Monthly Archives: June 2019

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Government considers ‘deposit passports’ in yet another rental reform

By |2019-06-28T10:03:09+00:00June 28th, 2019|Property News|

The government is considering the idea of a deposit passport for use by tenants when they move from one property to another. A call for evidence has been made by the Ministry of Housing, Communities and Local Government, with agents and all others wishing to put forward suggestions being asked to...

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Buy-to-let ‘still represents a great investment opportunity for landlords’

By |2019-06-28T10:03:13+00:00June 28th, 2019|Property News|

With savers continuing to receive poor returns from banks and building societies, thousands of people unsurprisingly continue to turn to residential property as a means of supplementing their income, supported by record-low mortgage borrowing rates, solid demand from tenants and stable yields, as buy-to-let consolidates itself as the investment of...

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Warning to buy to let investors about CGT changes coming soon

By |2019-06-28T10:03:10+00:00June 28th, 2019|Property News|

Second home owners, landlords and property investors are being urged to beware a “dramatic change” to the current capital gains tax regime which will come into effect in April next year. The new rules mean that anyone selling a property after April 6 2020 where Capital Gains Tax is due will...

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Fees Ban: the real impact hasn’t hit yet, warns senior agent

By |2019-06-28T10:03:11+00:00June 28th, 2019|Property News|

Monday marks the one month anniversary of the Tenant Fees ban coming into force, but a senior London agent warns the real effect is yet to be felt. Chestertons’ head of tenancy services, Donna Ingram-Fletcher, believes that many landlords are still unaware that the ban will also apply to historic tenancy...

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London rents fall – but there’s some glimmer of hope, says Your Move

By |2019-06-28T10:03:11+00:00June 28th, 2019|Property News|

The corner may have turned for the London rental market as prices grew between April and May, according to the latest Your Move Rental Tracker.  While rents in the capital are slightly down compared to a year ago, the agency insists there are green shoots of recovery for the market.  Your Move...

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The next chancellor must reverse ‘tax changes impacting private landlords’

By |2019-06-28T10:03:14+00:00June 28th, 2019|Property News|

The Tory leadership contest is well underway with just two candidates - Boris Johnson and Jeremy Hunt - left in the race. But while the two are vying to succeed Prime Minister Theresa May, with the result due on July 23, speculation is growing over who could be the UK’s...

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Renters could transfer deposit from one landlord to the next under new proposal

By |2019-06-28T10:03:15+00:00June 28th, 2019|Property News|

Tenants could be permitted to transfer rental deposits directly between landlords instead of having to pay up for their next property while waiting for a refund on the last under new plans being proposed by the government. Ministers are considering the scheme, known as deposit “passporting”, after James Brokenshire, the housing...

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Birmingham flagship apartment development 95% sold one year from launch

By |2019-06-28T10:03:17+00:00June 28th, 2019|Property News|

SevenCapital’s flagship Birmingham city centre development, St Martin’s Place, is almost sold out just one year since going on sale off-plan, and a year ahead of projected completion. Less than 5% of a total 228 luxury one, two and three-bedroom apartments remain available, which SevenCapital says is a testament to the...

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Housing market bounces back, NAEA reports

By |2019-06-28T10:03:18+00:00June 28th, 2019|Property News|

Demand from prospective buyers has reached an eight-month high, according to NAEA Propertymark’s May Housing Report. The number of house hunters registered per estate agent branch rose by a sixth (16%) in May – from 265 to 307. NAEA Propertymark says this is the highest level recorded since September 2018, when 338...

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Paragon: Large scale landlords make targeted investments

By |2019-06-28T10:03:21+00:00June 28th, 2019|Property News|

Larger scale landlords are continuing to make targeted investments to optimise their position, according to Paragon’s PRS Trends Report for Q2 2019. Its latest quarterly survey – which tracks the experience of more than 200 seasoned landlords – shows that landlords now have an average of 13.1 properties in their portfolios,...

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