North West property investment returns to pre-recession levels

The North West has been recognised as one of the most promising areas of the UK for property investment, coming second only to London. Research has found that the North West is the only region outside London that has already surpassed the 2013 investment level of £1.8bn. North West England has reached volumes of £2.3bn…

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Right-to-rent legislation to come into effect

From 1st December 2014 the Right-to-Rent legislation is to come into effect. The legislation requires that landlords check their tenants have the right to rent in the UK. The scheme will first be rolled out in Wolverhampton, Dudley, Sandwell, Walsall and Birmingham before alternations, if needed, are made and the legislation is introduced around the…

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Bad landlords trigger tougher legislation plans

Council bosses are considering new rules for landlords after a report highlighted that 85 per cent of private renters think that more should be done to improve living standards. Camden Council’s report that was released last month found that tenants living in 8,585 HMOs in the area complained of black mould, defective toilets, faulty electric…

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Agency calls for more HMO legislation

A property agency and management firm says there should be more stringent regulations governing homes in multiple occupation with an accreditation scheme for landlords which would entitle them to licensing fee reductions where appropriate. Mish Liyanage, managing director of The Mistoria Group, says that currently landlords only need to apply for a HMO licence if…

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UK student property investment to exceed £2 billion this year

CBRE have announced that the UK’s total property investment is set to surpass last years total of £2 billion, with £1.5 billion already invested in the sector there is to be an expected surge over the next 3 months to the end of Q4. Property agent JLL has reported that £220 million worth of student property was…

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Lenders ripping off landlords?

With interest rates at an all time low, one would not expect there to be issues with lenders charging high fees/rates for landlords who are in a position to borrow for property investment. However there has been a sharp rise in the number of formal complaints from landlords and investors about the valuation they have…

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The North West has seen a 3.3% rise in rental prices

Rental rates around the UK have hit new records, the average rental price has now reached an all-time high of £761 per month according to LSL Property Services buy-to-let index. One of the highest increases was seen in the North West, a 3.3% annual rise in monthly rental prices occurred as yields now reach 7.1%,…

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£136.5 billion worth of housing equity to be unlocked in the next 5 years

New research from MGM advantage has found an increase in the number of the UK’s retired population downsizing their homes. 1.99 million retired people have already downsized their homes and a further 12% are looking to downsize over the next 5 years. These figures suggest that £136.5 billion of housing equity will be unlocked from property downsizing within…

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£40m to be injected into Liverpool’s university district

George Osborne is set to visit Liverpool today to discuss plans to inject almost £40 million into the city’s university district. A percentage of this figure will go towards a new science and technology development in the area. The University of Liverpool and Liverpool John Moores University are currently setting up a £15 million ‘Enterprise…

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