Rents have fallen slightly in December

Rents have fallen slightly in December across England and Wales according to data from Your Move. Although the average residential rent across England and Wales now stands at £767 compared to £745 in December 2013, there was a dip of 0.1 per cent last month....

NEW TSI APPROVAL FOR TPO’S LETTINGS CODE

A letter from the Vice Chairman, The Property, Gerry Fitzjohn on why Landlords and Tenants should use a Letting Agent that is a member of the largest government-approved property ombudsman scheme in the UK.  Oakwood Property Management have been members of the TPO...

Stamp Duty Land Tax reforms from midnight tonight

Stamp Duty Land Tax is to be changed at midnight after today’s Autumn Statement by Chancellor George Osborne. Osborne announced that he would be completely reforming what he described as a “badly designed tax on aspiration”. He has jettisoned the old “slab” structure,...

ARLA’s campaign for regulation on private rental fees

ARLA has renewed it campaign calling for the private rental sector to be better regulated to stop rogue landlords charging excessive tenant fees. A report by ARLA shows that 74 per cent of ARLA licensed agents charge tenants no more than £250 in tenant fees and only...

New housing minister – Brandon Lewis

You do not have to be a private landlord to be a good housing minister, but it helps. If that variation of the old “you don’t have to be mad to work here” phrase turns out to be true, then we may have a good housing minister in new appointment Brandon Lewis who has...

Legislative changes due in Autumn

The Property Ombudsman  Oakwood Property Management are leading the way in voluntarily registering with The Property Ombudsman, this is a voluntary code but in September all Letting Agents will have to be members of a recognised Redress Scheme. The Department for...