The Telegraph is running an article on the dangers for tenants who challenge a Section 13 notice - a legal notice to increase the rent. It can be seen here (subscription may be necessary) and states ' An analysis of 30 tribunal cases in the second quarter of this year...
News
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...
Bank of England warn of double whammy for landlords
The Bank of England’s latest Financial Stability Report warns of the chaos to come as landlords are hit with the double whammy of higher interest rates and both tax and regulatory changes, stating that landlords who rely on finance to keep their portfolios afloat will...
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...
South London council to be inspected in-person by Housing Ombudsman because it’s failing to deal properly with residents’ complaints
A South London council will be the first in the country to be inspected in-person by the Housing Ombudsman because it is failing to deal properly with complaints from residents. The Housing Ombudsman, which deals with complaints about local authority landlords, will...
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Propertymark publishes Housing Insight Report: March 2024
Based on the Housing Insight Report for March 2024, several key trends have emerged in the residential sales and...
Renters Reform Bill unfairly targeting landlords!
In a blog in Property118, a reader asks 'What can be proposed to address the housing crisis without burdening...
Savills’ revise their UK house price forecast
Savills' revised UK house price forecast suggests a more positive outlook than previously anticipated, with an...