Will sealed bids begin in the Notts rental market? It’s often said that what happens in London filters through to other areas of the U.K. A study by property firm Zoopla suggests that the London rental market showed a 2.6% decline on average agreed rents in June, a trend which is also shown in 5 out of 12 U.K. regions. However, the study suggests that monthly rents in the East Midlands are holding up with an annual increase of 2.8% from June 2016.

We are pleased to announce our best months of lettings since the company was founded. We have let the highest monthly number of properties to date in May, then June…only for this figure to be surpassed in July.

Following the consulation of the Council's proposed Selective Licensing scheme in Nottingham City, the outcome is that there is beleived to be a case for the scheme in Nottingham. 

We are delighted to have been appointment the letting and management agent for five stunning new City Centre apartments! Located on the historic Victoria Street, just minutes from the Old Market Square and the Lace Market, these five exclusive residences are now available to rent after their previous luxurious high end make-over in keeping with the style of such an architecturally stunning building.

After nearly 18 months of sustained growth, we have appointed a new lettings consultant for the Mansfield and north Nottinghamshire district, where we are developing our client base.

The cost of renting a home in Nottingham is likely to increase as a result of changes to be imposed on landlords in the city. Nottingham City Council’s plans to introduce selective licensing, along with the Government’s changes to landlord’s mortgage interest tax relief and the previous 3% stamp duty surcharge on buy-to-let properties will result in a ‘triple threat’ to the Nottingham housing market.

Following a comprehensive redevelopment, we are delighted to have been appointed letting and managing agent for thirteen new luxury apartments all for rent at ‘The Old Community Centre’ on St Paul’s Avenue in Hyson Green, Nottingham. 

The Government has announced measures to make Client Money Protection (CMP) mandatory for all letting agents across England.

 

Residential landlords are one year away (April 2018) until it will be unlawful to let out a property with an F or G Energy Performance Certificate (EPC) rating as a new letting (except a few limited exemptions).

From 2017, Buy to Let lenders have had to make changes to their lending criteria under the Bank of England’s Prudential Regulation Authority (PRA), which includes stricter affordability tests including Interest Cover Ratio including the impact of recent Tax Changes and a stress test on interest rate rises.

Chancellor Phillip Hammond has introduced no new property taxes in his Spring Budget, to dissasfaction within the sector as some easing was hoped for following a barrage a recent tax burdens.  

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