The property market in Cornwall, which experienced a significant boom during the pandemic, has now started to cool down, with houses and flats selling for less compared to last year and taking longer to sell. According to estate agents Hamptons, the average property...
Industry News
A south coast council to clampdown on HMOs
Eastbourne council is preparing to take action against Houses in Multiple Occupation (HMOs) following a report that raised concerns about issues such as bins, parking, and anti-social behavior associated with these properties. While acknowledging the important role...
Landlords could be banned from raising rent under radical SNP crackdown
The Telegraph has run an article stating that the Scottish Government, led by Humza Yousaf's SNP-Green coalition, has put forward ambitious legislative proposals aimed at implementing long-term market controls in the rental sector. These proposals include potentially...
Gove having big problems with his Leasehold Bill
Michael Gove's promises to reform the leasehold system appear to be facing significant challenges, with criticisms mounting from various quarters, including within his own party. In a recent House of Lords debate, Gove faced accusations of "shoddy politics" and...
Government takes action against large landlord regarding cladding issues
Michael Gove, the UK government minister, has initiated legal action to compel the landlord of a Canary Wharf apartment complex to contribute £20.5 million towards building safety works. This move comes as part of the government's intensified efforts to hold building...
UK households urged to submit meter readings ahead of energy price cut
Submitting meter readings to energy suppliers is crucial this weekend to ensure that households benefit fully from the upcoming reduction in the Ofgem energy price cap. Here are the key points: Price Cap Reduction: The Ofgem energy price cap, which is adjusted...
Housing affordability in England and Wales: 2023
The Office for National Statistics (ONS) has released data on house prices and annual earnings to calculate affordability ratios for England and Wales. Here are the main points from the report: In 2023, full-time employees in England could expect to spend around 8.3...
Renters in rural areas increasing faster than London
The County Councils Network has emphasized the need for a long-term plan for housing from the next government, citing a significant increase in rural renting over the past decade. According to new research by the network, the number of households in private and social...
Will the Section 21 go?
The Conservative Party's pledge to ban no-fault evictions, a key component of their manifesto, is facing uncertainty following a backlash from Tory MPs, particularly those who are landlords themselves. Levelling up minister Jacob Young has outlined a series of...
Private landlords leave the market in Scotland
The private rental sector in Scotland is experiencing a significant downturn, with landlords fleeing the market in response to what they perceive as a hostile regulatory environment. Data from estate agency Hamptons indicates that the share of properties purchased by...
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UK Mortgage Approvals Decline Slightly in June: A Sign of Market Stabilisation
Recent data from the Bank of England reveals a slight decline in mortgage approvals in June, indicating a potential...
Tax on landlords has created a rental crisis, claim
Recent tax changes and regulations are exacerbating Britain's housing crisis by discouraging buy-to-let landlords from...