First time buyers lose money in fraud

Although this is not the first of its kind to have happened, quite sadly, this fraudulent act may not also be the last

Try before you buy

Usually, when a prospective buyer is looking to acquire a new home, a viewing is the traditional way of showcasing a property. As this doesn’t really take long, a cursory inspection is all that the buyer could get

UK tenants happy to maintain status

A survey done by Landdbay on a controlled group of 2,000 private renters across the country shows that only a quarter of the lot are interested in buying their own homes in the immediate future despite uncertainties in the economic and political situation.

Demand for more bungalows on the rise

The inadequate supply of single storey houses or bungalows is making it difficult for millions of British retirees to downsize from family homes.

Tory wins but whats in it for the market

It was the Conservative’s biggest victory since the days of Margaret Thatcher, winning 365 seats in the parliament, with the closest rival at 203.

No more gas boilers

With Greta Thunberg’s impassioned speech at the Climate Action Summit 2019 still resonating, Britain heeds the call to save the earth and fast forwards the banning of gas boilers in new homes that are to be built in the new year, five years ahead of its original schedule.

Agent cries foul over news article

National newspaper , The Express has earned the ire of a property agent over an article warning the public to be wary of “tricks” being pulled by estate agents.

Renting with pets

Renting out to people with pets have always been an issue for both tenants and landlords. Where in some cases, landlords would rather not enter a letting contract with pet owners, an outright refusal is unlawful and can cause legal repercussions. A landlord’s apprehension regarding the issue is not without merit. Pets that are left unattended can be a problem for the neighbors, and can cause extensive damage to furniture and fixtures which would require costly repairs and replacements.

Is the rising cost rumor mongering

Not too long ago, a legislation banning letting agents from charging tenants upfront fees was passed. Its purpose is to lessen the expenses a tenant encounters from the beginning and throughout the duration of a tenancy. Under the Act, tenants are able to see how much an advertised property is actually valued without any hidden cost. The landlord under the Act will be shouldering the upfront fees.

Right to Buy your home

The Right to Buy was a scheme initially introduced in 1980 where council and some housing association tenants were given the chance to buy their homes at a reduced price. The deductions depend on the type of property you want to buy and your length of stay. If you are a council tenant and have lived in the same house for three years, you can get a 35% discount off the purchase price.

House prices in the UK recover

According to the Halifax House Price Index, the prices of houses in the UK went up 2.1% in November as compared to last year, with prices at an average of £234,625, exceeding February’s £234,195, this year’s previous highest.

Software For Estate Agents

Software For Estate Agents Guide

Succeeding in Real Estate Investment

Money in real estate is one of the most preferred forms of investment because it’s safe and it can be very lucrative if done correctly.

Buying a house then watch out for lemons

Buying a home means making absolutely certain that the property is thoroughly checked from “top to bottom”, and every existing issue, present or future, properly addressed lest you end up buying a lemon of a house and spending thousands for repairs, if it can be repaired.

Number of 50 plus house sharers rise

The trend in house sharing in the UK is shifting as the number of people, beyond their 50’s, who find house sharing a more practical way to live, have increased, according to recent data from top room share platform, ideal flatmate.

Government fail to ease housing crisis

Members of parliament say that the government missed out on easing the housing crisis by failing to sell excess public land for social housing enough for 160,000 new affordable homes.

The Future of Housing

Prompting for real changes, the Labour Party’s manifesto outlines its policies and goals if voted this December 12th elections. Part of those changes include the private rented sector where the party promises to “take urgent action to protect private renters”

Reform Recommendations for Agents

The Ministry of Housing, Communities & Local Government has recently published the Regulation of Property Agents: working group report. Said report proposes for a new regulatory framework for licensing, training, and regulating which includes lettings and sales, auctioneers, international property agents, and online firms as part of the effort to improve professional standards in the industry.

Rise in fraudulent letting applications

There has been a rise in the number of fraudulent rental applications based on the latest research by lettings and estate agent, Benham and Reeves

Benefit freeze worsens housing crisis

The housing crisis in the United Kingdom worsens as prices for private rentals escalate, making it unaffordable for people who depend on local housing allowance (LHA) which is on hiatus due to the benefit freeze.

Rent Hikes from Fees Ban

Although the banning of letting fees brought a collective cheer among the tenant group, there was a lurking worry that the rent would shoulder the brunt. Well, turns out the fear was founded and sooner than everyone expected.

Is this a good time to be trading houses

Supposedly, the United Kingdom was to exit the European Union on the 31st of March, but an extension was granted to the 31st of October. However, the deadline was again moved to January 31, 2020.

Protecting against tenants

With recent developments seemingly to work in favor of the tenants, a horrific story of a landlord whose property is defiled beyond words is causing quite a stir.

To rent or to own now that is the question

When outweighing the pros and cons of buying or renting a home, there are things you might want to consider before deciding which one suits you best. There are advantages and disadvantages in both instances.

The UK housing crisis

Where there is in fact a housing crisis in the UK, the argument lies in the underlying causes and the proposed solutions. The popular belief that an inadequate supply of housing is the main cause of the housing crisis can probably be explained by the law of supply and demand. Basically, there is a shortage when the supply is lower than the demand.

Instant Property Purchase Secure Now

Trading real estate is no longer as tiresome as it was in the old days. Property auction website, Under The Hammer.com, a network working with top estate agencies across UK has launched “Secure Now,” in response to the growing demand to make property negotiations quicker, safer, and more explicit.

Safeguarding from cannabis farming

The illegal sale of cannabis is a £2.6 billion a year business in the UK and criminal elements have taken to growing the illegal substance indoors, in unsuspecting rental homes, especially those that are remotely located or ones out in the country. This could be a nasty business for property owners. Insurance firms say that a third of all malicious damage claims are from landlords. That and the fact that the property owner could be held accountable for allowing the property to be used in the cultivation, production, possession and supply of the illegal substance.

Abolishing Section 21 Notice

James Brokenshire, Housing Secretary of State declined propositions that rent controls could be introduced by the Conservatives. But, he remains firm to the abolition of the Section 21 Notice where landlords are able to evict their tenants even without cause.

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