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When it comes to buying a property for investment, I find most buy to let investors are conflicted. They want capital appreciation at the same rent as a strong yearly yield. Very rarely the 2 can be found together.
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Are you thinking of selling your home soon? Well good news! Rightmove have just released its annual figures to their shareholders and have reported the market is on the up!
Fuelled by renewed demand, The Capital has recorded the biggest annual jump in number of buyers sending enquiries to any region, and highest rate for price growth since 2016 as the covid restrictions end.
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The number of cohabiting couples (not married or in a civil-partnership) submitting joint mortgage applications in 2020 rose by 60% compared to 2019.
As house prices continue to rocket, buying a first home is more challenging than ever. Small wonder that many first-time buyers are choosing to buy with family or friends.
Buying a home with someone else means making legally-binding choices. There are options when structuring the joint ownership of a property. Making the wrong choice could lead to costly problems if you decide to separate, sell the property or remortgage.
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The Government guidance on the new Rental Mediation Service for landlords and tenants undergoing possession proceedings has been updated.
This service was piloted in February to provide support for landlords and tenants affected by the covid 19 pandemics. The purpose of the scheme is to avoid evictions due to rent arrears wherever possible and also to negate the need for face-to-face court hearings.
This service will be free to use for both landlords and tenants.
Under the initiative, landlords and tenants will work with a trained, neutral mediator, independent from HM Courts and Tribunals Service. The mediator will help to identify issues and will try to agree a suitable resolution.
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Breathing space for tenants
On the 4th May 2021 the Debt Respite Scheme (Breathing Space Moratorium and Mental Health Crisis Moratorium) (England and Wales) Regulations 2020 - which will be more commonly known as breathing space, came into effect.
This new piece of legislation includes debts accrued before or after 4th May 2021, enabling a person who is in debt to seek a temporary suspension of any action being taking against them.
It is paramount for landlords and professionals working in the property industry to have an understanding of this legislation, as the debts covered under the debt respite scheme include mortgage & rent arrears.