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PropElle Network launches webinar to assist members through lockdown

By |2020-04-03T10:04:54+00:00April 3rd, 2020|Company News|

The PropElle Network, a leading community that offers property education, advice and guidance to help women invest in property, has launched a series of free regular webinars for registered PropElle members in order to provide bespoke support during the nation’s lockdown. The first webinar, which took place on Thursday March 26,...

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Ascend reports strong revenue efficiencies for latest Build to Rent fund

By |2020-04-03T10:05:00+00:00April 3rd, 2020|Company News|

Manchester-based Build to Rent specialist, Ascend, reported ‘outstanding’ income increases for their client on the latest BTR fund it manages for Gatehouse Bank. Having successfully migrated the 1,000 homes, the company is set to continue maximising returns on its BTR platform. With a BTR property portfolio comprising two, three and four-bedroom houses...

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Coronavirus impact – is the short-lets market in serious trouble?

By |2020-04-03T10:04:58+00:00April 3rd, 2020|Company News|

The results of a poll conducted by the UK’s short-lets trade body with its corporate membership has revealed just how damaging Covid-19 has been when it comes to companies’ reservations and income.  The feedback the UK Short Term Accommodation Association (STAA) received from its corporate members, representing the majority of the short-let industry, highlighted some very stark issues.   Since March 13, when the...

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Gatehouse Bank lowers FTV to 65%

By |2020-04-03T10:04:42+00:00April 3rd, 2020|Company News|

Gatehouse Bank has lowered its finance-to-value (FTV) limit to 65% on buy-to-let and home purchase plans to help cope with existing market conditions. Gatehouse has also suspended loans against houses in multiple occupation, multi-unit blocks, new-builds and apartment buildings over six storeys. The lender says cases over 65% FTV, which is the...

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Where are the best places to buy abroad in 2020?

By |2020-04-03T10:04:56+00:00April 3rd, 2020|Company News|

Landlords and aspiring property owners are turning to overseas markets. Not only are they finding plentiful real estate investment opportunities, they are discovering that international rental cash flow can more than cover their costs. But where to start? There’s some research involved, for sure. Legislation and tax obligations vary across geographical...

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Labour’s rent holiday plan slammed as “unhelpful and very divisive”

By |2020-04-02T10:02:35+00:00April 2nd, 2020|Company News|

Labour’s latest suggestion for the private rental sector - a rent holiday for tenants during the Coronavirus crisis - has been slammed as “extremely unhelpful and ver divisive.” Outgoing shadow Chancellor John McDonnell, who leaves the post this coming weekend when the new Labour leader is named, says: “At a time...

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Corona Latest: New tenant checks, Virtual staging, Global agency impact

By |2020-04-02T10:02:37+00:00April 2nd, 2020|Company News|

Hello and welcome to our latest update… we’re probably not yet getting used to these unusual times but we hope this daily service helps provide some guidance. If you have information you want to share with the industry about the current crisis, please contact [email protected] and we’ll pass on everything that’s appropriate. - First off...

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Short lets sector collapses with 70 per cent of rentals cancelled

By |2020-04-02T10:02:43+00:00April 2nd, 2020|Company News|

Airbnb and similar platforms have seen a collapse of business since the start of the Coronavirus crisis with some 70 per cent of bookings cancelled according to a trade body. The Short Term Accommodation Association has surveyed corporate members and since March 13 most companies have seen more than 70 per...

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New ESTAS tool allows agents to integrate reviews into websites

By |2020-04-02T10:02:40+00:00April 2nd, 2020|Company News|

The ESTAS has launched a new tool which it says will help agents get in pole position for when the market returns after the Coronavirus crisis finally ends. “The next few months are going to be tougher than ever but it’s also important that agencies keep their brands on the public’s...

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Merger of rival landlord groups happens at last

By |2020-04-02T10:02:39+00:00April 2nd, 2020|Company News|

The much delayed merger of the UK’s two landlord bodies has officially happened today. The National Residential Landlords Association has been formed by the merger of the National Landlords Association and Residential Landlords Association. The decision was taken last autumn with the belief it would happen by the start of this calendar...

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