If you weren't keeping up with the mini-budget this morning, we have gathered some of the highlights, predominantly for business: Overall message: "A new era for Britain", with a focus on boosting growth, productivity and competitiveness Basic rate of income tax to be...
Tax & Other Financial
New law forcing landlords to pass on £400 energy discount
Landlords will be forced by law to pass on the £400 energy rebate to tenants with all-inclusive bills, the government says.Activist groups and some charities had raised concerns that tenants whose bills are included in their rent could miss out because the rebate is...
Majority of landlords supporting tenants with rising cost of living
75% of residential landlords have taken steps to support tenants during the current cost-of-living crisis, according to new research from Shawbrook. With 85% of tenants having made lifestyle changes to cope with inflationary pressures, many landlords have been taking...
Tenants being offered rented home to buy
A range of mortgage brokers are reporting an increase in enquiries from private tenants who have been given first refusal to buy the homes they are renting. They report that tenants are being made the offer on the basis of landlords wanting to sell because of a...
Many landlords continue to support tenants
Three quarters (75%) of residential landlords have taken steps to support tenants during the current cost-of-living crisis, according to Shawbrook. The specialist lender found that the majority of tenants (85% ) have made lifestyle changes to cope with inflationary...
#LetsTalkLoanSharks: It’s time to break the silence on illegal money lending
The England Illegal Money Lending Team (IMLT) is running its national Stop Loan Sharks Week campaign from 26th September to 2nd October 2022 to highlight the help available to those who have been targeted by loan sharks, as well as increase awareness of this hidden...
Landlords face a crisis that will be ‘worse than during pandemic’
The Telegraph has run an article claiming that landlords ‘will lose thousands of pounds in rent as the cost of living crisis pushes the number of households falling into arrears to an 11-year high – and a third more than during the pandemic. The article can be seen...
Nationwide House Prices
Investors were mulling the latest survey from Nationwide, which showed that annual house price growth eased less than expected in August but there are signs of a further slowdown to come. Annual house price growth slowed to 10% from 11% in July, but was ahead of...
Kent MP calls for rent freeze
Natalie Elphicke Conservative MP for Dover has called for a rent freeze in a right-wing blog – ConservativeHome Ms Elphicke took over from her husband Charlie Elphicke in 2019 and has some right-wing views on matters, especially immigration – Dover is in the front...
Consultation on social rent cap – will the PRS be next?
The Housing Secretary, Greg Clark, has announced a consultation to impose a rent cap on social housing next year – at below the rate of inflation. The move is aimed at helping tenants with the cost-of-living crisis. Mr Clark said: “We must protect the most vulnerable...
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Many landlords have mortgage arrears with the danger of re-possession
The latest data from UK Finance reveals concerning trends in the buy-to-let (BTL) mortgage market, with an 18 percent...
Mortgage Arrears continue to rise
Latest UK Finance figs. Number of people in arrears on their mortgage increased by 5,750 in the final three months of...
How has the UK rental market changed over the past year?
The BuyAssociation have published an opinion piece with their views on the changes experienced in 2023. The article...