Foxtons news

Landlords

Legislation

eicr-renewal

<h2 class='intro_basic'>Remember April 2020? While the world was navigating unprecedented times, a crucial piece of legislation quietly came into effect for landlords: the Electrical Safety Standards in the Private Rented Sector Regulations. Fast forward five years, and for many, that initial Electrical Installation Condition Report (EICR) is likely nearing its expiration date.</h2>


<p>Your EICR is the electrical health check for your property. It's a vital document confirming that your wiring, sockets, and other electrical installations are safe for your tenants. Neglecting this renewal isn't just a breach of the law – it could put your tenants at risk and leave you vulnerable to hefty fines and potential legal repercussions.

<p>"A valid EICR isn't merely a legal box-ticking exercise—it's essential protection for your property and tenants," emphasises Fran Giltinan, Managing Director of Property Management & Customer Experience at Foxtons. "For self-managing landlords especially, we recommend booking inspections promptly as technicians' schedules might fill quickly. Plan ahead to ensure your properties remain compliant without the last-minute scramble.”

<p>Read the full quote in our latest <a href='https://cms-assets.foxtons.co.uk/2025_04_Lettings_Market_Report_March_2025_LL_21961ec305.pdf' target='_blank'>Lettings Market Report</a>.


<figure>
<a href='https://www.foxtons.co.uk/landlord/property-management' target='_blank'><img src='https://page-assets.foxtons.co.uk/news-images/2025/04/electrical-appliances-in-kitchen/720.jpg' alt='Kitchen electrics'></a>
<figcaption>Photo by Foxtons Specialist Video & Photography team</figcaption>
</figure>


 
<p>The good news? Staying on top of your EICR doesn't have to be a headache. At <a href='https://www.foxtons.co.uk/landlord/property-management' target='_blank'>Foxtons Property Management</a>, we understand the pressures landlords face. And if you choose us to manage your property, you’ll never have that sudden panic of realising a crucial document is about to expire. 

<p>From keeping track of essential certifications like your EICR to ensuring all your properties meet the latest compliance standards, our team of <b>continually trained and ARLA-qualified experts</b> will provide you with peace of mind and fully compliant properties. We meticulously look after your documents, ensuring everything is up to date and in line with the latest regulations, so you don't need to worry about the details.

<p><b>With Foxtons Property Management, we get it done so you don't have to.</b>

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   <p><p><b>Source:</b> This article has been reviewed and edited by Foxtons Property Management to ensure you have the exact right information on compliance to hand. If you have questions or want to know more about your obligations as a landlord, contact <a href='https://www.foxtons.co.uk/landlord/enquiry/property-management' target='_blank'>Foxtons Property Management</a>. 
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Property market updates

rental-market-april-2025

<h2 class='intro_basic'>Two years ago, you'd easily have your next renter secured in hours. If you want that sort of speed in today's market, you're going to need a strong strategy.<br><br>The March edition of our <a href='https://www.foxtons.co.uk/reports' target='_blank'>Lettings Market Report</a> shows why tenants have more options to consider before signing leases. By understanding what renters are looking for and making the right adjustments to your strategy, you can attract premium renters in this evolving landscape – let us show you how.</h2>


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   <p style="margin-left: 25px; margin-right: 25px;"><i>"For landlords navigating this competitive spring market, these figures present both
opportunity and challenge. You’ll need to act fast to secure premium tenants amid the
growing competition. Now is the optimal time to ensure your listings stand out through
professional photography, competitive pricing and expert salesmanship."</i>

<p style="text-align: right">Gareth Atkins<br><small><b>Managing Director - Lettings</small></b></p>

<center><p style="background-color: #cce3e0;"><a href='https://cms-assets.foxtons.co.uk/2025_04_Lettings_Market_Report_March_2025_LL_21961ec305.pdf' target='_blank'>See the full story in the <b>Lettings Market Report - March 2025</b></a></big></center>
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<h3>&#x1f4c8; Key numbers from the report</h3>
<p style="margin-left: 25px">• <b>Demand:</b> March saw an 11% month-on-month rise in applicant registrations. Year on year,
demand was stable, tracking just 2% below March 2024 levels.
<p style="margin-left: 25px">• <b>Supply:</b> March saw a 14% increase in new rental listings across London compared to February, marking the strongest month-on-month uplift so far in 2025.
<p style="margin-left: 25px">• <b>Rent achieved:</b> The average rent achieved in March stood at £565 per week, reflecting a 2% increase year on year.

<h3>&#x1f3ac; Watch: What increased supply means for your property</h3>
<p>Sarah Tonkinson, Managing Director - Institutional PRS and Build to Rent shares expert insight on what the increase in listings means for your property and strategy: 

<center><div style="padding:100.78% 0 0 0;position:relative;"><iframe src="https://player.vimeo.com/video/1077665368?h=170cb3bc60&amp;title=0&amp;byline=0&amp;portrait=0&amp;badge=0&amp;autopause=0&amp;player_id=0&amp;app_id=58479" frameborder="0" allow="autoplay; fullscreen; picture-in-picture; clipboard-write" style="position:absolute;top:0;left:0;width:100%;height:100%;" title="Foxtons Lettings Market Report March 2025"></iframe></div><script src=https://player.vimeo.com/api/player.js></script></center>





<h3>Don't forget your EICR</h3>
<p style="margin-left: 45px; margin-right: 45px;"><i>"April 2025 marks five years since the Electrical Safety Standards regulations took effect, requiring rental properties to be inspected by qualified technicians. This document is typically valid for 5 years, which means many original EICRs are now due for renewal..."</i> </p>
<p style="text-align: right; margin-left: 45px; margin-right: 45px;">Fran Giltinan<br><small><b>Managing Director of Property Management</small></b></p>

<center><p style="background-color: #cce3e0;margin-left: 45px; margin-right: 45px;"><a href='https://cms-assets.foxtons.co.uk/2025_04_Lettings_Market_Report_March_2025_LL_21961ec305.pdf' target='_blank'>See the full story in the <b>Lettings Market Report - March 2025</b></a></big></center>
</div> 
<p>Fran shared an important reminder in this month's Lettings Market Report. For many landlords, it's time to renew your EICR to ensure your property is compliant and safe. 
<p>If you do not use Foxtons Property Management (who will organise this process for you) you need to know when your EICR is due for renewal and ensure you have a qualified engineer carrying out the checks. <b>Don't forget your EICR!</b>
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<a href="https://www.foxtons.co.uk/valuations" class="cta-button cta-button-primary"> Get a rental valuation
</a>
<a href="https://www.foxtons.co.uk/landlord/property-management" class="cta-button cta-button-secondary">Explore Foxtons Property Management</a>

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<br><br>
<h5>More insight on the lettings market:</h5> 

<p style="margin-left: 25px">• <a href='https://www.foxtons.co.uk/discover/2020/05/landlord-regulation-update-eicr' target='_blank'>Landlord regulation update: EICR</a>

<p style="margin-left: 25px">• <a href='https://www.foxtons.co.uk/discover/2025/03/landlords-and-data-protection-to-register-or-not-to-register'>Landlords and data protection: to register or not to register</a>

<p style="margin-left: 25px">• <a href='https://www.foxtons.co.uk/discover/2024/03/how-to-grow-your-portfolio-so-it-flourishes-in-the-lettings-rush'>How to grow your portfolio so it flourishes in the lettings rush</a>

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  <p>ST: Right now, we are seeing renters view many more developments before making their decision. They’re comparing everything—from affordability to community and convenience—so your offering must be crystal clear. We’re seeing buildings with fewer amenities leasing quickly because operators can offer lower rents. And lower rents plus the BTR experience is a massive draw.
<p>Meanwhile, competition to reach renters is intensifying. March saw listings jump 14% from February—and yes, that's significantly higher than last year. But the real story is in the trend. Throughout Q1 this year, new listings have consistently outpaced 2022 and 2023. This is an entirely different market dynamic. So the strategies that worked 2-3 years ago won't cut it now.
<P>First and foremost, you’ll need to know how you stack up against your competitors. Particularly with London's cost pressures, affordability has become the make-or-break factor for most renters. A precise, competitive pricing strategy is essential. Your agent should be providing detailed market data to support your strategy.


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 <small>  <p><p><b>Source:</b> 
<p style="margin-left: 25px">•	<b>Market data</b>: Foxtons Business Analytics produces our monthly Lettings Market Report, leveraging cutting-edge technology and our exclusive database, one of the largest for London's property market, to provide unparalleled insights for our landlords each month.
<p style="margin-left: 25px">•	<b>Expert insight</b>: To provide you with the most value, this article features our leading lettings experts. Our team's hands-on experience comes from many years in the industry with London's leading lettings agency, so you can rely on our practical, market-tested insight. 
<p>This blend of data-driven analysis and expert commentary offers a comprehensive view of the market, helping landlords navigate any market conditions with confidence. For any questions on the report or insight, <a href="mailto:experts@foxtons.co.uk">ask a Foxtons expert</a>.</small>
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Selling

property-adverts

<h2 class='intro_basic'>April will bring some new rules around property listings. There isn't anything major changing, but your property advert might need to contain a little more information going forwards. In the article below, Foxtons Director of Legal & Compliance, Manjit Kataora will walk you through it. </h2>


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  <h5><big>Key Takeaways</big></h5>
  <p class="takeaways-subtitle">Click a number to jump to that topic in the article.</p>
  
  <ul class="takeaways-list">
    <li class="takeaway-item">
      <a href="#section1" class="jump-link"><span class="takeaway-item-number">1</span></a>
      <span class="takeaway-item-highlight">New law, similar rules.</span>
      <span class="takeaway-item-content"> The Consumer Protection regulations are changing in April, but the basic requirements for a property listing remain largely the same.</span>
    </li>
    
    <li class="takeaway-item">
      <a href="#section2" class="jump-link"><span class="takeaway-item-number">2</span></a>
      <span class="takeaway-item-highlight">Complete transparency matters.</span>
      <span class="takeaway-item-content"> Listings must include all material information that could affect a buyer's decision, with even innocent omissions potentially breaching regulations.</span>
    </li>
    
    <li class="takeaway-item">
      <a href="#section3" class="jump-link"><span class="takeaway-item-number">3</span></a>
      <span class="takeaway-item-highlight">Legal details now upfront.</span>
      <span class="takeaway-item-content"> Information traditionally handled during conveyancing (like restrictive covenants) must now be included in the initial listing.</span>
    </li>
    
    <li class="takeaway-item">
      <a href="#section4" class="jump-link"><span class="takeaway-item-number">4</span></a>
      <span class="takeaway-item-highlight">Smoother transactions.</span>
      <span class="takeaway-item-content"> These changes are designed to make buying and selling more transparent, though solicitors will still conduct their own due diligence.</span>
    </li>
    
    <li class="takeaway-item">
      <a href="#section5" class="jump-link"><span class="takeaway-item-number">5</span></a>
      <span class="takeaway-item-highlight">We handle the complexity.</span>
      <span class="takeaway-item-content">Our agency will manage the technical legal requirements on your behalf, ensuring your listing complies.</span>
    </li>
  </ul>
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<a id="section1"></a>
<p>The law in relation to material information and misdescription is currently contained in the Consumer Protection from Unfair Trading Regulations 2008 (CPRs). However, in April this year, these are set to be revoked and replaced with Part 4 of the Digital Markets, Competition and Consumers Act 2024.

<a id="section2"></a>
<p>The CPRs have long regulated property listings and descriptions. They include omissions and misstatements that adversely affect the ‘transactional decision’ of the average consumer. A breach of the CPRs is what is known as a ‘strict liability’ offence. This is a special type of liability whereby an offence is committed regardless of whether the agent intended to commit one or not. What this means is that innocent mistakes are punishable in the same way as intentional or reckless ones.

<p>There is not a huge amount of difference between the new requirements and the existing CPRs. Fundamentally, the law will still prohibit what it terms ‘unfair commercial practices’. However, read literally at least, the new act carries a broader definition of this term in so far as this will now include omitting material information from an invitation to purchase.

<a id="section3"></a>
<p>This doesn’t seem that significant until one considers that the meaning of invitation to purchase generally means an advert selling (and describing) something. A property listing, for example, is an invitation to purchase. This new element then means that anything that contravenes the requirements of due diligence or leaves out material information from the advert could be upheld as an unfair commercial practice. Put simply, things still have to be described very accurately and fully.

<p>In November 2023, National Trading Standards published updated guidance on material information requirements for sales and lettings. The requirements contain in-depth and technical information about elements of a property that, in fact, few owners or leaseholders could necessarily be expected to know. For example, details about restrictive covenants or easements over the property. 

<p>Traditionally, these have been matters of title that are explored and clarified during the conveyancing stage of a property transaction by the purchaser’s solicitor. They are not matters that can readily be understood by the average lay vendor. This makes them difficult to accurately describe and insert into a property advertisement by agents who are not legally qualified, which creates a greater risk of misdescription.

<p>At the heart of all this is the theory that providing more detailed information within the property listing will make the process of buying and selling an easier and more transparent process for both sides. In one sense that is true: information a buyer can see early on is clearly a good idea.

<p>On the flip side, however, is that the information is legalistic (therefore difficult to understand) and descriptive. A buyer’s solicitor is unlikely to advise their client to rely on such information (generated as is by the vendor) and will instead likely commission their own searches on which they can more comfortably advise their client as to whether to proceed or not with the transaction.

<p>The proptech market has been quick to move into this area. Several companies now exist who can – impressively – collect this information for agents and load it into listings. Even so, not all the information can be collected because some things are known only to a vendor (or landlord).

<a id="section4"></a>
<p>And if the purpose of the whole process is to speed things up, can it really be said this will be achieved if naturally circumspect purchasers, owed no duty of care by the vendors or their agents, are best advised to run their usual searches (at cost) anyway?

<p>At best, there’s likely to be a duplication of information. Buyers will likely still engage their own solicitors to advise them about the property and be naturally reticent to rely on information provided by a vendor or the vendor’s agent.

<p>The guidance is just that: guidance. And the new law arguably doesn’t change that much when you consider that the CPRs apply to property listings. So the changes may mean relatively little right now, but it remains to be seen how they will be interpreted by the courts, who are the ultimate arbiters in cases of dispute.

<a id="section5"></a>
<hr>
<h3>Your listing, sorted.</h3>
<p>When it comes time to set up a new property advert, our experienced Lettings team will ensure you've got everything correct and compliant from the start. Get started with a rental valuation. Or, if you want help with an existing tenancy, look into Foxtons Property Management.
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   <p><p><b>Source:</b>  This piece was authored by Foxtons Director – Legal & Compliance, Manjit Kataora, who has been working with Foxtons on the intricacies of legislation affecting London landlords for more than 16 years. If you have a question on letting your property in London, <a href='mailto:experts@foxtons.co.uk?subject=Property%20Listing%20Descriptions%20Article' target='_blank'>ask a Foxtons expert</a></div>


march-2025-rental-market

<h2 class='intro_basic'>It's a whole new rental landscape, demanding a fresh approach as tenant behaviours and lettings regulations change. Our latest <a href='https://www.foxtons.co.uk/reports/lettings-report/lettings-market-report-february-2025' target='_blank'>Lettings Market Report</a>, analysing February's figures and looking forwards to the spring season, may help you maintain your competitive edge in London's increasingly complex lettings market.</h2>

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   <p style="margin-left: 25px; margin-right: 25px;"><i>"The Renters' Rights Bill will introduce the Decent Homes Standard to private rentals. We’re waiting on details, but it will likely mirror social housing requirements for ‘reasonably modern facilities’ and ‘thermal comfort.’ Combined with the new landlord ombudsman, this will impact the time you spend on property management...”</i>

<p style="text-align: right">Fran Giltinan<br><small><b>Managing Director - Property Management & Customer Experience</small></b></p>

<center><p style="background-color: #cce3e0;"><a href='https://www.foxtons.co.uk/reports/lettings-report/lettings-market-report-february-2025' target='_blank'>Read the full quote in the <b>Lettings Market Report - February 2025</b></a></big></center>
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<h3>&#x1f4c8; Key numbers from the report</h3>
<p style="margin-left: 25px">• Applicant demand has remained within 3% of February 2024 levels.
<p style="margin-left: 25px">• Market activity remains strong, with new listings just 2% below last year’s high levels.
<p style="margin-left: 25px">• The average rent now stands at £557 per week, slightly higher than in 2024.

<h3>&#x1f3ac; Watch: Insight on the current London market</h3>
<p>Our Managing Director of Lettings, Gareth Atkins, breaks down what's happening in London's rental market right now and what properties are winning with today's choosier tenants:
<center><div style="padding:100.78% 0 0 0;position:relative;"><iframe src="https://player.vimeo.com/video/1064696459?h=6a319f5309&amp;badge=0&amp;autopause=0&amp;player_id=0&amp;app_id=58479" frameborder="0" allow="autoplay; fullscreen; picture-in-picture; clipboard-write" style="position:absolute;top:0;left:0;width:100%;height:100%;" title="Lettings Market Report - Expert Market Insight - March 2025"></iframe></div><script src=https://player.vimeo.com/api/player.js></script></center>

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<a href="https://www.foxtons.co.uk/valuations" class="cta-button cta-button-primary"> Get a rental valuation
</a>
<a href="https://www.foxtons.co.uk/landlord/property-management" class="cta-button cta-button-secondary">Explore Foxtons Property Management</a>

</center>

<center><p style="background-color: #cce3e0;"><a href='https://www.foxtons.co.uk/reports/lettings-report/lettings-market-report-february-2025' target='_blank'>Read our latest <b>Lettings Market Report - February 2025</b></a></big></center>
</div> 

<br><br>
<h5>More articles for London landlords:</h5> 

<p style="margin-left: 25px">• <a href='https://www.foxtons.co.uk/discover/2024/03/how-to-grow-your-portfolio-so-it-flourishes-in-the-lettings-rush' target='_blank'>How to grow your portfolio so it flourishes in the lettings rush</a>
<p style="margin-left: 25px">• <a href='https://www.foxtons.co.uk/discover/2025/02/sanction-changes-coming-to-the-lettings-market-in-may' target='_blank'>Sanction changes coming to the Lettings Market in May</a>

<p style="margin-left: 25px">• <a href='https://www.foxtons.co.uk/discover/2025/01/new-year-new-hires-the-best-time-for-landlords-to-embrace-corporate-housing' target='_blank'>Top tips for letting your property to corporate tenants</a>

<p style="margin-left: 25px">• <a href='https://www.foxtons.co.uk/discover/2024/05/landlord-responsibilities-what-repairs-are-landlords-responsible-for' target='_blank'>What repairs are landlords responsible for</a>



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<button class="accordion">Video Transcript</button>
<div class="panel">
  <p>GA: "Whilst demand and supply closely resemble last year’s figures, as we predicted, today's landscape stands worlds apart from 2023's frenzied market. Gone are the days when tenants made snap decisions to beat out the competition. The 2025 tenant is discerning, exploring multiple options and neighbourhoods before committing. Especially when the Renters' Rights legislation comes into effect, well-priced, high-quality properties will win the day. Savvy landlords are already adapting their strategies – refreshing properties, reviewing pricing models and calling in experienced agents to stay competitive in this evolved marketplace."
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 <small>  <p><p><b>Source:</b> 
<p style="margin-left: 25px">•	<b>Market data</b>: Foxtons Business Analytics produces our monthly Lettings Market Report, leveraging cutting-edge technology and our exclusive database, one of the largest for London's property market, to provide unparalleled insights for our landlords each month.
<p style="margin-left: 25px">•	<b>Expert insight</b>: To provide you with the most value, this article features our leading lettings experts. Our team's hands-on experience comes from many years in the industry with London's leading lettings agency, so you can rely on our practical, market-tested insight. 
<p>This blend of data-driven analysis and expert commentary offers a comprehensive view of the market, helping landlords navigate any market conditions with confidence. For any questions on the report or insight, <a href='mailto:experts@foxtons.co.uk?subject=March%20Lettings%20Market%20Report%20Article' target='_blank'>ask a Foxtons expert</a>.</small>
 </div>

Landlord Essentials

data-protection

<h2 class='intro_basic'>Do you, as a landlord, need to register with the Information Commissioner's Office to deal with your tenant's data? Well, it depends on who's actually managing the data. In the article below, Foxtons Director of Legal & Compliance, Manjit Kataora, will explain what you need to know about data protection. </h2>


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  <h5><big>Key Takeaways</big></h5>
  <p class="takeaways-subtitle">Click a number to jump to that topic in the article.</p>
  
  <ul class="takeaways-list">
    <li class="takeaway-item">
      <a href="#section1" class="jump-link"><span class="takeaway-item-number">1</span></a>
      <span class="takeaway-item-highlight">Handling personal data legally.</span>
      <span class="takeaway-item-content"> To process large amounts of personal information, agents must register with the Information Commissioner's Office (ICO).</span>
    </li>
    
    <li class="takeaway-item">
      <a href="#section2" class="jump-link"><span class="takeaway-item-number">2</span></a>
      <span class="takeaway-item-highlight">Unregistered agent? Could be a red flag.</span>
      <span class="takeaway-item-content">It's worthwhile to confirm your agent is ICO-registered and dealing with your personal information appropriately.</span>
    </li>
    
    <li class="takeaway-item">
      <a href="#section3" class="jump-link"><span class="takeaway-item-number">3</span></a>
      <span class="takeaway-item-highlight">If you use a managing agent...</span>
      <span class="takeaway-item-content"> If you simply receive rental statements from us without handling tenant data directly, you likely fall under the 'accounts and records exemption,' so might not need to register.</span>
    </li>

    
    <li class="takeaway-item">
      <a href="#section4" class="jump-link"><span class="takeaway-item-number">4</span></a>
      <span class="takeaway-item-highlight">Self-managing? You may need to register.</span>
      <span class="takeaway-item-content"> Landlords who manage properties themselves or maintain their own tenant filing systems will likely need to register as data controllers and comply with data protection regulations.</span>
    </li>

    <li class="takeaway-item">
      <a href="#section4" class="jump-link"><span class="takeaway-item-number">5</span></a>
      <span class="takeaway-item-highlight">It could be that simple.</span>
      <span class="takeaway-item-content"> Our systems are already set up for data protection compliance, saving you time, money, and potential legal complications.</span>
    </li>
  </ul>
</div>

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<a id="section1"></a>

<P>Data Protection legislation is nothing new. But it came into fresh focus when, on 25 May 2018, the General Data Protection Regulation came into force. 

<P>In terms of estate and letting agency work, agents will process large amounts of personal data (broadly speaking defined as information that allows you to identify a living individual) belonging to their customers and employees. This means they must be registered as data controllers with the UK regulator the Information Commissioner’s Office (ICO) and must also comply with all that is required under data protection law. Obligations include holding information securely and accurately, and being able to comply with customer data protection requests. Anyone can check whether any organisation that holds their personal data (known as a ‘data controller’) is registered by checking the relevant register on the <a href='https://ico.org.uk/esdwebpages/search' target='_blank'>ICO’s website</a>. 

<a id="section2"></a>
<P>No estate or letting agent should process personal data without first being registered.  Those who do will be in breach of data protection legislation and this should serve as a red flag to any potential customer. After all, if an agent cannot be bothered to understand even their basic data protection obligations, there is a fair risk they are probably non-compliant elsewhere as well. 

<a id="section3"></a>
<P>As for landlords themselves, it is not necessarily the case that they will need to register as data controllers with the ICO. Those who retain a managing agent and do not handle any tenant personal data but merely receive a monthly rental statement from their agent would according to the ICO’s guidance fall under the accounts and records exemption and so need not register. 

<a id="section4"></a>
<P>But landlords who either do not have a managing agent or do have one but choose to create their own ‘structured filing system’ (as the term is known in data protection circles) containing tenant records and background information will more than likely find themselves processing personal data about their tenants and will therefore need to  register with the ICO and comply with all the various (and numerous) obligations and responsibilities that flow from such status.

<P>Even those landlords who manage to avoid processing information about their tenants, may find there comes a point at which it becomes necessary to register because they simply cannot avoid collecting details about their tenant. This might happen after the end of the landlord / tenant relationship where, if for example, the tenant vacated but in arrears, and the landlord now needs certain information from their agent in order to trace them, take proceedings against them or enforce a judgment. Where such information is collected by the landlord they would be well-advised to ensure they are registered with the ICO before processing it. This requirement could still be avoided if all the information is passed directly from the agent to the landlord’s solicitor (who will already be registered as a data controller) and does not pass through the landlord’s control but it means the landlord has to consciously avoid processing any of the information at all, which might be easier said than done. 

<P>There is then, quite an incentive to avoid being caught up in the need to register. The work required to be a competent data controller is something that few landlords are actually aware of (or would want to take on if they were) but the cost of time and money in complying means that it can and does make a managing agent – whose systems are set up for compliance in this area - look like good value, particularly when you consider the various rights tenants have other their personal data, not least subject access rights. The My Foxtons portal affords landlords visibility of tenant information using the Foxtons platform without the need to process personal data themselves.  Even so, there might come a point in the relationship where it is just not possible to avoid processing tenant personal data and to that extent, landlords are well advised to consider, as a precaution, registering with the ICO and taking steps to comply with their obligations. 

<P>More <a href='https://ico.org.uk/rst' target='_blank'>information is available from the ICO</a>. 


<hr>
<a id="section3"></a>
<h3>Your data protection, sorted.</h3>
<p>You don't have to become a registered Data Controller - our ICO-registered and experienced Lettings team will ensure all data is handled correctly and complies with data protection laws. Get started with a rental valuation. Or, if you want help with an existing tenancy, look into Foxtons Property Management.
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<a href="https://www.foxtons.co.uk/valuations" class="cta-button cta-button-primary">Book a rental valuation</a>

<a href="https://www.foxtons.co.uk/landlord/property-management" class="cta-button cta-button-secondary">Explore Property Management</a>

</center>

<br><hr><br>
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   <p><p><b>Source:</b>  This piece was authored by Foxtons Director – Legal & Compliance, Manjit Kataora, who has been working with Foxtons on the intricacies of legislation affecting London landlords for more than 16 years. If you have a question on letting your property in London, <a href='mailto:experts@foxtons.co.uk?subject=Data%20Protection%20Article%20Landlord%20Essentials' target='_blank'>ask a Foxtons expert</a></div>


sanctions-lettings

<h2 class='intro_basic'>There's a new rule coming into effect that will strengthen how business dealings work in the lettings market. If you've chosen a well-prepared agency like Foxtons, these changes will actually give you greater peace of mind about the tenancies in your rental properties. Foxtons Director of Legal & Compliance, Manjit Kataora, explains the key points you should understand.</h2>



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<h5>Key takeaways:</h5>
<p><small>Click to jump to a topic.</small>
<p style="margin-left: 25px"><b>1. <a href="#new-rules">New rules are coming May 2025.</a></b> Letting agents must report suspected sanctioned individuals.
<p style="margin-left: 25px"><b>2. <a href="#timing">Agents will screen for "bad actors."</a></b> Agents will check suspected landlords and tenants against government lists at key transaction points, keeping your property dealings in good standing. 
<p style="margin-left: 25px"><b>3. <a href="#screening-systems">Choose a well-prepared agency</a>.</b> Working with agents who have proper screening systems in place ensures you won't inadvertently do business with sanctioned individuals.
</div> 


<p>The sanctions regime came into sharper focus following Russia’s invasion of Ukraine in 2022 but in fact had been around and had applied to estate agents for quite a long time before then.

<p>Part of the UK’s contribution to international efforts to tackle money laundering and international crime, sanctions are measures intended to freeze the assets of individuals, companies and other organisations (‘designated persons’) and restrict their access to investments and financial services.   Designated persons are listed on a government list (called a consolidated list), which is overseen by a division of the Treasury called the Office of International Sanctions (‘OFSI’).  

<a id="new-rules"></a>

<p>From 14 May 2025, letting agents will for the first time become subject to sanctions reporting obligations. These reporting obligations have applied to estate agents and other ‘relevant firms’ for some time and are triggered where the (estate) agent reasonably suspects that someone they are acting for in terms of either a sale or purchase is a match with someone (or an organisation) listed on the consolidated list.   

<p>The changes in May align letting agents to estate agents. The obligation to file reports will apply where the letting agent ‘reasonably suspects’ either a landlord or tenancy applicant of being a ‘designated person’. 

<a id="timing"></a>

<p>As to the timing of the reporting obligation, this is triggered only when either the landlord or tenancy applicant has entered into what is (in anti-money laundering guidance terms) known as a ‘business relationship’ with the agent. That is, for landlords, from the point the landlord ‘instructs’ the letting agent and the letting agent does work in response to those instructions.  Here, the term instructions means formal instructions, and letting agency work means things done in response to those instructions but does not include publishing advertisements, providing a means by which prospective landlords and tenants can make direct contact or communicate with each other. (Thus excludes the newsagent whose shop window might carry adverts for rooms to let, etc.).  

<p>For tenancy applicants, the reporting obligation applies from the point a prospective tenant’s offer is accepted by the landlord. 

<p>What this means is that letting agents could have designated persons on their database for quite some time before a reporting obligation is triggered. This makes sense because the number of individuals who actually transact is (particularly for large agents) far less than the number of contacts on an agent’s database, and so the thresholds prevent the system from being clogged up by what would otherwise be reports where there is no firm economic activity to speak of. Since the whole purpose of the sanctions is to prevent sanctioned persons or entities from engaging (and profiting from) economic activity, these thresholds make sense. 

<a id="screening-systems"></a>
<p>Large agents have resources to scan their databases and ensure they meet these requirements. This means that landlords can be assured that they will not unwittingly assist undesirable persons or entities from carrying out business activity in breach of sanctions legislation and quite possibly also anti-money laundering legislation as well.

<p>The sanctions regime applies alongside existing anti-money laundering legislation, which continues to remain unaffected by the changes in May. Whereas anti-money laundering legislation applies to lettings transactions over the €10,000 (sterling equivalent) monthly rent threshold, sanctions obligations carry no minimum threshold. All letting agents, therefore, will need to screen all their landlords and applicants in order to comply with the new rules, and serious penalties lie in wait for those who fail to comply. 

<hr>
<h3>Find qualified tenants with Foxtons</h3>
<p>We have a huge database of registered, active renters. Foxtons Lettings team can quickly find the qualified tenants best suited for your rental property. Get started with a valuation:
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<br><hr><br>
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   <p><p><b>Source:</b> This piece was authored by Foxtons Director – Legal & Compliance, Manjit Kataora, who has been working with Foxtons on the intricacies of legislation affecting London landlords for more than 16 years. If you have a question on letting your property in London, <a href='mailto:experts@foxtons.co.uk?subject=Sanctions%20Article%20Landlord%20Essentials' target='_blank'>ask a Foxtons expert</a>.


</div>



lettings-market-report-affordability

<h2 class='intro_basic'>London's rental market is shifting gears. While January saw a seasonal uplift in demand from December, increased supply and concerns around affordability mean the market's dynamics are changing. Here's what you need to know about Q1 2025's evolving rental landscape and how to adjust your strategy.</h2>

<div style="background: #0000; 
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   <p style="margin-left: 25px; margin-right: 25px;"><i>"...While the coming spring market should bring an uptick in demand, the substantial growth in supply means your property will face more competition. Success now depends on
precision pricing that reflects both real-time market data and evolving tenant preferences in your local area...”</i>

<p style="text-align: right">Gareth Atkins<br><small><b>Managing Director - Lettings</small></b></p>

<center><p style="background-color: #cce3e0;"><a href='https://www.foxtons.co.uk/reports/lettings-report/lettings-market-report-january-2025' target='_blank'>See the full story in the <b>Lettings Market Report - January 2025</b></a></big></center>
</div> 

<h3>&#x1f4c8; Key numbers from the report</h3>
<p style="margin-left: 25px">• This January, whilst demand fell 3% from last January, it increased 83% from December 2024.
<p style="margin-left: 25px">• The volume of listings coming to market declined just 5% from last January. However,
compared to December 2024, there was a 51% increase.
<p style="margin-left: 25px">• The average rent achieved in January increased 2% from January 2024.

<h3>&#x1f3ac; Watch: the impact of affordability on Build to Rent</h3>
<p>Sarah Tonkinson, Managing Director - Institutional PRS and Build to Rent, shares expert insight on the affordability conversation and the opportunities it creates in London's Build to Rent sector.
<center><div style="padding:100.78% 0 0 0;position:relative;"><iframe src="https://player.vimeo.com/video/1057565329?h=9d068f5e11&amp;badge=0&amp;autopause=0&amp;player_id=0&amp;app_id=58479" frameborder="0" allow="autoplay; fullscreen; picture-in-picture; clipboard-write" style="position:absolute;top:0;left:0;width:100%;height:100%;" title="Lettings Market Report February 2025"></iframe></div><script src=https://player.vimeo.com/api/player.js></script></center>


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</a>
<a href="https://www.foxtons.co.uk/landlord/property-management" class="cta-button cta-button-secondary">Explore Foxtons Property Management</a>

</center>

<br><br>
<h5>More insight on the lettings market:</h5> 

<p style="margin-left: 25px">• <a href='https://www.foxtons.co.uk/discover/2025/02/expert-reactions-key-debates-from-the-rentersa-rights-billas-second-reading' target='_blank'>Expert reactions: key debates from the Renters' Rights Bill's second reading</a>

<p style="margin-left: 25px">• <a href='https://www.foxtons.co.uk/discover/2024/03/video-the-complete-endtoend-service-for-investing-landlords' target='_blank'>Video: the complete end-to-end service for investing landlords</a>

<p style="margin-left: 25px">• <a href='https://www.foxtons.co.uk/discover/2024/04/setting-up-an-hmo-the-pros-the-cons-and-the-hmo-licence' target='_blank'>Setting up an HMO: the pros, the cons and the HMO licence</a>

<hr>

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  <p>ST: Affordability is the word you’ll hear everywhere this year. In London's Build to Rent sector, there’s an opportunity for market-savvy operators to use this conversation to set their offering apart. <p>My team had an exceptionally busy 2024 placing residents within a broad spectrum of lifestyles and a range of housing needs and search criteria. The appetite is there. In that time, we saw a crucial shift. The market grasps what Build to Rent is, and it’s now exploring the huge potential in Build to Rent to create quality rental housing. Through varied price points and amenity offerings, operators can tap into London's diverse rental demographics while addressing the city's pressing need to attract and retain talent. 
<p>Next month, Joel Ellis-Duffy, Sales Director - New Homes and I will be attending MIPIM in Cannes – where the future of urban development takes centre stage. I'll be sharing how Foxtons' pioneering data analytics and unrivalled London market expertise can transform your Build to Rent strategy. Let's meet in Cannes to explore how we can build your success in London's robust market.

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 <small>  <p><p><b>Source:</b> 
<p style="margin-left: 25px">•	<b>Market data</b>: Foxtons Business Analytics produces our monthly Lettings Market Report, leveraging cutting-edge technology and our exclusive database, one of the largest for London's property market, to provide unparalleled insights for our landlords each month.
<p style="margin-left: 25px">•	<b>Expert insight</b>: To provide you with the most value, this article features our leading lettings experts. Our team's hands-on experience comes from many years in the industry with London's leading lettings agency, so you can rely on our practical, market-tested insight. 
<p>This blend of data-driven analysis and expert commentary offers a comprehensive view of the market, helping landlords navigate any market conditions with confidence. For any questions on the report or insight, <a href="mailto:experts@foxtons.co.uk">ask a Foxtons expert</a>.</small>
 </div>

expert-insight-renters-rights

<h2 class='intro_basic'>Important debates sparked during the Renters' Rights Bill's second reading in the House of Lords on Tuesday, 4 February. <p>Watch as our London lettings experts Gareth Atkins (Managing Director - Lettings), and Fran Giltinan (Managing Director - Property Management & Customer Experience), analyse the key debates and their potential impact on London landlords and the rental sector. </h2>

<center><div style="padding:100.78% 0 0 0;position:relative;"><iframe src="https://player.vimeo.com/video/1054182007?h=61ce84c08d&amp;badge=0&amp;autopause=0&amp;player_id=0&amp;app_id=58479" frameborder="0" allow="autoplay; fullscreen; picture-in-picture; clipboard-write" style="position:absolute;top:0;left:0;width:100%;height:100%;" title="Expert Reactions: key debates from the Renters’ Rights Bill’s second reading"></iframe></div><script src=https://player.vimeo.com/api/player.js></script></center>

<p>Want to know more about the Renters' Rights Bill? Read the following articles: 
<p style="margin-left: 25px"><a href='https://www.foxtons.co.uk/discover/2025/02/an-open-letter-from-our-ceo-what-the-ban-on-upfront-rental-payments-could-mean-for-landlords-and-tenants' target='_blank'>An Open Letter from our CEO: what the ban on upfront rental payments could mean for landlords and tenants</a>
<p style="margin-left: 25px"><a href='https://www.foxtons.co.uk/discover/2024/09/your-guide-to-the-rentersa-rights-bill-timelines-and-whatas-changed' target='_blank'>2025 rental market: expert tips and forecasts</a>
<p style="margin-left: 25px"><a href='https://www.foxtons.co.uk/discover/2024/09/your-guide-to-the-rentersa-rights-bill-timelines-and-whatas-changed' target='_blank'>Your guide to the Renters’ Rights Bill: timelines and what’s changed</a>

<p style="margin-left: 25px"><a href='https://www.foxtons.co.uk/discover/2024/10/the-second-reading-of-the-renters-rights-bill' target='_blank'>The second reading in the Commons of the Renters' Rights Bill </a>

<p style="margin-left: 25px"><a href='https://www.foxtons.co.uk/discover/2025/01/limiting-rent-in-advance-a-and-the-overseas-student-market' target='_blank'>Limiting rent in advance and the overseas student market</a>


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  <p>GA: The Renters' Rights Bill has just cleared its second reading in the House of Lords, and while the core legislation hasn’t changed, the debates have revealed some crucial concerns for London's property market. Let's break down the key issues that every landlord needs to understand.

<p>The late addition of a ban on upfront payments has sparked intense debate. There are 3 million people renting in London and we see 10-15% of tenants using upfront payments – the self-employed, international students and those with poor credit history or fall just short of affordability checks. And in such a competitive market, this ban could significantly impact housing accessibility for these groups. It deserves further consideration. We see over 16 applicants vie for each property, so the government should understand that it will affect these groups more than landlords who can rent to the remaining 80%. 

<p>FG: Despite the Government’s assurances that they are collaborating with the Ministry of Justice, the Lords’ concerns about court system capacity remain valid. Our advice? Focus on what you can control. Thorough documentation and proper pre-tenancy procedures are crucial as they have always been. Remember, our property management and credit control teams are trained to handle complex situations as and when they arise.

<p>The extension of the Decent Homes Standard to private rentals is an important step forward we support. Our property management team can connect you with trusted contractors and guide you through all of your compliance and maintenance requirements, ensuring a smooth transition to these new standards.

<p>While we fully support the bill's objectives to protect tenants, success will lie in the details. Some measures, particularly around upfront payments and court processes, need careful consideration. As London strives to attract talent, with the Labour government's focus on "growth", we must ensure these reforms achieve their aims without creating new barriers. 

<p>GA: We will continue working closely with landlords to navigate these changes effectively. We will continue to lobby some of the elements of the bill which we feel will not have the impact the government desires. The bill now moves to committee stage and we will keep you updated throughout.


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   <p><p><b>Source:</b>  The content in this video was written and delivered by Foxtons leading lettings experts to ensure you have the best information to hand. <p>We will continue to monitor the progress of the Bill to provide you with accurate, reliable information to support you as the legislation changes. Our team's hands-on experience comes from many years in the industry, so you can rely on our practical insight and comprehensive support.</div>


Property focus

Buying

bankrobbers-pink-house-notting-hill

<h2 class='intro_basic'>Even in Notting Hill, famous for its colourful homes, one property on Lonsdale Road stops people in their tracks. Standing proudly between the brick houses, you can't miss this beloved home painted brilliant pink with brass lion's head doorknockers. Welcome to Bank Robber House – the property that has London talking. </h2>


<h3>&#x1f3a5; Watch: tour of Notting Hill's Pink House with Foxtons</h3>
<p>Step inside with Dani, our Operations Director for Lettings at Foxtons Notting Hill, as she reveals what makes this beloved property so special:
<center><div style="padding:100.78% 0 0 0;position:relative;"><iframe src="https://player.vimeo.com/video/1051602523?h=f9a79e4db1&amp;badge=0&amp;autopause=0&amp;player_id=0&amp;app_id=58479" frameborder="0" allow="autoplay; fullscreen; picture-in-picture; clipboard-write" style="position:absolute;top:0;left:0;width:100%;height:100%;" title="The Pink House"></iframe></div><script src=https://player.vimeo.com/api/player.js></script></center>

<p>This rare gem offers a chance to own a piece of Notting Hill history. Whether you're seeking a distinctive home or an exceptional letting opportunity, Bank Robber House delivers both character and charm in equal measure.

Ready to see it for yourself? Ring our <a href='https://www.foxtons.co.uk/contact/foxtons_notting_hill_estate_agents' target='_blank'>Notting Hill</a> team at 020 7616 7000 to arrange a viewing.

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<a href="https://www.foxtons.co.uk/properties-for-sale/w11/chpk0193449" class="cta-button cta-button-primary">Arrange a viewing</a>

<a href="tel:020 7616 7000" class="cta-button cta-button-secondary">
  
 &#x1f4f1; Call the Notting Hill office 
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<h3>Key Features</h3>
<p style="margin-left: 25px"> •	A stone's throw from Portobello Road
<p style="margin-left: 25px"> •	Twin accent fireplaces
<p style="margin-left: 25px"> •	Private roof terrace for al fresco dining
<p style="margin-left: 25px"> •	Contemporary open-plan kitchen
<p style="margin-left: 25px"> •	Exposed original brickwork
<p style="margin-left: 25px"> •	Potential for long and short-term lets
<h3>Why is it called Bank Robber House?</h3>
<p>The house earned its playful nickname from its neighbour, the former Bankrobber Gallery. This contemporary art space, known for showcasing works by local legend Banksy, once displayed pieces within the pink house itself. While the gallery has since moved to private sales, the name stuck.

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   <p><p><small><b>Source:</b> This article features our Operations Director - Lettings for <a href='https://www.foxtons.co.uk/contact/foxtons_notting_hill_estate_agents' target='_blank'>Foxtons Notting Hill office</a>. office brings decades of local expertise and unrivalled market knowledge to this iconic London village. Put our experience to work in your property journey.</small></div>


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  <p>Good afternoon, I’m Dani from Foxtons, and welcome to another afternoon of looking at some incredible properties. 
  
<p>I’m here in the heart of Notting Hill Gate on a brilliant street called Westbourne Grove. Those of you that know it, it has wonderful eateries, great restaurants and some lovely shops…but that’s not why we’re here. Let’s go and have a look at this unique, different kind of property. 

  <p>Come on in, then! What do you think of this? 872 square feet, converted stable from the 1890s. 

  <p>As you can see, it still holds the original brick curved ceiling. But what I love about this place that you don’t see very often is two unique fireplaces. And in a room this size, it’s going to get hot.

  <p>The lower ground floor comprises a large bedroom with an en suite leading to a patio. At the top of the spiral staircase, you can enjoy your private room. 
Thank you for visiting the Pink House with me today in Notting Hill. 

  <p>If you have any further enquiries, it’s all in the information below. I’m Dani from Foxtons. Have a great day; see you next time! 

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2025-rental-market

<h2 class='intro_basic'>With the final December data now in, our latest <a href='https://www.foxtons.co.uk/reports/lettings-report/lettings-market-report-december-2024' target='_blank'>Lettings Market Report</a> reveals the complete story of London's 2024 rental market. Looking ahead, 2025 promises to be a pivotal year – and we've got the expert insights you need to stay ahead of the curve. </h2>

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   <p style="margin-left: 25px; margin-right: 25px;"><i>"Looking at the rental landscape in the year ahead, I expect to see traditional seasonality in the market, similar to 2024. Whilst we're projecting <b>modest rent growth of 3-5%</b>, the real story will lie in the resilience of supply levels.”</i>

<p style="text-align: right">Gareth Atkins,<br><small><b>Managing Director - Lettings</small></b></p>



<center><p style="background-color: #cce3e0;"><a href='https://www.foxtons.co.uk/reports/lettings-report/lettings-market-report-december-2024' target='_blank'>See the full story in the <b>Lettings Market Report - December 2024</b></a></big></center>
</div> 



<h3>&#x1f4c8; Key numbers from the report</h3>
<p style="margin-left: 25px">· In the first half of 2024, applicant demand was 6% behind 2023. In the second half of the
year, demand was 1% ahead, showing strength returning to the market.
<p style="margin-left: 25px">· Average rent achieved in 2024 closely mirrored 2023, with a marginal 2% decrease.
<p style="margin-left: 25px">· In 2024, new market listings rose by 8%, totalling over 385,000 listings.


<h3>&#x1f3ac; Watch: London landlords start 2025 strong</h3>

<p>Fran Giltinan, Managing Director - Property Management & Customer Experience, shares how landlords can get ahead of big changes in 2025 with a proactive January:
</p>
<center><div style="padding:100.78% 0 0 0;position:relative;"><iframe src="https://player.vimeo.com/video/1047434008?h=e2da7482c4&amp;badge=0&amp;autopause=0&amp;player_id=0&amp;app_id=58479" frameborder="0" allow="autoplay; fullscreen; picture-in-picture; clipboard-write" style="position:absolute;top:0;left:0;width:100%;height:100%;" title="Lettings Market Report - December 2024 with captions"></iframe></div><script src=https://player.vimeo.com/api/player.js></script></center>


<h3>Grab January by the Foxtons</h3>
<p>Many London landlords are using the new year as motivation to get their rental properties in order. With a busy year ahead, it's best to start early. Our team meticulously tracks every market shift, so we ensure every Foxtons-managed property stays far ahead of changing regulations. Grab January by the Foxtons with a call to Foxtons Property Management today, and be confidently compliant throughout 2025:</p>

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<a href="https://www.foxtons.co.uk/landlord/enquiry/property-management" class="cta-button cta-button-secondary">Sign up now</a>


  


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<br><br>
<h5>More insight on the lettings market:</h5> 
<p style="margin-left: 25px">• <a href='https://www.foxtons.co.uk/discover/2023/03/top-tax-tips-for-landlords' target='_blank'>Top tax tips for London landlords</a><p style="margin-left: 25px">• <a href='https://www.foxtons.co.uk/discover/2025/01/new-year-new-hires-the-best-time-for-landlords-to-embrace-corporate-housing' target='_blank'>New year, new hires: the best time for landlords to embrace corporate housing</a>
<p style="margin-left: 25px">• <a href='https://www.foxtons.co.uk/discover/2025/01/limiting-rent-in-advance-a-and-the-overseas-student-market' target='_blank'>Limiting 'Rent in Advance' - and the overseas student market</a>
<p style="margin-left: 25px">• <a href='https://www.foxtons.co.uk/discover/2024/10/the-second-reading-of-the-renters-rights-bill' target='_blank'>Second reading of the Renters' Rights Bill</a>
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  <p>Fran: "It comes as no surprise that we have had an 18% increase in landlords opting for Foxtons Property Management, because in the coming year, how you manage your rental property will be paramount given tenants’ expectations and the Renters’ Rights Bill. The need for a landlord to communicate effectively with their tenant, be on point with compliance and respond immediately to maintenance issues has never been greater.  
 <p>"This January, many landlords are getting their rental portfolios in order ahead of these big changes in the market. Our campaign, “Grab January by the Foxtons,” invites you to start the year with a call to Foxtons Property Management. We can navigate the changes for you and deliver the peace of mind you need for a great year in property."


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 <small>  <p><p><b>Source:</b> 
<p style="margin-left: 25px">•	<b>Market data</b>: Foxtons Business Analytics produces our monthly Lettings Market Report, leveraging cutting-edge technology and our exclusive database, one of the largest for London's property market, to provide unparalleled insights for our landlords each month.
<p style="margin-left: 25px">•	<b>Expert insight</b>: To provide you with the most value, this article features our leading lettings experts. Our team's hands-on experience comes from many years in the industry with London's leading lettings agency, so you can rely on our practical, market-tested insight. 
<p>This blend of data-driven analysis and expert commentary offers a comprehensive view of the market, helping landlords navigate any market conditions with confidence. For any questions on the report or insight, <a href="mailto:experts@foxtons.co.uk">ask a Foxtons expert</a>.</small>
 </div>

student-rent-in-london

<h2 class='intro_basic'>Big news in Renters' Rights: Manjit Kataora, Foxtons Director - Legal & Compliance, shares what you need to know about the Rent in Advance debate. 

<hr> 

<p><small>By: Manjit Kataora</small></p>

<p>The amendment to the Renters' Rights Bill that was tabled by the government, which would see landlords unable to receive more than one month’s rent plus the deposit, was debated today in the Commons during the Third Stage reading. This is the last stage of the Commons before the Bill is transferred to the House of Lords.</h2>


<p><a href='https://www.foxtons.co.uk/' target='_blank'><img src='https://page-assets.foxtons.co.uk/news-images/2024/05/let-your-property/720.jpg' alt=''></a></p>



<h3>Why is rent in advance an issue?</h3>
<p>The government has expressed concern over the practice of landlords requesting large amounts of rent in advance and the cost pressure this places on tenants. The evidence given in the Commons during Committee Stage was largely anecdotal and, actually, this doesn’t happen as often as people think because landlords look for long term security rather than a ‘quick win’. 

<p>The concerns, however, were underpinned by the argument that a ban on bidding wars would not work on its own because landlords would just ask for higher amounts of rent in advance instead (the level of deposit poses no such issues because under the Tenant Fee Act 2019 these are already capped). But the two points are distinct: bidding wars are concerned with the level of rent payable per rental period (and the rent level is something that can be challenged in the FTT, so tenants already have a remedy); advance rent is concerned with the number of rental periods for which an agreed (market) rent is payable by the tenant. 

<h3>Credit ratings</h3>
<p>Rent in advance has long been a mechanism by which those applicants who do not have a sufficient credit footprint that would otherwise allow them to pass referencing requirements can access the PRS. 

<p>The obvious example within this class is overseas students looking to settle and study in the UK. Rightly, the Bill contains express provisions preventing landlords and agents from discriminating against tenants with families or who are on benefits but the proposed amendment to cap rent in advance introduces a new risk of discrimination against this class of applicants and, for that matter, anyone else who does not have a suitable credit footprint but who might nevertheless still be able to sustain a tenancy.


<p><a href='https://www.foxtons.co.uk/' target='_blank'><img src='https://page-assets.foxtons.co.uk/news-images/2025/01/rent-to-international-students/720.jpg' alt='International students affected by rent in advcance'></a></p>



<h3>A valuable export</h3>
<p>Given the proposals, it’s unclear how international students in particular are supposed to access the PRS.  <p>Universities UK, in its <a href='https://www.universitiesuk.ac.uk/sites/default/files/field/downloads/2024-11/Renters Rights Bill Committee Submission Oct 2024.pdf' target='_blank'>submission</a> to the Renters' Rights Bill committee (October 2024), points out that <i>“…the Renters Rights Bill is an education issue, not just a housing issue”</i> and that <i>“the availability of suitable accommodation is a crucial part of a thriving higher education sector”.</i> At the time, these submissions were centred on the issue of HMOs and the lack of fixed terms for students. Those issues are now clearer in the bill but the more recent proposal to limit rent in advance places the impact of the Bill on the university and student sector firmly back on the table.  
<p>Referencing standards are not usually set by landlords, agents or tenants. Instead, they are set by actuarials applied by third-party companies based on information supplied by the tenant. Those applicants without an income or credit rating will, absent further assurances, fail referencing and be denied access to the sector. 

<p>According to the House of <a href='https://researchbriefings.files.parliament.uk/documents/CBP-7976/CBP-7976.pdf' target='_blank'>Commons Research Briefing</a> ‘<i>International Students in UK higher education</i>’ (September 2024) the overall value of higher education ‘exports’ (the international student market) increased by 81%  between 2010 and 2021to £27.9 billion. In 2022/2023 India and China alone sent a combined 229,375 students to the UK. On any view, overseas students form a significant and valuable part of the UK economy.  

<h3>Summary</h3>
<p>As a class, overseas students are not applicants who cannot sustain a tenancy. But the amendment, if adopted, will relegate them to a class who are prevented from demonstrating they can sustain a tenancy. The same goes for anyone who can demonstrate the means to sustain a tenancy by paying more than one month’s rent. 
<P>It’s hard to reconcile the foreseeable effect of these proposals with the overall government narrative that the UK is open for business. Surely it makes no sense to construct barriers to entry for students choosing to study in the UK and other classes by making it more difficult to secure rental accommodation. 

<br><hr><br>

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   <p><p><b>Source:</b> Our top lettings and legal experts at Foxtons are monitoring the progress of the Bill to provide you with accurate, reliable information. This piece was authored by Manjit Kataora, our Director of Legal and Compliance, who will continue to analyse developments and track its progress for you.</div>

corporate-housing-lettings-london

<h2 class='intro_basic'>London businesses are hiring, the rental market is building momentum, and January 2025 presents a golden opportunity for landlords. Anoushka Stevenson, Director of Corporate Services and Premier, popped by to tell you why you need to act now if you want to <b>hit the corporate lettings rush</b>.</h2>
<br>

<center><font color= "#017163" ><big><big>The majority of UK companies expect a <b>strong 2025</b>…</big></big><br>
<big>So, <b>grab January by the Foxtons</b>.</big></center></font color>

<p>The new year brings London's annual hiring surge. Companies have brand new hiring strategies to break in, and Talent Acquisition teams across the capital wade out into the talent pool to compete for top candidates. Our Corporate Services department are ready for a busy January as relocation packages begin to roll out.

<p>Even with increased Employer National Insurance costs, confidence is a powerful factor in the capital. Recent Lloyds and KPMG surveys of 1,200 UK companies revealed <b>70%</b> forecast higher profits in 2025 (Source: <a href='https://www.theguardian.com/business/2024/dec/30/most-uk-businesses-expect-to-grow-in-new-year-surveys-find' target='_blank'>The Guardian</a>). Portfolio landlords are positioning themselves now to capture this wave of corporate relocations.

<figure>
<img src='https://page-assets.foxtons.co.uk/news-images/2025/01/london-business-relocation/720.jpg' alt='London relocation services'>
<figcaption>Photo by Foxtons Specialist Video & Photography team</figcaption>
</figure>

<h3>Corporate & Relocation Services gained momentum in 2024</h3>


<p>With over 20 years of experience placing tenants for businesses, Foxtons Corporate Services network is unmatched in London. 
<p>In 2024, we saw steady growth in relocations into the city, with relocation agents and companies directly requesting us to find the perfect properties for their senior management, brightest new hires, and top performers. 
<p>This meant we conducted over 3,000 corporate professionals viewing of our landlords' properties across London in 2024 alone.

<h3>London is the place to be for businesses (and their employees)</h3>
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<p>Business moves fast in London</b></p>
<small><p>Our Marylebone and Mayfair office exchanged a deal with an overseas company that designs and manufactures robots. We exchanged a three-year deal in just seven days.</small></p>
</div>

<p>The latest <a href='https://www.natwest.com/business/insights/economics/economic-outlook/purchasing-managers-index-reports/regional-growth-tracker-report-november-2024.html' target='_blank'>NatWest report</a> on London's business landscape proves why companies and candidates choose our capital. London was the UK's strongest performing region, with increased business activity driving job creation through November 2024.

<p>Our Corporate Services department works directly with the companies shaping London's future. Three of our top five most active corporate clients are tech giants, reflecting London's position as Europe's leading tech hub. The other two represent London's enduring financial prowess:
<p style= "margin-left: 25px">• Meta (Facebook and Instagram)
<br>• Google 
<br>• TikTok 
<br>• Deloitte 
<br>• JPMorgan Chase & Co


<figure>
<a href='https://www.foxtons.co.uk/discover/2024/12/londonas-2024-rental-market-in-review' target='_blank'><img src='https://page-assets.foxtons.co.uk/news-images/2024/12/2024-property-management/720.jpg' alt='Best rental properties for corporate relocation'></a>
<figcaption>Photo by Foxtons Specialist Video & Photography team<br>From the article: <u><a href='https://www.foxtons.co.uk/discover/2024/12/londonas-2024-rental-market-in-review' target='_blank'>London's 2024 rental market in review</a></u></figcaption>
</figure>

<h3>What rental properties are relocation agents searching for?</h3>
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<p>A good year for the green</b></p>
<small><p>Our Wood Green office facilitated a deal with an engineering and construction company to house their employees during a project. The company was so impressed with how efficiently the deal was handled, they quickly engaged us again, and within two months, we exchanged an additional 16 deals with them.</small></p>
</div><p>The majority of corporate searches fall within the 3,000–5,000 pcm price range. While the City and East London had the highest volume of applicants looking, we placed tenants all across the greater London area – likely in the same area as your own rental property. 
<p>Companies most often offer relocation packages to senior management, so we also cater to VIP clients seeking high-end Central London properties in the £10,000–£20,000 pcm bracket.

<h3>Why to rent your property as corporate housing</h3>

<p>Corporate lettings is a lucrative sector, providing consistently high-calibre tenants who are prepared to pay a premium for a professionally managed tenancy. Landlords prefer corporate lets for the: 
<p style="margin-left: 25px">•	<b>Reliable rental income</b> – Rent is typically paid directly by the company, ensuring consistent and timely payments. 
<p style="margin-left: 25px">•	<b>Tenant standards</b> – Corporate tenants tend to maintain a high level of professionalism and respect for the property. 
<p style="margin-left: 25px">•	<b>Premium furnishings</b> – If you’ve got a property with something extra to offer, corporate lettings is a good market for property with premium furnishings and amenities. However, there’s no need to go shopping if your property doesn’t have the bells and whistles; we have clients looking for those too. 

<figure>
<a href='https://www.foxtons.co.uk/valuations' target='_blank'><img src='https://page-assets.foxtons.co.uk/news-images/2025/01/january-rental-market/720.jpg' alt='Find a tenant'></a>
<figcaption>Photo by Foxtons Specialist Video & Photography team</figcaption>
</figure>

<h3>How to grab January by the Foxtons</h3>
<p><b>Book your rental valuation now</b> to hit the new year hiring surge:

<p><center><font color= "#017163" ><big><big><a href='https://www.foxtons.co.uk/valuations' target='_blank'>Grab January by the Foxtons</a></font color></big></big></center></p>

<p style="margin-left: 25px">1. <b>Tap into Foxtons extensive network</b> – we might already have your ideal tenant on our books. And, with an unmatched database and industry-leading tech, we can get your property in front of the right tenant at the right time.

<p style="margin-left: 25px">2.	<b>Set the right price</b> – As <a href='https://www.foxtons.co.uk/discover/2024/10/rental-market-update-the-key-to-success-in-autumn' target='_blank'>Gareth Atkins says</a>, “<i>You need to strike the right balance between market conditions, tenancy timelines and local property values. Foxtons can help determine the rental price that stimulates interest while achieving the best possible outcome for your property.</i>”

<p style="margin-left: 25px">3.	<b>Get your property corporate-ready</b> – read: <a href='https://www.foxtons.co.uk/discover/2022/07/5-ways-landlords-can-attract-corporate-tenants' target='_blank'>5 ways landlords can attract corporate tenants</a>

<p style="margin-left: 25px">4.	<b>Secure your tenant before the rush</b> – As <a href='https://www.foxtons.co.uk/discover/2024/09/the-race-to-rent-expert-tips-for-success-in-2024as-rental-market' target='_blank'>Sarah Tonkinson says</a>, “<i>With the money wasted on a 10-day void, you could have hired an agent and got a tenant in. Our Negotiators know the market and applicant pool inside and out. We've got the tech, the talent and the track record to get your properties rented fast</i>.”

<p>While other landlords analyse their portfolios, you could be signing your next corporate tenant. Don't let this moment pass you by – <a href='https://www.foxtons.co.uk/valuations' target='_blank'>grab it with Foxtons</a>.

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<a href="https://www.foxtons.co.uk/contact/form/landlord" class="cta-button cta-button-primary">Book a rental valuation</a>
</center>
<br><hr><br>
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   <p><p><b>Source:</b> This article draws from the extensive expertise of Anoushka Stevenson, Director of Corporate Services and Premier, as well as with her specialist team of Relationship Managers. With decades of combined experience in London's prime lettings market, corporate networks, and investment portfolios, they provide authoritative oversight of our corporate market analysis to inform your own portfolio.
<br>If you have any questions on the article, <a href='mailto:experts@foxtons.co.uk' target='_blank'>ask a Foxtons expert</a>. </div>

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# Property trends and Insight

We help our landlords stay on top of all the latest regulations.

Property trends and Insight

Landlords, have you renewed your EICR yet?

More choices for renters this spring: Tips to ensure your property shines

New in April: law changes to the description of your property

Competition in the spring rental market: essential strategies for landlords

Landlords and data protection – to register or not to register?

Sanction changes coming to the lettings market in May

London's Q1 rental market: supply, demand and affordability in focus

Expert Reactions: key debates from the Renters’ Rights Bill’s second reading

Peek inside ‘Bank Robber House’ – the darling of Notting Hill Gate

2025 rental market: expert tips and forecasts

Limiting rent in advance – and the overseas student market

New year, new hires: the best time for landlords to embrace corporate housing