First-time buyers are a vanishing breed, according to two new surveys. According to one, nearly two-fifths (38%) of aspiring first-time buyers expect to be 40 or older when they buy their first home. And a further one in 12 believe they will never buy their own home. Research from property website Globrix, based on a […]
Read MoreInteresting article we came across from Rightmove Stubborn sellers refusing to drop prices and rigid mortgage lenders with a stranglehold on funds for buyers are paralysing the housing market, according top property portal Rightmove. The online property listing site claims property asking prices are rising with owners demanding a 3% increase from buyers in January […]
Read MoreA landlord who failed to safety check and look after gas appliances in a buy to let house rented to a tenant has to pay £1,400 fines and costs. Property investor Michael Smith was reported to the Health and Safety Executive (HSE) by his tenant for failing to provide a valid gas safety certificate. This […]
Read MoreAccording to the Institute for Fiscal Studies (IFS), three-quarters of a million people will see some of their earnings lifted into the 40p in the pound tax band come 6 April. The threshold at which workers start to pay the 40 per cent tax rate is to drop from £43,875 to £42,475 from that date. […]
Read MoreTHE LETTINGS MARKET Over the last decade there has been a permanent shift in attitude towards the private rented sector. Renting is no longer seen by tenants as a “halfway house” between selling and buying a home and home-searchers increasingly see renting as a long-term alternative to buying. In recent years, the Government has […]
Read MoreIf you do not want to personally manage your property when letting, you can use a third party to take responsibility. You can pay a letting agent to manage your property and become the main point of contact for tenants. This means they will handle repairs, rent issues and other problems. If you hire a […]
Read MoreWhat you should know about renting your property out part 2 Your responsibilities as a landlord include: repairs to the structure and exterior of the property repairs to heating and hot water installations repairs to sinks, baths and other sanitary installations safety of gas and electrical appliances that you supply fire safety of furniture and […]
Read MoreWhat you should know about renting your house out part 1 If you let your property, the tenancy will normally be an assured shorthold tenancy (AST). With an AST, you have guarantees and rights, for example: you can get your property back after six months provided any fixed-term agreement has ended and you have given […]
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