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In the Community

Graham Norwood

Interest Rate Cuts on hold after disappointing...

Inflation has eased to 3.2% down from 3.4%, official...

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Graham Norwood

Renters Reform Bill back in the Commons...

A government-supporting newspaper says the Renters Reform Bill will...

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What will happen when rent controls come in? This is the only way government can keep LHA rates reasonably close to market rents in many areas outside the capital, because they can’t increase the burden on the taxpayer to bump them up! Parties have more renters that vote than landlords and they don’t care if your mortgage is higher than the rent. We know this by how the courts treat landlords!

Greg Bjorg

re: renovation and problems with it ...

My first self-repair did not end too well. I...

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Graham Norwood

Renters Reform Bill back in the Commons...

A government-supporting newspaper says the Renters Reform Bill will...

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Can't see the corporates taking over an ex council house in a little village though. They will pick and choose the more lucrative areas and leave the dregs to the PRS.

Nat Daniels

Property Natter - Buyers 'tak' the high...

When we talk in general terms about the UK...

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Karl Knipe

The pros and cons of student accommodation...

Some property investors are put off student accommodation by...

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Great information!!

Angels Media

FUTURE: PROPERTY TECH ...

Join us to network, learn & share idea's with...

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Graham Norwood

Professional BTL investors continue to streamline portfolios...

The typical buy-to-let investor has reduced the size of...

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Graham Norwood

Record long mortgage terms for first time...

An analysis of government house price data by business...

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Steph Rady

INTERIOR DESIGN TRENDS TO EXPECT IN 2017:...

Kicking off 2017, we’ve predicted stabilisation in the property...

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Martin Gibbon

First Time Buyers Underestimating the Cost of...

The majority of aspiring first-time buyers ‘wildly’ underestimate how...

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roof repairs ipswitch

Sell your home this summer - House...

Summer is just around the corner. And, contrary to...

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Nat Daniels

Got lots to say about property? You're...

Here is your opportunity to get all your latest property-related...

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2.8 million new instructions- who wants some? While preparing a submission for the at the time unannounced CLG inquiry in PRS (CLG only told their friends) I did some number crunching in the hope of adding a positive input into a department that is seemingly bereft of any experience of the Private rented sector and almost allergic to anyone who has. I identified that a 100,000 tenancy provision by private landlords into the assisted tenancy market (pensions and benefits) was worth approaching £1 billion to landlords. One hundred thousand tenancies was a deliberately small percentage ; an easy , appropriately sized sample to make the point rather than a scientifically calculated figure. It represented about 1.4% of the middle ground between PRS and social housing that many agencies and landlords steer clear of. Subsequent research (discussion) shows that about 40% of assisted tenants are no worse at paying their rent than anyone else. Essentially what that means is that there is an additional £28 billion rental opportunity for those prepared to engage the sector. Increasing the PRS provision by up to by 70% is surely a good start in solving the housing crisis. It will obviously put a large rental income in the pocket of those who can afford to buy to rent out, it will put a large commission income in the pockets of those servicing the industry but moreover it will add the incentive to have another 2.8 million private rented sector properties available to ease the housing crisis. Obviously that will leave the remaining 60% of the sector to house but it seems reasonable that government doesn’t attempt to privatise their entire housing obligation, such schemes tend to lead to civil unrest. There will be natural envy at the rich seemingly exploiting the poor, I am not getting into the social ethics of a solution, simply suggesting how a set of government departments could set about solving issues in an industry they don’t properly understand.

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