The End of the Section 21 Eviction Notice: How will it Affect Landlords?

Landlords are currently able to regain possession of a property without giving a reason using a Section 21 eviction notice. In April the Government announced plans to change this. What is a Section 21 eviction notice? Section 21 of the Housing Act 1988 enables landlords to evict tenants at any time after the fixed term of their contract has ended. Landlords can do this by serving the tenant with a Section 21 eviction notice, which gives the tenant two months’ notice to leave. The landlord doesn’t need to provide a reason for the eviction. What are the proposed changes? The More ›

How do General Elections Affect House Prices?

Following Theresa May’s announcement of a snap general election in June, those looking to buy or sell houses may be asking themselves the question: how do general elections affect house prices? It’s a pertinent question, as political uncertainty is often linked to fluctuations in the property market. Property is arguably more volatile than any other sector, and the status of the market generally represents the overall mindset of the property-owning public. With the general election upon us, we’ve looked back at how historical elections have affected house prices, and predicted what we can expect this time around. Looking to the More ›

Bank of England are holding interest rates steady at 0.5%

Bank of England Have Hinted They Will Cut Base Rate in August – What Does That Mean To You? Whilst the Bank of England have today announced that they are holding interest rates steady at 0.5%, they have dropped a pretty significant hint that there may be a rate cut in August, most likely to 0.25%. Although this does remain to be seen as the Governor has a history of twisting and turning, remember the speculation over the past few years that the next move would be upwards and his “At the turn of the year” comments, the situation Post-Brexit More ›

Brexit is Happening: What Happens Next in Property?

Brexit is Happening: What Happens Next in Property? The EU Referendum results were announced this morning and the result is that the British public have voted to leave the EU. Despite the polls late last night suggesting a ‘Remain’ win, the ‘Leave’ campaign managed to pull ahead with over 1 million more votes than the ‘remain’ campaign, it was announced this morning at around 5am. The result has undoubtedly caused a bit of turbulence across the board with markets being extremely volatile, David Cameron announcing his intentions to resign in three months time and news outlets speculating ‘what will happen‘ now we will More ›

The Billionaire Boom: Is London Still the First Choice for the World’s Wealthy?

The Billionaire Boom: Is London Still the First Choice for the World’s Wealthy? It was reported last year that London had overtaken New York, Hong Kong, Singapore and Sydney as the must-have property location for the world’s wealthy, with 6,250 annual property sales in the $2–$5 million bracket in 2014; Manhattan saw half that and Hong Kong a third. These dramatic statistics were released amid concern about what the prime property boom might mean for the rest of the city, but sales of prime property have since plummeted thanks (mostly) to George Osborne’s so-called mansion tax. So has London now More ›

The Treasury on Brexit

The Treasury on Brexit: The Effect on Property The Treasury have now added more fuel to the Brexit debate by releasing a 90-page document outlining the cost of leaving the EU and the impact it will have on Britain if, come the 23rd June, Britain vote to leave the EU. With Brexit being the most topical debate in the country, it’s no surprise given the date of the vote is looming. Other leading figures in Britain haven’t been shy in sharing their opinion on the matter. Experts in favour of staying in the EU have said it could lead to More ›

Mortgage Rates: Are the Glory Days of Borrowing Coming to an End?

Mortgage Rates: Are the Glory Days of Borrowing Coming to an End? The Bank of England base rate has remained at 0.5%, its lowest level ever, for over six years now, and mortgage rates as low as 1% or 2% have become commonplace. But as we merrily bask in what the future may deem the glory days of borrowing, have we got a little bit too comfortable with these unsustainably low rates? Media speculation about mortgage rates is rife at the moment, with many experts predicting that rates will increase in 2016. Should such predictions serve as an alarm bell, More ›

First Time Buyers: Help to Buy ISA

First Time Buyers: Help to Buy ISA Since the financial crisis saw the back of 100%–125% mortgages, first-time buyers have faced two major hurdles. This first is low interest rates on savings, and the second is the increasingly large deposits required by banks. George Osborne’s 2015 budget revealed the Conservatives’ plans to tackle these issues head-on by encouraging first-time buyers with a new Help to Buy ISA. Under the scheme, which will be available later this year, first-time buyers can claim up to £3,000 from the government towards the deposit for their first home if they save into the new More ›

Extending Your Home: What’s Permitted, What’s The Cost And Is It Worth It?

Extending Your Home: What’s Permitted, What’s The Cost And Is It Worth It? More people than ever before are choosing to stay put and upgrade their homes rather than upping sticks to upsize. In fact, the concept has become so popular that Channel 4 has made a television show out of it. “Love it or List It?”, featuring Kirsty Allsopp and Phil Spencer, helps families trying to decide just that – whether to start afresh somewhere new or use the money they would otherwise spend on a house sale and purchase to renovate their property. The fact is that for More ›

Company Q&A: Keatons’ New Home

Company Q&A: Keatons’ New Home With growing demand from its customers, Keatons is now bringing its positive, pro-active approach to property to a new office in Canary Wharf. Why canary wharf for a new office?  We have operated in the area for 17 years and as the market has developed we have received more and more requests from our clients to have a branch on the island. We will only open a new branch when we feel we have secured the right premises and personnel to continue delivering the level of service and expertise that Keatons is known for. What parts of the surrounding area will your More ›