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National licensing of landlords “on the horizon” says regulation expert

By |2020-10-30T10:04:55+00:00October 30th, 2020|Company News|

A key member of the Regulation of Property Agents working party says the licensing of private landlords is “on the horizon” but remains a vast piece of work before it can take effect. Mark Hayward, chief executive of the National Association of Estate Agents Propertymark organisation, was one of the most...

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Landlords urged to challenge eviction restrictions in Corona hotspots

By |2020-10-30T10:05:01+00:00October 30th, 2020|Company News|

A leading property lawyers says he’s willing to act for landlords to take the government to judicial review over its latest restriction on evictions. Last week the government requested bailiffs not to forcibly evict tenants in areas with Tier 2 and Tier 3 Coronavirus restrictions - an increasing amount of the...

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New advice on Capital Gains Tax on sale of rental units

By |2020-10-30T10:05:11+00:00October 30th, 2020|Company News|

Tax experts at specialist landlord accountancy firm Gorilla Accounting are giving the sector fresh advice on minimising CGT liability when selling a rental unit.  Most owner-occupiers avoid CGT because they have Private Residence Relief, so long as they meet certain criteria - chiefly:  - it’s your only home and you’ve used it...

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Over 20% of renters could fall into arrears in Corona hotspots – claim

By |2020-10-30T10:05:06+00:00October 30th, 2020|Company News|

A PropTech company claims a quarter of private renters in towns and cities most affected by pandemic could fall into arrears. Deposit alternative service flatfair - using Shelter figures dating from 2009 as the basis for its claims - says tenants in locations as diverse as Crawley, Blackburn and Sunderland could...

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£100,000 compensation to be paid by rogue lettings agents

By |2020-10-30T10:04:20+00:00October 30th, 2020|Company News|

Three lettings agents who kept tenants’ rent instead of passing it to the landlords have been ordered to pay almost £100,000 in compensation. The trio, who also failed to refund deposits to private tenants at the end of their tenancies, ran companies in the London borough Islington and neighbouring boroughs using...

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Politician settles out of court with agent over fees charged in 2015

By |2020-10-30T10:04:25+00:00October 30th, 2020|Company News|

A Green Party councillor has been refunded fees he and his partner were charged by a letting agency five years ago, in an out of court settlement. Anthony Flynn is reported to have only recently challenged the fee - £50 each to himself and his partner - which was levied for...

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Eviction ban by the back door! Top lawyer slams bailiffs’ move

By |2020-10-30T10:04:36+00:00October 30th, 2020|Company News|

A top property lawyer says a recent decision by bailiffs not to forcibly evict anyone in Tier 2 and Tier 3 is an eviction ban by the back door. At the end of last week the government asked bailiffs not to enforce court possession orders in areas with the highest Coronavirus restrictions. So although...

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Foxtons reports poor lettings figures despite sales market boost

By |2020-10-30T10:04:31+00:00October 30th, 2020|Company News|

Foxtons has posted what many consider to be disappointing lettings figures for the third quarter of the year. The company’s lettings-related revenue in this period was down eight per cent to £19.5m - in the same period of 2019 the figure was £21.3m.  It says that whilst volumes in the London lettings market...

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Part 2: retail to residential – will the high street need to change forever?

By |2020-10-30T10:05:27+00:00October 30th, 2020|Company News|

In Part 1, we asked whether other major retailers will follow John Lewis’s lead in moving into the world of building and furnishing private rentals. Here, in Part 2, we speak with more industry experts to get their thoughts on what the future holds for the high street and whether converting...

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Auction roundup – remember, remember, the sales in November

By |2020-10-30T10:05:33+00:00October 30th, 2020|Company News|

As we reach the end of October, Property Investor Today looks at how auction houses have been preparing for November auctions - with lots on offer all across the UK, from southern England to Liverpool and many other place in-between. Clive Emson gears up for November auction Clive Emson is registering 122 online...

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