Pennington News

News

  • What next for the rental market in 2017?

    January 14, 2017

    The rental market has had to face a raft of changes over the past year, including the introduction of the 3% stamp duty surcharge, the scrapping of the 10% ‘wear and tear’ tax relief, a growing number of licensing schemes, not to mention Right to Rent checks. It’s fair to say that...

  • Property Natter: Q & A with Countrywide’s Sam Tyrer

    January 14, 2017

    A post-Christmas treat this week, as I carry out a Q & A with one of the leading figures in property, Countrywide’s Sam Tyrer.  Sam joined Countrywide in September 2015 after many years in the retail sector with Dixons Carphone and record store giant HMV.  Her current title is Managing Director, Retail...

  • Farewell to 2016 and a cautious welcome to 2017

    January 14, 2017

    There is no doubt that 2016 managed to catch the world by surprise on more than one occassion.  But will 2017 be equally unpredictable, or can we expect a calmer more measured year ahead in the property and housing industry?      Key points • The UK economy will be very sensitive to...

  • Mergers of independent estate agencies: the market and the price

    January 14, 2017

    Consolidation continues apace amongst traditional estate agents. The raft of pressures on agents is increasing and these pressures have two strong effects.   Firstly, they increase the need for agents to cut costs, increase turnover and territories and strengthen brands.   Secondly, they increase the willingness of independent agents to join up...

  • House price inflation picks up with Luton the 2016 hotspot

    January 9, 2017

    A town best known for its airport, Vauxhall vans, and as the home of Bake Off winner Nadiya Hussain, was the UK’s property hotspot last year, according to the UK’s largest mortgage lender...

  • New homes: Sajid and Gavin must do better

    January 7, 2017

    Now I’m not one to lose sleep over politicians, but it strikes me that Communities Secretary Sajid Javid and Housing Minister Gavin Barwell may be about to be embarking on a fool’s errand when it comes to new homes. If well-informed journalists are right, Javid and Barwell are about to get...

  • Seek and ye shall find

    January 7, 2017

    I have a confession to make. In 1988 I became a Seekers franchisee. For those of you who don't know who Seekers were, they called themselves 'the no commission estate agent'.  By the time I bought my franchise they had nearly 90 offices and had expanded continuously throughout the 80s boom.  Of...

  • Compliance update: Council Tax liability – Tenancy agreements

    January 7, 2017

    In a recent landmark Council Tax case, the Court of Appeal (Leeds City Council V Broadley 2016) upheld that the use of a tenancy agreement which contained a fixed-term and an agreed continuation periodic term thereafter until ended by either party, in protecting the landlord from Council Tax liability, in...

  • It’s time to look North for lettings income

    January 7, 2017

    If you provide a service, you expect to be paid for it. Sound fair? But with the forthcoming ban on tenant fees, letting agents will still be undertaking meticulous and time consuming pre-tenancy administration without being able to charge the person they are providing the service to.  Agents should be looking...

  • Fears of a ‘massive’ global property price fall

    January 4, 2017

    Property prices have climbed to dangerous levels in several advanced economies, raising the risk of massive price falls if markets overheat, according to the Organisation for Economic Co-operation and Development (OECD...