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Pro-fees ban agent admits there will be “unintended consequences”

By |2019-01-18T10:02:46+00:00January 18th, 2019|Property News|

A lettings agency boss who says she is actually in favour of the agents’ fees ban nonetheless admits there will be “unintended consequences” which will hurt tenants most of all. Alexandra Morris, managing director of online agency MakeUrMove, says: “The [measure] has a much wider impact than simply removing tenant fees...

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Huge surge in Build To Rent: problem or opportunity for letting agents?

By |2019-01-18T10:02:47+00:00January 18th, 2019|Property News|

There has been a massive surge in the volume of lettings properties under construction for the burgeoning Built To Rent sector. Data from the British Property Federation, with the assistance of Savills, shows that the total number of BTR homes under construction across the UK has increased by nearly 40 per...

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Firm claims tenanted buy to lets get ‘sale agreed’ in just 38 days

By |2019-01-18T10:02:50+00:00January 18th, 2019|Property News|

An online agency specialising in the sale of investment properties with tenants in situ claims the average time for a tenanted home to sell is just 38 days.  Yieldit, which handles the sale of completed and tenanted investment property, has analysed the six months to December 31 and found that it...

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Tenants favour no-deposit schemes claims agent

By |2019-01-18T10:02:49+00:00January 18th, 2019|Property News|

A regional lettings agency claims it’s seen a 26 per cent surge in tenant and prospect views on properties listed as being in deposit replacement schemes. East Sussex-based Oakfield, an independent operating in Hastings, Bexhill & Eastbourne, has analysed data collected on its rental stock over the three month period from...

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BTL landlords cool on property purchases

By |2019-01-18T10:02:52+00:00January 18th, 2019|Property News|

The number of buy-to-let purchases continues to fall, as reflected by a further drop in new buy-to-let mortgage lending. Fresh data from UK Finance shows that landlord investors took out just 6,100 new buy-to-let mortgages for acquiring properties in November, down 9% compared with the same month a year earlier. The total...

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Barnet Council plans to introduce tougher licensing controls

By |2019-01-18T10:02:53+00:00January 18th, 2019|Property News|

Barnet Council is planning to introduce a stricter licensing scheme designed to clampdown on rogue landlords across the borough in north London. The council wants to replicate selective licensing schemes that have come into play in other areas, with prosecution or a civil penalty of up to £30,000 for landlords that...

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Just 135 of 3,000 landlords have signed up to new statuary license

By |2019-01-18T10:02:57+00:00January 18th, 2019|Property News|

There is growing concern in Reading that thousands of landlords could soon face enforcement action if they do not sign up to new statutory licence, with the deadline just weeks away. Changes to mandatory Houses in Multiple Occupation (HMO) licensing came into force in England on 1 October 2018, requiring properties...

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Low stock levels send London asking rents soaring

By |2019-01-18T10:02:59+00:00January 18th, 2019|Property News|

Asking rents for London properties hit a record high at the end of 2018, exceeding the previous peak witnessed in the first quarter of 2016. That’s according to research carried out by Rightmove, which revealed that asking rents in the capital are now increasing at an annual rate not seen since...

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Will luxury renting replace home ownership for Generation Y?

By |2019-01-18T10:03:00+00:00January 18th, 2019|Property News|

A report has asked whether luxury renting is the new home ownership for millennials, with the dying dream of home ownership for many young people leading to a boom in alternative renting options. The findings, carried out by research and communication firm GK Strategy, suggest that there has been huge growth...

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UK Finance slammed for suggesting that the leasehold system is working well

By |2019-01-18T10:02:56+00:00January 18th, 2019|Property News|

Assertions made by UK Finance that the leasehold system is not in need of major reform have been rejected by Leasehold Solutions. Speaking to the Housing, Communities and Local Government Committee this week, Matthew Jupp, principal of mortgages at the body representing high street lenders in this country, said that the...

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