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Industry reform “toothless” if rogue agents aren’t stopped – warning

By |2019-07-19T10:02:26+00:00July 19th, 2019|Property News|

There’s a warning this morning that the root-and-branch reform of the agency industry recommended by a government-backed working party will be “toothless” if it isn’t supported by effective resources. The warning comes from the National Landlords Association’s chief executive Richard Lambert, who was a member of the Regulation of Property Agents’...

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London Mayor told: Introduce “deluded” rent controls and you’ll lose votes

By |2019-07-19T10:02:27+00:00July 19th, 2019|Property News|

London Mayor Sadiq Khan has been told by a lettings industry body that he’ll lose votes if he introduces rent controls - and they won’t work anyway. The National Landlords Association has made the claim in response to the Mayor’s new blueprint for private renting, which is likely to become part of...

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Demand to move soars after Tenant Fees Act … but rents up, too

By |2019-07-19T10:02:30+00:00July 19th, 2019|Property News|

Data from Rightmove suggests that demand from tenants looking for a new home has soared seven per cent since the Tenants Fees Act has kicked in - and that’s seven times the normal increase seen at this time of year. The figures could suggest people are looking to move earlier than...

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Scrapping Section 21 will put vulnerable tenants most at risk – claim

By |2019-07-19T10:02:29+00:00July 19th, 2019|Property News|

Vulnerable tenants suffering a higher risk of rent arrears will be hit hardest by plans to change the way landlords can repossess properties, a trade body claims. The Residential Landlords Association has conducted what it calls one of the largest ever non-government surveys of letting agents and landlords and 84 per...

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Over £3,000 spent improving each buy to let property annually

By |2019-07-19T10:02:28+00:00July 19th, 2019|Property News|

Buy to let investors in the UK are spending nearly £4.7 billion a year on their rental properties, an average of £3,134 each. The figure comes from LV= General Insurance, which also warns that given the scale of spending by landlords, many are considering whether to stay in the sector as...

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High demand for rental homes following introduction of the tenant fee ban

By |2019-07-19T10:02:32+00:00July 19th, 2019|Property News|

There has been a significant rise in tenant demand in recent weeks after the change to tenant fees came in on 1st June, new figures show. Demand from tenants looking for a new place increased 7% between May and June, an uplift seven times bigger when compared to the previous four-year...

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Landlords set to become more selective if the government removes Section 21

By |2019-07-19T10:02:33+00:00July 19th, 2019|Property News|

Vulnerable tenants and those at higher risk of rent arrears are likely to suffer most as a result of the government’s plans to change the way landlords can repossess properties. That’s one of the main findings in new research published by the Residential Landlords Association (RLA) today based on a survey...

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Replacing leasehold with commonhold – government finally responds

By |2019-07-19T10:02:36+00:00July 19th, 2019|Property News|

While we wouldn’t be so bold as to say the government gets its daily fix of property news from the Today sites, can it be mere coincidence that just days after we published two stories (here and here) outlining the lack of government response to our readers’ questions on leasehold and commonhold,...

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Letting and managing agents in England face tougher regulation

By |2019-07-19T10:02:34+00:00July 19th, 2019|Property News|

Letting and managing agents in England face the prospect of having to abide by a new regulatory framework, in accordance with the recommendations of the Regulation of Property Agents Working Group featured in a new report released by the Ministry for Housing, Communities and Local Government (MHCLG). The report comes as part...

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Luxury development continues to sell well in Birmingham’s thriving creative quarter

By |2019-07-19T10:02:37+00:00July 19th, 2019|Property News|

Property firm LH1 London has sold more than 100 apartments at landmark Digbeth development ‘The Forge’ in the heart of Birmingham’s creative quarter. The works, which started back in May 2018, are continuing on-schedule and are set to be fully completed by April 2021. The Forge, once completed, will be a luxury...

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