Auction House continues to break records with fifth record sales month in a row

Property auctioneer, Auction House, has reported a fifth consecutive month of record sales in 2018, selling more lots in every month since July than ever before in the eleven year history of the network. In November this year the group sold 156 lots from 219 offered – a success rate of 71% and raising a total of £14.7m. These figures take the cumulative total in 2018 to sales of 3,257 lots since the start of the year, raising over £400m (£400,721,903) in the process.…

How to stay on top of rent arrears

According to PayProp, rent arrears, which often feature in property repossession cases, can be kept under control with the effective use of communication and technology. By helping landlords cut their rent arrears, thereby limiting repossessions, letting agents may also help minimise void periods and improve housing stability in the private rental sector. Repossessions are taking longer Last year, the average time taken for a landlord to repossess a property when applying to the courts was 22 weeks (approximately five months), up from…

Are tenants simply paying their landlord’s mortgage?

The latest research from the National Landlords Association has revealed that 79% of landlords are only servicing the interest on their mortgages, not paying down their loans, as they contend with rising costs. This statistic has prompted the NLA to examine the narrative that tenants are just paying off their landlord’s mortgage. In a discussion paper launched in London last night, the NLA and PricedOut, the campaign for affordable housing, looked at both sides of the argument. The NLA holds that there are…

Six of the best: Top investment hotspots for 2019

2018 was an eventful year for the UK’s property market, with changes to stamp duty land tax and proposed changes for overseas investors, along with the impending exit from the EU. However there is no doubt that the market as a whole proved resilient, continuing to grow and maintaining its reputation as one of the most stable property markets in the world. Looking to 2019, investors looking to make the most of the opportunities presented by UK property will do well to start…

RLA warns of new risk to landlords

New rules to protect rent paid by tenants to letting agents will fail to provide adequate protection for landlords, the Residential Landlords Association has warned. From April next year, all letting agents in England will need to be members of a Government approved Client Money Protection (CMP) Scheme. These will protect the rental money that a tenant pays to a letting agent to pass onto their landlord in situations such as the agent ceasing trading. Details of the policy provided by the Government…

What were the main factors driving the lettings market in 2018?

Earlier this year, new research from Santander Mortgages found that owning a home is now cheaper than renting in every part of the UK, with tenants able to make annual savings of £2,268 by buying. Despite this, the desire to rent has grown substantially throughout 2018, with more buyers than ever before taking up tenancies due to a desire to rent rather than being unable to buy. With 62% of Jackson-Stops lettings branches reporting a rise in rental applications throughout the year, the…

you can U-turn if you want to. The CJEU judgment in Wightman

Professor Steve Peers, University of Essex Today’s Full Court judgment in the Wightman case confirms that the UK can unilaterally withdraw its notification that it intends to leave the EU, on the most generous possible terms. It broadly follows last week’s non-binding opinion from an Advocate-General, discussed here. (See also the discussion here of the national court background to the proceedings, and the discussion here of the arguments for and against unilateral revocability. The EU courts have also ruled on a challenge to the withdrawal agreement negotiations in Shindler, and on the UK’s current status as…

Ways To Obtain A Cheap Divorce

With the economy on a steady decline, many families are being encumbered by the stress that comes with lack of finances. Many families are experiencing the turmoil of going through a divorce. Many people think that getting a divorce is impossible due to them being expensive in nature, however, there are several ways to minimize both the stress and the expense that companies divorce. MEDIATION Mediation may be a wise alternative to hiring attorneys for dissolution of marriage. The use of a mediator can significantly reduce divorce cost. A mediator…

The Threat to Your Foreign Real Estate

Life is good – mostly. You’ve got permanent legal residence, a lovely home and significant investments in your name in foreign real estate, far from Uncle Sam’s greedy grasp. Your dear spouse – your second, after your first passed away some years ago – shares your passions: home, hearth, hobbies and the rest. The two of you are enjoying your twilight years in the peace that comes with thoughtful foresight and planning. Or so you thought. The one dark spot in your life is a wayward child from your first…

Skunk Cannabis – UK Parents Concerned As Super Strength Weed Addicts More British Teenagers

Skunk Cannabis – It is here and it is making its presence felt across the spectrum of society. Poor or wealthy, educated or illiterate, working class mum or high society darling – there is no hiding place from this high power version of the 'fun relaxation' drug we all once knew as marijuana. In my practice as a Cannabis Cessation Specialist I witness the unseen side of Skunk on a daily basis – and the trend looks set to continue. So what can you do as a concerned parent when…