Landlords are typically spending £12,000 refurbishing and this level of investment is improving the quality of homes in the private rented sector, new research has found. It means that the proportion of non-decent homes has fallen from 44% to 24.5% in the last decade with 70% of landlords who have refurbished property doing so to […]
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With the Labour Party conference dominated by infighting and Brexit, the current Government bogged down with similar issues, it is time to celebrate the good news. Despite all the upheaval, the nation’s property market is proving to be remarkably resilient. It is all too easy to be consumed by doom and gloom but it is […]
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A severe shortage of homes is forcing 130,000 families in England to squeeze into one bedroom flats, according to a new report. The research from the National Housing Federation, which represents housing associations in England, not-for-profit landlords to more than six million people, reveals that more than one in ten children in England are living […]
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The majority of the tenants in the UK’s private rented don’t want to buy a home, with only 42% of private tenants interested in getting on the ladder in the near future, according to new research. The study from buy to let lender Landbay delves into the psyche of 2,000 private renters in the UK, […]
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Equity release customers in the UK saw unprecedented levels of product choice and flexibility in the first six months of 2019 as a total of £1.85 billion in housing wealth was unlocked in the first half of the year, according to the latest industry report. In a sign that the industry continues to respond to […]
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Fraudulent applications on mortgages have increased by 5% in the first half of 2019 with research showing that 13% of British adults believe it is ‘reasonable’ to exaggerate income on a mortgage application. The study from Cifas, the UK’s leading fraud prevention service, also shows that there has been a 16% rise in those aged […]
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Three bedroom properties are selling faster so far this year than other types of home, taking an average of 122 on the market, followed by two bedrooms at 126 days. New research which takes data from the major property portals and analyses it with Land Registry figures looks at what is selling, for how much […]
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A landlord has become the first in England to be banned from the private rented sector after being found not to be a fit and property person to be licenced for an HMO. David Beattie from Telford has been ordered to pay back housing benefit paid to him by Telford and Wrekin Council for two […]
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The Ministry of Housing, Communities and Local Government (MHCLG) is to work in partnership with the Royal Town Planning Institute (RTPI) to update the England Enforcement Handbook. Funding for the new handbook is part of a £1.5 million Government package for the 2019/2020 financial year with the aim of helping local authorities deal with unauthorised […]
The post New move to help ensure local authorities have access to best planning practice advice appeared first on PropertyWire.
Homes put up for sale at an unrealistic price sell for £12,000 less than their listing price on average across England and Wales and remain longer on the market, new research suggests. Overvalued properties can remain on the market up to 58 days longer than their more accurately valued counterparts, rising to 60 days in […]
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