The abolition of stamp duty for first-time buyers is not benefiting those who want to buy their first property in central London, as few properties are priced low enough to make the changes to stamp duty relevant. In the City of Westminster, there are currently only 18 properties on the market which would qualify for […]
Stamp duty changes almost irrelevant for first-time buyers in Westminster borough Read More »
London received more enquiries from property listings than any other region or city in the UK in 2017, making it the ‘top rental hotspot’ for this year. The strongest tenant demand was recorded in London, and this was followed by Birmingham, Bristol, Leeds and then Manchester. The data, collected by TheHouseShop, looks at tenant enquiries
London named as 2017’s ‘top rental hotspot’ Read More »
Brexit and stamp duty changes took their toll on the prime London property market in 2017, but in the City of Westminster and other central London boroughs property sales increased in the third quarter of last year. A report from LSL Acadata paints a more positive picture of the prime London market, with sales increasing
Property sales in City of Westminster borough see a boost Read More »
The introduction of Right to Rent checks in February 2016 will have made landlords in England more cautious about renting their properties to international students. But landlords shouldn’t be deterred from taking on international students, especially as they are usually very reliable tenants with guarantors. But if you have a property in the Westminster, Pimlico or central London area (a
How can a landlord appeal to international students? Read More »
We know that the introduction of new rules for landlords can be mighty confusing. As with other new sets of rules and regulations, the Right to Rent rules set out under the Immigration Act comprise many aspects you need to be aware of. The introduction of criminal penalties if you fail to comply with the new rules
Right to Rent: how to comply with the new rules Read More »
The government is pushing ahead with plans to add rent payment history to credit scores in a move that will benefit future first-time buyers and landlords. First announced in the Autumn Budget on 22nd November, the government plans to make sure that rent payment history is recognised in credit scores so that first-time buyers who have paid their rent
Government pushing ahead with plans to add rent payments to credit scores Read More »
Though Christmas seems to become more commercialised as each year passes, there’s always a little magic in the air as Christmas Day approaches. From the John Lewis Christmas advert, whose annual release has turned into a major media event, to the switching on of the seasonal street lights, it’s hard not to smile at all
Christmas in Pimlico and Westminster – what’s going on? Read More »
First-time buyers will no longer have to pay stamp duty when purchasing a property worth up to £300,000, in an announcement which largely defined the Autumn Budget. Chancellor of the Exchequer Philip Hammond made the announcement towards the end of his Budget speech, which also reached out to first-time buyers purchasing properties in more expensive
No more stamp duty for most first-time buyers Read More »
The UK’s first voluntary ‘mansion tax’ is being considered by Westminster City Council in a bid to raise revenue and potentially freeze council tax for other bands. The proposed mansion tax will apply to properties worth £10 million or more, and will give residents the option as to whether to contribute more or not. Westminster
Voluntary ‘mansion tax’ on Westminster properties worth £10million or more Read More »
Landlords seeking clarity on the new Minimum Energy Efficiency Standards (MEES) can now refer to full guidelines issued by the government. From 1st April 2018, landlords will not be able to let a property as part of a new tenancy if that property has an Energy Performance Certificate (EPC) rating of less than ‘E’. Recently it
Full guidance for landlords on new minimum energy efficiency standards Read More »
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