Mortgage Introducer have reported on research carried out has revealed the cost of rectifying damage caused by tenants can run into thousands of pounds. It can be seen here, and says: If a rogue tenant occupies a property for up to nine months and fails to pay rent,...
News
HM Treasury names new FCA chair
HM Treasury has announced the appointment of Ashley Alder as the new chair of the Financial Conduct Authority (FCA). The newly appointed chair is expected to take up his role in January and begin his five-year term. Alder is currently chief executive officer of the...
Unite Group continue to make good progress in sales during Q2
Unite Group hailed its "good progress in sales" during the second quarter, noting decent demand from both domestic and international students. The student accommodation manager said 90% of its rooms are now sold for the 2022/23 academic year, compared to 81% at this...
80% of private renters are satisfied with their current accommodation and tenure.
The English Housing Survey has been published this morning (8/7/22) The full survey can be seen here, and the headlines are:- Four fifths (80%) of private renters are satisfied with their current accommodation The private rented sector is home to just over 4.4 million...
English Housing Survey released
The latest English Housing Surveys have been released this morning (8/7/22). English Housing Survey, 2020 to 2021: private rented sector English Housing Survey, 2020 to 2021: social rented sector English Housing Survey data on social and private renters English...
House Price News
UK house price growth accelerated in June, defying expectations that the market will cool as consumers face pressure from rampant inflation, figures. According to Halifax, UK house prices rose 13% yearly in June, the strongest growth since late 2004, accelerating from...
Cost of Living Crisis and Interest Rate Rises
More than 2m households have missed a bill payment every month this year as people struggle to keep their heads above water in a “relentless cost of living crisis”, according to new research from consumer group Which?. In June an estimated 2.1m households missed or...
Housing Minister resigns
As part of the mass resignations following the revelations about Chris Pincher (also a former Housing Minister) Stuart Andrew has now also resigned. Stuart Andrew was made the housing minister on 8 February this year, making him the shortest serving Housing Minister...
Supported Housing Improvement Programme launched
On 2 July 2022 the DLUHC launched the Supported Housing Improvement Programme which the government says will help councils in worst-affected areas tackle bad quality and poor value for money in supported housing. The Department says that there are instances of...
Select Committee inquiry into exempt accommodation
On 4 July 2022 the Commons Levelling Up, Housing and Communities (LUHC) Committee concluded the public evidence sessions for its inquiry into exempt accommodation. The LUHC Committee heard from Eddie Hughes, Parliamentary Under Secretary of State (Minister for Rough...
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Tenancy deposits for rented properties with ‘disorganised comings and goings’
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Is there an over supply in London?
The latest rental market snapshot indicates an oversupply of rental properties in London, resulting in a decline in...
Portsmouth Council urged to extend HMO controls because of sewage issues
Portsmouth City Council is facing calls for tighter controls on houses in multiple occupation (HMOs) due to concerns...