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Support for Fees Ban from lettings experts: ‘it is positive, not negative’

By |2019-01-31T10:02:29+00:00January 31st, 2019|Property News|

Almost the entire lettings industry has viewed the upcoming ban on tenants fees levied by agents in England and Wales as bad news - but now a sharply different view has emerged. The people behind the property management consultancy Apropos, operated by DJ Alexander Ltd, says the more regulated Scottish market...

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Franchise giant Belvoir says fees ban effect will be ‘less than expected’

By |2019-01-31T10:02:30+00:00January 31st, 2019|Property News|

Belvoir has this morning told shareholders that the effect of the Fees Ban coming into effect in June will be less than expected. In a statement to the City the firm says: "The Board has assessed that the impact from the ban on tenant fees will be less than the previously...

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Agents call for delay in launch of stricter mandatory electrical checks

By |2019-01-31T10:02:34+00:00January 31st, 2019|Property News|

The Association of Residential Letting Agents says it backs the stricter rules on mandatory electricity checks in rental properties announced by the government - but it’s called for a delay on their introduction. Earlier this week the Ministry of Housing Communities and Local Government revealed it would be publishing new guidance...

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How will a disorderly Brexit affect your property investment strategy?

By |2019-01-31T10:02:36+00:00January 31st, 2019|Property News|

A no-deal Brexit could trigger a deep and damaging recession with worse consequences for the UK economy than the 2008 financial crisis, the Bank of England warned last year. The central bank fears that failure to reach a deal with Brussels – with no transition period to a new trading relationship...

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Warning to tenants: You face a rocky 2019, says lettings chief

By |2019-01-31T10:02:33+00:00January 31st, 2019|Property News|

Tenants are in for a rocky ride this year - and it’s chiefly the fault of government, says the chief executive of the Association of Residential Letting Agents. David Cox says: "With the Tenant Fees Bill passing its final hurdle in Parliament last week, it is now waiting to receive Royal...

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Letting agent welcomes tenant fees ban as it ‘rights a flawed piece of legislation’

By |2019-01-31T10:02:37+00:00January 31st, 2019|Property News|

The government’s ban on tenant fees is good for business and will strengthen the relationship between landlords and tenants, according to one letting agent based in Scotland. DJ Alexander Ltd, one of the largest family-run property management businesses north of the border, believes that charging tenants administration fees is both unnecessary and...

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Stock shortage prompts better news on prime central London lettings

By |2019-01-31T10:02:32+00:00January 31st, 2019|Property News|

Knight Frank has given an upbeat snapshot of the lettings market in Prime Central London, based mostly on higher rental growth thanks to declining levels of stock.  Citing Rightmove data, the agency says the number of new lettings listings in prime central and prime outer London was 13 per cent lower...

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Tenants in for a ‘rocky ride this year’

By |2019-01-31T10:02:42+00:00January 31st, 2019|Property News|

Undoubtedly, 2018 was another tough year for landlords. With so many tax and regulatory changes over the past couple of years, there was a further decline in the number of buy-to-let acquisitions last year. Based on figures from UK Finance, the number of buy-to-let mortgages secured in 2018 dropped to below...

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Landlord ordered to pay almost £6,500 for poor standards

By |2019-01-31T10:02:40+00:00January 31st, 2019|Property News|

A buy-to-let landlord has been fined close to £6,500 after failing to make improvements to a house in Ilkeston, Derbyshire, including the need to address mould and safety issues. Having failed to comply with an Improvement Notice, served under the Housing Act 2004, to sort out the damp and mould on...

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Deposit-free renting to be discussed on Radio 4 at 12.15pm today

By |2019-01-31T10:02:39+00:00January 31st, 2019|Property News|

Deposit-free renting will be a subject of discussion on the ‘You and Yours’ consumer affairs programme to be broadcast today on BBC Radio 4 at 12.15pm. Given the financial pressure on renters under the existing deposit system, with tenants sometimes having to wait weeks to get their deposit returned or having a...

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