00

Thu, 07 May 2009 12:00:00 GMT

Zeta Homes is pleasd to offer a 2 bedroom Ground Floor flat to let in Newbury Park, Ilford. The property is close to King George Hospital and Newbury park Station - Central line. Close to A12 and all local amenities.

3 Bedroom Terrace, Ilford £800.00

Thu, 14 May 2009 12:00:00 GMT

Zeta Homes is pleased to offer a 3 bedroom house for Sale in Ilford. Roman road is off Ilford lane. It close to all amenities and is 5mind from Barking station and 10mins form Ilford station. close to all shopping malls, schools and local amenities.

3 Bedroom Terrace, Plaistow £900.00

Thu, 14 May 2009 12:00:00 GMT

Zeta Homes is pleased to offer a 3 Bedroom flat for Sale in Plaistow on Chesterton terrace. Chesterton terrace is off balaam St which is linked with Barking road and Green street. The property is 5mins from Plaistow underground station and close to shops.

2 Bedroom End Terrace, Grays £750.00

Sat, 13 Jun 2009 12:00:00 GMT

Zeta Homes is pleased to offer a 2 bedroom house on William st off Bridge road in Grays. Property is located 2mins from the Town centre and has easy access to lakeside shopping centre. Easy access into London via the A13.

2 Bedroom Flat, Purfleet £700.00

Sat, 13 Jun 2009 12:00:00 GMT

Zeta Homes is pleased to offer a 2 bedroom flat to let in purfleet. The property is on the second floor of a 3 storey building. The property is 5min walk from purfleet overhead station nd located in a new build estate.

2 Bedroom Terrace, Ilford £750.00

Sat, 13 Jun 2009 12:00:00 GMT

Zeta Homes is pleased to offer a 2 bedroom flat to let in llford on Aberdour road. Aberdour road is off Green lanes. Close to all local amenities and Ilford shopping centre. Easy access to the city via Goodmayes overhead station.

1 Bedroom Flat, Upney £675.00

Sat, 21 Jul 2012 12:00:00 GMT

Zeta Homes is please to offer a 1 Bedroom Ex-council Ground floor flat for Sale in Upney, Barking. The property is 5mins walk from Upney underground station with easy access to the city and Docklands. The property is close to the A13.

2 Bedroom Flat, Upney £850.00

Sat, 21 Jul 2012 12:00:00 GMT

Zeta Homes is pleased to offer a 2 bedroom flat for sale in Barking on Margaret Bondfield Avenue. The property is 5mins walk from Upney underground station with easy access to the city and Docklands. The property is close to the A13.

1 Bedroom Studio, Woodford Green £110.00

Fri, 23 Nov 2012 12:00:00 GMT

Zeta homes is pleased to let a studio flat above shop on Chigwell Road in Woodford Green, Essex. Property is close to Woodford Central line Underground tube station. Easy access to the city via Central line.

1 Bedroom Terrace, Stratford £725.00

Wed, 12 Dec 2012 12:00:00 GMT

Zeta Homes is pleased to let a 1 bedroom first floor flat on Downsell road in Stratford in London. The property is 10mins walk to Leyton Central line tube Station with easy access to the City and Docklands.

3 Bedroom Terrace, Chatham £675.00

Wed, 12 Dec 2012 12:00:00 GMT

Zeta Homes is pleased to let a 3 Bedroom House in Chatham, Kent. Constituition road runs parrallel to Luton road and Upper Luton road in chatham. Close to Hospital and the nearest station is Chatham Mainline Station.

1 Bedroom Terrace, Plaistow £775.00

Tue, 30 Apr 2013 12:00:00 GMT

Zeta Homes is pleased to let a 1 bedroom flat on Prince Regent Lane in Plaistow, London E13. Prince regent land cuts across Newham way A13 from Plaistow to Custom House. Property is 5mins from Newham University Hospital and 1min from the leisure centre.

2 Bedroom End Terrace, Grays £700.00

Sat, 25 May 2013 12:00:00 GMT

Zeta Homes is pleased to let a Ground Floor 2 bedroom Flat on Conway Gardens in Grays. Conway Gardens is off Argent Street which is popular with new devepolments. The property is 5mins from the Grays C2C Stattion. Grays is 15mins on train into central london. Property is close to local amenities.

3 Bedroom Terrace, Purfleet £875.00

Sat, 25 May 2013 12:00:00 GMT

Zeta Homes is pleased to let a 3 bedroom house on Water lane in Purfleet. Purfleet is a quiet town. Property is 10mins to Purfleet C2C Station with easy access to Central London and Docklands.There is a bus link with easy access to Lakeside shopping Mall and Grays Town Centre. close to all amenities

2 Bedroom Flat, Ilford £299,995.00

Tue, 19 Jul 2016 12:00:00 GMT

Highly sought after 2 bedroom 2 bathroom First floor apartment located only 0.2 miles from Seven Kings station - soon to be serviced by Crossrail making commuting to and from The City quicker and easier than ever before! There are also many essential amenities on the doorstep including:

1 Bedroom Maisonette, Ilford £750.00

Thu, 25 Jul 2019 11:31:05 GMT

Zeta Homes has this beauty one Bedroom Maisonette situated in a unique conversion and moments away from Newbury Park Station. This property is available immediately and has just been refurbished to a high standard. This property will go quick

2 Bedroom Flat, Forest Gate £1,200.00

Thu, 11 Nov 2021 05:19:32 GMT

Zeta Homes Is Pleased To Advertise A 2 Bedroom Basement Flat Located On Romford Road With Close Proximity To Local Amenities, A Stones Throw Away From Forest Gate Station And 10 Minutes From Stratford/Westfield`s, In The Opposite Direction Is Manor Park Library And Links To The A406 North Circular.

Complaints To Tpos Rise Against Sales Agents

Wed, 01 Oct 2014 12:00:00 GMT

The Property Ombudsman (TPO) scheme has reported an increase in the number of complaints in the first six months of this year, compared with the same period last year.

The number of initial complaints about letting agents was slightly down (4,759 compared with 4,878 the year before), while the number of initial complaints against sales agents was up (2,828 against 2,476).

Altogether, including complaints against other categories of members, TPO received 8,474 initial complaints, up from 8,074.

Source: Propetyindustryeye

Most of the complaints were not accepted for further investigation. However, even though initial complaints against letting agents were down, the number that were taken on rose sharply by 40% from 567 in the first half of last year to 796 in the first half of this year.

While this was a record number of complaints accepted from tenants and landlords about letting agents, the number of letting agents subscribing to TPO also rose.

The rise in complaints reported for the first six months of this year was ahead of the requirement that comes into force today for every letting agent in England to register with an approved redress scheme.

The number of complaints accepted against sales agents also rose sharply by 42% from 382 to 544.

There are also more sales agents, and more letting agents, signed up to TPO: a total of 13,125 sales offices, up from 12,125 a year ago, and 11,575 letting agent branches, up from 10,391.

The number of sales agents signed up to TPO includes 204 online agents.

The overall membership of TPO is up 15%.

The figures, published in TPO`s new interim report, reveal that 1,187 complaints were resolved in total about both sales and lettings agents between January 1 and June 30, with 721 complaints (representing 61% of all complaints) made against letting agents – a 37% increase on the same period last year.

The ombudsman upheld 74% of the complaints.

Ombudsman Christopher Hamer said: `Up until now, there has been no legal requirement for any letting agent to register with a redress scheme, which has left thousands of tenants and landlords unable to access our free, fair and independent dispute resolution service.

`That is shown by the fact that around 20% of the initial consumer inquiries we received in this period related to lettings agents that were not signed up to TPO.

`I am pleased to note that the new legislation will change that and we`ve already seen nearly 1,000 firms register this year, making us the largest redress scheme with 11,744 lettings offices under my jurisdiction and following our code of practice, which sets out what service consumers should receive from member firms.

`The sharp increase in the number of lettings agents registering for redress with TPO, combined with TPO`s increased profile and the ever-growing number of households renting, goes some way to explain why we`ve seen such a significant increase in the number of lettings complaints, with more than half of our total inquiries now coming from landlords and tenants that feel they have been treated unfairly.

`The new legislation will make it an offence for any ‘rogue` agent that has not registered to trade and they will face a fine of up to £5,000.`

Key findings in the latest TPO report include:

* Registered agents (p7): more than 4,000 additional agents registered with TPO, with sales and lettings representing the biggest growth areas. A total of 30,128 agents registered with TPO across all jurisdictions – a 15% increase on the same period last year.

* Consumer inquiries (p8): More than 8,474 consumers contacted TPO regarding a property dispute (a 4.6% increase on the same period last year). More than half of all the inquiries received were regarding lettings disputes with 4,759 inquiries logged (56.1% of all inquiries).

* Complaints (p9): Complaints grew by 37% overall with 1,187 cases reviewed, of which 721 were against letting agents (up 37%) and 544 were against sales agents (up 42%). The Ombudsman upheld 74% of all lettings complaints while 61% of all sales complaints were upheld.

Source: propertyindustryeye

Mansion Tax And How Not To Add Value To Your Home

Wed, 01 Oct 2014 12:00:00 GMT

Given the publicity Labour is generating after announcing its Mansion Tax plans for properties over £2m, it is not surprising to hear of a number of owners of properties worth around £1.6m wondering whether to go ahead with their renovation plans.

After all, there is little point in doing up a modest three-bedroom terrace in Chiswick if you simply boost its value by around £400,000 and give yourself an annual tax bill of about £11,000.

So we were very amused to see a tweet from Noel Flint, head of London residential at Knight Frank, that hit the nail on the head.

`Expect we will now have to prepare list of top 10 improvements that WON`T add value to your home,` he wrote.

Source: Propertyindustryeye

Rents Will Go Up By Less Than Inflation, Say Landlords

Mon, 10 Nov 2014 12:00:00 GMT

Landlords are expecting rents to rise by 1.8% over the next year – below the target 2% rate of inflation.

This is despite the fact that most landlords expect to see tenancy demand increase.

The finding comes in an LSL ‘sentiment` survey out this morning, which also says that the number of landlords finding it harder to access mortgage finance has grown this year.

Although more landlords want to grow their portfolios, 42% who have tried to raise mortgage finance have found it more difficult than it was last year.

Altogether 1,114 landlords were polled in September, with the majority not expecting to raise rents over the next 12 months.

Of those who do, more than half cite covering the cost of inflation as their main motivation, with paying for maintenance work the second most significant reason.

Source: Propertyindustryeye

Is Renting Going To Overtake Homeownership?

Fri, 14 Nov 2014 12:00:00 GMT

n the UK, homeownership has long been considered a key life ambition. However, there is a growing body of evidence to suggest that this may no longer be the case, with a combination of economic and cultural factors meaning the private rented sector (PRS) could eventually overtake ownership as the UK`s dominant form of housing.

According to research from Savills, the number of private rented households in England and Wales will grow by 1.2 million between now and the end of 2019. This would take the number of rented homes up to six million - 24 per cent of the national total. In the same period, owner-occupied homes are expected to fall by 200,000 to 14.67 million. As a result, they would account for 59 per cent of total households, down from 62 per cent at present.

While the PRS is set for major expansion, these figures suggest homeownership will remain the dominant force in the housing market for the foreseeable future at least. However, Savills also revealed the growth of renting will be particularly prevalent in the younger generation, which suggests that as these people grow older and raise children, homeownership may no longer be seen as the cultural norm.

By 2019, private renting is expected to account for two-thirds of all households where the primary resident is under the age of 35. This would equate to 2.8 million homes, an increase of more than half a million on the current figure.

Strong growth is also forecast for the 35 to 49-year-old age group, with Savills expecting the number of private rented households in this age group to rise to more than two million, an increase of 30 per cent.

The organisation believes the rise of renting will be most pronounced in London. An extra 250,000 households are expected to be rented in the capital by 2019. This would mean the sector accounts for 36 per cent of the city`s housing. Owner-occupied properties, meanwhile, are forecast to fall by 100,000 to 1.46 million, representing 42 per cent of London`s homes.

Why is the PRS growing `

Why then does the rental sector seem to be growing so rapidly` One of the most widely-recognised factors is the economy. While wage growth remains limited, the cost of living and particularly housing is becoming increasingly expensive. As a result, the number of people who can actually afford to buy their own home is shrinking rapidly.

A study by Ocean Finance found a growing number of Britons between the age of 25 and 34 are increasingly pessimistic about their chances of getting on the housing ladder. Just under 46 per cent of those surveyed said they never expect to own their home. However, many people are also simply choosing to rent rather than buy as a lifestyle choice. Indeed, just under a third (32 per cent) of those surveyed said they are perfectly happy to continue renting.

The conditions contributing to the growth of the private rented sector were recently discussed by Jane Morris, managing director of Property Let By Us. She told Property Reporter: "Private renting is here to stay and we will see continue to see a growth in tenant demand over the next few years.

"The buy-to-let boom is down to population growth, rising house prices, low wages and the recent tightening of mortgage criteria. Although there are plenty of tenants who chose to rent for lifestyle reasons, there are many forced into the market because they can`t afford to buy a property."

Impact on agents

So, what does this all mean for letting and estate agents? For the former it is naturally a good thing, as the growth of the rental sector means a higher number of customers. However, the expansion of the market will also bring increased government scrutiny and the likelihood of new regulations. From an estate agency perspective, the greater number of renters suggests diversifying to offer both lettings and estate services would be a wise course of action.

@ Source By Gary Whittaker Rentman

Tenants `Unconvinced By Political Parties` Housing Plan`

Fri, 14 Nov 2014 12:00:00 GMT

Tenants in the private rented sector (PRS) are unconvinced by the major political parties` plans for the UK housing market.

This is according to a survey carried out by the National Landlords Association (NLA), which found 62 per cent of renters are unsure that whoever wins the election will be able to solve the country`s housing crisis.

Despite being heavily criticised by figures within the PRS, it seems tenants have most faith in Labour, with 13 per cent saying the party has the right approach to housing.

Some eight per cent of respondents see UKIP as the best placed to solve the crisis and seven per cent pointed to the Conservatives. Three per cent of tenants highlighted the Green Party as having the right approach, while only two per cent said they think the Liberal Democrats are the best option.

Carolyn Uphill, chair at the NLA, stated: "These findings suggest that as a vote-winning strategy, pitching to renters is falling flat on its face. Tenants are at best undecided, or worse, have no faith in the ability of any of the parties to improve private housing across the UK."

Richard Price, executive director of the UK Association of Letting Agents, added: "These findings should serve as a wake up call for all the political parties."

Despite Labour being favoured by the greater number of tenants, the NLA was particularly critical of the party.

Ms Uphill suggested the party is engaging in "one-sided electioneering", while Mr Price claimed the results of the survey show its plans have failed to resonate with both the rental industry and tenants.

The latter once again hit out at Labour`s plans to ban letting agents fees, saying this would likely result in landlords having to push up rents. He claimed the real issue is to ensure agency charges are fair and transparent, with tenants aware of what and when they have to pay from the outset.

@ Source By Gary Whittaker Rentman

Large Spike In Buy-To-Let Lending

Fri, 14 Nov 2014 12:00:00 GMT

September saw a significant increase in buy-to-let lending, new research has revealed.

The latest figures from the Council of Mortgage Lenders (CML) show there were 18,100 buy-to-let loans in the month, accounting for a total of £2.5 billion. This represents volume growth of 24 per cent on September last year and a 32 per cent increase in value.

Buy-to-let lending had dipped to a low of 15,700 in August, but has now returned to a level that is very similar to July.

For the third quarter as a whole, lending in this area was up 12 per cent on the second quarter and 18 per cent on the same period 12 months earlier. In terms of value, growth of 16 per cent and 28 per cent was recorded respectively.

In total, there were 51,520 buy-to-let loans in the third quarter, some 26,370 of these were for home purchase and 25,150 for remortgage.

Paul Smee, CML director general, stated: "We are approaching the end of twelve months of change, transition and growth. This has been a year when lenders and intermediaries have been put under increased spotlight from regulatory, political and media spheres and have risen to meet the challenges."

"The lending market is healthier than it was a year ago, and set to remain so," he added.

Regarding first-time buyer lending, the CML revealed the typical loan size for this group rose from £125,375 in August to £125,999 in September. This means first-time buyers were typically borrowing 3.4 times their gross income, slightly down from the 3.42 recorded in August.

For the third quarter as a whole, average first-time buyer lending was £125,875, which is up from £122,000 in the preceding three-month period. The average income of this group was £38,420, compared to £36,750 in the second quarter.

@ Source Gary Whittaker Rentman

Homeownership `To Continue To Fall`

Fri, 14 Nov 2014 12:00:00 GMT

Homeownership levels in the UK are likely to fall in the near future, according to new research.

A poll carried out by Ocean Finance has revealed people aged between 25 and 34 are increasingly pessimistic about their prospects of buying a property. Close to half (46 per cent) of the people in this age group said they do not expect to ever become a homeowner.

In total, only 28 per cent of the individuals surveyed revealed they think they will buy their own home in the future. Interestingly, 32 per cent of respondents said they are happy to continue renting and have no interest in homeownership.

However, the survey did find a higher level of optimism among people under 25. More than half (54 per cent) of this age group said they would like to buy their own home and believe they will be able to do so at some point.

Older individuals are much less confident about their prospects, with only four per cent of over-55s who do not have their own property expecting to be able to buy.

Ocean Finance spokesman Ian Williams stated: "Homeownership is already at a 25-year low and our survey suggests that this figure is likely to continue to fall. While four in ten people still say they`d like to own a property one day, they already seem resigned to not being able to do so."

The organisation pointed to rising house prices, particularly in London and the south-east, as one of the prime factors in reducing homeownership levels. It said the average 25 per cent deposit on a property is now £68,000, which is more than twice the typical person`s income.

Ocean Finance also claimed it has become harder for house hunters to access mortgages and the higher cost of living makes it difficult to save.

@ Source Gary Whittaker Rentman

Arla Speaks Out On Letting Agent Fees Again

Fri, 14 Nov 2014 12:00:00 GMT

ARLA has once again spoken out on the subject of letting agent fees.

Earlier this month, the organisation called for better regulation in order to stop a rogue minority of agents exploiting tenants through the fees they charge.

However, the organisation also stressed the importance of agencies taking payment for certain services. It said its own members charge no more than £250 in tenant fees, a figure it believes to be reasonable.

ARLA has now discussed the issue again after Labour MPs called for tenant fees to be banned altogether.

The organisation`s managing director David Cox stated: "Tenant fees cover the cost of essential items during the lettings agreement process such as reference checks, the drafting of the tenancy agreement, and the management of tenancy extension or renewal.

`All of these items cost the agent money to carry out, and provided the agent has a fair pricing structure, the agent will not make a noticeable profit on charging for these items."

Mr Cox said ARLA is in favour of better regulation to protect tenants, but stressed that agents signed up with the organisation do not charge excessive fees.

The subject of letting agent fees was discussed in the House of Lords last week by Baroness Neville-Rolfe.

She revealed the government has no problem with agencies charging renters for certain services, but said practices such as only showing properties to people willing to pay a fee need to be outlawed.

Baroness Neville-Rolfe claimed an outright ban on fees is not the solution to tackling a rogue minority and there is no evidence to suggest it would make renting cheaper. She said it is likely agents would either absorb the charges or pass them on to landlords, who in turn would pass them on to tenants in the form of higher rent.

To support this, she pointed to Office for National Statistics figures that show average rent in Scotland, where tenant fees have already been banned, has increased at a faster rate than in England, working out at an extra £26 per month.

@ Source Gary Whittaker Rentman

Severe Arrears Drop 9%

Fri, 14 Nov 2014 12:00:00 GMT

The number of tenants in severe rental arrears has dropped considerably over the past 12 months.

New figures from LSL Property Services show the number of people who are significantly behind on their rent dropped nine per cent year on year in the third quarter.

Overall, there are 65,000 tenants who are in arrears of two months or more, which is down from 71,700 in the same period last year. This equates to 1.4 per cent of all renters, compared to 1.6 per cent 12 months ago.

David Newnes, director of LSL subsidiaries Your Move and Reeds Rains, stated: "Gradual rent rises, on a par with inflation, have helped. But now a bigger turnaround appears to have happened.

"For many years more momentary cases of rent arrears have been in decline, yet it`s only recently that the most serious cases - where families could actually lose their homes - are following suit."

LSL`s latest Buy-to-Let Index showed arrears accounted for 7.2 per cent of all rent in September, which is down from 8.5 per cent during the same month in 2013.

Mr Newnes said the private rented sector has helped to meet the growing level of demand for affordable housing in what has been the "greatest economic depression in modern times".

He also claimed the rental market has provided a "lifeline" for people with limited incomes and is now the chosen form of accommodation for many, who favour the flexibility and mobility renting offers.

According to the latest research from Paragon Mortgages, close to two-thirds (61 per cent) of landlords forecast tenant arrears to stay at a stable level over the course of the next 12 months.

Only 12 per cent expect the amount of late rent owed to rise, while eight per cent think it will fall.

@Source Gary Whittaker Rentman

Deposits Grow 11% In 12months

Fri, 14 Nov 2014 12:00:00 GMT