The 50p turns Fifty

October 15, 2019
Property gossip August 2016

The 50p is 50! First introduced in October 1969 to replace the 10-shilling note, today there are over 100 different designs in circulation. 1997 saw the introduction of the new, lighter coin.

In October 1969, the average price of a UK property was just £3,899. Today the average price is over 58 times higher at £232,710. Comparatively, considering inflation, the 50p is worth just 35 times more.

If you’re saving your pennies, it takes just a quarter of a million 50ps to purchase in the North East, compared to over half a million in the South East and South West and nearly a million in London.

The largest commemorative edition of the coin edition celebrated the UK’s accession to the European Economic Community in 1973, with a mintage of 90 million. A further commemorative 50p coin is expected to be issued when the UK leaves the European Union.

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TENANT FEES SCHEDULE ASSURED SHORTHOLD TENANCIES (ASTs)

Holding Deposit (per tenancy) One week’s rent. This is to reserve a property. Please Note: This will be withheld if any relevant person (including any guarantor(s)) withdraw from the tenancy, fail a Right-to-Rent check, provide materially significant false or misleading information, or fail to sign their tenancy agreement (and / or Deed of Guarantee) within 15 calendar days (or other Deadline for Agreement as mutually agreed in writing)

Security Deposit (per tenancy) Rent under £50,000 per year Five weeks’ rent. This covers damages or defaults on the part of the tenant during the tenancy

Security Deposit (per tenancy) Rent over £50,000 per year Six weeks’ rent This covers damages or defaults on the part of the tenant during the tenancy

Unpaid Rent Interest at 3% above the Bank of England Base Rate from Rent Due Date until paid in order to pursue non-payment of rent. Please Note: This will not be levied until the rent is more than 14 days in arrears

Lost Key(s) or other Security Device(s) Tenants are liable to the actual cost of replacing any lost key(s) or other security device(s). If the loss results in locks needing to be changed, the actual costs of a locksmith, new lock and replacement keys for the tenant, landlord any other persons requiring keys will be charged to the tenant. If extra costs are incurred there will be a charge of £15 per hour (inc. VAT) for the time taken replacing lost key(s) or other security device(s)

Early Termination or Variation of Contract Should the tenant wish to end the contract early, or vary the contract in any way, it will firstly be subject to the landlords approval, and the tenant shall be liable to the landlord’s costs including re-letting the property, putting in place a new legally binding contract, as well as all rent due under the existing tenancy until the start date of any replacement tenancy. These costs will be no more than the maximum amount of rent outstanding on the tenancy

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