2025 Budget: What Letting Agents Need to Know
The 2025 Budget has landed, and for letting agents, it brings both challenges and opportunities. With confirmed tax rises on property, savings, and dividend income — including a 2% increase on both dividend and property income — many landlords will be reassessing their portfolios, profitability, and long-term strategies. In addition, the government has frozen tax […]
Making Tenancy Progression Easier, Two Years Running
At Propoly, our mission has always been simple: make tenancy progression smoother, faster and less stressful for letting agents. That’s why we’re thrilled to have been recognised for the second year running at the ESTAS, winning Best in Sector for Tenancy Progression. These awards are powered entirely by verified client feedback, so this recognition isn’t […]
Nine changes to build a vibrant PRS that works for all
Nine changes to build “a vibrant PRS that works for all”. The Government is determined to press ahead with the abolition of Section 21. Its plans to offer more protection to tenants come at a time when many private landlords have already left or are planning to leave the industry. While I don’t believe that’s […]
50 million reasons to choose Propoly
50 million reasons to choose Propoly 50 million reasons might sound like a ridiculous boast. It’s not. At Propoly, we have just reached a major milestone. In the year to date – and we’re still in September – transactions through the PropTech platform reached £50 million. That’s £50 million in holding deposits, initial deposits, and […]
The pros and cons of AI: Separating fact from fiction
The pros and cons of AI: Separating fact from fiction – by Sim Sekhon, MD When ChatGPT was released last November, it didn’t take long for alarm bells to start ringing. This new AI technology was, reportedly, the start of human obsolescence. When machines could produce coherent essays, sit exams for us, write poetry and […]
Finding the right tenant – what does it take?
Finding the right tenant takes more than a reference check. The rental market is fast-paced and competitive. Agents have an average of six viable applicants for every tenancy. In such a climate, it could be tempting to let the property to the first applicant to pass a reference check. Bish, bash, bosh – done. But […]
The outlook for property rental in 2023
The outlook for property rental in 2023. The impact of recent events on the property market has been widely reported, but what’s likely to happen over the next few months? What effects will economic pressures have on the rental market? While a crystal ball might be handy when asking questions like this, it’s a better […]
Tough times ahead for buy to let – here’s how letting agents and their landlords can come out on top
Stuart Law, a prominent figure in property investment has warned of challenges facing the housing market – with the buy to let sector suffering the most. And the recent autumn statement only confirmed there are bleak times ahead for landlords and lettings agents. Although the chancellor of the exchequer, Jeremy Hunt, confirmed the stamp duty […]
Real value: why every landlord counts
Real value: why every landlord counts. There was a time when agents focused on sales. It was the source of their income and the speciality they proudly promoted. But times have changed. We went through an economic crash and lending became more controlled. More people were renting, and not just as a short-term move. Agents […]
Everything you need to know right now – May 2022
Everything you need to know right now. Catch up on all the latest PropTech, compliance, lettings and industry news with the Propoly newsletter. Including: What the Queen’s Speech means for the lettings industry Customer case studies New look discovery session page Book a demo.