Property Investors Weekly News: 20/7/2020

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Property Investors Weekly News: 20/7/2020

We hope you’ve recovered from all the property news last week and are ready for the week ahead. Are you able to make use of the stamp duty cut or maybe even the upcoming grant for home improvement?

Even more exciting news happened last week in property investment. We’ve collated this together for you and highlighted some of our top items below. Stay tuned for further deals this week as we have more in store for you!

Britain’s housing market sees post-lockdown mini-boom

Britain’s housing market is enjoying a post-lockdown mini-boom fuelled by this month’s stamp duty cut and asking prices being pushed to a record high, according to research by Rightmove. Estate agents are saying that property enquiries are literally ‘through the roof’.

https://www.theguardian.com/business/2020/jul/20/britain-housing-market-post-lockdown-mini-boom

How Stamp Duty Discounts Work For Landlords

Guide on how the stamp duty discounts work for Landlords in England, Scotland and Wales.

https://www.landlordsguild.com/how-stamp-duty-discounts-work-for-landlords/

The end of discriminatory ‘No DSS’ clauses in rental contracts?

A landmark ruling has judged housing benefit discrimination as unlawful and in breach of the Equality Act.

This case sends a warning to landlords and letting agents that rejecting tenancy applications solely on the grounds that the applicant is in receipt of housing benefit is unlawfully indirectly discriminatory and could face legal action.

https://www.newstatesman.com/politics/uk/2020/07/end-no-dss-court-has-finally-ruled-housing-benefit-discrimination-unlawful

Rightmove chooses not to claim the government’s furlough bonus payments

Rightmove has joined several other major U.K. companies, including Primark, in rejecting the offer of millions of pounds in payouts from the government’s coronavirus job retention scheme bonus.

https://propertyindustryeye.com/rightmove-chooses-not-to-claim-the-governments-furlough-bonus-payments/

Stay safe and speak soon!

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