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New code for agents selling new-builds

Estate Agent Today - 7 April 2014 - 1:00am

Agents selling new homes for developers are being issued with a consumer code created by a collection of agency and housebuilding organisations.

It seeks to ensure that buyers of new homes “are treated fairly and are fully informed about their purchase before and after they sign the contract”. It applies to buyers who reserve to buy a new or newly converted home built by a home builder registered with NHBC, Premier Guarantee or LABC warranty companies.

The code is the product of collaboration between the National House Building Council, the Construction Employers’ Federation, the House Builders Association, the Council of Mortgage Lenders, the Federation of Master Builders, the Home Builders’ Federation and several warranty insurance companies.  

The code covers a wide range of points, most of which are undertaken already by the best agents.  

This includes point-of-sale requirements such as having clear sales and advertising material; pre-contract information such as written explanations of warranty cover and a clear description of management charges; plus the availability of a plan showing the layout, appearance and plot position of any properties for sale but not yet completed. 

The code also covers exchange of contact terms and conditions, making clear to buyers what cancellation rights exist, and issues such as extra work which may be required by a purchaser at additional cost.  

Construction, completion and handover processes are also set out in the code, along with the requirement for an agent to explain a clear complaints and disputes procedure and the need for agency staff to cooperate with other professional advisors in the event of a dispute being raised by a customer. 

The documents explaining the code and its repurcussions for agents, customers and house builders themselves are lengthy and available online from www.consumercodeforhomebuilders.com.

 

  • Estate Agent
  • Newbuild homes
  • Consumer Code
Categories: News feeds

Agencies join forces to enter Oxford market

Estate Agent Today - 7 April 2014 - 1:00am

Cotswolds specialist Butler Sherborn is expanding into the lucrative Oxford city market. 

The firm, which currently has offices in Cirencester, Burford and Stow-on-the-Wold, is joining forces with Kemp & Kemp Residential to create a business that will offer residential sales, lettings and management services as well as land and new homes investment plus consultancies in renewable energy, equestrian and farms and estates.

The enlarged network will operate under the Butler Sherborn brand. 

“Given its status as an internationally renowned city, Oxford is hugely strategic for us, and under the Butler Sherborn brand we will be able to build both a significant urban and rural presence” says Sam Butler, senior partner and founder of Butler Sherborn. 

Gavin West, managing director of the former Kemp & Kemp Residential, says: “This will help transform our previous business into a much more sophisticated and broad-based organisation. Both firms have long established reputations and [are] noted for providing a ‘local’ and serious alternative to the national agency brands. This is a rare and exciting opportunity to create something with such potential.”

 

  • Estate Agent
  • Butler Sherborn
  • Kemp & Kemp
  • Oxford
Categories: News feeds

HMRC issues new agency money laundering guidance

Estate Agent Today - 7 April 2014 - 1:00am

HM Revenue and Customs has set out new guidelines on money laundering regulations now it has taken over supervision of estate agents from the defunct Office of Fair Trading. 

The guidance will come as little surprise to most agents but it reiterates that agents must register with HMRC if they conduct work under section one of the Estate Agents Act 1979.

This type of work includes, for example:

- sending out property particulars and arranging viewings;

- offering personal advice to potential sellers or buyers;

- receiving and fielding queries from potential sellers or buyers and passing on details to customers;

- providing an energy performance certificate or arranging for it to be provided; 

- providing a property valuation;

- providing a plan of a property and taking photographs;

- providing clients with a ‘For Sale’ board which contains agency contact details.

You don’t need to register if you’re a letting agent, an auctioneer already listed with the HMRC as a so-called High Value Dealer or - interestingly - if you are a solicitor carrying on estate agency work as part of that practice as a solicitor but not as a separate business.

If you qualify to register but fail to do so it is an offence. The full guidelines are on www.gov.uk/registration-guide-for-estate-agency-businesses? 

You can get further information by email on mlrregistrationenquiries@hmrc.gsi.gov.uk or by phone on 0300 200 3700 or by post at: 

HMRC Anti Money Laundering Supervision, Alexander House, 21 Victoria Avenue, Southend on Sea, SS99 1AG

 

  • HMRC
  • Money laundering
  • OFT
  • Estate Agent
Categories: News feeds

Network Auctions' network hits a half century

Estate Agent Today - 7 April 2014 - 1:00am

Three agents have joined Network Auctions, bringing the network to 50.

The newbies are Goodchilds in the Midlands, which has a network of 16 offices, Haigh & Sons in Bristol, along with Hill & Clark which has offices in the Lincolnshire towns of Boston, Spalding and Holbeach. 

Goodchilds managing director David Warke says: “We've been looking at offering an auction service for some time but it was very important to us to join forces with a like-minded organisation where the strength of our brand could be maintained and built upon.”

Haigh & Sons owner Martin Haigh is adding auctions to his existing sales and lettings business. “We feel that with auctions growing in popularity as a method of sale that the time is right for us to join" he says. 

Hill & Clark local director Jill Kirby comments that “being Network Auctions’ partner complements our established sales, lettings, block management and commercial activities.”

The latest recruits are the results of a bid by Network Auctions to develop a national network of estate agents keen to have an additional income stream through auctions. 

  • Estate Agent
  • Auctions
  • Auction Network
  • Goodchilds
  • Haigh & Sons
  • Hill & Clark
Categories: News feeds

Thunderbirds-themed house on sale for £3 million (missiles not included)

Daily Telegraph - 6 April 2014 - 10:54am
Property developer Eddie Mitchell built the Thunderbirds-inspired home in Poole, Dorset, in 2005 based on the International Rescue Organisation's secret base on Tracy Island






Categories: News feeds

Why gorgeous Georgian homes are reigning again

Daily Telegraph - 6 April 2014 - 7:00am
Sophisticated and stately, the Georgian era's handsome, ordered homes are still the ultimate status symbol, says Caroline McGhie






Categories: News feeds

My space: Steve Bowkett, architect

Daily Telegraph - 6 April 2014 - 7:00am
Architect Steve Bowkett shows us the dining room of his home in rural Buckinghamshire






Categories: News feeds

Landlord Law Blog Roundup from 31 March

Landlord Law Blog - 5 April 2014 - 10:48am

The first part of the week was coming down from the Conference.  The second part of the week for me was dominated by doing the podcast with Alan Ward.

I am using a new system called webinarjam which is based on Google Hangouts.  Needless to say 20 minutes before we were due to start my PC crashed and I had to use my macbook.

So that put me on the wrong foot and I was a bit rubbish – Alan of course was superb and gave a really interesting interview.

I have also signed up to a new system (called Libsyn) for hosting the podcasts as feedburner is a bit limited, so I have also had to get my head around that – setting it up and changing my feed in iTunes etc.

Its a good system though with some interesting features – watch this space!

But what happened on the blog?

Monday

Essential Legal Points for Landlords #landlordlawessentials

Looking to the future, this is about some services we have for people who want to learn more about the legal side of renting property.  Find out more here …

Tuesday

Photos from the Landlord Law Conference #lllconf

I was so excited to get the photos from our brilliant photographer Phil Smithies – they really capture the feeling of the day.  Take a look at them here …

Wednesday

Tenancy Deposit Issues when buying a property with a tenant in situ

This is a blog clinic question and is a problem that probably often happens when you buy an investment property with a sitting tenant.  Find out more here …

Thursday

Can this landlord make a claim against the court for a botched eviction?

I bet a lot of landlords say this.  See what I had to say about it here …

Alan Ward of the RLA – the Landlord Law Live Interview #landlordlawlive

This is the audio podcast I created from the live interview that took place with  Alan.  Alan had some interesting things to say and I highly recommend that you listen to the podcast.  FInd it here …

Friday

Ben Reeve Lewis Friday Newsround #148

Ben is looking around for a stab vest, while musing on million dollar studio flats, bad landlords and Councillors working up to the election.  Read it all here …

 

Further reading

 

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Alan Ward of the RLA – the Landlord Law Live Interview #landlordlawlive

Landlord Law Blog - 5 April 2014 - 9:16am

This is my interview with Alan Ward who is the Chair of the Residential Landlords Association.

I was intrigued to learn, while talking to Alan, that not only is he a landlord – he has also built properties to rent as well.  As you will hear, he believes that more landlords should do this, and has some interesting ideas about how this can be done.

We also talked about accreditation – whether it is worthwhile, and also about how regulations should best be enforced.  Whether via a landlords register or some other method.

I really enjoyed my chat with Alan and I am sure you will enjoy listening to it. You can listen to it on the player below:

Note that you can also find us on itunes >> here. >> Click here to be kept informed of new Landlord Law Live events

>> Click this link to listen to the podcast

Confused by podcasts?  See our >> podcast guide.

Could now be the worst possible time to buy to let?

Daily Telegraph - 5 April 2014 - 7:15am
Startling figures compiled by the Telegraph show how buy-to-let profits could dry up by 2017






Categories: News feeds

Design notebook: the best prettily-packaged soaps

Daily Telegraph - 5 April 2014 - 7:00am
The latest interiors products and news, from the best soaps to Ralph Lauren baskets






Categories: News feeds

Fit for a king: homes with royal connections for sale

Daily Telegraph - 5 April 2014 - 7:00am
We've donned our crowns and found the best houses with royal links on the market






Categories: News feeds

Best way to get tenants to agree a call on their damage deposit?

Property 118 - 5 March 2014 - 11:10am

Hello all, I need a bit of advice on how best to get my vacated tenants to pay for a slightly cracked basin, stained mattress and dirty walls which I think are all beyond anybody’s reasonable expectation of fair wear and tear. They were good tenants and were in the property for three years and only... Read more

The post Best way to get tenants to agree a call on their damage deposit? appeared first on Property118.com.

Categories: News feeds

Tenant Sent to Jail

Property 118 - 3 March 2014 - 6:14pm

Hi All Have just followed a thread from a few years ago about an “abandonment notice”. I found out last week that one of my tenants has been sent to jail for two months. He is a tenant in receipt of housing benefit. The council have suggested that I put an abandonment notice on his... Read more

The post Tenant Sent to Jail appeared first on Property118.com.

Categories: News feeds

Minimising risks by maximising returns

Property 118 - 3 March 2014 - 4:52pm

Whether you’re new to investing in property or a seasoned investor, you will no doubt be keen to minimise the risk of your investment whilst maximising the return, and it may appear that striking the balance between the two is the key to success in the field of property investment. When I speak to investors... Read more

The post Minimising risks by maximising returns appeared first on Property118.com.

Categories: News feeds

Does a 2nd tenancy supersede the first?

Property 118 - 3 March 2014 - 4:38pm

Dear Readers, I have a tenant on LHA in a 3 bed property rented for £695 since 2010 The Council sent a payment for approx £50 less stating reason as deductions for non dependent. I phoned the council and they said the son had turned 18 and left college in July hence the deductions and... Read more

The post Does a 2nd tenancy supersede the first? appeared first on Property118.com.

Categories: News feeds

No Tenancy Agreement – and I need vacant possession for HMO sale?

Property 118 - 3 March 2014 - 4:04pm

Hi All I could use a bit of advice, I have been forced into the situation that I have to evict several tenants from my HMO property in the next three months. I have looked online for templates re notice to quit. None of the tenants have tenancy agreements as they have lived there for... Read more

The post No Tenancy Agreement – and I need vacant possession for HMO sale? appeared first on Property118.com.

Categories: News feeds

How crucial is lift for a 2nd floor flat?

Property 118 - 3 March 2014 - 2:49pm

I’m a first time buy to let landlord. Just reserved a 2nd floor 1 bed flat in an office conversion with walking distance to Sutton train station. The design of the flats are such that all 5 units have access to lifts (& stairs) except the two corner units, one of which on the 2nd... Read more

The post How crucial is lift for a 2nd floor flat? appeared first on Property118.com.

Categories: News feeds

Property118 Members vs West Bromwich Mortgage Company

Property 118 - 3 March 2014 - 11:25am

We’re off to court!  Borrowers representing 84 mortgage accounts affected by the West Bromwich Mortgage Company 1.9% rake hike to their tracker rate mortgage margins attended a secret meeting of paid up campaign members on 27th February 2014. At that meeting it was confirmed that 420 affected mortgages are currently represented by the campaign group.... Read more

The post Property118 Members vs West Bromwich Mortgage Company appeared first on Property118.com.

Categories: News feeds

Buyers Premium Rip-Off At Property Aution

Property 118 - 28 February 2014 - 2:41pm

Help! I have just purchased a property at auction for the first time. I read through all the T&C’s in the brochure and legal pack and also took professional advice from my solicitor. Neither of us were aware of a Buyers Premium so it was a bit of a shock when £3,000 was added to... Read more

The post Buyers Premium Rip-Off At Property Aution appeared first on Property118.com.

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