Recent data from the Bank of England reveals a slight decline in mortgage approvals in June, indicating a potential stabilisation in the UK's housing market. Key Data Points Net Mortgage Approvals: June: 59,976 May: 60,134 March Peak: 61,080 June 2023: 53,620...
Recent tax changes and regulations are exacerbating Britain's housing crisis by discouraging buy-to-let landlords from entering or remaining in the market, according to property experts Guy Gittins, chief executive of letting agents Foxtons, and Charlie Bryant, chief...
The Leasehold and Freehold Reform Act 2024 received royal assent on May 24, 2024, and represents a significant overhaul of leasehold and freehold property laws in England and Wales. The act aims to improve consumer choice and fairness in leasehold arrangements, taking...
Southwark Council has shelved £160 million worth of developments, including three projects scheduled for completion next year and one in 2026, which would have provided 231 new social rent homes. A Freedom of Information (FOI) request by Inside Housing revealed that...
A building society has indicated that the combination of the UK Labour government’s housing proposals and a regional plan for 20,000 low-carbon homes for rent could signal “a new dawn” for the housing market in the latter half of 2024. The Principality Building...
The Housing Ombudsman has launched a special investigation into Lewisham Council, a Labour council in south London, following 16 cases of 'severe maladministration' in a year and a series of compliance issues. The investigation centers on how the council responded to...
The Royal Institution of Chartered Surveyors (RICS) has expressed strong support for Deputy Prime Minister Angela Rayner’s recent planning reforms. These reforms, which have initiated an eight-week consultation period, include the reintroduction of house-building...
The Sun newspaper has highlighted the case of a tenant served with an eviction notice by a Council just days after unpacking their furniture and belongings. Joanna's Story: Impact: Joanna's family received an eviction notice shortly after moving in. She lost her...
The property market is experiencing significant fluctuations in property values during the time it takes to complete a sale. According to Moverly, a digital property information service, it currently takes an average of 112 days to progress a sale from an accepted...
A new analysis by Zoopla reveals that one in eight homes currently for sale were previously rented properties. This 12% figure has remained relatively consistent over the past three years. Several factors have contributed to more landlords deciding to sell their...
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The Renters’ Rights Bill was published today (11/9/24) with the stated intention to introduce a series of reforms...
Barratt Developments, in collaboration with Homes England and Lloyds Bank, has announced a joint venture called the...
According to recent data from Rightmove, the proportion of former rental properties being listed for sale has reached...