An extra 356,000 UK mortgage borrowers could face payment difficulties by the end of June 2024, in addition to those who are already behind, according to the City regulator. This has been reduced from a previous estimate made last September that an additional 570,000...
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Mould and damp help boost sales of ventilation solutions
Leading fan and ventilation manufacturer, Volution, with brands which include Vent-Axia, Manrose and Airtech, made the following comments in their latest results. The importance of indoor air quality to our health and the need for energy efficient, low carbon...
Landlords not covered by new mortgage guidance
The Financial Conduct Authority (FCA) has updating borrowers’ responsibilities to their existing mortgage holders, will only cover ‘regulated’ products. You can see the full details here. This means that buy-to-let mortgages, which are deemed to be ‘unregulated...
Report on LHA issued
The House of Commons Library has issued a report on the Local Housing Allowance (LHA). It can be seen here, and says: What is Local Housing Allowance (LHA) LHA is not a benefit in its own right. It sets maximum amounts claimants of Universal Credit and Housing Benefit...
Chancellor urged to commit extra £6bn a year on energy efficiency in homes.
A coalition of charities and campaigners have demanded the chancellor funnel more funds into making Britain’s leaky housing stock energy efficient at next week’s budget to help cut bills and protect the environment. In a letter to Jeremy Hunt, more than 20...
Latest RICS survey concerned about housing
The Royal Institute of Chartered Surveyors (RICS) UK residential market survey has been published, and can be seen here. They report that new buyer enquiries is reduced on a seasonally-adjusted basis, but has shown improvement on last month. As they put it ‘it is...
Landlords should not improve their energy efficiency – yet, said a buy-to-let expert
iHowz have been urging Government to sort out the mess of MEES – see our campaign section. This has now been echoed by Roger Morris, large-scale landlord and director of sales and distribution for the mortgage division of Tandem Bank, whilst speaking at the The...
Landlord fined after family with baby were left without water or proper heating
A private landlord has been prosecuted after a family – including a baby and two older children - were left without water or adequate heating in their rented property. Anthony Wardrop, 79, on behalf of Sedgedene Estates, was fined £1,000 and ordered to pay £580 in...
Is the UK taxation of landlords’ fair?
Mark Alexander - Founder of Property118, has published an article asking why a landlords business is not treated the same as any other business. It can be seen here, and says: property rental businesses, especially privately owned ones, have a much tougher deal when...
HALIFAX HOUSE PRICE INDEX
UK Halifax house prices grew by 1.1% in February month-on-month, outpacing expectations for a drop of 0.3% and accelerating from January and December at 0.2% and -1.3% respectively. Year-on-year, house prices grew by 2.1%, also ahead of forecasts and unchanged for the...
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