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Good news: more deposit disputes settled by agreement, not adjudication

By |2019-05-17T10:02:44+00:00May 17th, 2019|Property News|

Not-for-profit operator Tenancy Deposit Scheme says early intervention between landlords and tenants across the UK is resulting in many more deposit disputes being resolved by agreement rather than adjudication. By law, each deposit protection scheme must offer free dispute resolution services for tenants, landlords and agents who can’t agree how deposits...

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Section 21: trade body receives record response to consultation call

By |2019-05-17T10:02:45+00:00May 17th, 2019|Property News|

Over 6,000 people have responded to the Residential Landlord Association’s survey asking what a post-Section 21 private rented sector should look like – a record response for the trade body. The survey went live shortly after the government’s shock announcement last month that it wanted to scrap landlords’ rights to undertake...

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£2m of new acquisition deals to come, says franchise giant Belvoir

By |2019-05-17T10:02:46+00:00May 17th, 2019|Property News|

Belvoir, the UK's largest property franchise, says its trading during the first quarter of this year suggests it’s outperforming its expectation when it comes to lettings - and indeed outperforming on sales and financial services too. In a trading statement ahead of yesterday’s Annual General Meeting of the company, Belvoir reported...

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Second office for agency run by former students in their 20s

By |2019-05-17T10:02:45+00:00May 17th, 2019|Property News|

The agency handling the largest volume of student accommodation in Lincoln is celebrating its fourth birthday by opening a second office outside of the city. Letting agency and property management firm Student Housing, which is part of the Lincoln Property Co., opened its Nottingham office this week. Established by former University of...

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Middle-aged renters on the rise

By |2019-05-17T10:02:48+00:00May 17th, 2019|Property News|

Rising UK house prices have left many middle-age workers unable to afford a first home, or as accidental renters after a relationship break-up, which is why significantly more older tenants are now renting from a private landlord than they were a few years ago. Given that there is now more of...

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Record response to new survey on Section 21

By |2019-05-17T10:02:49+00:00May 17th, 2019|Property News|

A record number of landlords have responded to the Residential Landlord Association’s (RLA) survey asking what a post-Section 21 private rented sector should look like. The survey, which went live just days after the government announced plans to axe Section 21 repossessions – so-called ‘no fault’ evictions – last month, has...

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Buy-to-let mortgage lending drops 9.1%

By |2019-05-17T10:02:51+00:00May 17th, 2019|Property News|

Buy-to-let mortgage activity remained sluggish in March with landlord investors taking out just 5,000 new buy-to-let home purchase mortgages, down 9.1% on the same month last year, according to the latest data from UK Finance. The figures also reveal that there were 14,400 remortgages in the buy-to-let sector, 3.9% more than...

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Welsh Renting Homes (Fees etc.) Bill receives Royal Assent

By |2019-05-17T10:02:50+00:00May 17th, 2019|Property News|

The ban on fees charged by landlords and letting agents in Wales will be introduced in September, after it received Royal Assent. From 1 September 2019, agents and landlords will no longer be able to charge fees to set up, renew or continue a standard occupation contract except those explicitly permitted...

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Questions raised about letting agents in England and Wales

By |2019-05-17T10:02:49+00:00May 17th, 2019|Property News|

Consumer organization Which? recently undertook a mystery-shopping exercise at 20 letting agents in England and Wales and unearthed some disappointed results, including potential breaches of consumer law. Five lettings agents required financial commitments before allowing customers to see contracts One quarter of agents surveyed would only allow prospective tenants to view contracts...

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Legal & General announces new, largest-to-date BTR scheme in Wandsworth

By |2019-05-17T10:02:52+00:00May 17th, 2019|Property News|

Financial services company Legal & General, already a major player in the burgeoning Build to Rent (BTR) sector, has revealed that it has exchanged contracts on two adjacent sites in Wandsworth which will combine to deliver its biggest BTR scheme to date. The scheme, acquired by the Legal & General BTR...

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