The weekend Financial Times has run a two-page spread entitled ‘Landlords face fresh dilemmas amid the economic storm’ It can be seen here (subscription might be required) and gives examples of ‘several landlords’ planning to sell some, or all their properties ‘in the...
News
Will there be a renting apocalypse?
The Sunday Times has run an article on the newfound desirability of ‘Bills Included’ adverts. Entitled ‘Here comes the renting apocalypse’ it can be seen here (subscription might be necessary) and states that ‘‘Bills included’ is now the most searched for term by...
Agent jailed for conning landlords
A former lettings agent has been jailed for almost three years after admitting conning landlords out of over £80,000.The sentence for Frank Smart - owner of Smart Residential Letting Agents in Newmarket - came after a four year probe by Suffolk Trading Standards,...
The real reason why Britain has a broken housing market
Tessa Shepperson has published an excellent blog on her reasoning why the housing market is failing. It can be seen here, and (in summary) states that we have a perfect storm of: The loss of social housing Private sector landlords can sell up, and are Why are...
Quarter of landlords ready to sell if Section 21 goes
The Nationwide’s buy-to-let arm The Mortgage Works (TMW) have conducted a poll of more than 700 landlords to ascertain their reaction to the White Paper, ‘Fairer Private Rented Sector’ Many landlords are concerned they could be left vulnerable to difficult tenancies...
Leasehold and commonhold reform
The House of Commons Library has issued a bew report on leasehold and commonhold reform. The report can be seen here, and in summary (from press release): Leasehold tenure has grown The Department for Levelling Up, Housing and Communities (DLUHC) estimates there are...
Under-30s tenants and rent
The Guardian reported research by Dataloft showing that four in 10 renters under 30 are subject to tenancy agreements for which the rent exceeds 30 per cent of their pay. Although London has the highest rent levels in Great Britain, in places such as Rotherham,...
England’s housing plans would consume entire cumulative carbon budget: report
The Ecological Economics has published a report which finds that the government’s plan to meet England’s housing affordability crisis by building 300,000 new homes per year will consume England’s whole cumulative carbon budget [1.5°C] by 2050. The report says that...
Right wing magazine criticises “profiteering” landlords
A senior figure at the right wing magazine The Spectator has slammed landlords for blatant profiteering.The article can be seen here was written by the magazine’s assistant online editor says her own rent has been hiked by nearly 30 per cent, despite unspecified...
Property tax revenue continues to rise
Latest figures released by HM Revenue & Customs show yet another large increase in the amount of taxation received by the Treasury from landlords and other property owners. Stamp duty continues to soar, reaching £7 billion between April and July 2022 – an increase...
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