After last month’s blog about landlords being held responsible for immigration checks on their tenants, it would appear the Home Office would also like landlords to be drug enforcement agents! With over a million cannabis farms discovered in the past 2 years, the government has in no uncertain terms made
In May this year, Royal Assent was given to the Immigration Act 2014. The government is getting tougher on illegal immigration and part of this legislation uses landlords to do so. From October, if you rent a property or room in your house, you must ensure that the tenants have
The Association of Residential Lettings Agents (ARLA) supports the Department for Communities and Local Government (DCLG) ‘How to rent’ guide, launched today. The guide provides a helpful checklist for people who are looking for a house or flat to rent, offering guidance through every step of the lettings process. At
When the Bank of England held interest rates at 0.5% at the start of this month, it was widely expected. Later on in the month, the picture changed when the governor Mark Carney said in a speech just over a week later that a rate rise “could happen sooner than
SOURCE: NAEA Website As the housing market continues its recovery, the National Association of Estate Agents (NAEA) today reveals the home extensions most likely to add value to a property ahead of sale. Research conducted as a part of NAEA’s latest monthly housing market report revealed that almost half (49%)
London is booming. With such an increase in demand, we now hold regular open days on properties for sale and usually have an offer accepted the same day which exceeds our seller’s expectations. As well as being successful, these days have also been entertaining. On one open day in Beckton,
Gazumping may sound like an exotic African mammal, but unfortunately its true meaning is not so romantic. Gazumping is the act of a property seller taking a higher offer for their property from an outside party despite already having agreed a sale with another buyer for a lower amount. With
Losing out on a dream home can be a difficult experience, but there are steps that can be taken to maximise a buyer’s chances of concluding their next purchase successfully, according to the National Association of Estate Agents (NAEA). NAEA’s latest research reveals that there are, on average at a
Renting a property can be a daunting process, especially as demand for rental property continues to outstrip supply*. Market conditions in many areas mean prospective tenants need to be prepared and ready to make an offer as soon as they are happy, or face losing their dream property. Susan Fitz-Gibbon,
Following the Mortgage Market Review by the Financial Conduct Authority, the process of getting a mortgage is likely to get harder with potentially less money available to people to borrow. The new rules are designed to protect borrowers from taking on more debt than they can afford and lenders will
ARLA report shows reluctant landlords may become a thing of the past Association of Residential Letting Agents (ARLA) research reveals that the number of people letting out properties because they have been unable to sell has dropped to a record low. According to ARLA’s latest quarterly report, the percentage of
