Here are my slides from last nights meeting of Kensington Property Investors Network. Hope you find them useful.

1. Lettings Update
9th March 2016
Essie Barnett

2. Rents start the year on the backfoot but up 6% on the year
*All data from LSL property services plc
-2.0%
-1.0%
0.0%
1.0%
2.0%
3.0%
4.0%
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
London; Average rent (one-month change) 2014 London; Average rent (one-month change) 2015 London; Average rent (one-month change) 2016

3. How do Consumer Protection rules affect landlords?
• ARLA have published a ‘Property Information Form’ for residential lettings
• The aim of the form is to help landlords and agents comply with the
Consumer Protection from Unfair Regulations 2008
• The Regulations aim to make sure business tell the truth about goods, services and prices
and prohibit unfair commercial practices.
• The form helps landlords comply with the requirement to disclose information
that would affect the 'average consumer's' decision to rent
• Breach of these Regulations can lead to an unlimited fine and up to two
years in prison
• However, not disclosing information is only an offence if the practice
materially distorts (or is likely to) an average consumers behaviour

4. February news
• Right to Rent news:
• RLA says changes to the Immigration Bill will give new protection for landlords and their
agents who fail to ensure tenants have the Right to Rent.
• Landlords will be protected if they take reasonable steps in an appropriate time frame to
terminate tenancies of those living in the country illegally.
• My deposits launches new free to use custodial scheme
• London Housing Commission recommends that Ministers should give
boroughs the power to create their own landlord licensing schemes
• Budget to take place next Wednesday – look out for PRS news!

5. Contact us
Find our page Lionyardlettings
Connect on Linkedin: essieatlionyard