Pennington News

News

  • Increased demand for rental property

    May 7, 2021

    The latest figures on the property market have been issued and they show an increasing demand for private rental properties, while supply of this type of housing has fallen...

  • Pennington has been on the move too

    May 2, 2021

    It is not only our clients we have been helping find new property recently, Pennington has also been on the move and with the lifting restrictions on all retail we are now fully up and running from our new premises in Woodbridge...

  • A brighter future for buy to let

    April 23, 2021

    Following last month’s decision to leave Capital Gains Tax (CGT) as it is for property and not use it – as some had speculated - to help plug some of the financial gap left by the impact of Coronavirus, there has been even greater relief for what it means for the private rented sector...

  • Mediation service available for landlords and tenants

    April 16, 2021

    Last week details of the Government’s housing possession mediation service were released, as part of the current court process for housing possession cases...

  • Rent Arrears and Breathing Space Regulations

    April 9, 2021

    New regulations come into force next month and it could have implications for landlords with tenants who have rent arrears...

  • No Change to CGT Welcomed

    April 6, 2021

    In July 2020, the Chancellor asked the Office of Tax Simplification (OTS) to carry out a review of Capital Gains Tax (CGT). It was widely anticipated that CGT would increase to help plug some of the financial gap left by the impact of Coronavirus. So, there was surprise in the private rented sector – and a sense of relief - last week when an announcement was expected, but CGT has been left...

  • Client Money Protection in the Spotlight

    March 26, 2021

    The importance of having Client Money Protection in place has been highlighted once again after a London agent has been fined £20,000 for being in breach of regulations...

  • Eviction ban extension announced

    March 19, 2021

    The Government stated they would regularly review the eviction ban that was first introduced in March 2020 and last week the Housing Secretary, Robert Jenrick MP, announced a further extension to the ban on evictions for private renters...

  • Propertymark to continue lobbying following Budget

    March 15, 2021

    At the start of the year, HM Treasury invited interest groups, individuals and representative bodies to comment on government policy and to suggest new policies for inclusion in the Budget...

  • Consultation on energy efficiency and mortgages raises concern

    March 8, 2021

    In the latest consultation the Government has on ‘Improving home energy performance through lenders’, Propertymark has raised concerns that the proposed targets are unrealistic and could put people off from moving home...