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Lettings & Management

Too Honest? – We Shall See

15/06/2017

You may have read about the problems I’ve been having with a property I own in Halifax – LINK. Here’s an update The local agents who it’s been let with for years still haven’t been able to get it rented. Despite owning a stake in LettingSupermarket.com and the fact that they manage most of my… Read more

Surrender of Tenancy Agreement

14/06/2017

UPDATED – 14th June 2017 – this is still as valid today as it was when first published on 21st August 2014. I have just helped my brother to draft a Surrender of Tenancy Agreement, you can download a copy at the foot of this article, but the story behind it is an interesting one too…. Read more

LettingSupermarket.com independently valued at £3.5 million

13/06/2017

LettingSupermarket.com has been independently valued by KBS Corporate at £3,500,000. On 15th July 2015 LettingSupermarket.com raised £250,000 via the crowdcube crowdfunding platform. At that time the business was valued at £1,250,000. These investors have experienced growth of 180% in their share values. A further round of crowdfunding raised £125,000 via the seedrs website on 30th… Read more

LettingSupermarket.com now have 24 hour a day service

12/06/2017

LettingSupermarket.com are now officially open 24 hours a day. Outside of normal office hours there will also be a telephone service from 5.30pm through to 9am to manage viewings and late night landlord enquiries. We were so impressed with how LettingSupermarket.com manage our own buy to let property portfolio we decided to acquire a substantial… Read more

Litigation Looms For Greedy Letting Agents

29/11/2016

Many blame Foxtons for the Chancellors decision to ban letting agents charging fees to tenants. Unsurprisingly, Foxtons have seen their share price plummet, but that’s far from the end of their troubles. Litigation also looms! Lawyers acting for landlord clients of Foxtons are planning to bring claims to force the company to pay all undisclosed fees… Read more

Letting Agents will no longer be able to charge fees to tenants

23/11/2016

HM Treasury has leaked an extract from the Chancellors Autumn statement which will announce that Letting Agents will no longer be able to charge fees to tenants Whilst the Chancellors announcement will no doubt be treated by tenants as good news, industry bodies do not see it that way. David Cox, Managing Director, Association of Residential… Read more

TPO and CTSI launch joint letting fees campaign

25/10/2016

National campaign kicks off in Swansea and Dorset to improve industry compliance and raise awareness among consumers so more landlords and tenants ask about fees when they shop for an agent. The Property Ombudsman Scheme (TPO) has launched a new national campaign with the Chartered Trading Standards Institute (CTSI) to tackle lettings agents that are… Read more

Possible Strategy For Frustrated First Time Buyers?

12/08/2016

We often read about people living in London, Cambridge and other areas where property prices are at a premium and beyond the reach of most first time buyers. I fully understand their frustration because, in many cases, as fast as they can save a deposit, the amount of deposit required increases at a faster pace. I have been giving… Read more

Brighton Landlord Expo – Meet fellow Property118 Readers

21/06/2016

FREE ENTRANCE On 29th June the Brighton Landlord Expo hosted by Association Residential Letting Agents (ARLA) will deliver a programme full of legislative updates, key topics concerning Landlords and Agents. This is an excellent opportunity to meet fellow Property118 members. Lesley Lindsay, a Founder Member of Property118 Action Group, has very kindly agreed to represent… Read more

Lettingsupermarket.com Exceed Targets

15/06/2016

Having exceeded 100% of our £125,000 crowdfunding target we are obviously delighted with the support received to date . The funds raised to date are in return for 5% of the equity in the business, thus confirming our valuation of £2.5 million. We would like to thank all investors who have participated in this round of crowdfunding…. Read more