Reside Review: August 2021


Reside General Manager Toby Martin brings you news of the rental market in August 2021. As inevitable as an England batting collapse, August was yet again another busy month for the rental market. Recent trends of property supply being outweighed by tenant demand reached new heights, as competition for properties contributed to us letting more than 50%

Reside General Manager Toby Martin rounds up rental market activity in June 2021. Market Update The rent trend of high tenant demand versus low property supply continued during June 2021. Competition for properties reached such heights that our average letting time between listing a property on the market and having an offer accepted by the

Reside’s Toby Martin explains why video tours have risen to prominence over the last 18 months. When England went into its first national lockdown in March 2020, it prompted a significant change to our industry. For years, property agents have relied on glossy promotional photos and in-person viewings to sell or let properties, but our

Reside General Manager Toby Martin explains the impact of the government’s new debt relief initiative. May was Mental Health Awareness Month, a very apt time for the government to launch the Debt Respite Scheme, also known as ‘Breathing Space’. The purpose of the scheme is to provide a temporary period of respite from creditor action

The government has announced that landlord notice periods will be reduced to four months, starting from the 1st of June 2021. Under temporary legislation introduced in August 2020, notice periods were initially increased to three months, and more recently to six months, to provide tenants with greater security in their homes at the height of

 Those who tuned into the Queen’s Speech on the 11th of May can be forgiven for missing the very brief promise to ‘enhance the rights of those who rent’ – seemingly a very general pledge to review standards across the sector. A delve into the detailed briefing notes, however, reveals three details that will

The Sofa to Summit challenge caught my eye as a way to become more active whilst fundraising for a cause that is close to everyone’s hearts right now. The NHS and the RUH have been spectacularly stretched since early 2020, and it will feel good to do something, no matter how small, in recognition of that.

Evictions on hold The government has announced a further extension to two pieces of temporary legislation, both brought in to provide tenants with greater security in their homes during the pandemic. The ban on evictions, which had already been extended, will now run until the 31st of May. Until then, evictions can only be enacted

In this video, Reside’s Toby Martin summarises the main points of interest in the 2021 Budget for landlords and tenants. These key points include the extension to the stamp duty holiday, the upcoming increase in corporation tax which may affect a very select few landlords, and a question mark over the future of capital gains tax.