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Tuesday, September 26, 2017
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Build-to-Let: Grainger PLC is to acquire, subject to planning, a site for a private rented sector (PRS) build-to-rent development at Gore Street in Salford, near Spinningfields, Manchester. Grainger has identified Greater Manchester as a key marketplace its PRS investment strategy due...
Record Commercial Sales: London commercial property has hit an £llbn record so far this year, with the City of London seeing it’s strongest trading in a decade. Savills, the property agency and consultancy, has produced data which shows July turnover was...
Quick Justice: Stafford Borough Council is all set to give the go-ahead to using civil penalties* as a way to punish rogue landlords more quickly than taking them to court. The Residential Landlords’ Association (RLA) reports that at a recent council...
Letting Laws: There are over 145 legal rules and regulation affecting the residential lettings sector, but so many of them cause confusion or are not enforced. That’s one conclusion of a report produced for the Tenancy Deposit Scheme (TDS) by...
Home Sales: The latest figures from the Nationwide Building Society show that house prices began to slow down in August as further evidence of a wider cooling trend along with the economy as a whole. Nationwide reported that the annual fall...
Landlords and Tax: The revelation that almost 50% of landlords who had registered for the property licensing scheme in Newham - something all landlords there must do if they want to let property in the borough – had not registered...
The traditional bachelor pad could be a thing of the past for the working and professional young man according to figures just produced by the Halifax Building Society. What was once considered a “rite of passage” for young men of...
Ground Rents: The National Trust has told one of its tenants - an 87-year-old man - that his rent payments will go up from £148 to £15,000 per year, according to a recent report in The Times. The Trust has told...
Airbnb Lets: Large numbers of private rented properties in London are being let on a “holiday let” basis, many in contravention of the 90 day planning rule, using Airbnb to find “tenants”. The trend means fewer properties are available for...
Tenants from Hell: There’s been a lot of talk in the media recently about rogue landlords and how they house their tenants in appalling conditions, and landlords “raking in the money” for doing next to nothing. What we rarely hear...