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An easing in the demand for rental property and a rise in the numbers of tenants struggling to meet their monthly rent payments signals that the rental market may be softening, new research suggests. According to ARLA`s latest research, in Q4 2011 just over half (55%) of ARLA members reported more tenants than properties available....
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Estate agents today issued a reminder to all first time buyers that the Government`s holiday on Stamp Duty Land Tax will come to an end in two months` time, on Saturday 24th March 2012. Wendy Evans Scott, President of the NAEA said: "With only two months remaining, first time buyers must act quickly to avoid paying Stamp Duty Land Tax on their first home purchase....
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The National Association of Estate Agents (NAEA) today revealed its predictions for the UK property market over the next 12 months. NAEA chief executive Peter Bolton King said 2012 will see a `gradual` recovery for the UK property market, as it continues to bounce along the bottom - with no "great upturn" to mark a change from the previous 12 months....
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THE HOLIDAY IS OVER: FIRST TIME BUYERS MUST ACT QUICKLY TO AVOID PAYING STAMP DUTY With only three months of the stamp duty `tax holiday` remaining, first time buyers must act quickly to avoid paying Stamp Duty Land Tax on their home purchase, warns the National Association of Estate Agents today as it releases its new advice for FTBs....
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Downsizing has become common practice in freeing up capital, but selling off the family home may not be the only way to subsidise hard-hit pensions. "With many potential buyers struggling to secure a mortgage, letting your family home rather than selling offers a strong alternative," said ARLA`s President, Tim Hyatt....
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According to ARLA research, `renting to retire` is also a key motivating factor in the buy-to-let market. For example, more than two fifths (42%) of today`s landlords originally invested with a view to creating a retirement `nest-egg`. * ARLA`s tips for anyone "down-letting" a property to rent for the first time are: Notify your mortgage and insurance providers:letting out a property requires a different form of mortgage from owner-occupation so consulting your mortgage lender on their terms....
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A great Briefing Papaer to update you all on what is going on and what it all means...... http://www.naea.co.uk/media/133694/What-happened-overnight-in-Brussels.pdf ...
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ARLA`s top tips for `holiday-proofing` rental properties this winter are: 1. Don`t ignore the small print Find out what your tenancy agreement requires you to do when leaving a property vacant, as this can make a difference to your liability....
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While nationally new sellers average asking prices increased by just 0.3% (£711), they were again outperformed by the confidence of the capital’s sellers who pushed theirs up by 1.1% (£4,470). This is the first increase in London new sellers’ average asking prices for three months, and is a timely positive sign for new sellers as it breaks the downward spiral of falls seen in the previous two months when prices fell by a total of 2....
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Renting is becoming increasingly popular, according to research by the Association of Residential Letting Agents. UK changing attitude to renting Renting is becoming increasingly popular, according to research by the Association of Residential Letting Agents....
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THE UK housing market saw a surge in the level of enquires, both for buyers and sellers in the first two weeks of January, according to estate agents. The buoyant start to the year was recorded in a poll of almost 700 estate agents conducted by the National Association of Estate Agents (NAEA)....
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The ‘reluctant landlord’ – a phenomenon that emerged during the recession as homeowners were forced to let their property rather than sell it – has returned to the rental market, according to the Association of Residential Letting Agents (ARLA)....
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We have welcomed yet another member to our large team, David . He brings further experience and help to our extremely busy lettings department. The addition of another negotiator to our marketing department continues to keep our team as one of the largest and most experienced in the area, David will be the second negotiator to join us in the last few months....
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The emotional roller-coaster of the volatile property market has taken a fresh, if not entirely unexpected, twist this month. Despite near-record stock levels and deteriorating mortgage availability, the 105,769 new properties added to the rightmove property web site this month are priced at a seemingly illogical 3....
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The number of tenants seeking rental properties has reached an eight year high, according to research from the Association of Residential Lettings Agents (ARLA). Letting agents from across the UK have reported a significant shortage of available rental properties as tenant demand far exceeds supply....
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Market bucking seasonal trend The dearth in available rental properties is worsening, according to research out today from the Association of Residential Lettings Agents (ARLA). Almost three quarters (70 per cent) of ARLA member offices say that there are more tenants than available properties....
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The housing market experienced one of its strongest months of the year so far in July, according to the National Association of Estate Agents (NAEA). The NAEA’s monthly market report found that demand for housing had increased, more sellers were putting property onto the market and the average agent made more sales than in June....
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On the Chancellor’s Budget Ian Potter, operations manager of the Association of Residential Lettings Agents (ARLA), said `The planned rise of Capital Gains Tax may not be as extreme as many had anticipated, but it still comes with little consideration for the needs of landlords....
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A lack of available properties and the proposed increase to the rate of Capital Gains Tax presents a grave threat to the Private Rental Sector (PRS), according to the Association of Residential Lettings Agents (ARLA) The PRS currently represents more than three million homes, and is a crucial component in offsetting the shortage of homes being built to house the growing UK population....
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The Government has announced the suspension of Home Information Packs with immediate effect from 21 May 2010. In an important step at a point of fragile recovery in the housing market, Communities Secretary Eric Pickles and Housing Minister Grant Shapps today announced that with immediate effect, they are suspending the requirement for homeowners to provide a Home Information Pack (HIP) when selling their homes....
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Please note that the Home Information Pack duties are suspended with immediate effect from 21 May 2010. This means that homes marketed for sale on or after this date will no longer require a Home Information Pack. However, Energy Performance Certificates are still required....
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Although the legal requirements when buying a repossessed property are basically the same as when buying any other, there some issues that arise from the fact that the lender has no personal knowledge of the property and that the transfer will be under a power of sale....
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The number of people selling their homes rose in March to its highest level in six months, according to the National Association of Estate Agents. The average number of properties for sale per branch increased from 56in February to 60 in March....
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The number of people selling their homes rose in March to its highest level in six months, according to the National Association of Estate Agents. The average number of properties for sale per branch increased from 56in February to 60 in March....
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UK facing severe housing shortage There is not enough rental property to meet consumer demand in the UK – and the situation is worsening, according to Q1 research from the Association of Residential Lettings Agents (ARLA). Insufficient supply of good quality property means that the private rented sector (PRS) is struggling to meet demand....
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Probity and Protection - ARLA leads the industry in setting and regulating the highest standards in the industry and demands certain levels of professionalism and commitment to customer service from its membership. ARLA members are required to work within a robust Code of Practice, which covers the key stages in letting and managing a property....
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Why not get more exposure at no extra cost to you? for a limited period Drewery will match your current agent’s fees on a Multiple Agency basis. If you have not entered into a Sole Agency Agreement or it is coming to an end, then we would be delighted to immediately discuss our services and provide a Free Market Appraisal - We will match your current agent’s fees on a Multi Agency basis....
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Demand in rental market returns for the first time since recession began "It seems that people who delayed setting up home 12 months ago, now feel secure enough to proceed" The residential rental market is beginning to stabilise with property oversupply decreasing across the UK and the number of new tenancies increasing, according to the Association of Residential Letting Agents (ARLA)....
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Drewery have just sold this 1 Bed Retirement Flat in Sidcup, Kent. Similar properties are urgently required for waiting buyers. Contact our Sales Department on 0208 300 6761 for a FREE VALUATION. ** SPECIAL SELLING FEES FOR PROPERTIES NEAR TUDOR COURT **...
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Drewery have just sold this 3 bed house in Hemmings Close, Sidcup, Kent. Similar properties are urgently required for waiting buyers. Contact our Sales Department on 0208 300 6761 for a FREE VALUATION. ** SPECIAL SELLING FEES FOR PROPERTIES NEAR HEMMINGS CLOSE **...
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Drewery have just sold this 3 bed house in Gloucester Road, Sidcup, Kent. Similar properties are urgently required for waiting buyers. Contact our Sales Department on 0208 300 6761 for a FREE VALUATION. ** SPECIAL SELLING FEES FOR PROPERTIES NEAR GLOUCESTER ROAD **...
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Drewery have just sold this 3 bed house in Parkmead Road, Sidcup, Kent. Similar properties are urgently required for waiting buyers. Contact our Sales Department on 0208 300 6761 for a FREE VALUATION. ** SPECIAL SELLING FEES FOR PROPERTIES NEAR PARKMEAD ROAD **...
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From 6th April, if you`re selling your home, there are two key changes you need to know about. The first change is that, from this date, the Home Information Pack will need to be available from the first day your property is put on the market....
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From April 6th, you`ll be able to get a copy of a Home Information Pack for any property you are interested in as soon as it comes on to the market. In addition, the HIP will now contain a new Property Information Questionnaire (PIQ). The PIQ will contain useful information on structural changes / damage, flood, risk, gas and electrical safety, parking arrangements and, for leasehold properties, additional information such as the current service charge....
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WHAT IS GAS SAFE REGISTER?™ Gas Safe Register is the new hallmark for gas safety in Great Britain. From April 1st 2009, Gas Safe Register replaces CORGI gas registration as the official gas safety body. So, from 1st April, by law, only Gas Safe registered engineers should carry out work on gas appliances or installations in your home....
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This is an area often overlooked by Landlords when they decide to let a property. We regularly advise our Landlords that the overall risks associated with letting a property are significantly different to owner occupied properties and recommend that any property insurance is taken out with an insurer who is specialised in the lettings sector....
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www.drewery.co.uk is now showing video tours on a selection of properties to rent. Look out for our video tour icon on our full property detail pages. Paul Long (Director) of Drewery Property Consultants says: ``Our new video tour service has been a great success with helping applicants find suitable property faster and Landlords letting their properties quicker`` think Lettings - think Drewery....
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Drewery Property Consultants have created a number of new letting web sites to give even more coverage to our properties. Web sites now covering Eltham, Welling, Bexleyheath, Crayford and surrounding areas. go to: www.elthamdrewery.co.uk www....
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Buy to Let landlords have not been shaken by the credit crunch. Nine out of 10 surveyed during the last quarter of 2007 state they have no intention of selling their properties for nearly 17 years. Four out of 10 of them expect to invest further in the Private Rented Sector this year....
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First time homebuyers will see their upfront costs drop and all home buyers will, for the first time, receive A-G green ratings for their properties which will help cut fuel bills and carbon emissions, with the roll out of Home Information Packs (HIPs) and Energy Performance Certificates (EPCs) announced today....
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The Government has today announced that Home Information Packs (HIPs) and Energy Performance Certificates (EPCs) will be rolled out to three bedroom properties from 10 September 2007. HIPs and EPCs are being introduced on a phased basis to ensure a smooth transition in the housing market, and to begin the process of transforming the home buying and selling process in the interests of consumers and the environment at the earliest opportunity....
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Home Information Packs including Energy Performance Certificates will be implemented on a phased basis from 1 August. From then Packs will be required for the sale of four bedroom properties and larger, with smaller properties being phased in as soon as sufficient energy assessors are fully qualified....
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– New Legislation On The Home Buying/selling Process Will Affect You Government plans to phase in Home Information Packs (also known as HIPs) in England & Wales on a mandatory basis from 1st August 2007. This will mean anybody wishing to put a property up for sale must have commissioned a HIP before they can market the property....
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From 6 April 2007, all deposits taken by landlords for Assured Shorthold Tenancies in England and Wales (this covers the vast majority of tenancies), must be protected by a tenancy deposit protection scheme. From this date, tenants should ask their landlord about the details of the scheme when signing a new tenancy agreement....
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Estate agent perception tainted by the actions of a minority Consumers advised to use an NAEA member for peace of mind The National Association of Estate Agents (NAEA) is advising consumers to look for the NAEA logo to ensure peace of mind when choosing an estate agent....
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PLAN CAREFULLY TO AVOID INHERITANCE TAX The National Association of Estate Agents (NAEA) is advising homeowners to plan carefully in order to protect the future of their properties, particularly when relating to inheritance tax. Attendees at the Association’s recent Residential Forum were given an insight into how families could minimise the amount taken by the Government’s ‘death tax’ as a property passes through the generations....
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Overhaul of archaic planning systems is long overdue The Kate Barker review of Land Use Planning published today has recommended improvements in responsiveness, efficiency and transparency of the planning system in order for it to fulfil its potential....
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Regional variations to characterise housing market in 2007 NAEA predicts a steadier year for house prices Summary: 5% rise in average house prices Marked regional differences for property supply and demand Slow areas will weather difficulties if interest rates remain at 5% Continued rise in consumer confidence Higher lending multiples a possible issue if rates increase HIPs still an unknown factor The National Association of Estate Agents (NAEA) is predicting a steadier year for house prices across the UK in 2007, with regional variation being a key characteristic of the market as property supply continues to be an issue in many places....
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Regional variations to characterise housing market in 2007 Contd... Interest rates Following the increase of interest rates to 5% in November, leading economists are now divided over the movement of rates in the early part of next year. While the recent rises may help to calm house price inflation in London and the South East, there are a number of already underperforming areas across the rest of the UK that are likely to suffer further if there is another rate rise....
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NAEA welcomes shared equity scheme extension The National Association of Estate Agents (NAEA) welcomes Gordon Brown’s announcement that the HomeBuy shared equity scheme will be extended in order to assist a further 160,000 low income families onto the property ladder....
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The Association of Residential Letting Agents, ARLA, is the only professional body that is solely concerned with the self-regulation of letting agents and for nearly 25 years has been actively promoting the highest standards across every aspect of residential lettings and management in the Private Rented Sector....
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Read such important documents as tenancy agreements and terms of business carefully; never sign anything you don’t understand – ask questions – seek advice. Don’t have unreasonable or unrealistic expectations. If in doubt about what to do, or your obligations or responsibilities in any particular circumstances that arise – communicate, seek clarification....
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There are specific legal obligations and responsibilities on a landlord with regard to Fire safety for Furniture & Furnishings; Gas supply and appliances; plus Electrical wiring and appliances; these are more fully explained in the ARLA leaflet “Lets make it Safe”....
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This is an absolutely essential document that provides a written benchmark, which should be amended, updated and recreated before the beginning of each new tenancy. A properly constructed Inventory/Schedule of Condition details the fixtures and fittings and describes their condition and that of the property generally....
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The most common form of tenancy agreement used is an “Assured Shorthold” (an AST) under the 1988 Housing Act (amended 1996). This type of tenancy offers the most flexibility to both landlord and tenant; has straightforward notice procedures for bringing the tenancy to an end and a special Accelerated Possession court procedure should tenants fail to vacate....
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It is quite common for a deposit of an amount equivalent to between four to six weeks rent to be required to be held during the tenancy against the satisfactory performance by the tenant of all the various obligations under the tenancy agreement – but mainly, those relating to the cleanliness and condition of the property....
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There are only limited ways in which this can happen; the landlord cannot make the tenants move out, nor can the tenants lawfully walk away from their obligations to fulfil the contract. Either party might request of the other that a formal “surrender” of the tenancy be allowed....
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A landlord, in very general terms, has a legal responsibility to repair the structure and exterior of the property, including drains, gutters and external pipes; to keep in working order the installations for the supply of gas, electricity and water; and, for the installations for the provision of space and water heating....
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The law around ending a tenancy is relatively straightforward as long as the right timescales and procedures are followed, along with the use of the correct format of notice. The timescales, procedures and format will vary dependent upon the type, and the status of the tenancy at the time you wish to end the tenancy....
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House prices are often discussed and may people want to know whether their home has gone up in price since they purchased it. To gain a brief overview on property prices as well as an idea on how the property market if performing our company has compiled a list of useful websites for you to look at: Land Registry: http://www....
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In the past lenders would put high rates of interest on mortgages for second properties bought by private individuals to let out. However, under the Buy to Let scheme lower rates are now available to purchase property to rent out and also under the scheme the rental income will also be considered when assessing a borrowers ability to meet mortgage payments....
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Drewery Property Consultants in Sidcup are pleased to announce the completion of their office refurbishment. The company was founded just after the second world war 60 years ago by Edward Drewery and the office in Station Road Sidcup was one of the first ‘modern style’ estate Agencies....
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Location is just as important as the property and price paid for it when considering purchasing a property to let. Many Landlords forget that they are making a purchase for investment and not a home to live in. When considering the location to buy an investment property a prospective Landlord should first speak to their local lettings agency who will be able to advise them on the main type of people looking to rent in the area and the type of property and location in demand....
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There are a number of responsibilities that both a Landlord and Tenant have to consider when a residential property is let under an Assured Shorthold tenancy. LANDLORDS must ensure the safety and maintenance of rented property and their contents so that no injury or damage is caused to the occupants, neighbours or the public....
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New legislation, designed to safeguard tenants deposit money and provide adjudication for deposit disputes, will come into force on 1 October this year. Under the Housing Act 2004, in less than six months time, the use of a tenancy deposit scheme will be mandatory for all landlords....
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New legislation which is designed to protect the safety of tenants living in residential rental property came into force on the 6th April this year. The Housing Health and Safety Rating system (HHSRS) is a new risk assessment tool used to asses potential risks to the health and safety of occupants in residential properties and replaced the Housing Fitness Standard set out in the Housing Act 1985....
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To satisfy the high demand for Drewery’s Lettings services, the company is now offering an ‘out of hours’ viewing service to enable prospective tenants to book a viewing of any of their rental properties even when the office is closed. A dedicated telephone ‘hotline’ has been provided, so that tenants may arrange to view a property at a time which is convenient to them....
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The recent television programmes about disreputable Estate Agents will have put fear in the hearts of people wishing to sell (or buy) a property, and the question they will be asking themselves will be – ARE ALL estate agents dishonest, and HOW do we find a reputable one? With the Government choosing not to license Estate Agents, it is obvious there will be some disreputable Agents whose only aim is to line their pockets by unscrupulous methods....
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Drewery Property Services celebrated the completion of their 60th year of business in the local area with the launch of a brand new image. With major changes within the Estate Agency industry due to take effect next year, (with the arrival of Home Information Packs – HIPS) Drewery‘s Directors decided to make a major investment into ensuring that not only are they fully prepared for the changes, but that the presentation of their company’s services are reflected by a new, modern professional image....
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Norma Billings recently retired from Drewery Property Services’ Sidcup office after working there for nearly 60 years! At a special lunch held in her honour, the company’s Directors thanked her for her years of loyalty and wished her a healthy and happy retirement....
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Drewery Property Services in Sidcup are delighted to have been able to support The Children’s Safety Education Foundation (a charitable foundation working in conjunction with the Metropolitan Police) by making a donation to their local child safety initiative....
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DREWERY PROPERTY SERVICES have been established in the Borough of Bexley for nearly 60 years, and their extremely successful Sidcup office, based near Sidcup Station has attracted vendors, purchasers, landlords and tenants for much of that time....
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DREWERY Property Services are delighted to celebrate their 60th year in Sidcup by announcing an innovative unique service they will be offering to their clients – a free ‘PRE SALES PACK’, designed to offer a speedier transaction for both buyers and sellers....
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