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.
‘NIMBYism’ is Dead! Long Live the Planning Changes
The 1st July 1948 heralded a new dawn in how property was built, as the Town & Country Planning Act 1947 came into force, meaning no property could be built without the say so of the local authority. Now, Boris Johnson has announced a substantial change to that, by in effect, ending planning permission. The […]
A Coronavirus Tax Bill for OAP’s?
As Financial Director of Professional Properties, it was only right that I wrote this particular piece! The Government is on track to borrow £400 billion because of Coronavirus and that needs to be paid back at some stage. Last year alone, before Coronavirus, the Government brought in £824 billion in taxes whilst they spent £887 […]
What’s Next for the Local Property Market
There is no doubt that Coronavirus will affect the Derby and Burton Property Market, but just how? The ensuing economic challenges are going to impact the UK property market, yet no one knows the real answer. The newspapers eulogise different opinions, but that’s all they are, opinions and everybody’s got a different one! The truth […]
£5000 for Every Landlord and Homeowner
The Chancellor announced on Wednesday 8th July in his mini Budget some interesting news for all homeowners and landlords. Rishi Sunak is going to give ‘The Green Homes Grant’ of up to £5,000 to cover two-thirds of the costs of environmentally friendly upgrades to your property, with the homeowner covering the other third. There are […]
Rent Guarantee has Never Been so Important
by Susan Cope. Managing Director, Professional Properties With events that have unfolded across the globe since the start of the year that have had such a profound effect on our daily lives since March 2020, I don’t believe that there has ever been more of a requirement to take stock and ensure you and your […]
Derby Property Owners set to Save Over £5,000,000 in Stamp Duty
The British are infatuated with owning their own property and don’t politicians know it. Margaret Thatcher used it as a vote winner in 1979 when she allowed council house tenants to buy their own home. Coming to the present day, Boris Johnson’s Conservative government have anxieties that the Brits have not been buying nearly enough […]
A Decade in the Life of the Burton Property Market
One of my Burton landlords contacted me last week from Stapenhill, after he had spoken to a landlord friend of his from Winshill. He told me they were deliberating the Burton property market and neither of them could make their mind up if it was time to either sell or buy property following Covid-19. His […]
Derby Post Lockdown Property; 6 Weeks In
From talking to most of the Derby estate and letting agents and our own findings, it might surprise many of you that new enquiries from homebuyers, tenants, landlords and home sellers have been at record levels since lockdown was lifted from the property market in mid-May. There are a number of reasons for this. Firstly, […]
Is Time Running Out for Buy-to-Let in Burton?
…should Burton homeowners and landlords be worried? In 2019, the private rented sector accounted for just over four and a half million households or 19.9% of UK households, no change from the year before. Interesting, when compared to the proportion of private rented households in the 1980’s and 1990’s, when the proportion of private rented […]
Landlords to Blame for Derby’s Housing Crisis?
Isn’t it strange that nobody boasts they are a buy-to-let landlord anymore? Roll the clock back to the early millennium and you couldn’t go to the local golf club, meet up for a pint after work or shop at a Waitrose without someone dropping “buy-to-let property” into the conversation as easily and as often as […]
