City AM are reporting on an exclusive interview with Jonathan Rolande from the National Association of Property Buyers, who has warned that the potential imposition of these rules by the government is causing much concern to property owners, landlords especially. The...
News
A taxing time for landlords…
LandlordZone have published a very interesting article on the problems faced by landlords with 'Changes in tax rules for buy-to-let landlords have definitely made the business of letting property more challenging, particularly with those who have taken on big...
Government fails to spend £1.9bn on affordable housing.
The Guardian is reporting The Department for Levelling Up, Housing and Communities (DLUHC) is is handing back £1.9bn to the Treasury originally meant to tackle England’s housing crisis after struggling to find projects to spend it on. The article can be seen here, and...
Large Estate Agent issues profit warning as sales reduce
The Financial Times is reporting that 'UK estate agent Winkworth has warned profits will fall short of forecasts because of a slump in sales, sending shares in the group down 15 per cent in early trading.' The article can be read here (subscription may be necessary),...
Labour wants to help protect landlords small block cladding.
A Labour MP wants the government to include private landlords in the Building Safety Act’s leaseholder protections scheme. The government introduced the Building Safety Act in 2022 in a bid ensure that leaseholders do not have to pay to fix safety failures in...
Shelter shows it’s true colours.
A recent Levelling Up, Housing and Communities Select Committee heard evidence from Ben Beadle, NRLA and Shelter’s policy manager Tarun Bhakta, as well as the Property Ombudsman Richard Blakeway. It can be seen in full here. Shelter made several dreadful proposals:...
Up to 225,000 landlords face losses as refinancing costs jump
The Telegraph is reporting that 'as 225,000 landlords face losses on their rental properties when they come to refinance as mortgage costs climb towards 7pc, analysis shows.' The article can be seen here (subscription may be necessary) and discusses the recent...
Will a tenants accept a rent increase?
More than a third, or 36%, of all tenants would both renew their contract and accept a rent increase if they had a positive relationship with their landlord, research from price comparison website Uswitch has found. The survey of more than 2,000 tenants also revealed...
Four in 10 landlords plan to buy more properties – Landbay
Despite expectation of a mass exodus from the rental market, many landlords are buying even more properties to expand their portfolio, according to the latest Landbay landlord survey. Results of the lender’s quarterly survey revealed that more than four in 10, or 41%...
Unite reports record levels of reservations
Student accommodation provider Unite updated on its recent trading, noting "record levels" of reservations for 2023/2024 academic year have persisted, with 98% of rooms now sold. This is up from 91% a year ago. Unite UK Student Accommodation Fund's property portfolio...
YOU MAY ALSO LIKE
UK house prices hold steady in April
According to Halifax, British house prices rose 0.1% in April month-on-month and 1.1% year-on-year. The average house...
How stamp duty is strangling Britain – and lining the pockets of the elite
The Telegraph has run an article on stamp duty. It can be seen here (subscription may be necessary) and discusses the...
Tory MPs are threatening to rebel against the government’s leasehold reform bill.
The debate over leasehold reform within the Conservative Party underscores the complexity of addressing longstanding...