The Sunday Times is reporting on the problem of pensioners wants to downsize, but unable to the cost – 'paying stamp duty is just horrendous' quotes one pensioner. The article can be seen here (subscription may be necessary) and says: There are growing calls on the...
Industry News
Hamptons say mortgage crisis is reducing the market
Landlords in the UK are paying 40 per cent more mortgage interest than in August 2022, forcing more of them to quit the sector warns Hamptons lettings agency. In August, mortgaged investors handed over an average of 37 per cent of their rental income in mortgage...
Councils spend £1.7bn on temporary accommodation amid homelessness ‘crisis’
Spending on temporary accommodation by council homelessness services in England rose to more than £1.7 billion in the year to March, with bed and breakfast costs up by a third. Housing charity Shelter branded the situation “outrageous” and “illogical”, accusing the...
John Lewis press ahead with their private rental initiative
John Lewis Partnership, has named a new director of property to lead its controversial Build To Rent initiative. Martin Gafsen will take up the post on November 13; he was property and facilities director for the Royal Mail Group for 16 years, with responsibilities...
Starmer’s proposed planning reforms welcomed by the profession
The built environment profession has broadly welcomed Labour’s plans to overhaul the planning system and deliver the next new towns In his speech this week (10 October) to the Labour Party conference, leader Keir Starmer said that his government would fix England’s...
The Conservatives hate landlords – Pass it on
Property118 is running a blog stating 'The Conservative Party used to be the party of property ownership and free enterprise, but its recent policies on housing have betrayed its core values and its loyal supporters.' It can be seen here.
5 reasons why self builders & renovators can benefit from the construction slowdown
Prior to the forthcoming National Self Build & Renovation Show the organisers have issued a statement on the 5 reasons why self builders & renovators can benefit from the construction slowdown. It says they are: Availability of Land In the current climate,...
TDS says deposit values and disputes increasing
The TDS group has published its annual Statistical Briefings pull together information from a variety of sources including Freedom of Information (FOI) data and statistics gathered by experts at Tenancy Deposit Scheme (TDS). The TDS report can be seen here, and...
A coalition of renting pressure groups unveils a manifesto that calls for sweeping changes in the private rented sector
A coalition of tenant friendly groups has published its manifesto - which can be seen here. It calls for: rent controls, open-ended tenancies, an end to fixed-term tenancies ‘fair’ four-month notice periods, an end to Section 21 landlords should only be able to end...
Labour sets target of 1.5m new homes over five years
Speaking to BBC One’s Sunday with Laura Kuenssberg at the start of Labour’s annual conference in Liverpool, Starmer said his party would set a target of 1.5m new homes over five years, and would strengthen guidance to ensure developers included sufficient affordable...
YOU MAY ALSO LIKE
Home Builders Federation (HBF) Releases Blueprint for Next Government
The Home Builders Federation (HBF) has unveiled a comprehensive plan titled ‘Homebuilding: An Engine for Growth,...
Tenants Now Spend Longer in Rental Properties: An Analysis by Zero Deposit
Recent analysis from Zero Deposit, using data from the English Housing Survey, reveals a significant shift in the...
Rents anticipated to rise again
The latest Rental Index from PropTech platform Goodlord reveals that rents in England have reached their highest...