The consultation runs from 13 January until 24 March 2023 and focuses on plans to designate a new Additional HMO Licensing scheme, the former Additional Licensing scheme came to a close at the end of 2022, for another five years. An independent review of the former...
News
Household Debt: Key Economic Indicators
The House of Commons Library has just published a report on Household Debt: Key Economic Indicators. 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...
Data protection requirements for landlords
On 30 January 2023 Shelter Legal updated its webpage concerning data protection requirements for landlords. Some landlords or letting agencies which handle personal data need to register with the Information Commissioner’s Office and pay a data protection fee. For the...
Bill of Rights Bill: Parliamentary Committee urges Government not to proceed
The Human Rights Joint Committee has published a report in which it calls on the Government to reconsider the majority of the Bill of Rights Bill, calling into question the wisdom of proceeding with the legislation at all. The Committee has numerous criticisms of the...
Repairing unsafe buildings
On 30 January 2023 the DLUHC announced that it had issued developers with legally binding contracts that will commit them to pay to repair unsafe buildings. The Government has set a six-week deadline for developers to sign the legal agreements failing which they will...
Leeds City Council provides update on its actions to tackle mould and damp issues in council housing
Leeds City Council have just published an update on its work to tackle mould and damp issues in council housing.; It can be seen here.
Second home and buy-to-let sales surge by a fifth.
A report in the Telegraph shows that taxes paid on second properties surged in the last financial year. The report can be seen here (subscription may be necessary) and shows that HMRC have reported tax paid last year of £4.56bn, against an average of £3½bn in previous...
13,000 offshore companies holding UK property face fines
Almost 13,000 offshore companies holding UK property have failed to declare their ultimate owners and may now face fines and a ban on selling their land, the government has said. Martin Callanan, a business minister, praised the introduction of the new register of...
Nationwide – annual house price growth drops to 1.1% in January
UK Nationwide house prices grew by 1.1% year-on-year in January, falling short of estimates for growth of 1.9%. On a monthly basis, the figure declined by 0.6% also underperforming forecasts for a decline of 0.3%, representing the fifth consecutive monthly drop....
Morgage Advice Bureau Expect Volume Recovery Later this Year
In their a trading update for the year ended 31 December 2022, leading morgage broker, Mortgage Advice Bureau reported revenue for the year increased by 22%, despite the immediately negative impact of September's mini-budget on the mortgage market. The statement...
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London Mayor Sadiq Khan pledges to build 6,000 affordable homes and to implement rent controls
London Mayor Sadiq Khan has made significant pledges to address the housing crisis by building 6,000 affordable homes...
Labour-commissioned review of rental market set for release soon
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