The new Energy Performance Certificate (EPC) benchmarks for the rental market are “unlikely to succeed”, it has been claimed. The National Residential Landlords Association (NRLA) suggested there are not enough trained EPC assessors to ensure the new standards are met. It said there is “a shortfall in retrofitting professionals who are qualified to uphold the…
The places were rental yields are reaching almost 7% have been revealed. New research by The Letting Partnership has revealed that rental yields are It calculated that the average rental yield for the country as a whole currently stands at 5.9%. It is based on an average house price of £293,262 and an average monthly…
A landlord has been slapped with a £12,500 fine after an immigration raid revealed 13 people living in an unlicensed HMO above his restaurant premises. Fayez Noor, who runs the Indian Diner in Lower High Street, Ashford, has been ordered to pay the fine after the Upper Tribunal increased the £10,000 penalty originally imposed when…
A property industry initiative has been officially launched aiming to bring the average ‘sales agreed to exchange’ period down to 28 from 109 days. Put together by the Landmark Information Group and first mooted in February, the organisation of 23 leading property industry bodies including lenders, conveyancers and agents, has published a ‘bold and practical’…
Lomond continues to expand its footprint in Liverpool following the acquisition of local letting and estate agent City Residential. The deal follows Lomond’s earlier acquisition of Homesure, its first business based in Liverpool, which will subsequently manage the City Residential portfolio. Founded by Alan Bevan in 2001, City Residential initially operated as a development and…
Our City Tracker shows that although there is a North-South divide, there are also differences with regions too, including the London property market. For example, Wales is doing well year-on-year in most indices, but looking at Cardiff, prices are still lower than they were in 2022 – although only just! And in London, data from…
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