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SLC Power Up on PRS

Posted on 23/05/2016

SLC Solicitors have been working with PRS consultants Paul Belson (ex PRS Government Taskforce) and Richard Berridge (PRS expert and strategist) to continue their push in the PRS. Operating nationally SLC have developed a dedicated ‘first of its kind’ PRS team which has been advising institutions on their downstream business for the past two years. […]

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Mortgage Approvals Down in April

Posted on 16/05/2016

  A combination of Brexit, tougher taxation rules and economic uncertainty has had a substantial impact on house purchase approvals in April 2016. Seasonally adjusted figures from e.surv, one of the UK’s largest valuation providers, show that the total number of approvals in April was 57,512. Down 19.4% from the 71,357 loans granted in the […]

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Bank Of England Proposes Tougher Checks

Posted on 09/05/2016

The Bank of England announced last month that it plans to create tougher regulations for mortgage lenders when calculating mortgages for buy-to-let landlords. The reason for this is because one in five lenders are not carrying out the necessary checks, resulting in inappropriate lending. A consultation paper was released on 29th April 2016 and you […]

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HMO Licences

Posted on 26/04/2016

You may have to obtain a licence if you are a landlord with a property that is in multiple occupations. A property rented out by at least 3 people who are not from one ‘household’ (e.g. a family) that share facilities like the bathroom and kitchen; are known as a House of Multiple Occupation (HMO), […]

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Landlords Updated Forms & Court Fees

Posted on 21/04/2016

The Government has updated the Section 8 and Section 13 forms which apply to private letting in England. Civil court fees have also increased . Updated Forms These changes came into effect on Wednesday 6th April 2016; landlords must note these changes are separate to the changes that were made in April last year. Form […]

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Supply and Demand of the Rental Market

Posted on 19/04/2016

Rental Demand As housing demand and house prices grow, for many people the only option is to rent. The number of families privately renting homes has increased by one million in the last 10 years. This is good news for investors, although the Chancellors 3% SDLT surcharge which came in April this year means second […]

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2016: Housing and Property – Impacts of the UK budget

Posted on 13/04/2016

Last month Chancellor George Osbourne made a number of announcements in the 2016 budget will have an impact on the housing and property market: •​Additional Stamp duty As of 1st April 2016 there is a 3% levy on top of normal stamp duty rates if you  buy an additional property that is not intended to be your […]

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Build to Rent: Re-inventing the Wheel?

Posted on 08/04/2016

There’s a new way of investing in residential property and it’s called Build to Rent. Or, more popularly B2R.   After an elephantine gestation period, B2R is finally gaining some traction as the institutional investment ideal. With ideas imported from the US, where the Multi-Family model as evolved over the past 45 years, purpose built […]

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Tenant Arrears Up in March 2016

Posted on 29/03/2016

A survey of 20,000 properties in England and Wales by Your Move and Reeds Rains has shown an uptick in tenant arrears for March 2016. Whilst the overall increase is modest, up from 8.8% in February, to 9.1% in March, it does indicate a squeeze on tenant finances as rental levels continue to rise. Annual […]

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“An Insight to Generation Rent”

Posted on 24/03/2016

At the recent “PRS Forum” conference, large UK property management group LSL published a fascinating survey of opinions and preferences expressed by renters around the UK. More than 36,000 tenants were contacted. The PRS is still lacking some way behind the home-ownership market and commercial property sector when it comes to market data and transparency. […]

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