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Despite falling yields in the city 82% of Londoners think buy-to-let would be a good investment. Uncertainty due to Brexit (33%) and increased tax and stamp duty rates (38%) are the main reasons Londoners are put off investing. The research comes from Perrys Chartered Accountants. Donna McCreadie, a buy-to-let tax specialist at Perrys, said: “Buy-to-let […]
The post Londoners still have faith in buy-to-let appeared first on PropertyWire.
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Some letting agents appear to be breaching the Tenant Fees Act introduced in June 2019 by charging fees. An investigation from i detailed the case of Georgie Laming and Sorana Vieru, who were charged a £170 checkout fee when vacating their property, despite having renewed the contract after the ban took place. After Vieru pointed […]
The post Some letting agencies are wrongly charging tenants fees appeared first on PropertyWire.
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Vanderbilt Group has acquired eight sites between November and January across Surrey, Hampshire and West Sussex. The sites should deliver around 250 new properties, from town centre apartments qualifying for Help to Buy to larger family homes. Chris Chiles, managing director of Vanderbilt Group, said: “The Crayfern Homes acquisition has allowed us to secure more […]
The post Vanderbilt Group acquires eight sites in three months appeared first on PropertyWire.
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Paul Howells, CEO of Accumulate Capital The housing crisis has long been an issue on the policy agenda of successive governments. That’s why I find it surprising that there is still no plan in place to ensure that there are enough properties on the market to meet future demand. Most people seem to think the most […]
The post Development finance is the key to solving the housing crisis appeared first on PropertyWire.
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Legal & General has committed £21.6m to its partnership with Croydon Council to provide homes for families on the waiting list in the borough. The partnership will bring 250 houses and apartments back into use for families currently residing in emergency accommodation. The announcement follows the establishment of the partnership last year, bringing Legal & […]
The post L&G to help provide 250 homes for Croydon families appeared first on PropertyWire.
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Four Scottish commercial property advisers have launched Lismore, a real estate investment and development advisory firm in Edinburgh. The firm will cover sales and acquisitions, development fundings and joint ventures, across all property sectors. The firm will be jointly owned by directors, Simon Cusiter, Colin Finlayson, Chris Macfarlane and Richard Mackie, who were previously directors […]
The post Investment and developer advisory firm launches in Edinburgh appeared first on PropertyWire.
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The cost of rental deposits have only risen by 5% in five years, less than price increases in other areas of life, research from lettings deposit replacement scheme Ome has found. In comparison the cost of pay TV has risen by 26%, the average house price is up 24%, while the cost of using a […]
The post Rental deposit costs dwarfed by other day-to-day expenses appeared first on PropertyWire.
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The Competition and Markets Authority is set to take action after finding potential mis-selling and unfair contract terms in the leasehold housing sector. The CMA has found evidence of people being misled about the cost of converting their leasehold to freehold – initially they were told it would only cost a small amount, but later […]
The post CMA finds evidence of serious issues in leasehold selling appeared first on PropertyWire.
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People selling buy-to-let properties or other property owners could clock up financial penalties due to ‘seismic’ changes to the capital gains tax payment rules, tax expert Imogen Lea (pictured) from Clarke Willmott LLP has warned. From April 6, anyone who sells a residential property giving rise to a capital gain on which CGT is payable, […]
The post Buy-to-let landlords face ‘seismic’ CGT tax change appeared first on PropertyWire.
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I’m pleased the government is taking action against the ridiculous practices surrounding leaseholds, following the Competition and Markets Authority findings. The CMA is now completing the legal work to launch direct enforcement action against companies like housebuilders that it believes have broken consumer protection law – and I’m looking for… This article is only available […]
The post Leasehold crackdown is music to my ears appeared first on PropertyWire.
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