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London agent’s £37,000 bill after “repeated negligence” over HMOs

By |2019-07-31T10:02:56+00:00July 31st, 2019|Property News|

A London council’s action against a property agent it has accused of “repeated negligence” has resulted in £37,000 of fines and costs levied against the individual. A statement from Southwark council says the nine HMOs in the Rotherhithe area owned and managed by Omar Patel - director of management companies Let...

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Fees Ban: Foxtons claims to have frozen fees to landlords

By |2019-07-31T10:02:57+00:00July 31st, 2019|Property News|

Foxtons has announced that it is officially freezing its fees to landlords. The move was previewed in Foxtons’ recent trading statement which emphasised its increasing reliance on lettings as London’s sales market continues to struggle. Now Ed Phillips, Foxtons letting division’s chief sales officer, says: “We’re pleased to announce that we’re freezing...

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Political upheaval leads to surge in prime central London lettings

By |2019-07-31T10:02:59+00:00July 31st, 2019|Property News|

Knight Frank says the number of new prospective tenants registering for prime central London properties in the second quarter of this year rose 47 per cent over the same period last year - and it’s down to the political uncertainty still hurting the market. The agency says the unpredictable political backdrop...

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Latest Build To Rent scheme will be the country’s largest yet

By |2019-07-31T10:02:58+00:00July 31st, 2019|Property News|

Legal & General has exchanged contracts to complete the largest privately funded development in Wales, Cardiff Central Square, which will include 318 Build To Rent units. This makes it the largest BTR scheme yet anywhere in Wales.  Elements of the £400m regeneration scheme, in partnership with the Welsh Government and Rightacres Property,...

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Death Trap: fine for tenant who converted home without owner’s consent

By |2019-07-31T10:02:57+00:00July 31st, 2019|Property News|

A tenant pretending to be landlord has been ordered to pay more than £21,000 after he carved up five family homes he rented into unsafe bedsits. The council which brought a conviction against the tenant claims he put the lives of at least 40 vulnerable residents at risk. Andrius Cikanavicius had converted...

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PM Johnson urged to ‘reinvigorate buy-to-let’ by introducing tax changes

By |2019-07-31T10:03:00+00:00July 31st, 2019|Property News|

Boris Johnson is being to urged to do more to support investment in the private rented sector, as research shows that a significant number of landlords are exiting the buy-to-let market. Tax and regulation changes continue to have a negative impact on the buy-to-let market, with many landlords selling their buy-to-let...

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More than half of all BTL lenders offered limited company products in Q2

By |2019-07-31T10:03:01+00:00July 31st, 2019|Property News|

Purchasing an investment property via a limited company, rather than as an individual, has become significantly more popular, and that largely explains why more buy-to-let mortgage lenders are now offering limited company products to landlords. According to Mortgages for Business, 59% of lenders offered products to landlords who use limited companies...

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London regeneration – what is going on at Battersea Power Station?

By |2019-07-31T10:03:05+00:00July 31st, 2019|Property News|

Property Investor Today recently went to discover the latest goings-on at Battersea Power Station, part of central London’s largest regeneration area. One of the defining characteristics of the London skyline at present is enormous cranes as far as the eye can see – the surest sign that a city is undergoing...

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Top tips for investing in London’s buy-to-let market

By |2019-07-31T10:03:03+00:00July 31st, 2019|Property News|

With the slump in house price growth in London slowing, a growing number of property investors believe that now is a potentially good time to invest in London’s buy-to-let market. You could be forgiven for believing that the yields are much lower in London, compared to many other parts of the...

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A property market bouncing back – the rising investment appeal of Greece

By |2019-07-31T10:03:05+00:00July 31st, 2019|Property News|

Greece’s appeal as a property investment destination is increasing once again as the country continues to bounce back from severe economic trouble and years of austerity. There have been signs recently that stability is returning to Greece after nearly a decade of turmoil, including riots on the streets, mass emigration, high...

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