News Archive for May 2022

'We’ve been inundated’: UK housing market frenzy shows no signs of slowing

21 May 2022 Written by: Julia Kollewe

Fresh To The Market

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New Instruction

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For Sale - Hackney, E5

Offers in excess of £1,375,000

5 2 1

New Instruction

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For Sale - London, E8

£425,000

1 1 1

For Sale

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For Sale - London, E5

£475,000

2 1 1

Sold STC

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Sold STC - London, E8

£450,000

2 1 1

New Instruction

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For Sale - London, E5

£475,000

2 1 1

For Sale

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For Sale - London, E2

£750,000

2 1 1

Let Agreed

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Let Agreed - London, E2

£3,750 pcm Tenancy Info

3 1 1

Let Agreed

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Let Agreed - London, E9

£2,500 pcm Tenancy Info

2 1 1

Let Agreed

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Let Agreed - London, E5

£2,000 pcm Tenancy Info

2 2 1

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Fees

Refundable Holding deposit - Capped at 1 weeks rent

Security Deposit - Capped at 5 weeks rent for annual rental under £50,000, or 6 weeks rent for annual rental over £50,000

Rent - The agreed monthly rent

Changes to tenancy - Capped at £50 inc VAT

Early termination charge - Not exceeding the landlord’s financial losses

Late payment of rent - Interest of 3% above BoE base rate for each day the rent is late, once it is 14 days overdue

Replacement keys - Reasonable costs or give the tenant the option to purchase themselves

Utilities, council tax, communication services, TV Licence etc - Tenants own responsibility unless otherwise stated in contract

Client Money Protection Scheme Membership details - The law requires your membership details

Property Redress Scheme Membership details - The law requires your membership details