M & M INCREASE THEIR MARKET SHARE

Latest statistics prepared by Rightmove show that M & M Lettings have increased their market share of Lets Agreed from 43.2% to 48.4% from September 2018 to September 2019. To put this further into perspective in the context of market share - M & M agreed lets of 237 properties, with the agent with the [...]

By | 2019-09-25T15:52:16+00:00 September 25th, 2019|Categories: Landlord, Lettings, Tenants|0 Comments

Labour report calls for a stop on renters paying Council Tax

A Labour-commissioned report calls on the party to make radical change to the housing market if it wins power. The report proposes to replace the Council Tax with a “progressive property tax” that would see landlords forking the bill. One of the authors of the report, George Monbiot, stated that since 1995 land values have [...]

By | 2019-07-19T15:20:14+00:00 July 19th, 2019|Categories: Buying, Landlord, Lettings, Sales, Selling|0 Comments

Demand for clear information on new Deposit Cap legislation

In April, the UK’s largest tenancy deposit protection scheme (by the value of deposits protected) launched DepositCap.com, an online resource to provide information to those who will be affected by the new legislation, and it has already seen over 17,000 unique visits. The resource centre offers examples of how the Tenant Fees Ban could affect [...]

By | 2019-07-19T15:16:32+00:00 July 19th, 2019|Categories: Landlord, Regulations|0 Comments

Landlord confidence key to possession reforms

Section 21 repossessions should be retained in the private rented sector unless and until a new system is in place that provides landlords with the same level of confidence about repossessing properties in legitimate circumstances. Groups representing landlords and letting agents forming a ‘Fair Possessions Coalition’ have united in warning that plans to abolish Section [...]

By | 2019-07-19T15:13:40+00:00 July 19th, 2019|Categories: Landlord, Lettings, Regulations|0 Comments

Regulation of Property Agents Working Group (R0PA) report to Government

The Ministry for Housing, Communities and Local Government (MHCLG) has released a report on the recommendations of the Regulation of Property Agents Working Group (RoPA) proposing a new regulatory framework to cover estate agents across the UK and letting and managing agents in England only. The report comes as part of work to raise professional [...]

By | 2019-07-19T15:10:26+00:00 July 19th, 2019|Categories: Lettings, Regulations, Sales|0 Comments

Government consult on extending AML rules to lettings

The Government have launched a consultation on extending the anti-money laundering rules to cover letting agents as set out in the Fifth Money Laundering Directive (5MLD). Under 5MLD, the scope of obliged entities within the property sector is expanded to include the letting agency sector for high value transactions with a monthly rent of 10,000 Euros or [...]

By | 2019-04-24T17:19:28+00:00 April 24th, 2019|Categories: Landlord, Lettings, Regulations, Tenants|0 Comments

Government plans to abolish Section 21

The UK Government has 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. Under the [...]

By | 2019-04-24T17:15:37+00:00 April 24th, 2019|Categories: Landlord, Lettings, Regulations, Tenants|0 Comments

70 LETS in 73 DAYS!!!

M & M Lettings Team are proud to announce their latest statistics for the current year. They have let 70 houses in 73 working days, of which 20 properties were for new Landlords. Rightmove stats show that M & M have 48% of the market share since 1 January 2019. This is testament to the hard [...]

By | 2019-03-27T13:08:46+00:00 March 27th, 2019|Categories: Landlord, Lettings|0 Comments

Can 3% stamp duty surcharge be challenged after tribunal ruling?

It’s being suggested that a recent tax tribunal verdict might just open the way to challenges to the three per cent stamp duty surcharge levied on additional homes. Commercial Trust mortgages has analysed a recent tribunal and the ruling coming from it. A couple purchased a derelict bungalow in Weston-super-Mare, which was at the time uninhabitable. [...]

By | 2019-03-26T12:39:36+00:00 March 26th, 2019|Categories: Buying, Landlord, Lettings, Sales|0 Comments