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The BBC has reported that the number of high streets shops left empty last year was one in seven.

 

So what can the landlord do to try and attract tenants?

 The best option is to be flexible with the lease terms for example allow rolling break clauses, longer rent free periods or offer short term lets. Lots of people starting up in business are cautious about entering into a long lease with high rents, the landlords need to work with the tenants and make their properties attractive to a new business. The benefit is that the landlord then has an occupied property, with a tenant paying the rents and carrying out repairs.

 

Most tenants and landlords do not instruct solicitors until the terms of the lease have been agreed I would always be happy to work with the landlord or the tenant in the lease negotiations.

 

If you are thinking about offering a property for lease or taking on a lease on a commercial property please feel free to email me climb@fidler.co.uk or to call 01623 448302 I would be happy to provide some guidance on the best way forward.

 

Christie Limb

 

 

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The Telegraph has reported that mortgage approvals have increased by almost a third in just one year. Mortgage approvals have increased sharply driven by first time buyers and low deposit borrowers. There has been a sharp rise in loans on properties valued at under £125,000.

It would appear that the backlog of first time buyers and now coming to the market.

It has also been reported by that house prices are increasing with Rightmove stating that the month on month increase of 4.1% was the highest recorded since 2002.

Rightmove have also recorded an increase in search activity on their website in January which they have stated could be pent up buyer demand.

If you are planning to buy a property please contact us for a competitive fixed price conveyancing quote.

 

Christie Limb

 

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At last it seems that first time buyers are starting to emerge . I previously blogged about ” and at that time we were waiting to see if the Council of Mortgage Lenders statistics would show an about turn and actually start top rise. Well this did happen (the article from the CML is here)  and on top of that I’ve read in the Estate Agent Today online magazine that  for Haart estate agents.

Some of this may be Haart trying to big things up, and some of it is exacertbated by the fact that the current Stamp Duty Holiday is due to end at the end of March (provided you complete your purchase by then) Whatever the reason, first time buyers returning to the housing market is good news for all – they tend to have a ripple effect creating far more housign transactions overall – which in turn is a nice helper to the economy

If you need a Conveyancing Quote then just click on the link

 

Cheers

 

Mark

 

 

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It has been reported by the Council of Mortgage Lenders that for the fifth month in a row the mortgage lending year on year has gone up.

It has also been reported that the average house price has increased,  Halifax have reported that UK house prices increased by 0.6% in January 2012. Halifax state that the average house price last month was £160,907.

What a good start to the year. Roll on 2012.

If you do decide that buy or sell your please contact us for a fixed price conveyancing quote.

Christie Limb

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