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Fees Ban is here: but will it achieve what the government wants?

By |2019-05-31T10:03:14+00:00May 31st, 2019|Property News|

The Tenant Fees Act comes into effect in England tomorrow - but a senior lettings expert is questioning whether it will have the effect the government intends. Glynis Frew is the chief executive of Hunters - the long-standing franchise agency that has as its chairman the Conservative MP Kevin Hollinrake -...

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Sell off goes on with more landlords quitting as Fees Ban kicks in

By |2019-05-31T10:03:15+00:00May 31st, 2019|Property News|

The Association of Residential Lettings Agents says the feared sell-off of private rental units is continuing apace on the eve of the Fees Ban. In April, letting agents saw the highest number of landlords selling their buy to let properties since May 2018, with the number of landlords exiting the market...

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Facial recognition used by property management firm in US – the UK next?

By |2019-05-31T10:03:18+00:00May 31st, 2019|Property News|

The management company of a private New York City rental apartment complex is to install a facial recognition system which must be used by tenants to let themselves in. The system has replaced keys and electronic fobs, but a report in The Guardian newspaper in the UK suggests the move has...

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Public are sceptical and confused about Fees Ban: survey

By |2019-05-31T10:03:17+00:00May 31st, 2019|Property News|

The public are described as being “sceptical and confused” over the fees ban that comes into effect tomorrow.  A survey by insurance agency Just Landlords says 41 per cent of the public are currently aware of the impending regulation change but only 17 per cent knew that the implementation date was...

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Fees Ban gets ringing endorsement … from a lettings agency

By |2019-05-31T10:03:16+00:00May 31st, 2019|Property News|

The Tenant Fees Act coming into effect tomorrow and banning fees on tenants in England has been given a ringing endorsement from an unexpected quarter - a lettings agency.  Philip Hay, head of lettings at the family-run Scarborough agency Ellis Hay, says: “The fee ban should level the playing field between...

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Sharp rise in number of landlords selling up ahead of tenant fee ban

By |2019-05-31T10:03:19+00:00May 31st, 2019|Property News|

There has been a significant increase in the number of buy-to-let landlords offloading properties ahead of the introduction of the tenant fee ban this weekend, according to ARLA Propertymark. The number of landlords selling their buy-to-let properties in April hit the highest level for 11 months, fresh data from the trade...

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South East London set to experience house price boost, says JLL

By |2019-05-31T10:03:25+00:00May 31st, 2019|Property News|

Property prices in South East London are set to increase faster than much of Greater London thanks to significant regeneration throughout the area. That’s according to JLL’s latest residential research report. The report suggests that more than 31,000 homes are in the planning pipeline in South East London, with some areas...

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Government approves new PRS licensing scheme

By |2019-05-31T10:03:20+00:00May 31st, 2019|Property News|

Plans to introduce a new licensing scheme for privately rented homes in Barking and Dagenham has been approved by the government. Under the terms of the new borough wide five-year Property Licensing Scheme, which is expected to cover around 20,000 privately rented homes, every privately rented property in Barking and Dagenham will...

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Global investment into PBSA reaches record high of $16.3 billion

By |2019-05-31T10:03:26+00:00May 31st, 2019|Property News|

Global investment into purpose-built student accommodation (PBSA) reached a record $16.3 billion in 2018, surpassing the previous high of $15.9 billion invested in 2017, according to new research from Knight Frank. Further research from Real Capital Analytics (RCA) also revealed cross-border investment in student accommodation accounted for approximately 40% of total...

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Tenant fee ban to be introduced tomorrow

By |2019-05-31T10:03:23+00:00May 31st, 2019|Property News|

From tomorrow, it will be illegal for tenants in England to be charged letting fees, with deposits capped at five weeks’ rent. Under the Tenant Fees Act, from Saturday 1st June 2019, landlords and letting agents in England will only be permitted to take the equivalent of five weeks' rent as a tenancy deposit on annual rents below £50,000...

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