Renting a house or flat

Information for tenants and landlords.

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Renting

The UK rental market has long played second fiddle to the housebuyers market. Nonetheless around 29% of housing in the UK is occupied by tenants, and 71% owner occupied (elsewhere in Europe the percentage owner occupied varies from a low of 43% in Germany to a high of 85% in Spain). Around 40% of rented accomodation is available through the private sector and 60% is publicly rented.

The traditional role of Local Authorities providing council houses has been replaced in recent years by Housing Associations -you can find a full list at Housing Corp.


Tenancy Deposit Protection launches in Scotland

New legislation to protect tenants in Scotland came into effect on 2nd July, with government-licensed Tenancy Deposit Protection schemes launched to bring Scotland into line with England and Wales. Scotland has one of the highest percentages of rented properties in the UK with over a third (37%) of homes in the sector. 
 
All landlords and letting agents in Scotland who take a deposit from their tenant must submit it to the scheme within 30 working days of the beginning of the tenancy. The law applies to all existing and new deposits.
 
Tenancy deposit protection was first introduced in England and Wales five years ago to raise standards in the private-rented sector and it's hoped its introduction will do the same for Scottish tenants who until now have had no protection or guarantee over their deposit.
 
However, research by my|deposits Scotland shows that six out of ten (63%) tenants in Scotland are not aware of Tenancy Deposit Protection (TDP) legislation.
my|deposits Scotland has been formally approved by the Government to operate a TDP scheme in Scotland having run a similar scheme in England and Wales over the past five years.
 
The scheme has protected £1.4billion worth of deposits on behalf of nearly 90 thousand members in England and Wales and has consistently met all targets set by the Government. It is important that landlords, agents and tenants are provided with clear guidance on what they will be required to do and by when.
 
There are strict penalties of up to three-times the deposit amount for those who do not protect a tenant's deposit under the new law meaning it's important all involved are informed about how the scheme will affect them.
 
Click here to watch Eddie Hooker, CEO of my|deposits Scotland explain what the TDP legislation is, who it will affect, and what tenants, landlords and letting agents are required to do and by when. 
 
 
Visit the Resource Centre at  www.mydepositsscotland.co.uk for more information


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Renting -general information

  • Accommodation London -studio apartments and shared houses for long and short let.
  • ARLA -the Association of Residential Letting Agents, is the only professional self-regulating body to be solely concerned with lettings -lots of information for both tenant and landlord.
  • Artful Lodger -rental property in Sheffield -residential, student and commercial.
  • Channel 4 renting -top tips from the TV company.
  • Direct Gov -the governments information on how to get affordable housing through housing associations
  • Easy London Accomodation -flats, apartments, flatshare, rentals and property advertising for London.
  • Ethical Property Company -a unique initiative in ethical investment -the company develops properties as centres that bring charities, co-operatives, community and campaign groups together under one roof where they can share skills and ideas.
  • Housing Corp -government agency that funds new affordable homes and regulates housing associations in England. Site includes a full list of Registered Social Landlords with contact details.
  • National Housing Federation -umbrella body representing independent non-profit housing associations in the United Kingdom.
  • Northern Ireland Federation of Housing Associations -the trade body serving housing associations based in Northern Ireland.
  • The Peabody Trust -one of London's largest and oldest housing associations. Founded by George Peabody, an American philanthropist, in 1862, the Peabody now owns or manages properties across 30 London boroughs, housing nearly 50,000 people.
  • Scottish Federation of Housing Associations -a trade body that representis housing associations based in Scotland.
  • Shelter -the charity that deals with homelessness issues.
  • Simply Rent -Residential flats and houses to rent in Cheshire, Merseyside and Staffordshire.
  • UK Property Shop -directory of estate agents and letting agents with property for sale or rent.
  • Welsh Federation of Housing Associations -trade body representing housing associations in Wales.

Renting Abroad

Outside the scope of this site really, but here are a couple of places you might go for holiday lets:
  • Cottage Selection -pre inspected cottages for vacation rental in the United Kingdom, France and Ireland.
  • My Villa Rentals -offers privately owned holiday homes that are bookable online.

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Featured books:

The Buy-to-let Bible
Ajay Ahuja
Law Pack Publishing
Paperback
Price in UK pounds

The New London Property Guide: The Only Guide You Need to Buying and Selling,Renting and Letting Homes in London (Mitchell Beazley Reference S.)
Carrie Segrave (Editor)
Mitchell Beazley
Paperback -March 2005
Price in UK pounds


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