News

As we are all aware, the coronavirus continues to spread around the globe impacting the health and wellbeing of entire communities.  Many businesses are being affected and there is an obvious disruption to daily life.  The UK is at the stage where cases are increasing rapidly and the government is expected to announce new restrictions in the coming weeks.   We want to assure you that Pace will remain operational and strive to provide the best service we can, whilst protecting our staff and customers.  Therefore, we will be making the following changes, with immediate effect:  
Pace works with UK Government on Universal Credit improvement initiatives The Department of Work and Pensions (DWP) has established two working parties with the specific aim of understanding and improving the issues around Universal Credit; the first group is for social landlords, the second solely for private sector landlords. Representing the South East
In the past, we have mentioned the new regulations around mandatory electrical safety inspections which will apply to all new tenancies from 1 July 2020.  What this also means is that all existing tenancies will be covered by the regulations from 1 April 2021.  As you know, all landlords are already required to make sure that the wiring and appliances in their properties are safe, but it will soon be a legal requirement for private landlords to have their electrical installations inspected every five years.
With 40% of UK households owning a pet and the number of people privately renting increasing year on year, this is a growing group withing the private rented sector. However, did you know only 7% of landlords will consider allowing pets in their properties?  The Secretary of State recently announced a revision of the Model Tenancy Agreement for shorthold assured tenancies in the private rented sector on 4 January. The revision will make it easier for tenants with pets to find landlords.
It would seem that the UK housing market has experienced a very positive start to 2020.  Rightmove announced in January that site visits had surpassed 150 million for the first time, making it the busiest month ever recorded as property-hunters looked to take advantage of a more certain political outlook.    The difference in sale agreed numbers from January 2019 to January 2020 was a positive increase of 19% in the South East and 20% in East Anglia, and let’s not forget the impressive 26% in London.

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