News from Peter Martin (London) Ltd

Below is our latest news

Government Helps Pay Rent

The future of the post Covid rental industry has become a serious topic after the all-party Housing Communities and Local Government Committee has released a 53 page report.

Written by: Toby Dawson

Summer Eviction?

Landlords currently have to give tenants 6 months notice for a section 21 eviction with a few exceptions to the waiting period. The primary issue for forward movement is the eviction ban which is constantly extended and is now due to end on the 31st of May, but considering the consistent extensions it is challenging for anyone to plan around that date.

Written by: Toby Dawson

Budget Announcement Extends Furlough & Stamp Duty

On 3rd of March the Chancellor of the Exchequer, Rishi Sunak released his 2021 budget which will heavily change the direction of the housing market in England.

Written by: Toby Dawson

Client Money Protection

The Client Money Protection Scheme was brought into effect in March 2019, making it compulsory for all agents to belong to a government approved CMP scheme. One of the primary campaigners for the legislation, the Association of Residential Lettings Agents (ARLA) estimated that £2.7 Billion pounds was held with as much as £700,000 not being protected.

Written by: Toby Dawson

London Exodus

London Exodus

Attention has turned over the last month to the population drop of London which has reduced for the first time since 1988. ESCoE estimations put the number at 1.3 million people leaving during the period of the coronavirus pandemic.

Written by: Toby Dawson

Tenant Loan Scheme

When it comes to tenant debt the English government has been debating while Wales and Scotland have been implementing

Written by: Toby Dawson

O2 Centre NW3 Development

A big announcement came from the 02 Centre in June 2019, where they have released their plans to convert their car park area into a 1,000 home complex. Since then the owner and property developer Landsec have looked to expand the concept into a 2,000 home complex along with a town square and park area.

Written by: Toby Dawson

Debt Respite Scheme

Tenant debt and Landlord expenses have been a heavy talking point, even more so now that legislation is being drafted to come into effect on the 4th of May 2021 which will completely tie the hands of landlords who are facing the issue of non paying tenants.

Written by: Toby Dawson

Happy New Year

From all the team here at Peter Martin we give thanks to everyone that has supported us over the last year.

Written by: Toby Dawson

Holiday Season

This will be a winter like none of us have experienced before, a time to be with your family is on hold during the pandemic. So while we may be more restricted during the holidays and winter, there are still some good things we can do to stay safe and see in the new year.

Written by: Toby Dawson

Featured Properties

Fees

TENANT FEES - NEW ASSURED SHORTHOLD TENANCIES (AST's) SIGNED ON OR AFTER 1 JUNE 2019

Holding Deposit - One week's rent, apportioned to first month's rent

Security Deposit - Five weeks rent if rent per annum below £50,000, six weeks rent if above £50,000

Unpaid Rent - Interest at 3% above the Bank of England Base Rate. Interest will not be applied until the rent is 14 days in arrears.

Lost Keys -  Tenants are liable for the cost of replacing any lost keys and/or security device including the costs of replacing any locks and/or security device if required. 

Changes to the tenancy agreement (Tenant's Request) - £50 inc. VAT (or reasonable costs if higher). 

Early Surrender of tenancy (Tenant's Request) - Should a tenant require an early surrender of their tenancy and should the landlord agree, the tenant will remain liable for the rent due under the tenancy until the date a new tenant takes up occupation of the property. The tenant will be required to cover the landlord's costs in connection with the  surrender of the tenancy and the re-letting the property