The Legal Responsibilities of a Landlord

There are legal responsibilities that must be adhered to if you would like to become a landlord. This brief article will outline these responsibilities, for those of you who are in this position as a check list and for those of you who are currently renting a property and believe that your landlord has breached or is breaching any of these responsibilities. In a world where house prices are rising rapidly, more and more people are turning to renting and letting as it is a more cost effective solution. It is partly because of the rising numbers of tenants now privately renting that the regulations have increased over the past few years.  You, as the landlord need to be confident that you are acting within the law. Most of this is fairly apparent and landlords do it automatically, but it’s good to know what the legal requirements are. Repairs The...
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A Little Look at House Prices

House prices are on a lot of people’s lips a lot of the time and so I thought that perhaps I could contribute by collating some recent news items from across the country. The gist of them all is that house prices are rising rather quickly across the UK and especially in large metropolitan areas like London. They’re great for the sellers, not so much for the buyers.
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A Concise Guide to Buying a High-End London Home

The high-end homes of London lie in some of the most picturesque and affluent areas of urban England. For prospective buyers, the choices are endless. To help you navigate your way through Londons high-end market, here are some top tips.
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The Benefits of Home Staging for Landlords

    Everyone knows that home staging is an invaluable tool for property sellers. Ensuring that your home looks clean, tidy and welcoming is a sure-fire way to attract the attention of potential buyers, and staging a home properly has been shown to increase the value of a property by up to 20%. However, property staging is not just a valuable tool for sellers. This process can also be enormously beneficial for landlords who are looking for new tenants and need some help in showing off the value of their properties. Attracting New Tenants To get prospective new tenants through the door, you will need to advertise your property. It’s a well-known fact that properties with bad photos, or no photos at all, are less likely to be looked at than others. The first benefit you will see from staging your rental property is that you will be able to take perfect pics of...
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CAPITAL CITIES - THE NEXT BIG THING IN OVERSEAS PROPERTY

Capital cities are the rising stars of luxury residential real estate, offering promising investment prospects for those investing in overseas property in 2014”, predicts Laura Henderson, editor of essential guide to luxury resort property, Abode2.com.
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Boris launches London Rental Standard and tells landlords to sign up

London Mayor Boris Johnson has published the final version of his London Rental Standard, which will mean a huge push of all landlords and agents towards voluntary accreditation.
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Rightmove May Price Index Infographic

Rightmove’s May House Price Index shows that for the fifth consecutive month the national average has risen just shy of a quarter of a million pounds at £249,841, surpassing the previous high set in June 2012. Their infographic provides a breakdown of how prices are performing across each region and property type in an easy to read pictorial view.
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Rightmove sees all green and Record Asking Prices

Rightmove.co.uks May 2013 House Price Index sees a full set of positive increases for both the month and years. This compliments the record average asking prices reported for the UK and London. Key Figures: National average asking price of £249,841 with a 2.1% monthly increase 5th month of rises means that we have a 9.1% increase so far in 2013 - the strongest start to a year since 2004 Surge in prices has been led by London, South East and East Anglia which all hit all-time highs London as passed the £500,000 milestone and now stands at £509,870 - more than twice as expensive as the national average Unsurprisingly the cause of this has been cheap money and more positive mood starting to release pent-up demand as evidenced by: Rightmove: “We’ve seen record activity – 1.25 billion pages in April, up over 20% on 2012” Surveyors: “We’re flat out carrying out...
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Building a home from scratch: where to start

For many people, the fulfilment of a dream is when the day arrives that they can finally afford a home of their own. Most people opt for an existing home, but building a home from scratch holds many benefits and should be given serious consideration. Firstly, it could work out significantly cheaper to build a home instead of buying an existing property. This would depend on the extent to which the owner wants to be involved in the building process. An owner-builder can realise large cost savings compared to someone who employs a building contractor to oversee the whole process. Secondly, building a home from scratch means that the home can be designed precisely according to the personal taste of the owners. No longer will there be problems such as the house having too few bedrooms or a lounge that is too small. All aspects are under the owner’s control...
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Interview with the Empty Homes Agency

  This is very interesting interview by PS Investor Services. With a UK property market considered to be at one of its relative lowest points for decades, the hunger for investors to build their portfolios is ever-apparent.   One potential acquisition strategy – that is often overlooked due to perceived misconceptions – is to look into properties that have been left empty by previous owners.  Please see an interview below with chief executive David Ireland of the Empty Homes Agency with whom we discussed current levels of empty properties in the UK; the effects of the recession on the situation; the housing deficit; the government’s response; what steps can be taken to investigate an empty home; seeking legal advice; available grants for renovating empty properties; getting advice from local authorities; the organisations’ campaign for council tax relief. 1) Can you explain what the essential role of the Empty Homes Agency is? Empty...
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Building Regulations

The practice around Building Regulations amongst lawyers is varied. For most alterations a local authority will only enforce a breach of Building Regulations within one year of completion of the development. However, after that period the local authority can still take proceedings for an indefinite period if the structure is dangerous and constitutes a public risk.
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Land Registry shows prices and sales volume down

The Land Registry House Price Index (HPI) for May 2011 shows a small fall of 0.4 % taking the average house prices in England and Wales to £161,823.
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