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Client Money Protection Scheme will now be mandatory

29th March 2019

From 1st April 2019, it has become mandatory that all property agents hold a registered membership with a certified money protection scheme. This is by way of insurance for landlords and tenants, to prevent rogue agents from keeping back money from deposits and rents if something goes wrong. Let’s look at what this means for landlords, and what you should be looking out for when you employ an agent to manage your properties.

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Article 4 and HMO’s

11th March 2019

In simple terms, Article 4’s were put in place a few years ago to manage the growth of HMO units in certain areas, and have been rolled out by councils across the country recently. If a proposed HMO is to be in an Article 4 designated area, then any would be HMO landlords would have to seek planning consent under Article 4 in order to be able to set up and operate a HMO in that area, but your HMO may also NOW need a license too...

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Could Brexit be good news for landlords?

11th March 2019

2019 is proving to be an unpredictable market for properties in the UK. As with many other industries, people are hitting pause in anticipation of the outcome of the Brexit deal. Could this turn out to be a good thing for landlords?

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Client Money Protection Review – Our statement

29th March 2017

After attending the annual ARLA Propertymark Conference and Exhibition yesterday, Concentric HQ are pleased to confirm to their clients that the government have accepted the Client Money Protection Review (CMP) and will be introducing mandatory CMP for all letting agents.

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7 things landlords might not know about LHA tenancies

20th February 2017

It’s a common phrase you see rounding off nearly every rental listing - “No DSS”. DSS – being the now-defunct Department of Social Security – refers to LHA tenants, the catch-all term for low-income tenants who claim Local Housing Allowance (LHA), named after the now-defunct Department of Social Security.

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Should I concentrate on capital appreciation in buy-to-let?

16th February 2017

The growth of the buy-to-let market isn’t slowing down, as the housing shortage in the UK continues. Because of this, you now see a lot of information out there to help landlords get the best rental yields for their properties, but interestingly there is less information on capital appreciation. More associated with buyers and vendors, capital appreciation is also a factor that landlords need to consider when they invest in property, now more than ever.

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Rent arrears - what landlords need to know

14th February 2017

Being a good landlord means having to deal with problems as they arise, whether it’s appliances that have stopped working, issues with neighbours or the tricky situation of handling rent arrears. You may have vetted your tenants thoroughly and to the correct procedure, but it’s not always a guarantee that they’ll pay on time. Sometimes, a tenant will hit hard times – they may lose their job, go through a major life change, or simply have a tough month with expenses - and you need a strategy to deal with rent arrears when they happen.

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Online agents vs. High street agents – who should you let with?

30th January 2017

The lettings industry is going through an online revolution. It feels like new agencies are setting up shop every day – lean, mean property-renting machines churning out valuations in seconds and getting you a sale all through a screen. As we become more squeezed for time in the modern world - and the process of selling or letting a property being time-consuming enough - the client numbers for online-only agents grow and grow. But, are they really doing the best job for you?

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Planning on investing in HMOS? The 7 Essential Factors You Need to Consider...

12th January 2017

Like any investments, HMOs come with risks and rewards. If you want insider knowledge gained from my many years’ experience in the property industry, I’ve got some insights that I’d love to share with you. Read on to discover how you can get ahead of the game when investing in HMOs.

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The Election of Donald Trump: Will it affect the UK Property Market?

9th December 2016

If you were to sum up 2016, in one word, what would you say? It’s certainly been full of surprises. Britain rocked the country by voting to leave the EU, David Bowie passed away and the world is still trying to get it’s head around the fact that Donald Trump was elected President of America.

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