Even with family help, first-time buyers need a £36,000 deposit

admin    Uncategorized     agents

First-time buyers in Britain still face a significant financial hurdle despite receiving help from family when it comes to saving for a deposit, research reveals.

The findings from estate agents Yopa found that deposit contributions from the ‘Bank of Mum and Dad and substantial

View Full Article: Even with family help, first-time buyers need a £36,000 deposit

Holiday let market feels the squeeze as bookings fall

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The staycation boom appears to be over, with holiday let owners across the UK reporting a sharp decline in bookings this year, the Observer reports.

The cost-of-living crisis, poor weather and a saturated market are being blamed for the slump.

View Full Article: Holiday let market feels the squeeze as bookings fall

Sadiq Khan pledges to build 6,000 ‘affordable’ homes and bring in rent controls

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London’s mayor, Sadiq Khan, says he is the ‘renter’s champion’ and is committing to building 6,000 ‘affordable’ homes by 2030 with rents tied to the earnings of key workers.

Mr Khan was speaking at the launch of his third mayoral bid and will use powers he has already to cap the rent for these homes at one-third of the average wage of key workers.

View Full Article: Sadiq Khan pledges to build 6,000 ‘affordable’ homes and bring in rent controls

Freeholder asking leasholder to pay for repairs on his side of the building?

admin    Uncategorized     agents

Hi, apologies if this is a dumb question but my wife is the leaseholder on one of the fout flats in a converted double fronted terraced property.

The freeholder also owns one of the other three flats. The frontal layout of the building has a central door with two flats on either side of the door (1 flat upstairs and one downstairs –

View Full Article: Freeholder asking leasholder to pay for repairs on his side of the building?

Renters are spending nearly 40% of their wages on rent

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The average UK tenant is spending nearly 38.3% of their monthly income on rent which means many will be teetering on the edge of affordability, research reveals.

Financial experts generally advise keeping the rent proportion of income below 40%.

View Full Article: Renters are spending nearly 40% of their wages on rent

The Renters (Reform) Bill doesn’t need tweaking – it needs sinking

admin    Uncategorized     agents

News that the Government is tweaking the Renters (Reform) Bill has been welcomed by landlords everywhere, not so much by the usual suspects, but this awful legislation really needs sinking.

The proposed changes, including the abolition of section 21 ‘no-fault’

View Full Article: The Renters (Reform) Bill doesn’t need tweaking – it needs sinking

UK house price growth slows after five months of rises

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UK house prices continued to rise year-on-year in March, although the pace of growth slowed compared to the previous month, Halifax reveals.

Its house price index shows that annual property price growth came in at 0.3%

View Full Article: UK house price growth slows after five months of rises

BTL landlords are shrinking portfolios despite rising rents

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Buy to let investors in England and Wales are reducing the size of their portfolios, despite healthy rental income growth, research reveals.

According to Open Property Group, which analysed data on portfolio sizes and profitability, the average investor now holds 8.5 properties

View Full Article: BTL landlords are shrinking portfolios despite rising rents

Right to extend lease declined due to Land Registry delay. Is it legal?

admin    Uncategorized     agents

Hello, Although I have bought the right to immediately extend my lease (Sec 42 by Vendor and Deed Of Assignment to me), the freeholder declines to respond on grounds that my title is not yet on the Land Register. I feel quite confident that this is wrong and he has to respond by the 2 month deadline or risk enforcement

View Full Article: Right to extend lease declined due to Land Registry delay. Is it legal?

Warning: Are landlords being encouraged to sell too early?

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By now you’ve probably heard of Landlord Sales Agency, and our articles that suggest the market is in favour of landlords selling. But is this a genuine concern or is it another strategy designed to get landlords to ‘sell for less’?

View Full Article: Warning: Are landlords being encouraged to sell too early?