Hot Topic: What is Universal Credit and how will it affect the market?


    When the Government announced reforms to the benefit system to a single payment called Universal Credit (UC) it had a basic premise, to be a benefit which helps the unemployed to become employed and to support the under-employed to become employed full time. In order to achieve this, the benefit is paid monthly like a wage, including help for housing costs in the same way a wage would. Furthermore it is administered by one ...READ MORE

  • Autumn Budget 2017: Stamp duty has been axed for first-time buyers but what does this mean?

    In the recent Autumn Budget 2017Chancellor Philip Hammond announced the axing of stamp duty charges for first-time buyers who purchase a property with immediate effect. What this means is that first-time buyers will not have to pay stamp duty on the first £300,000 of any home that costs up to £500,000. The Treasury estimates that this move will mean 80% of first-time buyers will not have to pay stamp duty altogether. A first-time buyer is considered to be so...READ MORE

    29 Nov 2017 | Comments
  • Spending by cash landlords at its highest level in a decade

    Over the last year, landlords buying in cash have spent more than at any time in the past decade, according to new figures. The number of landlords buying in cash has continued to rise with £21 billion worth of homes bought this way over the last year. This is £0.2 billion more than in 2016 and a 32% increase on 2007 when only £15.9 billion was spent. Many landlords have re-mortgaged to take equity out of homes they already own. 65% of all homes bought by a ...READ MORE

    15 Nov 2017 | Comments
  • How will the proposed letting agent fees ban impact the market?

    Following the announcement of proposals to ban tenant fees in the Queen’s speech earlier this year, we consider the impacts the planned legislation is likely to have on different parties in the buy to let market. Positively The Tenant’s Fees Bill has been proposed to promote a greater level of transparency in the housing market. Currently fees are paid by tenants to the letting agent for taking references, getting credit checks or investigating immigration s...READ MORE

    25 Oct 2017 | Comments
  • How to get on the shared ownership ladder in London

    A generation ago the majority of young professionals would have never seen shared ownership as of the few only ways to get on the property ladder. However a vast numbers of successful adults in their 20s and 30s today find themselves in the frustrating situation of being unable to buy a home outright. Latest research from Halifax shows that an average first-time buyer in London must spend more than £410,000 on their starter home, and find a deposit of £100,0...READ MORE

    4 Oct 2017 | Comments
  • Millennial pressures lead to rentals increase

    Millennials have become one of the most active groups in the UK rental market, as more of this generation turn to renting in favour of purchasing their own home. Figures published last year by PwC forecast that by 2025, more than half of those aged under 40 - predominantly those in the millennial age range - will be active in the rental market. It means this will be the largest group of renters in the UK. The financial pressure of building a large enough dep...READ MORE

    13 Sep 2017 | Comments
  • A cap on tenancy deposits could lead to more disputes says industry trade body

    As part of the Queen’s speech earlier this summer, the Government unveiled its draft Tenants’ Fee Bill which included details of issues such as a cap on holding deposits and security deposits and the impending ban on letting agent fees that tenants are charged. The proposal is that holding deposits are capped at no more than one week’s rent and the security deposit no more than one month’s rent down from the current level charged by landlords of up to two mo...READ MORE

    24 Aug 2017 | Comments
  • The rise of the suburbs: London has overtaken the rest of the country in sales of £1m homes

    More than half of properties purchased for over £1m will be sold outside London this year, according to research from mortgage broker Private Finance using Land Registry data. This will be the first time on record and is due to house prices surging in the last 6 years. The research found that between 2011 and 2016 in England and Wales there has been a 195% rise in the number of transactions of home worth more than £1m. It also represents the impact of the ri...READ MORE

    27 Jul 2017 | Comments
  • 5.8 million households expected to be renting privately by 2021

    It is expected that one in four households in the UK will be renting privately by the end of 2021. This is due to house prices accelerating past the growth of wages with both factors putting house ownership out of the reach of an increasing amount of people. 5 million households (21% of the total) are in private rented accommodation and 25% of these are families with children. This is predicted to rise to 5.79m (24%) over the next five years with owner occup...READ MORE

    14 Jun 2017 | Comments
  • Hot Topic: Sharp rise in landlords leaving the private renting sector

    Higher stamp duty costs and the phasing out of mortgage tax relief means there has been a significant increase in the number of landlords exiting the buy-to-let sector, according to a new study.  There was an average of four landlords selling properties per branch estate agents reported in April, up from three in February, new research from the Association of Residential Letting Agents (ARLA) revealed. November 2016, when a ban on letting agent fees was an...READ MORE

    10 May 2017 | Comments

Diary of a first-time Landlord

Tenancy up for renewal

26 April 2014

We’re coming to the end of our first year as landlords. The letting agent has sent us a routine, and carefully timed, letter asking if we wish to continue letting and whether they should make a formal offer to our current tenants. I feel we’ve been very fortunate in finding a family to live in Mum’s house, who appear to have...READ MORE

Heard it on the Grapevine

1,381 West London home development announced in former Nestle Factory

A major housing development was given the green light by Hillingdon Council at the end of 2017. The century...READ MORE

Your Stories

I found 25 people living in my 2 bedroom flat!

I am fortunate enough to own five or six properties across the UK, all of which have thrown up different challenges. But probably the most unusual story I have to tell...READ MORE



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