The London property sales market – July 2020

Since restrictions were lifted on the housing market in May, we’ve seen enquiry levels from buyers jump to above pre-Covid 19 levels. Currently, we’re receiving 7.5% more enquiries than in February. Well known property portals have also been reporting strong demand with Zoopla, for example, also reporting dramatic increases in enquiries in May, both for …

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Can my landlord evict me?

A. It may come as a surprise to know that landlords don’t always have to have a reason to evict tenants from their property. However, the grounds for a “no fault” eviction are pretty clear and come with certain safeguards for tenants. There are, of course, several factors that landlords can and will point to …

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Can letting agents charge fees?

A. No. Lettings agents in England and Wales are now banned from charging fees to tenants and in England deposits are capped at the equivalent of five weeks’ rent. The Tenant Fees Act 2019 aims to enable tenants to see exactly what fees will be involved when renting a new property, with no hidden costs, but it means landlords must now pay for services such as referencing and inventory checks …

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Can landlords increase rent?

A. In the case of fixed-term tenancies, landlords cannot increase rents unless there is a mutual agreement with the tenant. Alternatively, they must wait until the rental term expires which is why it is so important to have a professionally drawn up contract that lets both parties know where they stand, what their responsibilities are …

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Can I paint a rented house?

A. A simple answer would be no. Painting any part of a private rental property without the landlord’s permission would usually be classified as damage and landlords are within their rights to insist that the house be repainted before you move out or that deductions be made from your deposit. However, like many things property-related, there are levels of nuance and as always, communication …

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Can a landlord keep my deposit?

A. Unless there are deductions to be considered, you should be able to get your full deposit back from the landlord at the end of the tenancy. The reason why you may not get the full amount could be due to unpaid rent, damage to the property, missing inventory items, cleaning of the property and …

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Is it worth setting up a company for buy to let? Or should a landlord buy in their personal name?

Over the last few years there have been lots of tax changes affecting buy-to-let ownership including restrictions on mortgage relief and changes to the wear and tear allowance.  These have negatively affected many landlords’ incomes, prompting owners of rental properties to consider whether it would be more tax efficient to incorporate – ie set up …

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London Property webinars to keep you updated throughout Covid-19

While it seems good and proper to take a long hard look at the causes of the global Covid-19 disruption, investors tend to be forward thinkers and will already be putting in place their plans for a post-pandemic future. To this end, we at Benhams are quite happy to leave the debrief to government bodies …

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Why Property is Still a Strong Long-Term Investment

Safe as houses With the Bank of England still maintaining its flexible yet cautious approach to interest rates, the UK’s property sector remains a safe bet for property investors as it continues to benefit from support from both public and private sectors. Putting money into bricks and mortar has, over more than five decades, proven …

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The London sales market – March 2020

Buyers and sellers return to the market in force; coronavirus having virtually no effect on confidence We continue to see increasing confidence in the London property market, with quite dramatic upturns in both new valuations and the number of new buyers registering with us. We are extremely busy working with buyers and sellers at all …

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West London property explodes with new investment

With a thriving economy, good schools, sophisticated neighbourhoods that ooze with architectural splendour, there is a lot of store in the old term “West is best” which seems very fitting here.

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The London Sales Market – February 2020

There is no doubt that we are at last seeing a substantial upturn in the London property market, with a significant increase in both enquiries from buyers and in the amount of stock coming onto the market. Homebuyers had been seeking stability and the Conservative election created this, leading to immediate, increased confidence in the …

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