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As a regulated member of ARLA Propertymark I am delighted to report that last week the government announced measures to make Client Money Protection (CMP) mandatory for all letting agents across England. The announcement comes in response to ARLA Propertymark’s long running campaign to ensure that tenants and landlords receive greater protection. ARLA Propertymark has…
Q. My tenants have just vacated and once again I have the ever present problem that the cleaning has not been carried out to a high enough standard forcing me to have to pay for another clean given the new tenants are about to move in. What can I do to ensure that my future…
Q. I am in the process of buying a Leasehold property and my solicitor has just flagged up that the ground rent doubles every decade. I’m guessing in the short term this won’t cause much of an issue when selling on, but do you think it could potentially put buyers off in the future, I…
Q. Can you please tell me more about the ‘minimum level of energy efficiency’ Legislation that I hear is about to impact Landlords and the rental market imminently? A. Yes you are quite right, these changes will mean that from the 1st of April 2018 it will be unlawful to let or lease a residential…
Q. I recently inherited a lump sum and given the bank rates are still so low with little to no interest I believe that investing the money in property still seems like the most sensible choice, even though the property market isn’t in the best shape at the moment I think once it recovers I…
Q. I have recently had an offer accepted to purchase my first investment property which I am very excited about, but given I am buying cash I am in a bit of a quandary with respect to a survey. The property is not that old, its purpose built and was developed in the early sixties,…
As a regulated agent myself I am delighted to announce the launch of Propertymark. For over fifty years, ARLA (Association of residential lettings) and NAEA (Association of residential Sales) have represented the professional property sector to key audiences within the industry, media and to policy makers. Consumers however have had little awareness of either organisation.…
Q. I want to sell my investment property in the next year or so but the general consensus given its located on the Canary Wharf Estate seems to be to hang on until cross rail opens at the end of 2018. My worry is though that with all the new developments currently under construction mine…
Landlords are gearing up for the new tax changes due to be implemented from April following the chancellor’s decision in the 2015 Summer Budget to cut mortgage interest tax relief. The government will phase out higher rate tax relief on mortgage interest for buy-to-let properties. The maximum relief for higher-rate taxpayers will fall to 20%…
Q. I’m buying a live work unit but want it purely for residential use. My solicitor has asked that the vendor agree to initiating the change of use at the same time as we go through the buying process as this is the simplest way of doing this. However the seller is refusing to do…
