Squires House Properties

Electrical Inspection Reports- Now compulsory from April 2021

Mark — Sun, 28 Feb 2021 11:46:52 +0000

In addition to the legal obligation to obtain an EPC and the legislation relating to tenanted properties that require them to meet Category standard E ( thereafter it will need to be improved to meet Category C), new legislation governing the safety of electrical installations requires that you will need, by 1 April 2021, to obtain an EICR (electrical installation condition report) and carry out, at your cost, whatever improvements are recommended.

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February 2021-Major Portfolio Acquisition of over 400 houses in North West England

Mark — Sun, 28 Feb 2021 11:42:26 +0000

Squires House Properties has acquired a portfolio of residential properties which has been in the same family ownership since construction. The portfolio is let on a mixture of assured shorthold tenancies and long standing, secure tenancies subject to regulation under the Fair Rents Act. The purchasing company is an award winning housing development company which provides private rented homes across the North of England. Backed by private equity funding, the proposed regenerative scheme is most impressive and will be undertaken over a period of 5-10 years with the objective of continuing the high-quality accommodation associated with purchasing company, making their homes a popular choice among renters seeking safe and attractive environments in which to live.

TESTIMONIAL FROM SELLER:

“Over the past 15 years, I managed a rented estate of over 400 properties with the help of a dedicated property management company. The shareholders examined the next steps for the development of the property portfolio and decided that selling the estate to a single buyer represented the best way forward for both tenants and shareholders. Mark had been in contact with me a number of times prior to the decision to sell being made and a meeting was arranged. He was interested in brokering a deal and made contact with a number of potential buyers. His choice met the shareholders brief exactly. He was clear in his communications and helped to ensure the deal was completed in a straight forward manner.” Anonymous

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From April 2020 all landlords must comply with legislation and their properties must have an EPC rating of at least an E- what does this mean for landlords? Potentially expensive improvements?

Mark — Mon, 24 Feb 2020 19:43:03 +0000

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Brexit , what Brexit (so far)?

Mark — Wed, 28 Feb 2018 19:13:33 +0000

Since 23 June 2016 when it became known that the UK wished to withdraw from the EU, the money markets have acted very inconsistently. The residential investment property market has however remained strong and for Squires House, in particular, we have consistently exceeded the number of successful transactions year-on-year bringing the total number of property deals since incorporation to in excess of 2100. The challenge will be over the next two years as the UK aims to extricate itself from the clutches of the EU and the comfort a large economic block. Notwithstanding this uncertainty, Squires House remains committed to invest substantial funds into the residential investment property sector while continuing to add good quality commercial investments to its expanding portfolio.

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2006-7 levels superceded

Mark — Wed, 02 Dec 2015 10:17:33 +0000

Squires House Properties is pleased to report that the number of transactions carried out in the first 6 months trading (March -October) has exceeded the levels experienced in 2006-7 making this year on target to become the company’s best ever. Activity has again been countrywide although we have noticed pockets of increased activity in the South East and South West. We have been involved with a number of very large portfolios of both regulated and assured shorthold tenancies predominantly in the North and North West of England.
As expected activity slowed over Xmas but the market has been quick to regain momentum in January as sellers are keen to take advantage of good prices before the long awaited increase in interest rates. This has allowed sellers to free up assets to take advantage of other investment opportunities. The recent changes to tax breaks and stamp duty for BUY TO LET investors will, without doubt, have an impact and we expect that prices may see a short term realignment. Squires House Properties remains committed to investing in residential and commercial properties and has recently been allocated a significant next tranche of funding to facilitate acquisitions.

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Sellers see Sense in 2014

Mark — Fri, 21 Nov 2014 12:09:20 +0000

After witnessing a strong first 6 months, Squires House Properties has continued its aggressive acquisition programme. Owners of investment property have continued to seek to sell despite the low interest rates obtainable on the cash proceeds. Sellers are taking advantage of current high prices generally obtainable with the general consensus being that residential property prices have possibly peaked well before the general election. While it is anticipated that interest rate rises will begin to affect property prices during the early part of 2015, Squires House continues to actively seek out good investment propositions in London and the South East of England while maintaining an interest in purchasing properties in other UK regions. Recent acquisitions have included portfolios in London, Kent, Berkshire, Leicester and Manchester bringing the number of individual property transactions for the current year to 74. The management has ample cash reserves set aside for an aggressive and sustained acquisition programme for portfolios of residential properties across the UK to include blocks of flats let on assured shorthold tenancies and single units let on long term protected tenancies, governed by the Fair Rent Officer.

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Squires House Reports a most active 6 Months

Mark — Tue, 01 Apr 2014 16:31:45 +0000

Squires House is pleased to report that the residential investment market has seen some strong improvement throughout the UK, and while London continues to outperform the rest of the country by some considerable margin, certain Northern regions are beginning to see some recovery. Notwithstanding the current economic uncertainty and further speculation of a house price bubble in London bursting once overseas investors seek to move funds to less heated European cities, Squires House has, nevertheless, injected considerable cash resources to facilitate its expansion of its portfolio of investment properties throughout the UK. During the past six months to March 2014, Squires House has purchased a freehold block of six flats which were subject to tenancies and short leasehold reversions in Camden Town London NW1 for £950,000, a tenanted house in Holland Park W11 for £1.8 Million as well as a property in Hampstead Village NW3 let to a long term protected tenant for circa £500,000. As well as acquisitions in London, we have been purchasing portfolios in Windsor, Slough, Lewes as well as in Bath and Devon. Squires House has also acquired properties in Manchester, Cumbria and Doncaster. We have plenty of cash reserves to fund further residential and commercial investments throughout the UK and anticipate the next 6 months to be even stronger than the first.

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A new website!

Flat Cap — Fri, 21 Mar 2014 12:00:35 +0000

Welcome to our new website – we hope you like it. If you have any questions or can’t see the information you’re looking for then please don’t hesitate to get in touch.

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