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RICS House Price Balance

What To Do When You First Move Into A New Home

Moving into a new home is always an exciting process, and the start of a new chapter in your life. It can also be a strange and daunting time as there is so much that needs to be arranged and it can take a while for a new property to feel like home - this is particularly true if you are a first time owner. There are a few steps that you should take whenever you move into a new property which should help you to get settled quickly and start to feel at home - read on to find out more. Get Utilities Up & Running One of the first steps to take after moving into a new home will be to get the utilities up and running - the majority of energy providers will put new owners into a standard tariff, but these will be expensive. You may...
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A ‘sorry’ state of affairs – tenant apologises to landlord

It’s a topic I have spoken about many times before, but sadly it doesn’t appear to be improving.  Councils are still being forced to respond to Britain’s housing crisis by telling tenants who have been asked to leave by their landlords, to stay put until they are evicted.  In many cases, landlords are left with thousands of pounds of rent arrears and legal costs, as will be shown on this week’s episode of ‘Nightmare Tenants Slum Landlords’ (Monday 24 June, 9pm, Channel 5,). Landlord Action was recently appointed by IT sales consultant, Dale Prime-Holder. He came to Landlord Action desperately seeking help on behalf of his elderly mother, whose tenant had stopped paying rent for over a year but was refusing to leave the property. They had also discovered that the tenant had moved her daughter, her daughter’s partner and their child into the property. The rent arrears had reached...
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Can Britain ever achieve a zero waste to landfill figure

New guidelines in 2011 were introduced that stipulate all businesses and organisations now have to apply waste hierarchy systems when dealing and disposing of waste. These rules suggest that all organisations who deal with waste should dispose of it in an environmentally friendly way. What is clear is that older forms of disposing of waste, such as the ‘take, make, dispose’ economic model, are now beginning to reach physical limitations. Fortunately, action is now being taken to combat this problematic issue. By 2020, as part of their Zero Waste Regulations policy, Scotland has placed a landfill ban on municipal biodegradable waste; in the UK, this is the first ban of its kind, which could see England and Northern Ireland following suit shortly afterwards. However, despite the UK’s best efforts, food waste rose by 4.4% between 2012 and 2015, even though plans suggested that food waste should be cut by 5%...
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How can you make your appliances eco-friendly?

No matter how many, alerting headlines it’s took, it’s great that the world is finally becoming more eco-aware. With the countless number of news, detailing the blanket of plastic that floats in our oceans, to how much carbon emissions are putting the world at risk, everyone is taking pride in defending our planet. After all, it’s us and our children who must live here, and no one wants to live in an unclean, unhealthy, toxic environment. No doubt that you’re fulfilling the duty to recycle as much as you can, and maybe walking more often than driving. However, a lot of environmentally-friendly advice seems to fall on investing in new, greener appliances. While newer models often come with a range of eco-friendly elements, they can be expensive and not all of us can afford to replace our larger appliances just yet. But that doesn’t mean you can’t do your part...
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How To Make Your Garden Appealing To Buyers

Occasionally people who are trying to sell their home are so preoccupied with how the inside looks, they forget that the outside is just as important. Your garden could be one of the first sights a potential buyer lays their eyes on and making a good first impression is critical when it comes to real estate. Having a dishevelled garden can give off the wrong impression about your home or property, but with a bit of work, you can easily fix up your garden to appeal to buyers. Clean up You want everything to appear picture perfect for a potential buyer, so if your garden has fallen into a bit of disarray, the first task to take care of is clearing away debris like fallen leaves, twigs and branches, and dead plants. Pull any weeds and overgrown grass, and trim back any overgrown plants, so they are nice and contained....
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Nationwide housing report to May 2019

Despite the fact that the media continue to create doom and gloom headlines surrounding Brexit, UK house prices have remained relatively steady. The recent Nationwide housing report to the end of May 2019 makes for interesting reading and will surprise many property investors. This comes at a time when the UK government is effectively paralysed, the official opposition nowhere to be seen and constituents of the UK fighting their own agendas. So, against this political background, and with Brexit still nowhere near resolved, many would have expected UK house prices to have fallen over the last 12 months. House prices increase year-on-year The average UK home is now valued at £214,946 which equates to a 0.6% increase over the last 12 months. While house prices did fall by 0.2% between April and May, the longer term trend is surprisingly steady in light of so many different challenges with the economy...
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New Tenant Fees Act could cost landlords more than £80 million

The Tenant Fees Act came into force on 1 June 2019 after years of rumour, counter rumours and battles with the authorities. While we will take a look at the repercussions in more detail later in this article, in effect the new laws abolish the majority of fees associated with letting a property in the private sector in England. At this moment in time it is difficult to see any positives for private landlords and letting agents and how a reduction in income can have any positive bearing on the quality or cost of accommodation in the private sector. Legal charges under the Tenant Fees Act The best way to describe the sweeping changes introduced by the UK government is to assume that all historic fees are now illegal with the exception of:- Rent Refundable security deposit (capped at no more than five weeks rent or six weeks if annual...
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Why shutters are cost-effective over the course of a lifetime

When it comes to decorating your home, there are all sorts of aspects to take into consideration. First off, you’ll need to be sure that your new items suit the wider décor, and that they will provide the functionality you need. However, you’ll also need to think about cost-effectiveness – and when it comes to covering your windows and ensuring that they’re dressed as nicely as possible, shutters are a good bet. Here’s why. Sturdy Anyone who has ever installed blinds will know that even the most sophisticated ones can easily become damaged. Blinds are usually made from reinforced fabric, but that doesn’t always protect them against rips and tears. All it takes is one small tug, perhaps from a child or a visitor who doesn’t know how to open or close them, and they’re damaged for life. Shutters, on the other hand, are usually made from durable materials such...
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Selling your land for housing development – what you need to know

Are you a homeowner with a large garden or surplus land attached? Perhaps you inherited a plot of land or bought some as an investment? We live in a time where there’s a desperate shortage of housing and a political will for residential development on a massive scale – which means you may be sitting on a little goldmine. But how much is your land worth, how do you get the best deal and can you even sell it for development? Let’s take a closer look at how it all works. The first thing to find out is whether your land is developable and therefore has any market value with regarding to housebuilding. Perhaps you already have an inkling. A field in the middle of a beautiful National Park setting may be less suitable than an abandoned brownfield site in the middle of town. That said, it always pays to...
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Buying an investment property to rent

Buying an investment property to rent is a process which is often made far more complicated than it really is. There is obviously an array of other factors to consider when looking at renting property to domestic tenants/businesses but if you keep it simple it is much clearer. So, what other factors to take into consideration? Rental yields The rental yield is simple, the gross rental income divided by the value of the property. For example, a rental value of £1000 a month would bring in £12,000 in rental income. If the property was valued at £120,000 then the gross rental yield would be 10%. You tend to find that properties with a relatively high rental yield have limited opportunity for capital appreciation and vice versa. Capital appreciation Rental yields are fairly simple to work out, look at the local vicinity and what similar properties are charging their tenants. The...
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