In the forthcoming local election in Brighton Labour is promising to unleash a package of measures to fight against the rise in second home ownership, which they say is making it difficult for local residents to find places to live. They have pledged a second homes...
Industry News
UK RIGHTMOVE HOUSE PRICE INDEX
UK average asking prices rose by 0.2% month-on-month in April. According to Rightmove, year-on-year they increased by 1.7%, slowing from growth of 3% in March. The average asking price for a UK home now stands at £366,47, up £890 versus last month. For a first-time...
Holiday homes being repossessed for first time in years, landlords warned
The Telegraph is reporting on an interview with Graham Donoghue, the chief executive of Sykes Holiday Cottages, who has said that owners were having their properties taken over by banks after rising rates left them with crushing monthly repayments. It can be seen...
Landlords suffer from disastrous, get-rich-quick “rent-to-rent” schemes
The Telegraph is running an article on how some landlords have been left with problems after entering into disastrous, get-rich-quick “rent-to-rent” schemes. It can be seen here (subscription may be necessary) and cites a landlord who was left £15,000 poorer after...
Auction sales rise sharply
A recent report has shown that there was a significant rise in the number of lots in property auctions. The residential property sector was particularly busy with lots offered up almost 45%, as the recent hike in interest rates and the introduction of yet more...
Landlord fined for using a prohibited property
A landlord in Rochford let a property previously deemed premises unfit for human habitation and a prohibition notice under the provisions of the Housing Act 2004 section 20 and 21 had been served in March 2022. In May 2022 the council received information that persons...
Ten times the number of homes available to rent are registering at every lettings agency branch
The Mail Online has run a report that more than 100 tenants are registering on average at each lettings agency branch, ten times the number of available properties, new figures reveal. It can be seen here, and comments on a report from Propertymark, who said there was...
Landlord fined over unsafe HMO
A landlord was found to be in a bad state of disrepair by Havering Council, admitted numerous breaches of house in multiple occupation (HMO) management regulations at Romford Magistrates Court earlier this month. He also pleaded guilty to failing to licence the...
Mayor of London claims private landlords receiving billions of pounds for sub-standard homes
The Mayor of London, Sadiq Khan has claimed that billions of pounds in rent, including more than a billion pounds from housing benefit, is ending up in the pockets of private landlords who are letting dangerous, cold or dilapidated homes across England, calling it a...
Government launches £500,000 know-your-rights scheme
Social housing tenants in seven cities are to be offered a place on a Government-funded training scheme aimed at helping them hold their landlords to account. Launched today, the £500,000-backed Four Million Homes programme will offer free advice on addressing damp...
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