Materials Shortage Continues To Slow Building Across The Development Sector
Building materials shortage is an escalating problem in Britain, and it’s affecting development projects from large housing schemes to small development projects. Because of the shortages, it opens the gateway for rising material costs. It leaves new and seasoned developers scrambling for materials, feeling the pinch of delays, plus it affects every developer’s bottom line […]
Landlords missing out by ignoring portfolio consolidation
For plenty of landlords, 2021 has been a time of purchase activity. The possibility of saving thousands of pounds, courtesy of the stamp duty holiday, has tempted a significant number of professional investors to add to their portfolios. Research earlier this year by FJP investment suggested that as many as 44% of investors planned to […]
As stamp duty threshold reverts to £125,000 from tomorrow, estate agents call for review
From tomorrow, the stamp duty threshold will revert to its normal level of £1250,000, prompting real estate agents to call for a review of the “outdated” levels at which home buyers start paying stamp duty as a tax break ends. Propertymark said the stamp duty holiday has been a success and its normal thresholds should […]
Flipping ‘eck – tips for landlords wanting to flip properties
A specialist investment lender has set out tips for how landlords can succeed at flipping – purchasing homes and selling relatively quickly. The concept had fallen out of favour until recently, but the rapidly rising house prices of the past 15 months suggests it’s become popular again. Scott Hendry, auction finance director at specialist lender […]
Voids fall sharply – but there’s a warning they shouldn’t fall further
There’s been a sharp reduction in average void periods this year – a sign of how strong the rental market has been. Propertymark’s latest figures show a 30 per cent decrease in void times since the start of 2021. The organisation says that for much of the past five years the turn around time on […]
Housing market remains buoyant despite looming ending of government support
Confidence and resilience in the housing market are expected to remain high beyond the end of government support, as falling numbers of prospective homeowners cite the risk of job losses as a barrier to purchase a property. According to newly released data from the Building Societies Association quarterly Property Tracker survey, the housing market is […]
Second homes and Airbnb-style short lets blamed in new affordability report
A government report suggests that house prices are rising at three times the national rate in some rural and coastal areas – with more blame being laid on holiday homes and Airbnb-style short lets. The report published by the Office for National Statistics has highlighted steep house price increases in tourist hotspots around the UK […]
Preparing your home for sale – how to make a good impression
It might be a sellers’ market but getting your house in tip top condition ready for the estate agent listing and viewings is still essential. Here’s how to prepare your home and ensure it’s a head-turner in the process Demand for properties has spiralled over the last year, driven in part by the stamp duty […]
Landlords Victorious In Covid 19 Rent Arrears Battle
During the Covid-19 pandemic, the battle lines have been drawn over whether tenants of commercial premises remain responsible for paying rents despite enforced closure during lockdown. The judgment handed down today in London Trocadero (2015) LLP v PicturehouseCinemas Ltd, swings the pendulum in favour of the landlord in respect of a claim for lease rental […]
Eviction orders jump 43 per cent since end of pandemic protection but backlog causes delays
Eviction orders from landlords and letting agents have jumped 43 per cent rise between the end of the eviction ban on 1 June and 1 September, according to new data shared with City A.M. this afternoon. With the period of notice landlords must serve to tenants brought back to pre-pandemic timescales from 1 October, two […]