Monthly Archives: December 2018

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Government’s bold claim – ‘Fees Ban won’t hurt many agents’

By |2018-12-31T10:02:23+00:00December 31st, 2018|Property News|

The government has made the controversial claim that the ban on the levying of fees on tenants will not produce “significant adverse effects” on letting agents.  At the end of a new 55-page document outlining progress on the Tenant Fees Bill through Parliament, published between Christmas and New Year, the government...

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Council ‘celebrates’ £300,000 penalties on private rental sector in 2018

By |2018-12-31T10:02:24+00:00December 31st, 2018|Property News|

A local authority has taken the unusual step of issuing a celebratory press release stating that it issued penalty notices adding up to £304,250 on buy to let investors in the first 11 months of 2018. Havering council says its action this year included 108 financial penalty notices,16 housing-related notices served...

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Upbeat look to prime London lettings as year draws to a close

By |2018-12-31T10:02:25+00:00December 31st, 2018|Property News|

Knight Frank has issued a relatively upbeat assessment of the prime London lettings market as the year draws to a close.  Firstly average gross yields in prime central London have risen over the course of 2018 as a result of rising rents and downwards pressure on prices. A yield of 3.35...

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Happy New Year and every success – our wish from Letting Agent Today

By |2018-12-31T10:02:24+00:00December 31st, 2018|Property News|

As 2018 ticks away and 2019 beckons, it’s time for everyone at Letting Agent Today to wish you, your family and your business all success in the New Year and beyond. It’s tempting to say that the next 12 months could hardly be more momentous than the past year where we...

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Significantly fewer BTL landlords register to buy property in 2018

By |2018-12-31T10:02:26+00:00December 31st, 2018|Property News|

There was a sharp decline in the number of buy-to-let landlords acquiring property in 2018, fresh data from Haart shows. Clearly deterred by tax and regulatory changes over the past couple of years, including the introduction of higher stamp duty purchasing costs, the scrapping of the wear and tear allowance, as...

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Rental yields in prime central London hit six-year high

By |2018-12-31T10:02:27+00:00December 31st, 2018|Property News|

The average rental yield achieved in prime central London in December was 3.35% - the highest level seen since April 2012 as a result of rising rents and downwards pressure on prices, said Knight Frank, in its latest monthly report. The property firm reports that letting activity across prime London markets...

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Landlords should be offered incentives to ‘come back into the long-term market’

By |2018-12-31T10:02:30+00:00December 31st, 2018|Property News|

More needs to be done to stem the rise in short-term lets on Airbnb in Scotland to ensure that the market north of the border is not left facing a housing disaster, according to the chief executive of the Scottish Association of Landlords (SAL). A surge in the numbers of short-term...

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Council issues landlords with £300k worth of penalties in 2018

By |2018-12-31T10:02:29+00:00December 31st, 2018|Property News|

Havering Council continued to clampdown on rogue landlords in 2018, with new figures revealing that the local authority issued just over £300,000 worth of penalty notices during the first 11 months of this year. Enforcement was issued primarily against landlords operating inadequate and dangerous living conditions in HMOs, with the council...

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Happy New Year to all our readers!

By |2018-12-31T10:02:28+00:00December 31st, 2018|Property News|

Following a year dominated by Brexit uncertainty, political instability, higher interest rates and more stringent mortgage regulations, many buy-to-let landlords will be looking for far more stability in the housing market in 2019. Weaker economic conditions, affordability problems for buyers and stringent lending conditions will inevitably lead to greater demand for...

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Fees Ban update: ‘Enforcement authority’ for lettings sector to be revealed shortly

By |2018-12-28T10:02:23+00:00December 28th, 2018|Property News|

The Ministry of Housing, Communities and Local Government has revealed that it will shortly choose which local authority will be the ‘lead’ for regulation of the lettings sector.  In a newsletter sent out over the Christmas holiday, it was announced the chosen authority would be named in February 2019. Having a new...

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