D.O Property Management

25/10/2022

Bond Street opening marks the completion of the last new station on the new railway

17/06/2022

Section 21 (eviction notices) potential reform. The measures suggested will not become law until they’ve been introduced and passed through Parliament, which could still take a while. More details are below in the article.

https://www.rightmove.co.uk/news/articles/property-news/renters-reform-section-21-to-be-banned-england/?utm_source=clipboard&utm_medium=sharing&utm_campaign=news

June 16, 2022 Property news Share this Page link copied! Government rental reforms will ban Section 21 evictions in England June 16, 2022 Property news Share this Page link copied! Today has seen the government announce its new Rental Reform Bill for England, which aims to protect tenants, and ensur...

30/05/2022

Asking prices on the rise! An article detailing more is attached below!

It’s been a busy year for the housing market so far. With so many people looking to move, we've seen asking prices across Great Britain hit new records in each of the last four months.

01/12/2021

AN EMPTY Friar Street property is set to be sold for almost £4 million before it is turned into a hotel.

07/06/2021

It would appear that permission has been granted for the 110 flat conversation!

https://www.readingchronicle.co.uk/news/19351163.mobil-company-threes-reading-offices-will-converted-110-flats/

Mobile company Three’s offices by the River Thames will be converted into more than 100 flats after the council approved the plans this week.

08/05/2021

Possible conversation of offices into 110 Flats.

https://www.getreading.co.uk/news/property/mobile-threes-offices-reading-set-20484655?fbclid=IwAR0oJ0Px_igpytJCpoTZcZsEp44ZkTDQktfZGbvl5-UCLLmnadepimFT1as -section

The block is by the River Thames and Reading Station

11/03/2021

In case you missed it here's some of the important takeaway points from the budget announcement that affects landlords, future landlords to be & tenants:

1. Stamp Duty holiday extension
Extended the Stamp Duty holiday with a nil rate up to £500,000 until 30 June. From then, the nil rate threshold will be £250,000 until September 2021, returning to the pre-covid threshold of £125,000 in October. This will prevent thousands of sales from falling through that have been stuck in the backlog of conveyancing work.

2. Government-guaranteed 95% mortgages
A new 5% deposit scheme, with 95% mortgages guaranteed by the Government, is to be launched across the UK from April. This new scheme should help many would-be buyers who can afford a mortgage but struggle to raise a big enough deposit to take that first step onto the ladder. With a property limit of £600,000 and availability to all buyers.

3. Extension of the furlough scheme
Has been extended again until 30 September. Keeping people in employment whilst unable to operate & ensuring individuals can keep up to date with living costs.

*Other announcements that may affect you:
- Further announcements regarding any longer-term tax reforms will be made on 23rd March 2021 - a new ‘Tax Day’ and extension of the budget.
- Business rates holiday extended to June.
- Universal credit increase extended another 6 months until the end of September.
- Pensions lifetime allowance is frozen until 2026.
- Personal tax thresholds will be frozen from next year until 2026.
- Corporation tax will rise to 25% in April 2023. The UK will still however have the lowest corporation tax in the G7.

25/11/2020

Station Hill redevelopment to potentially get even bigger. If approved, it may see the demolition of Garrard Street car park. See the below article for more info.

Lincoln MGT already has permission for more than 1,000 homes on the site in Reading town centre

21/11/2020

Interested to know what Reading could look like in the next decade? The article below shows various new developments either awaiting planning permission, in progress or soon to be in progress!

A massive transformation is planned for the area around Caversham Road