Landlords in the private rented sector are being urged to back a legal case to protect their rights to repossess properties. The call from the Residential Landlords Association (RLA) follows a recent court case in which a landlord’s attempt to regain their property was deemed invalid due to a dispute over a gas safety certificate. […]
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The Mayor of London, Sadiq Khan, is calling for an overhaul of the private rented sector to give tenants a better deal. He has published new analysis showing private renters are less likely to register to vote and therefore are missing the opportunity to have their voices heard at both a local and national level. […]
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The private rented sector (PRS) plays a vital role in the UK’s housing market, having doubled in numbers of households in the last 20 years but continued Government ‘interference’ is causing problems, according to a new report. It has resulted in landlords leaving the market, a leakage of stock into sale compounding issues that are […]
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Residential property sales have fallen considerably in the UK, with official data showing a fall of 8.5% month on month between June and July and a year on year decline of 12.4%. The data from HMRC shows that overall there were 86,630 residential sales and 9,760 non-residential sales in July 2019. Non-residential sales also fell, […]
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Home owners with fixed rate mortgages could cut costs by £5,895 and reduce their term by over three years by overpaying their loan, according to new research. But over half of home owners, some 56%, never overpay on their mortgage, and it means that they are spending thousands of pounds unnecessarily on their mortgage through […]
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The majority of fixed rate buy to let mortgage rates are continuing to fall, according to the latest tracker report from the industry. The biggest fall in monthly cost was for five year fixed rate buy to let mortgage offers for 50% of the value of a property, the data from Property Master’s August report […]
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Outdoor space for both leisure and practical purposes is the number one priority for UK house hunters, followed by parking space, according to a new study. The research, conducted by hard landscaping manufacturer Marshalls, asked 1,000 people for the most important features they look for when deciding on a new property, with gardens and off […]
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Scotland, Wales and Northern Ireland are all showing increases in the numbers of both first time buyer and home mover mortgages, but activity is not as strong in London, the latest regional finance figures show. There were 9,960 new first time buyer mortgages completed in London in the second quarter of 2019, up 1.2% compared […]
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Letting agents are being advised to have a back-up plan as a major UK bank has notified clients that it will be closing undesignated client accounts. The warning from lettings payment specialist PayProp comes after Lloyds Bank recently contacted numerous agents, asking them to open separate client accounts for all of their individual landlords. The […]
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Home owners in Britain looking to downsize are four times more likely to spend their extra cash getting their kids on the property ladder, rather than supporting them through their education, according to new research. A survey of 1,000 home owners aged 55 and over by full service estate agency Yopa found that property takes […]
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