Latest News

Read the latest property insights and news from the team at M&M Properties.

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

EMPLOYEE OF THE QUARTER AWARD

Mike & Steve are pleased to announce that Tim Cornes is the winner of this Quarter's Employee of the Quarter – Well done Tim.  Brexit is casting a large shadow over the UK housing market and this is being felt by all in the market. Tim has been in the industry for over 30 years, and despite [...]

By | 2019-04-08T12:03:28+00:00 April 8th, 2019|Categories: Team|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

NAEA FEBRUARY HOUSING MARKET REPORT

FIRST-TIME BUYERS TAKE ADVANTAGE OF CAUTIOUS HOUSING MARKET Key Findings Demand for housing fell to a six-year low Sales to first-time buyers (FTBs) hit a seven-month high Demand for housing The number of house hunters registered per estate agent branch fell by 15 per cent in February, from 297 in January, to 252 This is [...]

By | 2019-03-25T12:27:13+00:00 March 25th, 2019|Categories: Buying, Sales, Selling|0 Comments

Labour calls for indefinite tenancies

Labour’s Shadow Housing Secretary John Healey MP has pledged that the next Labour Government will protect private renters in England from eviction, by introducing new ‘indefinite’ tenancies. This latest proposal marks a change from Labour's pledge at the 2017 general election, where it committed to making private tenancies three years by default. The Party claims [...]

By | 2019-03-25T12:16:44+00:00 March 25th, 2019|Categories: Landlord, Lettings, Tenants|0 Comments

Continue to carry out Right to Rent checks

In a letter from Rt Hon Caroline Nokes MP, Minister of State for Immigration, to ARLA Propertymark dated 15 March 2019 the Government has confirmed that there are no immediate changes to the operation of the Right to Rent policy and landlords and letting agents are still obliged to conduct checks as required in legislation. [...]

By | 2019-03-25T12:06:09+00:00 March 25th, 2019|Categories: Landlord, Lettings, Regulations, Tenants|0 Comments

NAEA January Housing Market Report

BUSINESS AS USUAL FOR SELLERS, WHILE BUYERS PUT PLANS ON HOLD The latest Housing Report has found demand from prospective buyers fell from December to January - decreasing by a fifth year-on-year since January 2018.   Supply of available properties was also down last month, falling 14 per cent from 42 in December to 36 per member branch [...]

By | 2019-03-01T11:48:36+00:00 March 1st, 2019|Categories: Buying, Sales, Selling|0 Comments