Rightmove’s asking prices fell by 1.9% in August to £364,895, the biggest drop for this month since 2018. However, asking prices are still 19% higher than August 2019. Home sales fell by 15% versus 2019 before the onset of the pandemic, while first-time buyer sales...
According to figures produced by trade association, UK Finance, 8,980 buy-to-let mortgages had arrears that totalled over 2.5 per cent of the outstanding balance as of June 2023 - a rise of 28 per cent in comparison with the end of March. Almost half of landlords saw...
Landlord Zone are running an article reporting that Jo Eccles, founder and MD of Eccord, which manages £1.5 billion worth of residential property in prime central London for portfolio and individual landlords, says: “Those with the financial flexibility are...
Empiric Student Property said it saw a "very strong start" to 2023, as revenue rose 16% year-on-year. However, pretax profit dropped to GBP24.6 million from GBP70.3 million, owing to fewer gains on the fair value of investment property. "Having effectively filled our...
The government has updated the procedure for a landlord to request a direct deduction from a tenant’s benefits to pay for rent arrears and for it to be paid directly to the landlord. It can be seen here. Landlords can also request direct rent payments if these have...
The Building Safety Act 2022 introduced landlord and leaseholder certificates to help leaseholders understand which protections against the cost of remedial works apply to them and to reduce the information sharing requirement that is essential to determine liability...
Law firm, Brevis Law, has drawn attention to the extensive implications of the recent government decision to significantly increase fines for UK employers and landlords who provide work or accommodation to migrants arriving through irregular routes. This development...
Finance Monthly has published an article under the sub head 'As a landlord, unexpected emergencies can arise at any time.' It can be seen here, and covers the main headings: Building an Emergency Fund Boiler Upgrades Refinancing Your Mortgage Cutting Non-Essential...
Lawyer Monthly has published an article pointing out that landlords must comply with various legal obligations to ensure the safety and well-being of their tenants. It can be seen here, and has the main headings: Health and Safety Hazards Gas and Electrical Safety...
Writing in the Negotiator magazine, Adam Walker says, contrary to current headlines, the expected exodus of landlords may not necessarily be the outcome of the economic and regulatory strictures. The article can be seen here, stating 'Our government seems to be intent...
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