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National News October

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  • Mortgage News

    Mortgage News The scale of the mini-boom is made clear by the latest report from the Bank of England. According to them, in May there were just 9,300 mortgage approvals. In June, that number had risen to 39,900, then 66,000 in July and 85,000 in August. As a result of such high levels of demand, there are long delays in the processing of applications, a situation that has been further exacerbated by many lenders’ staff working from ho...

  • Lettings News October

    Rental news Covid has resulted in some testing times for landlords. With the government’s ban on evictions of non-paying tenants, many landlords have had to bear a heavy financial burden and the protective measures keep coming. Evictions were allowed to begin again on 21st of September but there are big backlogs at the courts. At more or less the same time, though, the rules for regaining possession changed. Now, if you want to sell t...

  • Making alterations to a leasehold property

    Making alterations to a leasehold property Most homeowners pay little attention to the finer details of the ownership and title of their properties. That's what solicitors are for. However, the chances are that if you bought a residential flat (and in some cases houses too), you may have a lease on it, which means you don’t technically own it. In our parts of London - Mayfair, Marylebone, Regent’s Park and Hyde Park, for exa...

  • House Prices in Westminster

    How is coronavirus affecting house prices in Westminster and surrounding areas?
    The UK property market has enjoyed a mini boom since reopening after the lockdown and the government’s stamp duty cut could result in more people moving home over the next few months.  What’s happening to the property market? Property markets across the UK have now reopened, meaning estate agents are conducting in-person house viewi...

  • Legislation 2020 – Are You A Landlord In Marylebone?

    Legislation 2020 – Are You A Landlord In Marylebone? Did you know during the course of the last 2 years, there have been 19 new legislative changes that effect Landlords and Letting Agents for tenancies in England and Wales, and the penalties and fines imposed for non-compliance have been on the rise.  How many of the below are you familiar with as a landlord?
    Civil Procedure (Amendment No. 4) (Coronavirus) Rules 2...

  • What's in a road name

    What’s in a road name?   We attach a surprising amount of value to the names of the roads we live in. 3% of us are willing to pay as much as £50,000 for a house with the right road name, according to a survey by property portal OnTheMarket. And what we want most of all is anything that sounds like it’s got some kind of regal connection, such as Royal, Palace, King, Queen or Crown, even more so if you live in some of Lon...

  • A guide to safe viewings

    With the housing market reopened, what are the rules for safe viewings? A group of the property industry’s main trade and government bodies have got together to formulate a guide to best practice. The full document covers many operational aspects, but we have extracted their recommendations for viewings for both buyers and sellers - see below. If. on the other hand, you want to read the full document click here.   When bookin...

  • Sales News - Stamp Duty Holiday

    Chancellor Rishi Sunak has just announced that, until 31st March of next year, you will not have to pay stamp duty on the first £500,000 of any house purchase. It means the average buyer will save £6,894.20 which should give a substantial boost to the housing market. It is likely to benefit the more expensive purchases rather than first time buyers, who don’t normally have to pay the tax. In our parts of London, Mayfair, Maryle...

  • Guide to property viewings

    Guide to property viewings - Tips & Tricks   While some house hunters still take an instinctive approach, it certainly pays off to be thorough during a property viewing to make sure you are absolutely sure the property is right for you and are fully aware of any wear and tear before you make an offer.   This tip guide lists everything you need to look for to make sure you get the most out of your property viewing.   Pr...

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