News: December 2016

LETTINGS NEWS: Tougher penalties if landlords miss immigration checks

05/12/16

There are new tougher penalties for landlords who fail to make the correct checks under Right To Rent – the name for the immigration procedures conducted on new tenants. Failing to make the checks, or allowing tenants to rent a property when they are not qualified to do so, now becomes a criminal offence. Landlords falling foul of the regulations face a fine of up to £3,000…

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SALES NEWS: 2017 may be the perfect year for a move – with expert help

05/12/16

Experts ranging from economic forecasters to business consultancies and estate agents say the housing market in 2017 is unlikely to see major price movements. A string of forecasts from organisations like Price Waterhouse Coopers and the Centre for Economics and Business Research suggest house prices will remain roughly static during the year, varying only one or two per cent up or down, including in the south west…

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LETTINGS NEWS: Details of letting agents’ fees ban still to be worked out

02/12/16

The government’s statement that letting agents’ fees on tenants will be banned has received huge publicity – but in fact the exact details are still to be decided. Firstly there will be a consultation process by the government, starting in the New Year and likely to last around two months; secondly, depending on how government responds to the consultation results, there may then be a new law…

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SALES NEWS: Consumer confidence in housing market still high

02/12/16

The economy, Brexit and even the election of US President-elect Donald Trump have all failed to dent public confidence in this country’s housing market according to a new survey. Over 1,500 households were questioned in the survey by polling company Ipsos-MORI for the financial information company Markit. A large majority in every region of the UK said they were confident that house prices would rise in the…

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