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Eviction ban extended for another two months

By |2020-06-06T10:03:02+00:00June 6th, 2020|Company News|

The government is extending the eviction ban for a further two months. A tweet early this evening from Housing Secretary Robert Jenrick says; "We are suspending evictions from social and private rented accommodation by a further two months. Eviction hearings will not be heard in courts until the end of August...

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Repayment order means £11,000 in rent being returned to tenants

By |2020-06-05T10:03:14+00:00June 5th, 2020|Company News|

Rent to the value of £10,982.25 is to be returned to tenants by a landlord who was operating without a licence. Mrs P Nagra, the landlord of a property in Coventry, has been instructed by the First Tier Property Tribunal to repay rent, that seven tenants applied for as part of...

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Many tenants worried about paying rent after furlough ends – claim

By |2020-06-05T10:03:16+00:00June 5th, 2020|Company News|

More than a third of furloughed private renters are worried about being able to pay their rent when the coronavirus lockdown ends, according to new research published today by the Joseph Rowntree Foundation, a think tank.  The federation says this means around 250,000 people in this group could be in a...

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Demand catching up with supply after Prime London’s lettings dip

By |2020-06-05T10:03:21+00:00June 5th, 2020|Company News|

Demand in the prime London lettings market is catching up with supply, reducing short-term downwards pressure on rental values. That’s the view of Knight Frank which says the number of new prospective tenants was four per cent above the five-year average in the week ending May 30 - and the same...

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Chelsea Barracks – is it London’s next major investment hotspot?

By |2020-06-05T10:03:46+00:00June 5th, 2020|Company News|

It has largely been in the shadow of another major renovation of a heritage structure nearby – the transformation of Battersea Power Station – but could the overhaul of the historic Chelsea Barracks be one that investors need to keep a close eye on? It certainly has a history to rival...

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Call for agents to help particularly vulnerable self-isolating tenants

By |2020-06-05T10:03:18+00:00June 5th, 2020|Company News|

ARLA Propertymark has put out a call for agents to provide support to vulnerable tenants who may be self-isolating during the Coronavirus crisis. Propertymark has joined forces with the Alzheimer’s Society to highlight issues those with dementia or vulnerable are facing, quite aside from the pandemic.  “Even before Coronavirus, those living alone...

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Revealed: the UK’s best and worst places for buy-to-let

By |2020-06-05T10:03:48+00:00June 5th, 2020|Company News|

Many landlords and investors may now be looking to expand their portfolios, with lockdown restrictions gradually being eased and major lenders such as Barclays, Accord Mortgages and Skipton International cutting rates and raising their lending ceilings. But where’s the best place in the UK to invest in at the moment? Mojo Mortgages...

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Mixed picture as rents rise 2.7% in the last year, but down 0.9% month-on-month

By |2020-06-05T10:03:29+00:00June 5th, 2020|Company News|

Average rents across the UK increased by 2.7% in May when compared to the same month last year, according to the latest data and analysis from Homelet. But the average rent across the UK dropped in May by 0.9% compared to April to hit £959 a month, the figures show.    The rental data...

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New data shows ‘buy-to-let started the year really strongly’

By |2020-06-05T10:03:31+00:00June 5th, 2020|Company News|

There was an increase in buy-to-let activity in the first three months of 2020, the latest mortgage lending data shows. According to UK Finance’s Finance Household Finance Review, buy-to-let activity increased 7% in Q1 2020, with 5,600 purchase mortgages in March compared to 5,300 in the same period a year earlier.  Remortgage...

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Rental payment delays ‘are creeping up month-on-month’

By |2020-06-05T10:03:38+00:00June 5th, 2020|Company News|

There has been a notable increase in the number of rental properties now making late rent payments, according to a survey of letting agencies covering 16,000 UK properties.  The research, conducted by property technology company Goodlord, found that 6.59% of private rented households are now making late payments.  Prior to the lockdown,...

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