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Letting agent stole over £350,000 of deposits to fund “lavish lifestyle”

By | 2018-02-16T12:06:05+00:00 February 16th, 2018|Property News|

The director of a lettings agency who who stole hundreds of thousands of pounds to spend on holidays and other luxuries has avoided a prison sentence.  The Bournemouth Echo reports that Clifford Wheatcroft, the former owner and director of Real-Est8 Property Solutions, used the cash to fund a "lavish lifestyle". He has been sentenced to [...]

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Huge rise in thefts of tenants’ cash, says campaigning letting agent

By | 2018-02-16T12:06:07+00:00 February 16th, 2018|Property News|

Crooked landlords and letting agents were convicted of stealing £1,162,037 of tenant’s cash in 2017 – a rise of 14 per cent on the £1,018,100 recorded in 2016. The figures come from renting reform campaigner Ajay Jagota, who runs no-deposit firm Dlighted.   He says 27 landlords and letting agents were convicted of theft, fraud [...]

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42 per cent of tenants unhappy with agents’ fees despite imminent ban

By | 2018-02-16T12:06:09+00:00 February 16th, 2018|Property News|

A new survey claims that 42 per cent of private sector tenants are unhappy with paying letting agents’ fees, despite the ban likely to come into effect in 2019. Research conducted by online lettings platform HomeRenter suggests that 70 per cent of tenants would prefer to rent directly from a landlord rather than through an [...]

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Third of professional landlords to expand portfolios, despite buy to let woes

By | 2018-02-16T12:06:11+00:00 February 16th, 2018|Property News|

A third of UK property professionals are set to expand their portfolios in 2018 despite a backdrop of increased challenges in the buy to let sector.   A survey by bridging finance lender mtf - albeit on a small poll of 109 property professionals - found that 33 per cent planned to increase their portfolios, [...]

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Fines total £27,000 for failure to abide by council licensing regime

By | 2018-02-16T12:06:13+00:00 February 16th, 2018|Property News|

Two buy to let investors have been fined a total of more than £27,000 under enforcement powers introduced in Burnley to fight so-called rogue landlords. The local council’s housing team served three notices to landlords for failing to licence their properties under the local selective licensing scheme.  The penalties incurred were £12,500 for one landlord [...]

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Property remains the ‘preferred form of investment for so many people’

By | 2018-02-16T12:06:20+00:00 February 16th, 2018|Property News|

Residential property remains the long-term investment of choice for many Britons, illustrated by the high number of properties sold under the hammer at auction over the past couple of weeks. More than 1,000 properties have been sold at auction so far this month, including plenty of tenanted properties, with hundreds more expected to be sold [...]

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How does GDPR affect small landlords?

By | 2018-02-16T12:06:21+00:00 February 16th, 2018|Property News|

The introduction of the EU-wide General Data Protection Regulation (GDPR) is a little over three months away, and the legislation will require landlords to process tenants’ personal data more rigorously and securely than many of us are used to.Let’s start with the obvious: GDPR wasn’t designed with private landlords or people with second homes in [...]

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Property professionals keen to expand portfolios in 2018 despite challenges

By | 2018-02-16T12:06:36+00:00 February 16th, 2018|Property News|

Research by bridging finance lender mtf has found that a third of UK property professionals are set to expand their portfolios in 2018, with an appetite for opportunistic deals remaining strong despite a rising number of challenges.The poll of 109 property professionals – part of mtf’s research into the future performance of the UK’s property [...]

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Landlords urged to service boilers to reduce risk of heating system failure

By | 2018-02-16T12:06:22+00:00 February 16th, 2018|Property News|

Britain has been hit with a snow and ice warning that is set to put thousands of homes at risk of frozen and burst pipes, which is one of the most common boiler-related problems in winter. The latest claims data analysis from Direct Line shows that there was a 5.2% increase in insurance claims for [...]

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Sales still nowhere near pre-crash levels, research finds

By | 2018-02-16T12:06:37+00:00 February 16th, 2018|Property News|

Property sales in the UK have still not recovered to anywhere close to their pre-2008 levels, a decade on from the start of the global financial crisis. That’s according to Land Registry data research carried out by online agents HouseSimple.com.When ranking months for completed property sales, from highest to lowest, since January 1995, only one [...]

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