Government announces; section 21’s set to be axed for UK landlords.

The government has decided to take action and abolish Landlords ability to serve a section 21 notice. This has come in light of many claims from various tenant support groups, suggesting that 46% of tenants received a notice to leave the property within 6 months. Removal of the section 21 could cause landlords to leave the already struggling property market …

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Could a tax tribunal ruling mean BTL investors avoid 3% stamp duty surcharge?

Buy-to-let investors could soon fill the HMRC with stamp duty surcharge refund requests. This is following on from a potential precedent set at a recent tax tribunal that saw a couple acquire a neglected building and were able to refute the additional 3% stamp duty charge on purchases of second homes. It was revealed at the tribunal, held in Bristol, …

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The UK’s housing shortage.

It is no secret that the UK is facing a massive housing shortage. The recent North West Future of Housing conference, hosted by The insider, provided the perfect opportunity to discuss future housing provision in our region. With a major strategic plan in place for the North West, there is plenty of good news around housing, particularly in the cities, …

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Key take-aways from the Resi Investment Conference 2018

Today I have been talking about the rental market at this year’s sold out National Residential Investment Conference, held each year in London. Among other topics, in the spotlight during the course of the day was JLL’s recent research on the institutional (non-Housing Association) sector. Here are some key facts and figures. Having analysed seven residential developments comprising 911 units …

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How often do you carry out your inspections?

This weeks blog is all about inspections and how often they should be carried out. At JP Hay, we’ll first visit the property at the initial six-week period when a new tenant has moved in. We’ll then continue to visit the property every 12 weeks. Now, if you’re doing it yourself, you should keep it up as often as I’ve …

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Providing a ‘how to rent guide’

Now, landlords may not know this actual piece of news, but at the start of every tenancy you should always provide your new tenant with a How to Rent Guide. You can find the How to Rent Guide on the internet. Always ensure that you get evidence from them to state that they’ve received it. The reason that you need …

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Legislation in relation to staff training and qualifications

Now you may or may not know that the government is planning to bring it in as legislation that all people who work in the lettings industry must have a qualification. I personally think that this is a great idea and at JP Hay we’re all trained in the National Federation of Property Professionals Standards and my team are expected …

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A property perspective on the budget

Stamp duty abolished for some first time buyers – and rates relief for retail. Yesterday’s Budget speech didn’t include many dramatic new measures to boost the property sector but we certainly welcome the Chancellor’s first time buyers’ stamp duty abolition on shared ownership homes valued at up to 500,000. This is a good way to get normal working families into …

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How your property should look online

As we all know in this day and age, many people do lots and lots of things online, as opposed to back in the day when they used to go strolling around the estate agents’ looking for properties to rent or to buy. Now it’s all predominantly done by their mobile phone, or it’s done at home when they’re on …

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An issue with AirBnB

This week’s blog is about Airbnb, and an issue that we’ve recently had with one of our own landlords. So, what happened was a tenant took the property, as normal, they sent through all the checks, they signed a tenancy agreement, and then ultimately, what they’ve been doing since then is providing the apartment as an Airbnb apartment. This has …

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