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Snoopers’ Charter – people urged to inform about ‘illegal lettings’

By |2019-04-30T10:02:21+00:00April 30th, 2019|Property News|

A local authority has written to purchasers of former council houses and apartments warning them against illegally letting them out - and it’s set up a hotline for people to report those breaking the rules. Cornwall Council says people who bought properties under Right to Buy may face legal restrictions on...

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Investment sentiment improving, despite Brexit and rental red tape

By |2019-04-30T10:02:22+00:00April 30th, 2019|Property News|

A property investment platform claims that investor sentiment in buy to let is actually improving despite ongoing political and economic uncertainty in the marketplace and the string of fiscal changes that have hit the property rental sector. Some 81 per cent of those investors questioned by Property Partner say they are...

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Redundant LSL agent buys local franchise for hybrid agency

By |2019-04-30T10:02:24+00:00April 30th, 2019|Property News|

A former agent made redundant by LSL Property Services is the 125th franchisee for EweMove.  Damien Guest, who has worked in agency for more than seven years, launched the EweMove business in Folkestone and Cheriton earlier this month. However, EweMove has revealed that while Guest is the 125th franchisee, he is in...

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Unfurnished London lets take 30% longer to find tenants, says agent

By |2019-04-30T10:02:23+00:00April 30th, 2019|Property News|

One of London’s best known lettings agents says unfurnished properties can take 30 per cent longer to let than a furnished equivalent, even in the capital’s current strong rental market. Anita Mehra of Benham & Reeves adds that around 80 per cent of her firm’s tenants prefer fully-furnished properties. These figures apply...

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Buy to let back in favour three years after SDLT surcharge, says agent

By |2019-04-30T10:02:23+00:00April 30th, 2019|Property News|

Three years after the introduction of the second homes stamp duty surcharge, landlords are “beginning to come to terms with the additional costs and are cautiously entering the market again” according to a leading agent. Paul Smith, chief executive of haart, says his branches across England and Wales saw a monthly...

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Increasing number of landlords ‘cautiously’ re-entering the BTL market

By |2019-04-30T10:02:25+00:00April 30th, 2019|Property News|

There has been a significant rise in the number of landlords re-entering the buy-to-let market after coming to terms with the ‘additional costs’ imposed by the government, according to haart. The number of landlords offloading properties has soared over the past three years as a consequence of buy-to-let tax and legislative changes....

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Replacing leasehold with commonhold – put your views to the housing minister

By |2019-04-30T10:02:26+00:00April 30th, 2019|Property News|

In recent weeks our campaign to replace leasehold with commonhold has continued to gather momentum both in the press and across social media. As part of our efforts to support this worthwhile cause, we’ve so far outlined the major issues faced by leasehold landlords and homeowners and chronicled the nationwide battle to make...

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Abolishing Section 21 could adversely affect housing supply

By |2019-04-30T10:02:29+00:00April 30th, 2019|Property News|

The government’s proposal to scrap Section 21 of the 1988 Housing Act is likely to deter many people from investing in the buy-to-let sector and encourage existing landlords to exit the market, thus adding to the housing shortage crisis, according to Just Landlords. The landlord insurance provider fears that the government’s...

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Number of homes for sale hits record low during March

By |2019-04-30T10:02:28+00:00April 30th, 2019|Property News|

But-to-let landlords thinking about expanding their property portfolio will find that the sustained drop in the number of new homes for sale reported by estate agents has continued to fall steeply. According to NAEA Propertymark, the flow of new sales listings coming to market contracted to an all-time low in March. An...

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Pepper Money revamps rates and cuts cost of valuation fees

By |2019-04-30T10:02:27+00:00April 30th, 2019|Property News|

Pepper Money has revised rates across its buy-to-let and residential products and reduced the cost of valuation fees. The specialist lender has cut some rates by almost 1% and customers now have the option of a £0 completion fee. Six month ago, Pepper simplified its criteria for borrowers with adverse credit and...

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