Building Safety Central Housing Group

Churchill House Development Plan Submitted

74 flats in buildings up to seven storeys high proposed on Windmill Road An application to build 74 new flats on the site of an industrial building on Windmill Road has been submitted to Hounslow Council. The proposal is to develop Churchill House, which is just to the south of St. Faith’s Church, into two blocks, one seven storey high with a roof terrace on top and another ranging up…

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Rents rising everywhere – except London

The UK’s average rent is now £984, showing a three per cent increase on last year according to HomeLet. But there’s a yawning gap between London and the rest of the country. Rents outside London are growing at the highest rate ever: when London is excluded, the UK’s average rent is £840, showing an increase of 6.2 per cent on last year. Ten of the 12 UK metropolitan regions monitored by…

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Agents’ anger that Budget didn’t offer cash help for rental sector

The Association of Residential Letting Agents says it’s disappointed the Budget failed to address the funding of the private rental sector. “Extending the increase to the Universal Credit Standard Allowance and the furlough scheme until September will help tenants plan ahead but much more is required to avoid a mounting crisis in the private rented sector” explains Timothy Douglas, policy and campaigns manager for Propertymark. He continues: “As the impact…

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London Room Rents Central Housing Group

The 10 top-selling London areas where first-time buyers are flocking this winter

Buyer demand is still high but some sellers are holding off until spring, sending these local London markets soaring. Almost two-thirds of London can be classified as being in a buoyant sellers’ market, despite the third national lockdown and slow easing of restrictions — as set out in the Prime Minister’s roadmap this week. According to new research exclusive to Homes & Property, 61 per cent of postcodes are in…

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Cash For Rental Sector Central Housing Group

London rental demand drops by up to 43 per cent, as students and Airbnb tourists stay away

While commuter belt interest has soared, London’s estate agents say that it is the halt in the international market that is as much to blame. Demand for rented properties in London has dropped by as much as 43 per cent in the last year while demand in the commuted belt soared, a new study shows – but the capital’s estate agents say that this is as much to do with changes to…

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Private Rent Controls Central Housing Group

Rent controls back on the agenda as local elections near

Rent controls are being discussed again as candidates prepare for May’s local elections. In London Green Party mayoral candidate Sian Berry – who is herself in her sixth rented apartment since moving to the capital 25 years ago – wants rent controls imposed if she proves victorious. Berry, who also favours ending Section 21 rights for landlords, says: “London needs a mayor who will be a real champion for renters,…

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Brentford Property Market Central Housing Group

Budget 2021: stamp duty holiday extension will mean ‘spring stampede’ of buyers, say agents

The tax break is expected to be extended until June in today’s Budget announcement. London estate agents today said they were braced for a spring stampede of homebuyers after the expected extension of the stamp duty holiday in today’s Budget. Chancellor Rishi Sunak is due to confirm that the temporary abolition of stamp duty on the first £500,000 of any home purchase will be rolled forward to the end of June. The property sector had warned of…

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Renters working from home: London’s stock makes it tough for tenants

A survey of private rental sectors in major European cities suggests London is one of the tougher locations for tenants working from home during the pandemic. International rental platform Spotahome analysed data on the rental market across 14 major European cities looking at which had the highest proportion of stock with a space suitable to work from home. The bad news for London’s tenants is that the capital rank with…

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Rental Arrears Central Housing Group

New Year surge in demand from prospective tenants

The number of new prospective tenants soared 27 per cent in the New Year according to figures released over the weekend from the Association of Residential Letting Agents. The increase was from 64 in December to an average 81 per agency branch in January. Year-on-year this is marginally lower than in January 2020 when the figure stood at 88 but is higher than January 2019 when the figure stood at…

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Pet owning tenants Central Housing Group

Pets in rental properties still on the agenda, insists MP

An MP who says no one should have to give up their pet to live in a rental property insists that his fight for a new law continues. Andrew Rosindell, Conservative MP for Romford, has introduced the Dogs and Domestic Animals Accommodation and Protection Bill in the House of Commons. The Bill urges a reform of rental laws allowing dogs and other animals to be kept in rented accommodation so…

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London Room Rents Central Housing Group

London property: West London postcodes where homes on sale for £398,000 and under

West London is often regarded as one of the most expensive places to live in the capital – but not in these postcodes. Buying property in London on a budget is no mean feat, especially since the average house price in the capital has now exceeded half a million pounds. Having a budget below £500,000 doesn’t have to mean you’re priced out of home ownership in the capital, though. Even in West…

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Private Rental Landlords Central Housing Group

Nearly 800,000 Homeowners Vulnerable to Repossession During the Pandemic

Almost 800,000 households could be vulnerable to repossession if they suffered a loss of income, a new think-tank report says. The Social Market Foundation analysed official data and found that of the 770,000 at risk of repossession, a quarter (26%) worked in retail or manufacturing, sectors badly hit by the pandemic. An independent SMF report funded by the Building Societies Association (BSA) reveals that the pandemic has reduced the savings…

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Landlords Security Central Housing Group

Homes Owned by Private Registered Providers Reaches 3 Million

The Regulator of Social Housing has published statistics about the social housing sector, including stock ownership and rents as at 31 March 2020. This is the first time that the RSH have produced local authority statistics, and combined statistics for local authority and private registered provider stock alongside the private registered provider statistics. Returns from registered providers of social housing show the sector as a whole had 4.4 million social housing…

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Private Rent Sectors Central Housing Group

Huge crackdown on letting agents failing to honour CMP laws

A clampdown on letting agents who fail to safeguard landlords’ and tenants’ money is now underway. A statement from the National Trading Standards Estate and Letting Agency Team says a crackdown is underway in London in particular. James Munro, head of the NTSELAT, says: “Our officers are providing advice and guidance to support this landmark enforcement initiative, helping to safeguard billions of pounds of consumers’ money. “The intelligence gathered from this…

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Affordable Homes Central Housing Group

Seven Storey Building Planned on Bollo Bridge Road

An application has been submitted to Ealing Council for a major development at the builders’ yard at the junction of Bollo Bridge Road and Acton Lane. The site is an irregular shaped plot between Bollo Bridge Road to the north, Acton Lane to the east, the underground to the south and the rear of properties in Ramsay Road to the west. The plan is to build a seven storey building with a…

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Compulsory Electrical Checks For Landlords

Agent Alert – New electrical check regulations kick in next week

The private rental sector has new electricity regulations taking effect next week, putting the emphasis on agents and landlords. The Electrical Safety Standards in the Private Rented Sector (England) Regulations 2020, require electrical installations in private rental properties to be inspected and tested – by a qualified electrician – every five years. Those who fail to comply, or fail to undertake necessary repairs, could face fines up to £30,000. On…

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Stamp duty break prompts surge in multi-property landlord deals

Some 60 per cent of multi-property landlords have expanded their portfolio since the introduction of the Stamp Duty Holiday last summer according to new research. This includes commercial property landlords as well as residential ones, with both categories looking increasingly outside of large cities for future investment. Research by Direct Line business insurance finds that 43 per cent of multi-property landlords have invested in properties outside major cities, with 82…

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House is let for £4,246 per night – and it’s gone to a 24 year old

A 24-year-old Chinese heiress has rented a property for what is said to be a record £1.55m a year. The heiress, who is described as being from a billionaire family, has paid an upfront £3.1m to secure the tenancy, which costs £130,000 a month. The property is a new build in Mayfair, called Culross House, constructed by developer K10 Group. The house, valued at £32m, recently featured in a Channel…

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Coronavirus Guidance Central Housing Group

Government tweaks Covid guidance for rental sector ahead of new rules

The government has revised its official guidance for the private rental sector and local authorities in the light of imminently-changing Coronavirus advice. The updates are not fundamental but reflect the fact that on March 29 – Monday – the ‘stay at home’ rule lapses, meaning the return of the ‘Rule of Six’ for outdoor gatherings. From Monday, either six people or two households will be allowed to meet outdoors, including in private…

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Do Ministers understand landlords are ‘backbone of the rental market’?

This question has been asked as new research shows the number of landlords within the private rented sector has dropped by 8% or approximately 200,000 since 2019. This reduction has been pinned on the additional stamp duty costs of entering the market and the reduction in mortgage interest relief, all of which have dampened demand for investment property. And the number of landlords may reduce further, says property firm Barrows…

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