What do proposed changes to Section 21 mean for landlords and tenants?
On Sunday 21 July this year, the Government announced that they had launched their consultation on the abolition of Section 21. The consultation, which will only cover England, will be open for 12 weeks closing on Saturday 12 October.
In the consultation, the Government proposes to remove Assured Shorthold Tenancies (ASTs) from the Housing Act 1988, essentially making assured tenancies the only type of tenancy available to landlords.
In the proposal that the Government has put forward, tenants will have the option of agreeing to a fixed-term assured tenancy, which means both parties are committed to a predetermined time or a periodic assured tenancy. In the case where a fixed-term tenancy has not been terminated by the tenant or the landlord using the Section 8 Notice process, it is possible for it to be renewed to a new fixed term. If this doesn’t happen, it will automatically revert to an assured periodic tenancy.
Northgate Estate Agents wins 7 awards at The ESTAS, the most prestigious awards in the UK property industry.
The Darlington, Newton Aycliffe & Billingham based agency received: North East Gold Letting Agent Award, North East Gold Sales Agent Award, Sales Best In County Durham Award, Lettings Best In County Durham Award, Best Local Agency Group In The North East, Silver Best Local Agency Group In The UK & Billingham Office Won Silver for best office in the UK at the prestigious ESTAS Customer Service Awards for 2019, the biggest awards in the UK property industry. The winners were announced by Phil Spencer, the TV property expert at a lavish luncheon & ceremony at the Grosvenor House, Park Lane London attended by 1,000 of the UK’s top property professionals.
TOP TIPS TO SELL YOUR HOME FASTER
Moving home is a complicated process, and so getting it right is crucial. Whether you are a first-time buyer, or an experienced home owner, here are our top five tips to help you sell and move in as quickly as possible:
Wanting to make a good impression and make your home stand out in the crowd doesn’t have to cost the earth. There are numerous budget-friendly ways that you can use to make your property more appealing to potential buyers and increase your chances of selling for the highest possible price. You can make a big impact without spending big money, too. Subtle, well-thought-out and inexpensive updates are sometimes all that is needed to make a lasting impression and give you the edge in the market. Here are some budget-friendly updates you could do before listing your home:
The Guild comments on the Autumn Budget
Briefly discussing the housing market in his third Budget as chancellor, Phillip Hammond announced that he will extend the cancellation of stamp duty for first-time homebuyers on properties up to £300,000 to first-time buyers of shared ownership properties valued up to £500,000. He also stated that the measure would be retrospective, so that any first-buyer who has bought a home since the last Budget will benefit.