ARLA CALLS FOR END TO UPFRONT FEES

benjones News

From David Cox, Managing Director, ARLA   Yesterday I met with the Department for Communities and Local Government (DCLG) to provide them with the results from December’s members’ research into tenant fees along with a policy paper outlining ARLA’s view on how best to practically implement the proposed ban on tenant fees in England. The meeting, with the officials who are …

Stamp Duty take falls by up to £500m over the last 6 months

benjones News

  In the aftermath of the UK’s Brexit vote and following a steady stream of residential tax increases, just released statistics from HM Land Registry, analysed by London Central Portfolio (LCP), has shown an unprecedented decrease in top-end sales across England and Wales in the first half of this financial year, which has seen Government revenues from SDLT fall by …

NALS calls for CMA report into fees

benjones News

  A recent report by the Competition and Markets Authority (CMA) into legal services concluded that competition in legal services for individual consumers and small businesses is not working well. In particular, there is not enough transparency on price, quality and service to help those who need legal support choose the best option. https://www.gov.uk/government/news/cma-demands-greater-transparency-from-legal-service-providers NALS CEO, Isobel Thomson, said: “It’s …

Government reveals plan to ban ‘rogue landlords’ who fail to repair properties as buy-to-let crackdown continues

benjones News

  Landlords and agents who mistreat tenants could be banned from letting homes Government consultation follows tax crackdown on buy-to-let Ban on tenant fees charged by agents also being consulted on  The Government has revealed it will consult on plans to ban ‘rogue’ landlords and property agents who fail to provide tenants with a safe place to live. The proposals, …

NALS wants Competition and Market Authority to look at agents’ fees

benjones News

The National Approved Lettings Scheme says it wants the Competition and Markets Authority to step into the debate over lettings fees A statement from NALS yesterday evening said that the CMA’s report into competition in the provision of conveyancing – as reported on Estate Agent Today recently – commented on that industry’s alleged lack of transparency on price, quality and …

Landlords – this little mistake could cost you your home!

benjones News

From Cliff D’Arcy “There’s an old expression among landlords: “Better an empty house than a bad tenant.” In other words, it’s preferable to have a few months of voids (when no rent is coming in) than to install a problematic tenant into your property. Around 20 years ago, a friend of mine found out this valuable lesson the hard way. …

Yorkshire rolls out its buy-to-let range nationwide

benjones News

Yorkshire Building Society is to roll out its buy-to-let mortgages from today across the whole of England and Wales, after relaxing its criteria.The lender entered the buy-to-let market last August through its intermediary subsidiary, Accord Mortgages, but only in London and the South-East. Changes to its criteria include dropping the minimum required property value from £150,000 to £100,000 and reducing …

Property rental market softening, says ARLA

benjones News

An easing in the demand for rental property and a rise in the numbers of tenants struggling to meet their monthly rent payments signals that the rental market may be softening, new research suggests. According to the Association of Residential Letting Agents’ (ARLA)latest research, in Q4 2011 just over half (55%) of ARLA members reported more tenants than properties available. …