Legal Q&A: I have a small portfolio of rental properties. Will I be affected by the recent ban on tenant fees? June 18, 2019 The short answer is that if you are renting out properties in England under an assured shorthold tenancy, students let or licence, you are going to be affected by the recent ban on tenant fees. It is now unlawful for you or your letting agent to charge any fees other than those which are prescribed [...]
Safestore boosted as self-storage market resilient to economic uncertainty June 18, 2019 Self storage company Safestore enjoyed an earnings boost in the first half of the year as occupancy rates rose in its UK and Parisian stores. However, profits fell more than 50 per cent due to a reduced gain on its investment properties. Read more: Safestore plans four new units after strong year of growth The [...]
Which stocks are in the dividend danger-zone? June 18, 2019 Dividends are one of the perks of the stock markets. While investors can opt to take dividends as cash, reinvesting them can have a powerful impact on your portfolio. According to analysis from Fidelity, if you’d invested £100 a month in the FTSE All Share index over the past 30 years and reinvested all of [...]
UK house prices near record high for new homes on market June 17, 2019 UK house prices for newly-marketed properties neared a record high this month, spurred on by a cluster of UK regions shrugging off recent political uncertainty. Read more: UK house prices grow at fastest rate for two years Four northern regions witnessed their highest ever asking prices in June, pushing property prices nationally up 0.3 per [...]
Average UK law firm partner pay tops £200,000 June 17, 2019 Average earnings for partners at UK law firms has broken through the £200,000 barrier, according to research published today. Average earnings reached £201,000 last year, up seven per cent on £187,000 the previous year and 35 per cent up on £149,000 five years ago. The increase reflects the continued growth of the UK’s legal sector [...]
City Moves for 17 June – Who’s switching jobs? June 17, 2019 Today’s City Moves includes Cushman & Wakefield, Wavemaker and Stenn International. Cushman & Wakefield Cushman & Wakefield has appointed Greg Mansell as head of UK research and insight, based in London. Greg joins the firm with more than 10 years’ experience researching and forecasting global real estate markets. Most recently, Greg has run his own [...]
Second home ownership soars towards the value of £1 trillion June 15, 2019 The number of British people owning a second home has soared by more than 50 per cent since 2001 as the value of additional property wealth nears £1 trillion, according to a new report. Research from think tank the Resolution Foundation revealed that 5.5 million people – around one in ten of the UK population [...]
Most Help to Buy beneficiaries ‘did not need scheme’ June 13, 2019 The government’s Help to Buy scheme has been accused of subsidising existing homeowners, after it emerged most people who have bought a house using the programme could have done so without it. A National Audit Office report today said three-fifths of buyers could have bought a property without the support of Help to Buy, “but [...]
We could soon see the death of help to buy June 12, 2019 Pertinent questions about the government’s help to buy scheme are raised by the National Audit Office (NAO) this morning following a thorough review of the programme. Firstly, the report says that “three-fifths of buyers could have bought a property without the support of help to buy”, while nearly a third could have bought the standard [...]
Cricket World Cup: Scotland chief executive Malcom Cannon on qualifying heartbreak, the 10-team format and becoming a full member June 11, 2019 The World Cup may be in full swing across the country right now, but not everyone involved in cricket is revelling in the occasion. With the focus solely on the 10 teams competing, it is easy to get swept up by the occasion and forget the longstanding debate surrounding tournament’s format. Not if your name [...]