A coalition of landlords is seeking legal advice over an Emergency Bill introduced by the Scottish Government that has frozen rents and banned evictions until at least April next year. More details can be seen in an recent article in the Evening Standard
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London Councils Trial Energy Efficient Homes while PRS Await New EPC Requirements
Westminster City Council has opened the doors to a retrofitted show home, a one-bedroom terraced flat in Queen’s Park, to encourage residents to make their home more energy efficient. Improvements made to the show home include: Internal wall and underfloor insulation...
RICS Update on Housing Market
"Storm clouds are visible" in the UK housing market, according to surveyors, with surging mortgage rates expected to push house prices downwards in the year ahead. The market lost momentum in September, with new buyer inquiries falling for the fifth month in a row,...
Section 21, yes or no?
Unfortunately, this Government is also getting a reputation for inconsistency, instance the U turn on the higher rate of tax. Have we now seen this with the proposed abolition of the Section 21? Earlier this week, the Times newspaper carried a brief article stating...
Household Debt: Key Economic Indicators
The House of Commons library has just a new report showing figures for household 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 132.4% by...
Will the Government keep the Section 21?
The Times is reporting that ‘Ministers are also discussing shelving legislation drawn up by Michael Gove, Clarke’s predecessor, to ban no-fault evictions. One government source said it was not considered a priority by the new administration and would be delayed....
Make sure you are licensed, especially student HMO’s
Landlords and their agents are being encouraged to check the licensing status of their homes after one management company was forced to repay nearly £85,000 of rent for not having the correct license. The warning came from Very Wise Student – a new service offering...
New selective licensing scheme
Leicester City Council is introducing Selective Licensing in three areas of the city, requiring privately-rented homes to be licensed in order to protect the most vulnerable people and improve the standards of private sector rented housing. Landlords will need to...
Landlords Will Struggle Under Existing Income Tax Regime
TaxationWeb has published an article on the problems experienced by landlords showing the effect of recent tax changes. It can be seen here
How landlords can secure the best mortgage deals
The Telegraph has published a guide to finding the best mortgage deals. It can be seen here – subscription might be necessary
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Selective licensing and the Renters Reform Bill
The Chartered Institute of Environmental Health (CIEH) has voiced apprehension following a BBC report indicating that...
Comment on Halifax data showing a 1.7% annual rise in house prices
The latest Halifax house price index reveals several trends in the UK property market: Overall Growth: Average house...