News: November 2018

LETTINGS NEWS:- Renting now a lifestyle choice – it’s not a ‘second class’ option

23/11/18

Renting is sometimes considered a ‘second class’ option for those who can’t afford to buy. But new figures show many people now prefer renting to owning – good news for existing landlords or those thinking of buying their first buy to let property. Figures show: 73% of tenants enjoying the freedom of renting without mortgage worries; most young tenants rent for four years longer than originally expected;…

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Ambitious Exeter city centre plans aim to provide economic boost

23/11/18

The housing market often reflects the economy of the local area, so the latest proposals for Exeter’s city centre area will give a welcome shot in the arm for demand for homes in East Devon. Plans recently revealed by Exeter city council say: new shops, offices and a bus station near the John Lewis store; a four-star hotel, a new square and an additional budget hotel;- possibly…

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Exeter’s eateries excel at prestigious dining awards

09/11/18

There’s tasty news for everyone living in or near Exeter, or considering moving to the area in the near future. Topsham, the estuary town on Exeter’s southern fringe, has come out tops at a prestigious dining awards ceremony. The Pig and Pallet on Topsham Quay won Best Bistro award; The Salutation on Topsham’s Fore Street took the Best Fine Dining title; Exeter was described as “a growing…

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LETTINGS NEWS:- Rental sector clampdown shows need for experienced lettings agents

09/11/18

The government has given £2m extra to councils to monitor buy to let flats and houses. That’s good news for all but emphasises the need for lettings agents to help landlords through a maze of rules and regulations. The cash will: help fund spot checks on some rental accommodation; enforce the 300-plus pieces of legislation applying to the rental sector; monitor the condition of homes let out…

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SALES NEWS :- Government steps in to stop scandal of leasehold new-build homes

02/11/18

It looks like a happy ending to the controversy over some new houses which were being sold as leasehold. That meant that some buyers were faced with rapidly increasing annual bills for ground rent and service charges. The government says: Almost all new-build houses will be freehold instead of leasehold; Annual ground rents will be capped at just £10; The new rules will come into effect by…

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LETTINGS NEWS:- Renting now a preferred lifestyle, not a ‘second best’ option

02/11/18

For years renting was thought a ‘second best’ choice if you could not afford to buy. But that is changing, meaning good news for those considering purchasing a buy to let property as an investment. New figures from Santander show: a typical mortgage is £2,250 less a year than the average rent; yet 20% of households in England now privately rent; this is the highest total for…

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