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
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
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.
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
Get cover for your buildings
and contents when you buy an insurance policy from Endsleigh
Insurance. They can provide great landlords insurance for anyone with tenants
who want to protect their belongings!
- 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
- 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.
-umbrella body representing independent non-profit housing associations
in the United Kingdom.
Ireland Federation of Housing Associations -the trade body serving housing associations
based in Northern Ireland.
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.
Federation of Housing Associations -a trade body that representis housing associations
based in Scotland.
-the charity that deals with homelessness issues.
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
- Outside the scope of this
site really, but here are a couple of places you might go for
- 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.
site with Google:
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- The Buy-to-let Bible
Law Pack Publishing
- 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)
Paperback -March 2005
- Price in UK pounds
- click here for more books
on buying and selling property