Rat and Mouse
Mon
13
Apr

LidDems announce mansion tax bands [Sunday Telegraph]
33% of single-property landlords fail to turn profit [Property Industry Eye]
Average home changes hands only once every 23 years [Estate Agent Today]
Cob building… the future? Or daft Sky News story? [Sky]
How agents know what you’re going to do before you do [Estate Agent Today]

The Rat and Mouse - it’s about your house 

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Fri
10
Apr

Yesterday… interest rates remain at record low [BBC]
How to make a nice planter from an unwanted/old Foxtons for sale board [Brixton Buzz]
Online agent claims high street competition over-valuing properties by average of £74,000 [Property Industry Eye]

The Rat and Mouse - it’s about your house 

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In a survey by betting company Spread Co, Londoners have been named the UK’s most boring… with 47% admonished for being too dull on one or more occasion. We're uncommonly risk-averse in a risk-averse country, too, where one-in-six considered eating something past its sell-by date a high-risk activity. Something tells me this isn’t science, but if you want more, it’s here.

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Thu
09
Apr

Halifax reports a 0.4% rise in house prices in March, but a slight slowing of the annual (three month on three month) rate of inflation from 8.3% in February to 8.1%. The lenders' analysts expect this figure to half by the end of the year, as slow wage growth bites at the bottom end of the market. Get your own copy of the report here.

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Wed
08
Apr

He’s expected to announce what he hopes will be a vote-winning pledge today, scrapping the 18th Century tax loophole allowing “non-domicile” UK residents to avoid paying tax on worldwide income in the UK, an advantage not afforded UK residents with international business interests. Roughly 100,000 tax payers currently take advantage of the rule, and there’s controversy regarding what exactly constitutes a non-domicile residency, with some non-doms enjoying the tax shelter simply having lived abroad for a few years, having an overseas bank account or - according to the Guardian - just an overseas newspaper subscription.

Critics of the move point out, however, that non-doms contribute considerable sums on British earnings to the Government, and that the policy risks a flight of high-networth individuals from London. Combine this with a mansion tax… and I’m sure some agents are wondering what a Labour government might do to the top end of the London residential market. 

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Tue
07
Apr

More protests outside Foxtons Brixton [Property Industry Eye]
Families are giving up on home ownership [Daily Telegraph]
Kentish Town Foxtons in doubt [Estate Agent Today]
Do decorators at Cameron’s North Kensington home mean there are plans to sell? [Daily Mirror]

The Rat and Mouse - London’s property blog 

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Fri
03
Apr

Happy Easter, by the way. Here’s a good story. Maksim Bakiyev, the son of an ousted president of Kyrgyzstan (don’t worry, I had to look it up too), has been found guilty (in his homeland) of the attempted murder of one British citizen Sean Daley, following a business rivalry. Daley was shot and badly wounded. Bakiyev, however, claims the charges were politically motivated and is currently living in a £3.5m house in the suburbs. Daley’s not too far away, in Oxfordshire. Awkward.

While Daley and Kyrgyzstan prepare to battle it out in a civil action in the British courts, attention is turning to the London property, which is said to be owned by a Belize-base company registered shortly after Kyrgyzstan arrived in the UK. Global Witness - an organisation highlighting links better global organised crime, human rights abuses and the world’s natural resources - is taking the opportunity to accuse London estate agents of turning a blind eye to evidence of large-scale money-laundering in the residential property market. Full story here.

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Thu
02
Apr

Since June last year, house sellers and estate agents have been legally required to tell buyers about structural defects and any other information that could affect their decision to make an offer. This includes if a previous sale has fallen through because of a bad survey. Sellers must detail the problems identified, as well as disclose any known defects within the property.

The requirement also extends to anything that could inhibit the buyer’s enjoyment of the property, including noisy or problem neighbours.

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Wed
01
Apr

The Telegraph has the best coverage, including plans, of an upmarket neighbourly dispute over the Beckham’s modernisation proposals for their large Holland Park home. Surprisingly, it appears to be their plans for air-conditioning that’s proved the final straw, prompting a local resident to demand the council consider "all adverse impacts on living conditions from noise, vibration, dirt, pollution and dust from construction and from associated traffic, in addition to concerns about impacts on drainage, on appearance and landscape, on structural stability, and on historic buildings”. So, pretty much everything. More here.

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Tue
31
Mar

OnTheMarket agents sell quicker… but why? [Property Industry Eye]
ARLA fears tenants could damage property to avoid eviction [Property Industry Eye]
London rents double UK average [City AM]
How architects keep build costs down when they’re the ones paying [Curbed]
St John’s Wood pub saved from residential conversion… only to turn into an estate agents [Estate Agent Today]
Fulham’s Sands End… glittering [Homes & Property]

The Rat and Mouse - it’s about your house 

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Mon
30
Mar

It’s all getting a bit post-modern at SellyMyHome and RentMyHome. You’ll need to turn your speakers up. Just kidding.

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Fri
27
Mar

That’s according to Labour’s own mansion tax definition (has Labour actually referred to it as a “mansion tax”?) of a property worth £2m or more, and Zoopla’s valuations of the three main party leaders’ homes. Miliband’s north London home is valued at £2.73m, increasing in value by £1m since the last election. Cameron and Clegg’s homes are valued at £1.97m and £1.89m respectively. More here.

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Thu
26
Mar

Landlords… how would you feel about your tenants running a B&B on your property? [Property Industry Eye]
Who’s the agent dining with Cheryl? [Property Industry Eye]
Duncan Bannatyne slams mansion tax proposals [Daily Mirror]
Former Man U footballer to join Homes Under The Hammer team [Estate Agent Today]
Commuter towns an hour from Liverpool Street [Homes & Property]

The Rat and Mouse - it’s about your house 

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Wed
25
Mar

According to data from Paragon Mortgages rental voids are at their lowest level since they began surveying landlords 13 years ago. In the first quarter of the year, the average time a landlord could expect a property to remain between tenants was less than two and a half weeks. And remember, these are national figures. More here.

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Tue
24
Mar

It’s a question of priorities, and it was answered in last week’s budget, according to a very readable and intelligent piece in the Red Brick blog. Total cost of all the Governments potential market-boosting giveaways (factoring in the Help To Buy ISA): £33bn by 2020. Grants, loans and guarantees to build affordable housing: £16.5bn. 

This not only makes nonsense of government arguments about austerity, it also shows yet again that the government favours the better-off, as of course the scheme will dispense money in inverse proportion to need.

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Mon
23
Mar

Concerns about plans to outlaw subletting bans [Property Industry Eye]
Estate agent/cravat scandal [Property Industry Eye]
Secret sale in the heart of Mayfair [Daily Telegraph]
Changing rooms… Laurence Llewelyn-Bowen de-Bowen’s to make it sell [Daily Mail]
Labour MPs angry at Knight Frank letter to Wandsworth residents [Estate Agent Today]

The Rat and Mouse - it’s about your house 

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