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Banning Orders could rise this year after councils win extra cash

By |2020-01-20T10:02:28+00:00January 20th, 2020|Property News|

Councils that have been awarded additional cash injections by government could use their windfalls to enhance their enforcement of the private rental sector - with more Banning Orders a possible consequence. That’s the view of PropTech entrepreneur Neil Cobbold who says Banning Orders - introduced as part of the Housing and Planning...

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Average rent still hovering just below the £1,000 pcm level

By |2020-01-20T10:02:29+00:00January 20th, 2020|Property News|

The average cost of a rental home in Great Britain rose to £999 pcm in December according to figures just released by Countrywide’s Hamptons International brand.   This was a 3.7 per cent year-on-year increase, marking the strongest rental growth recorded in a December since 2014.   However, average rents were particularly low in...

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Acquisition of independent agency is fourth by franchise firm

By |2020-01-20T10:02:32+00:00January 20th, 2020|Property News|

The Widnes branch of franchise firm Martin & Co has grown its business by almost a quarter after acquiring a local independent agent. It’s taken on almost 100 properties from Rent 2 Go Properties in the Cheshire town, taking its own managed portfolio beyond 500. Director Amanda Hember says: “The Rent 2...

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Tenant wins £18,000 in first-of-its-kind tribunal decision

By |2020-01-20T10:02:31+00:00January 20th, 2020|Property News|

A tenant is thought to be the first ever to have been awarded damages under new Scottish lettings legislation. Dambaru Baral was awarded £18,000 by the First-tier Tribunal from Scotland Housing and Property Chamber after it was found he was unlawfully evicted back in 2015. He raised the case in September 2018...

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Most in demand areas in the UK to rent a property

By |2020-01-20T10:02:34+00:00January 20th, 2020|Property News|

Fresh figures from Howsy has revealed the most in-demand cities to rent property in the United Kingdom, with some surprising findings.  The rental management platform analysed demand across 23 major UK cities as well as each borough of London, based on the proportion of rental listings that had already been snapped...

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London property hotspots: Up and coming regions worth considering

By |2020-01-20T10:02:35+00:00January 20th, 2020|Property News|

Demand for rental homes is continuing to outpace supply and drive up prices in London and that is an attractive proposition for many buy-to-let landlords.   Rental supply has been falling since increasing taxes have made the market more costly for landlords, with many finding it more cost-effective to simply reduce their...

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Here is how to prevent carbon monoxide poisoning

By |2020-01-20T10:02:37+00:00January 20th, 2020|Property News|

Following last week's announcement by the Welsh government that it plans to introduce new regulations to combat carbon monoxide poisoning, here are a few tips to help landlords ensure that their dwelling is fit for human habitation. The advice from Energy UK provides simple steps you can take to make sure you and your tenants stay...

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Q&A – why Prime Central London is still appealing to investors

By |2020-01-20T10:02:39+00:00January 20th, 2020|Property News|

On a rainy Thursday at the end of last year – the day of the general election, in fact – Property Investor Today met with Uma Rajah, co-founder and chief executive of prime property lending and investing platform CapitalRise, at the firm’s smart Chelsea offices. We’d come to find out more...

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Residential mortgages remain at historic low

By |2020-01-20T10:02:40+00:00January 20th, 2020|Property News|

Two, three and five-year fixed rate mortgages have all dropped in cost over the past 12 months, and witnessed some big reductions compared to five years ago, according to Mortgage Brain’s latest data analysis. The cost of a 60% loan-to-value (LTV) five-year fixed, for example, is now 5.7% lower than it...

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Construction begins on new £151m, 30-storey Canary Wharf scheme

By |2020-01-20T10:02:43+00:00January 20th, 2020|Property News|

Property developer Rockwell started work earlier this week on the construction of its scheme at 82 West India Dock Road, which will include new homes and London’s largest and tallest Premier Inn hotel. Situated adjacent to Westferry DLR station, the £151 million project aims to mark Westferry as a destination and...

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