Category Archives: News

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Enabling council leasing for Hillingdon properties

If you own an investment property in the London Borough of Hillingdon and are in search of ways to use it productively while saving time on day to day management tasks, council leasing could be an excellent option for you. The process of letting a property through the local council makes life simpler for landlords, making it a great choice for those who have multiple properties or other business to deal with and want to save time. Continue reading

Ensuring landlords have their tax affairs in order

Just over two years ago, HMRC implemented their Let Property Campaign which was designed to help residential landlords organise their tax affairs and giving them an opportunity to voluntarily disclose tax on previously undeclared income. According to the latest emerging figures, it seems that the venture was a success, bringing in more than £50 million in unpaid tax from over 10,000 landlords. HMRC have launched several of these campaigns in the past targeted at various different sectors, but this has been one of the most effective. Continue reading

A rising demand for rented homes

New figures from the National Landlords Association (NLA) demonstrate that the demand for private rented homes remains strong. 40% of landlords across the UK have reported an increase in demand in their local areas, showing that there are plenty of opportunities for investors to attract tenants and make a healthy return on their investment through rent payments. Continue reading

Taking steps to reduce homelessness in Barnet

Earlier this month, there was a detailed discussion by Barnet Council’s Housing Committee on the topic of providing sufficient affordable housing in the borough over the next decade, reducing homelessness, and ensuring that tenants have access to high quality homes. The aim was to work out practical strategies to address these issues and to clarify their main housing priorities for the next few years. Continue reading

London’s financial revolution

London has replaced New York as the financial capital of the world, resulting in a boom in jobs and attracting more people to the city. This has in turn caused a stir in the property market, particularly in the Docklands, Canary Wharf and surrounding areas. Prices are growing in these areas because demand for corporate and residential properties is high. Investors are seeing this growth and reacting to it, searching for new development sites and opportunities. Continue reading

UK mortgage lending reaches new levels

The latest figures show that gross mortgage lending in the UK reached £20 billion in September this year, which is a 2% increase from the previous month and a 12% year on year rise. The report from the Council of Mortgage Lenders shows September to be the fourth consecutive month in which the market has seen a sharp improvement in year on year lending. Continue reading

Minimising the risks of subletting

Subletting is something that many people associate with cities in America, particularly New York, where rent control regulations are common. In broad terms, the practice of subletting sees a tenant lease a building they are renting to someone else, usually for a higher fee than they themselves pay. In most cases this takes place illegally, insofar as the legal owner of the property is unaware that it is happening. Whilst this happens most frequently in cities which have rent control to go with high levels of demand for property, it happens in many locations across the world. Although London does not have rent controls, there have been cases where tenants have been found to be subletting without the permission or knowledge of the owner. Continue reading