Tenant Fee Ban 2019: are you ready?
23rd November 2016… a date to remember for letting agents across England and Wales; the date the Tenant Fee Ban was first announced as part of the Autumn statement. Over 24 months later, the Tenant Fee Bill 2019 has finally come into place. However, (and scarily), many lettings agents and landlords don’t understand the potential impact the act will have. Donna Cheney, Head of Lettings, discusses the impact on the industry as well as tenants.
New legislation to abolish Section 21 evictions?
Yesterday, the UK Government announced plans to consult on new legislation to abolish Section 21 evictions – so called ‘no-fault’ evictions in England. This will effectively create open-ended tenancies, and lead to what the Government believe will be more effective means of getting their property back when they genuinely need to do so.
What are potential tenants in the North East really looking for?
Over past 12 months, we’ve seen our letting figures rise by 30%. The market is extremely healthy and with the North East thriving as a hub for investment, it can only get stronger. However, a strong market isn’t always the answer; in order to succeed in the property market, it’s vital that you listen to your tenants, keep on top of trends and most importantly, exceed expectations.
There’s a lot of information out there about what it takes to be a ‘good landlord’, however, this will differ from tenant to tenant. Of course, as letting agents, we make sure that all your affairs are in order, but not every landlord has a letting agent acting for them. Here are some tips…
We specialise in property lettings in Northumberland. Despite being such a rural county, there are many reasons to consider relocating to this beautiful part of the world…
Northumberland boasts over 30 miles of beautiful, unspoilt beaches; perfect for a long walk or simply admiring your surroundings. Day trips to coastal towns will never get tired with some of the best fish and chips in the country as well as boat trips designed for you to spot the local wildlife.
Spring Statement Prediction
It has been indicated that the Spring Statement will simply be limited to an economic update and a response to the latest forecasts.
We are not expecting property to play a large role in the Spring Statement, however, we are expecting an update on the property tax regime. In the Autumn Budget 2018, Hammond announced that Lettings Relief would be limited to properties where the owner is in shared occupancy with the tenant. Interestingly, Royal Institute of Chartered Surveyors (RICS) has suggested that the move is causing smaller landlords to exit the market. When reviewing our business data, we have seen no evidence of this, suggesting that this is not the case in the North East and that the economic update will further clarify our findings.