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In the Community

Marc Shoffman

Digital ID could ‘transform property market’ -...

An anti-money laundering (AML) expert has highlighted an overlooked...

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All in favour of digital ID but its about time it was much easier to share between solicitors and estate agents with the purchaser/seller only having to pay once for ID and the ID being valid for at least 6 months, if not longer.

Graham Norwood

40 Not Out! Valerie celebrates four decades...

Letting industry doyen Valerie Bannister has celebrated 40 years...

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A long and impressive career. Congratulations Val.

Greg Bjorg

re: renovation and problems with it ...

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

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Graham Norwood

HMRC and Labour council in joint clampdown...

A controversial council claims that HMRC is working with...

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Rob, They had 7 miles of Docks before Containerisation and the Dockers always had something to sell in the Pubs along the old Dock Road. They have 2 artificial Birds on top of the Liver Building and they flap their wings every time a Saint passes by, can imagine it must be a religious place with 2 Cathedrals, 2 good football teams as well one across the Mersey not too bad either. Also if you can’t afford a house in Shepherds Bush which would set you back a million you’ll get a similar one in the Pool’ for a quarter of that.

Beth Rudolf

Is upfront material information creating a consumer-focused...

Complete guidance on Material Information parts A, B and...

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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

Market waiting for base rate cut to...

The average price of property coming to the market...

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Graham Norwood

Buy To Let market ‘in good health’...

Lettings agency giant Connells says the private rental sector...

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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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