by peter littlewood | Dec 8, 2023 | Tax & Other Financial
The ONS has published data on household debt. The summary report can be seen here, and says: Household Debt: Historical Trends: Household debt peaked in Q3 2008 at 156.4% of household disposable income. Decline and Growth: After reaching the peak, household debt...
by peter littlewood | Dec 8, 2023 | Leasehold
The Government has published a consultation on restricting ground rent for existing leases. It can be seen here, and closes at 11:59pm on 17 January 2024, and in summary the consultation presents five options for extending this protection to existing leaseholders:...
by peter littlewood | Dec 7, 2023 | Tax & Other Financial
The Bank of England has warned that household finances in the UK remain stretched, and the full impact of higher interest rates and mortgage pricing is yet to be fully felt. Around 45% of fixed-rate mortgage deals agreed before the end of December 2021 are yet to...
by peter littlewood | Dec 7, 2023 | Industry News
iHomes Letting Limited, a letting agency in Telford, has been fined nearly £17,000 for breaching seven offences related to the management of a house in multiple occupation (HMO). The agency admitted failing to meet several important safety regulations at its HMOs in...
by peter littlewood | Dec 7, 2023 | Industry News
Richard Donnell, the executive director of Zoopla, has stated that the UK is facing a rent crisis due to record net migration. The surge in migration has increased demand for rental accommodation, as renting becomes the “first port of call” for many newcomers. The...
