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Crisis in Private Rentals — Bad News for Landlords and Tenants

Figures just out show that private rents increased in the past 12 months at a rate well above inflation. At the same time, as prospects seem to be diminishing of the renters reform bill passing before the election, record numbers of tenants are being forced to move. It might seem at a casual glance that this is all great news for buy-to-let owners, but it’s actually not that simple. If you’re a private la
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Are You Ready for the Changes in Employment Law?

If you employ people in your business, you already have plenty of things to remember for their terms of employment. Well, since 6th April there are two more — and not being ready for them could land you in trouble. Changes to Flexible Working Rules The Covid lockdown finally put paid to the already dying traditional model of working, where everyone came into a workplace and stayed from nine till five. Depending on th
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How High Will Monthly Mortgage Repayments Rise?

With the recent steep rises in the Bank of England’s interest rates, it was inevitable that mortgage repayments were going to rise. However, a recent survey suggests that the position is worse than most people expected. It’s now expected that monthly repayments will rise by an average of £617. The Research Results According to research by The Mortgage Lender (TML), 80% of homeowners are concerned about rising rates,
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Are Supply-Chain Delays Killing Your Business?

Business owners generally focus most on the sales that bring in the income, rather than on their suppliers. That’s understandable, but it can also be short sighted. Recent research by retail bank Aldermore has found that well over half of SMEs have suffered supply-chain problems in the past year — and this has cost a total of £1.9 billion. Why Are There Supply Chain Delays? Disruptions to supply chains have been goin
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SMEs Are Targeting Growth in 2023 — But There Are Challenges

With rampant inflation and a cost-of-living crisis in progress, it would be easy to assume that businesses would be consolidating and cutting costs. While some may be, though, the attitude where SMEs are concerned looks surprisingly optimistic. There are challenges, however. So, should you go for growth or concentrate on playing safe? SMEs Planning for Investment A recent survey by retail bank Aldermore has revealed
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Are Your Properties Mould-Free?

If you rent out residential properties, you must be aware of the tragic case of Awaab Ishak, the Rotherham toddler who died in 2020 from exposure to mould in a rented home. In this case, the property was owned by a housing association, but if you let your property privately, you could be personally responsible for such an incident. So, what do you need to know about mould and how to prevent it? What Are the Dangers f
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Landlords — Do Your Carbon Monoxide Alarms Meet the New Rules?

The many regulations imposed on landlords of residential rental properties may seem a hassle at times, but most are simply what a responsible landlord would want to conform to. This is certainly true of the rules around carbon monoxide alarms — and these are to be updated in a couple of months. Why Are Carbon Monoxide Alarms Essential? The last thing any landlord wants is for tenants or their guests to be killed by c
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Payment Holidays — Do You Understand the Implications?

The financial effects of the pandemic have been severe on many of us, whether we’re acting as companies, landlords or individuals. One lifeline has been the ability to take “payment holidays” in the repayment of mortgages, loans or debts. This has been invaluable — but is it really the straightforward benefit it seems? Recent research by Resolver suggests it may not be. Payment Holidays Early in the
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Three Essential Steps Before Signing a Commercial Lease

Any legal document requires close scrutiny before you sign it, and this is certainly true of a commercial lease. The ideal solution would be to have the agreement drawn up by a commercial law solicitor working for you, who’ll ensure there are no nasty surprises. Often, however, your landlord will present you with a ready-made agreement. Most landlords won’t be trying to cheat you, but the agreement will have been dra
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Financing your business: What are the alternatives?

A guide to alternative business finance Setting up a business and funding it while it takes its first, unsteady steps in the world can be an expensive proposition. As it grows and becomes more resilient, a successful company will begin to be able to stand tall on its own 2 feet, but the initial infancy can be resource intensive. Traditionally, a business in need of finance walked into a bank and asked for it. Today,
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