The majority government result could pave the way for pent-up demand to be released in the spring market. Rightmove forecasts a 2% rise in price of property coming to market in 2020 as the majority government gives home movers a window of certainty for an active spring moving season. Rightmove’s property expert Miles Shipside said: “With much of the political …
A law firm has spoken out about two possible problems in the government’s much-publicised idea of considering Reservation Agreements as a weak of reducing fall-throughs in the house buying process. Trials are set to start in the first quarter of 2020 in two areas using different versions of reservation agreements – one option is for the buyer and seller both …
Estate agents, developers and tech chiefs hail Conservative landslide as good news for housing, although many demand action on Stamp Duty. The resounding Conservative victory over Labour and the Liberal Democrats in the General Election has been warmly welcomed by the property industry this morning, with many predicting a post-election ‘super bounce’. Economic and political uncertainty has stalked the housing …
Three lettings agencies have been expelled from TPO – in each case the agency failed to honour a payment as instructed by The Property Ombudsman. One is Let365co Ltd trading as 365 Residential; it owes a landlord £1,895 of a £3,800 award made by the Ombudsman. In this case, a landlord made a complaint in relation to shortcomings in service …
Northern cities may dominate the tables for house price growth but a different picture is emerging for the rental market. New analysis claims to have uncovered the best UK cities for a landlord’s buy-to-let investment. The research by Aldermore assesses and provides a score for the average rent per room per month, short-term yield for a new buy-to-let purchase, average …
House prices will fall across the UK by an average of 1% next year, Chestertons has forecast. It says that London prices will fall by 2%, and forecasts that regardless of the Brexit outcomes, both prices and sales will fall. The firm believes house prices will revive in 2021 and then enjoy moderate growth. It is forecasting cumulative growth of …
Estate agents come near the bottom of the latest ‘trusted’ professions poll. But there’s bad news for EYE – journalists are one place closer to the bottom. So, you probably shouldn’t trust a word we say … but the new MORI veracity poll shows politicians are the least trusted profession, coming bottom of the table. Estate agents are trusted by …
The National Landlords Association has hit out at both the Labour and Conservative manifestos. CEO Richard Lambert said that a Labour government would drive landlords from the market, while a new Tory administration would be on a “hell-bent” path to punishing law-abiding landlords. Labour wants to introduce an annual ‘MOT’ for landlords, rent controls linked to inflation, and a regulatory …
Labour has given shocking new details of its proposals for the private rental sector including £100.000 fines if properties are deemed substandard. The party says it will introduce a national ‘property MOT’. This would introduce a legal requirement for landlords to complete an independent annual inspection to ensure homes are up to scratch, with fines up to £100,000 and forced …
Boris Johnson has revealed several major shifts in government policy for the private rented sector and, as predicted, has put evictions at the centre of the General Election housing debate. In an article published by The Sun newspaper early this morning, Johnson has confirmed that the government will proceed with banning Section 21. “At the moment, renting a property can …