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Families facing poverty because of housing costs are £1400 better off without tenancy deposits

Thursday, December 8, 2016

·          Property expert: “Scrapping rental deposits saves a family in poverty almost £1500, scrapping letting agent fees will just make things tougher”. A major report suggests the number of people in privately rented homes living in poverty has doubled in a decade, with its aut...

3.7% rise for North East house prices in November

Thursday, December 1, 2016

•    Typical home in the region sees value rise by £6139 •    North East property prices recording year-on-year growth of 5.6% •    Easington (6.4%) sees fastest growth, while Darlington (-0.04%) is only area to see values fall. Prices in North Shields (11%) have grown the fastest ...

Autumn Statement: “Letting Agent fee ban won’t help the JAM families’”

Wednesday, November 23, 2016

Autumn Statement: “Letting Agent fee ban won’t help the JAM families’”     Property boss: “I’m not convinced the best way to help people who are just about managing is to raise their rent”     “This move has been on the cards for some time and as letting agents we only...

Quitting landlord survey “worse than the polls which missed Brexit and Trump”

Thursday, November 17, 2016

Are a quarter of landlords really about to sell up? No. No they aren’t. A property expert has poured scorn on a survey suggesting a quarter of landlords are about to sell their properties – describing it as “less accurate than the polls than missed Brexit and Donald Trump” The Residential Landlord Association this week ...

Televisions, boilers and beds top list of items taken from rented homes

Friday, November 11, 2016

Light-fingered North Easterners have owned up to taking televisions, boilers and even a king-sized bed from rented properties when the time has come to move house. Figures from one insurer recently showed that 30% of renters believe it is reasonable to take things which don’t belong to them when they move house. It isn’t just pots ...

North East house price rise 5% in two months

Wednesday, November 2, 2016

•    Regional house prices rise 3% in October, adding £5070 to the value of an average home. •    Cramlington (6.5%) sees region’s largest rise for second consecutive month. Prices also rise sharply in Tynemouth (4.3%) and North Shields (4.2%) with values increasing in all 20 areas surveyed. &bul...

North East homes taking a month less to sell

Thursday, October 27, 2016

Research has revealed that North Easterners looking to sell their properties should be prepared to wait seven months for a buyer – but also that the wait will be a month less than a year ago. Analysis of 15 North East areas by sales and lettings firm KIS shows homeowners in the region wait an average 222 days to sell their property – ...

Inflation rise sees renters £880 out of pocket

Thursday, October 20, 2016

Inflation is at its highest rate for two years – and renters are left paying the price. Figures from the Office of National Statistics show that inflation calculated using the Retail Price Index has risen to 2% – more than double this time last year. This means an average rental deposit loses £23 of its value every for every...

£1m tenancy deposit theft could be “just the tip of the iceberg”

Thursday, October 13, 2016

Crooked letting agents have been convicted of stealing £1,018,100 of deposits this year alone – and one campaigner believes this figure could be the tip of the iceberg. The total is the equivalent of 1000 renters being ripped off to the tune of £1100 – the average UK rental deposit – with at least one landlord ...

Property expert backs government housing plans

Wednesday, October 5, 2016

A leading property expert has given the thumbs up to government plans to tackle Britain’s housing shortage which including convert abandoned shops and officers into housing. Speaking from the Conservative Party conference in Birmingham, Ajay Jagota of North East sales and lettings firm KIS and deposit-free renting solution Dlighted called...
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