The latest Rental Index from PropTech platform Goodlord reveals that rents in England have reached their highest levels since October, showing a significant upward trend over the past month. Key Highlights: - Monthly Increase: Rents across England rose by over 1%...
Industry News
Yes, it really DOES still pay to be a landlord
Landlord Today has published an article arguing it is still worth being a landlord. The article can be seen here where Marc von Grundherr, director at London agency Benham and Reeves and a landlord himself, offers a counterargument to recent claims that tax and...
Landlords generate £45 billion
A report by PwC, commissioned by the National Residential Landlords Association (NRLA) and Paragon Bank, has highlighted the substantial economic contributions of small and medium-sized landlords in England and Wales to the UK economy. The report estimates that...
Most unaffordable council named
Barnet has been named the least affordable area of London to rent in, with tenants spending nearly half their take-home pay on rent. A new report by tenant and landlord services provider Canopy found that renters in Barnet spend 48.7% of their net pay on their rent,...
Zoopla says Homes for Sale at 8 Year High
Britain's supply of homes for sale is at its highest point in eight years, according to research, in a trend which experts say will limit house price rises for the rest of 2024. Zoopla, the property website, said the average estate agent has 31 homes for sale, up 20%...
Large fine for no HMO licence
Haringey Council in London has successfully prosecuted a couple for failing to license a House in Multiple Occupation (HMO) property, resulting in a £10,000 fine. This penalty, while substantial, is significantly less than the maximum £30,000 fine that councils can...
Uncertainty prevails awaiting the next Government
As the UK gears up for a general election on 4 July, the property industry anticipates a period of uncertainty and cautious observation. Prime Minister Rishi Sunak's announcement has prompted considerations about the potential impacts on mortgage lending, housing...
Landlord banned from letting properties for next 3 years
A council's has obtained a Banning Order against the rogue landlord, Stephen Cunningham. Here's an overview of the key points highlighted in the case: Offences and Convictions: - Stephen Cunningham was found guilty of 21 offences under the Housing Act 2004, including...
Election 2024 How changing the law on lodgers could make rented property more affordable
Tessa Shepperson has suggested amending the law in respect of lodgers. Her suggestion can be seen here, and in summary the proposal to allow tenants to take in lodgers presents a potential solution to address two pressing issues in the housing market: the need for...
Planning enforcement – update
A Government report on Planning Enforcement can be seen here, and in summary says: What is a Planning Breach? A planning breach occurs when development is undertaken without the necessary planning permission from the local planning authority, or when the development...
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Landlord banned for 3 years
Southend-on-Sea Council has imposed a significant ban on rogue landlord Ruhul Shamsuddin, preventing him from letting...
Chancellor Rachel Reeves Poised to Announce 10-Year Social Housing Rent Increase Plan
Reports from reliable sources in the housing and mainstream media suggest that Chancellor Rachel Reeves is preparing...
UK Rents Begin to Decline in Major Cities as Rental Inflation Slows
For the first time in years, rents in major UK cities are starting to fall, with the pace of rental inflation reaching...