Goodlord is set to make chasing rental payments a thing of the past with the launch of its new Goodlord Rent Collection product, which automates payment reminders to tenants, eliminating the need for manual chasing by letting agents.
Referencing service provider Vouch, part of the Goodlord Group, increased its workforce by 46% over a six-month period, despite ongoing Covid-19 related uncertainty in the lettings sector.
The average cost of rent dipped by an average of 8.9% compared to September prices in October, while voids hit the highest averages recorded since May, in Goodlord's latest Rental Index.
The Chancellor has announced his Autumn 2021 Budget, which includes investments in housing and business rates relief. Here are three key takeaways for letting and estate agents and landlords.
A new fund of £65 million has been announced in England, to rival those already in place in Scotland and Wales, to support low-income tenants at risk of eviction during the Covid-19 pandemic.
Goodlord becomes first company since the onset of the pandemic to offer Rent Protection Insurance that pay outs until vacant possession, with no cap on months.
Goodlord, the UK’s fastest growing lettings technology and services platform, has acquired the fintech app acasa. This acquisition forms part of Goodlord’s push to broaden the range of market-leading services it offers to letting agents and their landlords and tenants.
The average cost of rent is at a year-to-date high of £1,104 per property in September, while voids increased compared to August, but are still 10.5% lower according to the year-on-year figures.
Energy expert Rik Smith, previously of Uswitch and British Gas and current Head of Tenancy Services at Goodlord, answers letting agents' questions on the current energy crisis and how it could impact themselves and their landlords and tenants.
While the energy crisis is ongoing, your agency's tenants may be searching for ways to help pay their power bills over winter as energy costs rise. Here are five sources of financial support available to help them pay their bills in your landlord's property.
Goodlord's Rent Collection service will automatically send tenants a reminder to pay three days before their rent is due and chase again as soon as a payment is late. The tool has been available to some of its customers for a few months in beta mode. It will now be available to anyone using Goodlord's lettings platform.
Topics: Goodlord Group
Referencing service provider Vouch has increased its workforce by 46% in the last six months, despite uncertainty within the sector triggered by the pandemic. The company now employs 35 people, up from 24 back in March, with the new hires ranging from technology development to referencing and sales.
Topics: Goodlord Group
Following several months of rising rents and falling voids, the latest Rental Index from Goodlord shows that the pace of the market may be cooling as lettings head into winter, but that year-on-year demand remains very high in comparison to 2020 figures.
Topics: Data
The government has outlined its investment spending plans in the October 2021 Budget and Spending Review, promising to deliver "an economy fit for a new age of optimism." Letting and estate agents should in particular be aware of plans announced to cover investment in housing stock, green homes, and business rate relief initiatives.
Topics: Business
The Department for Levelling Up has announced a new fund of £65 million to support vulnerable renters struggling to pay their rent in England. Councils will be able to allocate funds throughout the winter months to low income earners on a case by case basis, to "prevent homelessness and support families get back on their feet".
Topics: Compliance
Letting agents and landlords utilising Goodlord's Rent Protection & Legal Expenses Insurance* policy will now have their rent protected until vacant possession is obtained, with no cap on the number of months covered. This will allow landlords to claim up to £100,000 worth of missed rent payments and legal expenses.
Topics: Goodlord Group
Goodlord, the UK’s fastest growing lettings technology and services platform, has acquired the fintech app acasa. This acquisition forms part of Goodlord’s push to broaden the range of market-leading services it offers to letting agents and their landlords and tenants.
Topics: Goodlord Group
The latest Goodlord Rental Index shows that the average cost of rent in England has reached its highest level for 2021 so far, despite rents falling in some regions. Voids inched up compared to August, but remain much lower than annual averages. The data therefore points to a very slight cooling of demand during September compared to the lettings frenzy seen throughout the summer, but overall paints a picture of a much stronger rental market than seen at the same time last year.
Topics: Data
What are the options for tenants who are struggling to pay their bills? What happens if my tenants' energy supplier goes bust? What happens if I have a vacant property and the supplier goes bust? Energy expert Rik Smith answers these questions and more on the unfolding energy crisis and its impact on the lettings industry.
➡️ See all our resources for letting agents on the energy crisis.
Topics: Business
As we head into the winter period, energy prices are projected to continue rising, with suppliers collapsing due to high fuel prices during the energy crisis. You can share with your tenants a free FAQ sheet to reassure them about what this may mean for their energy supply, and encourage them to directly contact their supplier with any questions or concerns. You can also make them aware of these five sources of finance if they struggle to pay their bills in the coming months.
Topics: Compliance
