Not all doom and gloom – Rightmove visits up 5%

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Rightmove have reported a small increase of 0.4% in the price of properties coming onto the market in January 2019 compared to a 1.4% drop in December. There was also a significant 5% rise in the number of searches for property on the website this month so far with an average of around 4.5m visits per day.

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Coventry Selective Licensing being rushed through?

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Please see below email I have received from Coventry City Council regarding a Selective Licensing scheme (not that selective) which is being rushed through with very little publicity to date.  Some of the facts and figures used to justify the scheme do not at first glance at least ring true!

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Section24 and SDLT hitting tenants – RLA

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Data released by the Royal Institution of Chartered Surveyors, click here, warns that whilst demand for rented housing from tenants “held more or less stead for the third month running�, the number of landlord instructions “declined once again

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Will you pay tax on your finance costs this year?

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If you are due to pay tax on your finance costs by 31st January 2019 I have some very bad news for you, and some potentially very good news.

I will begin with the bad news.

Unless you make some changes

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Make Landlording Great Again

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Eddie Hooker, CEO of award winning Hamilton Fraser Total Landlord Insurance and Paul Shamplina, Founder of Landlord Action and Brand Ambassador at Hamilton Fraser, are back for a new year property podcast. The podcast is part of a series and features episodes offering practical tips for landlords and letting agents on how to better manage the renting process and navigate the property industry.

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Social landlord generates £2bn for Scottish economy

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So they are building Social Housing somewhere in the country.

The complete transformation of social housing in Scotland’s largest city under Glasgow Housing Association (GHA) has boosted the Scottish economy by £2 billion and supported thousands of jobs

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Selling property without paying CGT

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Two scenarios regularly pitched to me during tax planning consultations are:-

1) We want to sell some of our properties which are low yielding and replace them with higher yielding properties.

2) We have been considering selling some of our properties and using the net sale proceeds to pay down other mortgages to improve the overall gearing in our business

You can probably guess the question that follows these statements!

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Evicting an intermitant paying tenant now on SPT?

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I’m a newbie to the letting game and would welcome advice from some seasoned members. I have a tenant who has run up non payment of rent to the tune of over a £1200.

She was a no problem for 6 months of her short hold tenancy agreement

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Freezing housing market looking negative or flat – RICS

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The UK housing market ended 2018 on a weak note with uncertainty still biting, alongside continuing lack of stock and affordability issues, according to the December 2018 UK Residential Market Survey. Key activity indicators continued to slip in December with sales volumes dwindling

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Nottingham to use data modelling to target ‘rogue’ landlords

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Nottingham council and its controversial selective licensing scheme, which our own Mick Roberts is battling, are to introduce a data modelling system targeting and prioritising unlicensed landlords to penalise.

With the chaotic, expensive, complicated, error ridden and heavy handed way selective licencing has been implemented in Nottingham any new system when the existing is far from developed is fraught with danger and concern for local landlords.

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