We think it is important to keep our customers up to date with local property news as well as any developments within the lettings industry.
Selective Licencing Extension in Burton?
East Staffordshire Borough Council is proposing to extend it’s Selective Licensing Scheme to incorporate streets that have the highest amount of complaints about housing conditions. It is proposed to designate five Streets which are shown within the table below: Current Selective Licensing Currently, the Council’s Selective Licensing Scheme requires all landlords who privately rent out properties […]
Stamp Duty and The Budget..
If you are buying a home in England costing more than £125,000, you will have to pay Stamp Duty Land Tax on the purchase of your new home. In the provinces, it’s called something slightly different, so if you are buying a property in Scotland over £145,000 you will pay Land and Buildings Transaction Tax […]
Homes (Fitness For Human Habitation) – FFHH
The FFHH Legislation It’s unusual for a piece of legislation to put letting agents, tenant groups and politicians on the same side of a debate, but the Homes (Fitness For Human Habitation) legislation has done just that. The initial Bill was introduced by Karen Buck MP back in 2015 and came into legislative force last […]
The £2.1 billion mortgage debt in Derby
With the General Election long gone, B-Day now passed and the recent shenanigans and political goings on in Westminster recently a fading memory, the housing market, for the time being anyway, is showing a striking resilience spurred on by the on-going wide-ranging monetary policy by the Bank of England. With interest rates and unemployment low, […]
75% of Derby OAP’s own their own home!
I posted a recent article about Baby Boomers and Millennials and promised to look in detail at how the older generation fit into the Derby property market and here it is! Firstly, do you think the headline is astonishing? Yes, that number is staggering isn’t it… The figures… Of the 25,389 households in Derby where the […]
HMO’s – the next Big Thing?
One of the largest buy-to-let mortgage providers, Paragon, has reported that of the landlords planning to purchase property in the next 12 months, around 31% want to buy a House in Multiple Occupation (HMO). This has increased from around 13% of landlords just three months ago. This is the highest level since 2017 and indicates […]
OK ‘Derby’ Boomers…
A strange title for this article I know! Firstly, let me explain for those who don’t know the definitions used in this post… Boomer – a person born in the years following the Second World War, when there was a temporary marked increase in the birth rate often defined as those individuals born between 1946 […]
Is there an Eastern European “Exodus” in Derby?
I was having a thought-provoking conversation with a Derby buy-to-let landlord a couple of weeks ago about everything to do with property. We discussed the Election result, the imminent Brexit deadline and how the reported voluntary repatriation of Eastern Europeans had affected the property market in Derby. It transpired some of his Derby tenants, who […]
Compulsory Electric Checks are here!
It has been announced by the Government that Electrical Safety Checks will have to be carried out in all private rental properties in England according to Regulations now laid in Parliament. This is the detail as reported by Property Industry Eye on January 15th: The Electrical Safety Standards in the Private Rented Sector (England) Regulations 2020 […]
Derby Buy-to-Let… Past, Present & Future
Investing in a Derby buy to let property has become a very different animal over the last few years. In the glory days of the five years after the turn of the Millennium, where we had double-digit house price growth, mortgage companies desperate to get on the buy-to-let mortgage bandwagon ridiculously low rates and a […]
