DLUHC are looking for anyone who has bought or sold recently who is happy to share their experience. See below: Home buying and selling improvement: take part in research The Department of Levelling up Housing and Communities (DLUHC) is looking at ways it can help to...
News
Renters pay their landlords’ buy-to-let mortgages, so they should get a share of the profits
John Bird, founder of the Big Issue has published an article calling for tenants to receive a share of the profits enjoyed by landlords. It can be seen here, and fails to mention that the landlord takes the initial risk and has to maintain the property. The tenant...
House price discounts
Property sellers are being forced to slash their asking prices in droves as the housing market struggles under the weight of surging borrowing costs. A third of all homes for sale in the fourth week of June were listed with discounts on their asking prices - up from...
Bristol council asks government for powers to control rents and tackle housing crisis
City Hall chiefs are asking the government for new powers to set rent controls and tackle the housing crisis. Bristol City Council should have the ability to cap how much landlords can increase rents, according to a new report by an expert commission on renting in the...
HMRC News
Four in ten of all fines issued by HM Revenue & Customs for late filing of tax returns are meted out to people who earn too little to owe any tax in the first place, according to an investigation by tax campaigners. Between 2018 and 2022, 420,000 late-filing...
Hunt’s mortgage rescue deal to exclude buy-to-let properties
The Telegraph has reported that the Chancellors mortgage rescue deal with banks will exclude buy-to-let properties. The article can be read here (subscription may necessary) stating that the The formal Mortgage Charter agreed with banks was published on the Government...
Buy To Rent News
Barratt Developments announced an agreed future sale of 604 homes to Lloyds Banking subsidiary Citra Living Properties for GBP168.4 million in cash. The housebuilder said revenue and profit will be recognised upon the legal completion of each home in the deal, with...
Household Debt: Key Economic Indicators – Debt
The House of Commons Library has published its latest report on Key Economic Indicators on debt. It can be seen here, and says: Household debt as a % of disposable income Household debt peaked in Q3 2008 at 155.6% of household disposable income. It then declined to...
Rents spike and voids plunge in June as market heats up
June saw the cost of rent across England rise for the sixth consecutive month, according to Goodlord’s latest Rental Index. During June, voids also dropped steeply, highlighting rising demand as we enter the busiest season for the lettings calendar. The survey found...
All would-be landlords should be educated before they enter buy-to-let
Speaking at the Propertymark One conference this week Faulkner warned there was a danger of even more ill-informed landlords leaving the sector. Property guru Kate Faulkner OBE wants to see the the property industry and financial advice sectors come together to give...
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Labour is plotting the greatest assault on property rights in living memory
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