If Labour wins the upcoming General Election, there are anticipated to be three major housing policy announcements within a fortnight, according to the Sunday Times, which recently endorsed Labour. 1. National Planning Policy Framework (NPPF) Labour plans to reinstate...
A lettings agency, Leaders Romans Group (LRG), which broadly supports the Renters Reform Bill, has expressed concerns over Labour's intention to scrap Section 21 "on day one" of a Labour government. The national lettings director, Allison Thompson, highlighted these...
Charlie Nunn, the CEO of Lloyds Banking Group, has provided a cautionary outlook on interest rates, suggesting that rates between 3.5% and 4.5% will become the new normal. He emphasized that the era of mortgage rates in the range of 1.5% to 2.5% is unlikely to return....
The Labour Party has announced that it will reduce the Stamp Duty exemption threshold for first-time buyers from £425,000 to £300,000 if it wins the upcoming General Election. This change reverses a policy introduced by the Conservative Government in 2022, which had...
Planning System Challenges Affecting UK Investment in Life Sciences In an interview with the BBC, Dave Ricks, CEO of Eli Lilly, the world's most valuable pharmaceutical company, highlighted significant issues with the UK's planning system that deter investment. He...
Writing in Property118, Julie Ford has reminded landlords about the importance of getting adverts correct. The original can be seen here, and says: Ensuring Attractive and Compliant Property Listings for Landlords Creating an appealing and compliant property listing...
Key Developments: MUFBs for First-Time Landlords: Expansion: Shawbrook Bank now allows first-time landlords to acquire Multi-Unit Freehold Blocks (MUFBs) up to six units. Objective: This move aims to support new market entrants in building diverse property portfolios,...
The Conversation has published a piece outlining why they believe Labour will struggle to implement their policy of banning bidding wars. It can be seen here, and in summary: Policy Overview: Labour proposes to ban "bidding wars" in the private rented sector to...
Kier Starmer had a heated interview with Nick Campbell on BBC Radio Live. You can listen to the exchange by clicking here and listening from 33:45, the key points of which are: Landlords and Rent Increases: Keir Starmer acknowledged that "not all landlords are evil."...
The Nationwide House Price Index released this morning has revealed that house prices grew by 0.2% month on month in June. Overall Market Trends: Annual Growth: UK house prices increased by 1.5% compared to June 2023. Monthly Growth: Prices rose by 0.2% from May 2024....
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The recent developments in the UK regarding energy costs and winter fuel allowances are significant for both consumers...
Leasehold and Freehold Reform Act Q&As By Mark Chick Director of ALEP (Association of Leasehold Enfranchisement...