Landlords should be unable to serve an eviction notice for at least the first year of a tenancy – even if they are selling or occupying a property, according to think tank Fabian Society. The left wing think tank also reckons eviction notice periods should be...
Industry News
30% of landlords plan to sell properties
Some 30% of landlords plan to sell properties in the next 12 months, data from Landbay has revealed. As to be expected, the deciding factor for most (60%) of landlords intending to sell is rising interest rates – an increase from 45% in the previous survey, while...
Visa rules eased for building industry
Roofers and plasterers have also been added to the Shortage Occupation List, which temporarily eases visa restrictions in areas where employers are struggling to fill vacancies. The Migration Advisory Committee (MAC) advised adding builders to the list. Advisors on...
UK Rightmove house price index.
UK Rightmove house prices fell by 0.2%, or £905 month-on-month in July, versus 0% in the prior month. Year-on-year growth decelerated to 0.5% from 1.1% in June. The average asking price now stands at £307,907, still 2.6% higher than in January, with Rightmove...
IHT: Have your let property cake and eat it
AccountingWeb are running an article stating 'Many individual landlords are facing huge inheritance tax charges on their death. Tax specialists Forbes Dawson have a plan to mitigate some of that pain while keeping most of the rental income. The full article can be...
Labour unhappy landlords not included in Mortgage Charter
As previously reported (see here), the Chancellor has announced a charter to help home owners who are suffering from skyrocketing interest rates. Under the terms of the charter homeowners’ will not be forced out by their lenders for at least a year after the first...
The key to solving Britain’s housing crisis lies in urban regeneration
The Telegraph has run an article suggesting they have the answer to Britain’s housing crisis. It can be read here (subscription may be necessary) and reports 'Landsec and British Land are joining forces to collectively call on the Government to unleash the potential...
Buy-to-let investor demand suffers sharpest drop as rates reach 12-year peak
The Daily Telegraph are warning of a 'perfect storm' as demand for homes is plunging as the mortgage crisis forces buyers out of the market, estate agents have warned. The article can be read here (subscription may be necessary) stating ' Figures published yesterday...
Gove has ‘given up’ on housing after handing back £1.9 billion
Architects Journal has commented on the report that the Levelling Up department has handed back £1.9 billion. It can be seen here
Housing Market
UK house hunter inquiries, sales and property prices slipped back further in June as mortgage rates increased, according to surveyors. But the upward pressure on rental prices continues as demand from renters rises but instructions from landlords fall, according to...
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Getting better broadband
The House of Commons Library has just published a report entitled 'Getting Better Broadband', it can be seen here....
Housing stock high, sales low
The latest data from the Royal Institution of Chartered Surveyors (RICS) indicates a mixed picture for the UK...
Do you know the different tenancy types?
Most landlords are aware of the concept of a Fixed Term tenancy - one where either the start and end dates are...