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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 […]
The post Brexit is not the only uncertainty in private rented sector appeared first on PropertyWire.
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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 […]
The post Concerns voiced about interest only mortgage borrowers struggling appeared first on PropertyWire.
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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 […]
The post Study reveals best asking price achieved rates in England and Wales appeared first on PropertyWire.
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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 […]
The post Association launched to lobby for regulation for room letting appeared first on PropertyWire.
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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 […]
The post Rents expected to stay steady in London’s prime lettings markets appeared first on PropertyWire.
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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 […]
The post Council landlord licensing and accreditation scheme could be unlawful appeared first on PropertyWire.
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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 […]
The post Paisley named as best place in UK for couple to save for a house deposit appeared first on PropertyWire.
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The political twists and turns of Brexit are causing activity to ebb and flow in the prime London property market, according to the latest residential review report. The total potential spend by buyers registered in prime central and prime outer London markets is £51.5 billion, according to the report from real estate firm Knight Frank. […]
The post Brexit and political uncertainty still affecting London prime property markets appeared first on PropertyWire.
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The two-up, two-down house, which used to be a staple of the British housing market, is no longer popular with the number being built halved in the last 20 years, new research shows. Indeed, two bedroom houses now make up just 2% of new build houses for sale in some areas and 9% overall, according […]
The post Research reveals fewer two-up, two-down homes are being built appeared first on PropertyWire.
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Free market reforms are needed to increase the supply of homes for sale in the UK to help tackle the nation’s housing crisis, according to a new academic paper published by a right wing think tank. It calls for green belt land to be selectively re-classified where housing is most needed, for stamp duty and […]
The post Think tank calls for change to green belt and property tax to boost housing market appeared first on PropertyWire.
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