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Confiscation orders on landlords could set precedent for private rental sector

By |2018-12-17T10:03:13+00:00December 17th, 2018|Property News|

A local authority claims that a court decision may set a legal precedent for other councils across the UK using the Proceeds of Crime Act. The follows a Crown Court judge’s order to a family of landlords who crammed 31 tenants into one property to pay thousands of pounds in fines,...

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Sluggish rent rises and higher taxes deter overseas buy-to-let investors

By |2018-12-17T10:03:20+00:00December 17th, 2018|Property News|

The proportion of let properties in the UK owned by overseas landlords is at its lowest in almost a decade, new figures show. The proportion of homes let by international landlords in Great Britain has dropped sharply from 14.4% in the first half of 2010 to 5.8% in the first 11...

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Countrywide reports huge fall in number of overseas landlords

By |2018-12-17T10:03:14+00:00December 17th, 2018|Property News|

The proportion of homes let by an overseas based landlord has more than halved in the last eight years according to a report by Countrywide’s upmarket lettings brand, Hamptons International.   In 2010 when its records began, overseas based landlords let 14.4 per cent of homes in Great Britain, but this has...

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What property type has the best yields? Online agency has an answer

By |2018-12-17T10:03:18+00:00December 17th, 2018|Property News|

New data from online buy to let agency Yieldit claims to give an insight into which property types produce the best yields for investors.  Drawing on the agency's current inventory, it says three out of the top five highest-yielding properties are houses with three bedrooms or more, producing net yields of...

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Student accommodation still booming despite Brexit, says agency

By |2018-12-17T10:03:16+00:00December 17th, 2018|Property News|

The UK’s student accommodation sector is still booming according to Knight Frank, despite Brexit creating uncertainty over the future of foreign students in the country. Knight Frank’s Student Property team forecasts that in excess of 29,000 additional purpose-built student beds will be delivered next year – bringing the UK’s total to...

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Is this a good week to invest in property as asking prices continue to fall?

By |2018-12-17T10:03:21+00:00December 17th, 2018|Property News|

Making an offer to purchase a property might sound like the most stressful thing to do just before Christmas, but this is a potentially great week to try and secure a bargain and add to your buy-to-let property portfolio. Given that vendors are often keen to agree a deal to sell...

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Landlords who disregarded planning rules ordered to pay £322k or face prison

By |2018-12-17T10:03:25+00:00December 17th, 2018|Property News|

Rogue landlords who converted terrace houses into shoebox flats without planning permission have been ordered to re-pay illegal income or face prison. Harrow Crown Court heard last week how Mohammad Ishaq, 68, and his wife, Shamim Akhtar, 66, both of Clifford Way, Neasden, had received £322,282 in rental income from terrace...

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Rents edge up, led by gains in the UK’s regional hubs

By |2018-12-17T10:03:24+00:00December 17th, 2018|Property News|

Rents in the UK’s private rented sector increased by 0.97% in the 12 months to November 2018, virtually unchanged from the level of growth at the corresponding point in 2017. Rents in the UK’s regional hubs are growing significantly faster than both London and the UK average, particularly in the north...

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Letting agent is expelled from The Property Ombudsman scheme

By |2018-12-17T10:03:23+00:00December 17th, 2018|Property News|

Landlords in West Bromwich should be aware that local letting agent, The Lettings Shop (TLS), located in High Street has been expelled from The Property Ombudsman scheme (TPO), which means that the firm is not currently registered with a redress scheme, which is a requirement of every sales and letting...

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‘Steep decline’ in rental market activity

By |2018-12-15T10:04:09+00:00December 14th, 2018|Property News|

There has been sharp slowdown in rental market activity as we draw closer to the festive period, the latest data from the Agency Express Property Activity Index has revealed. The percentage of properties ‘to let’ in November dropped by 1.6%, while properties ‘let’ were down by 7.2%. Looking back at the index’s...

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