A scarcity of lettings stock is supporting rental growth in the prime property market in London, but high levels of renewals resulted in fewer new lets in the second quarter of 2019. The LonRes prime London lettings index recorded a 2.3% rise in achieved rents in central London, a 1.4% increase in prime fringe, and […]
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Homes are selling fastest in Scotland with the nation replacing London as the fastest place for a seller to find a buyer for their home, new figures show. In 2014, it took 36 days in London on average to secure a buyer, but this rose to 60 days by last year while in Scotland the […]
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Landlords are being warned that new guidance from the Government on its Right to Rent scheme could lead to them breaking the law if they followed it. The document says that for nationals from Australia, Canada, Hong Kong, Japan, Singapore, South Korea and the United States, planning on staying in the UK for up to […]
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The number of tenants in the UK’s private rented sector experiencing rent rises increased to the highest figure on record in June, the latest figures from the lettings agent industry show. Some 55% of agents who are members of the Association of Residential Letting Agents (ARLA) reported landlords increasing rents, up 22% compared with May […]
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The majority of interest only borrowers hoping for a retirement interest only (RI0) loan to rescue them at the end of their mortgage term face disappointment, it is suggested. This is because they haven’t saved enough into their pension and so would struggle to meet the ongoing repayments in retirement, according to mutual life, pensions […]
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Home sellers are achieving 96% of asking price in some areas in England and Wales with research looking at postcodes revealing which locations receive more than the price advertised. Overall, across England and Wales, sellers are currently securing an average of 95.94% of asking price on their property, with just 0.8% of postcodes achieving the […]
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A new association has been launched to drive forward regulation and protection for people who rent out a room in their home and lodgers who rent the rooms. The Lodger Landlords Association (LLA) aims to ensure lodgers are afforded the same level of protection as other areas of the private rental sector, with non-compliance being […]
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An increase in supply and demand looks likely to keep rental values in the prime property markets in London in check during 2019, according to the latest analysis report. Overall, demand in the prime London lettings market strengthened notably over the first six months of the year, the London residential review from international real estate […]
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An English council is being warned that its landlord licensing and accreditation scheme is potentially unlawful. The Residential Landlords Association (RLA), which represents private sector landlords, has written to Coventry Council to oppose the scheme, and to argue that it could breach European law. In April the council updated its mandatory licensing scheme for landlords […]
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Paisley in Scotland is the best place in the UK for a couple buying a home to raise a deposit while renting, taking just three months to do so, new research has found. But couples renting in London will need an average of 22 years and two months to save for a deposit, according to […]
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