HMRC has just released the property transactions for May. They can be seen here, and in summary: Residential Transactions: Seasonally Adjusted: May 2024 saw 91,290 transactions, a 17% increase from May 2023 and a 2% increase from April 2024, marking the fifth...
News
Survey shows most rental homes have a low EPC rating
Rightmove has highlighted a significant issue in the UK's housing stock, revealing that more than 18 million homes have an Energy Performance Certificate (EPC) rating of D or below. This represents over half (55%) of all homes in the UK. Key Findings from Rightmove's...
Landlords feeling more positive
The latest survey by Landbay reveals a shift in landlord sentiment, indicating a decrease in negativity about the prospects of their buy-to-let businesses and investments. According to the survey, 27% of landlords currently feel negative about their business, a...
Rents tend to rise more under Labour
The upcoming General Election has significant implications for the rental market and housing policies. Historical data indicates that rent prices tend to rise by an average of 1.96% in the 12 months following a General Election. This trend is more pronounced under...
Survey Reveals Landlord and Tenant Voting Intentions and Dissatisfaction with Current Government
In a recent survey conducted by the lettings agency OpenRent, it was revealed that only 31.8% of landlords support the Conservative Party in the upcoming election, marking a significant shift from the traditionally strong backing the party has received from the...
National Scandal: Council’s Electrical Safety Failures Demand Severe Penalty, Says Expert
A recent move by Southwark Council to refer itself to the Regulator of Social Housing (RSH) for failing to meet electrical safety standards should be viewed as a national scandal, according to private sector safety law expert Phil Turtle of Landlord Licensing &...
Decision of large group to enter rental market criticized
The decision by Berkeley Group to enter the private rental sector by letting out 4,000 new homes across 17 regeneration sites in London and the South East has sparked significant concern among various experts and industry commentators. Critics argue that this move...
Agent lost case under the Tenant Fees Act
A recent tribunal decision has clarified that certain fees charged by landlords and their agents for early tenant exits constitute prohibited payments under the Tenant Fees Act. The case involved a London landlord and Winkworth Shoreditch, his managing agent. This...
Is there a loophole in Labours proposed end to bidding wars?
Labour's proposal to make rental bidding wars illegal is facing criticism due to a significant loophole that could undermine the policy's effectiveness. While Labour aims to stop letting agents and landlords from initiating bidding wars, the loophole allows tenants to...
Lack of Optimism with voters
With the General Election just one week away, a new poll highlights the top priorities for landlords regarding voting and politics. Landlord Voting Decisions and Sentiments Decisive Voters: Almost two-thirds (62%) of landlords have decided who they’re voting for,...
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New HMO mortgage announced
Fleet Mortgages has made significant updates to its mortgage offerings specifically designed for houses of multiple...
Chancellor criticised for rent rises
The reported plan by Chancellor Rachel Reeves to allow social rents to rise annually by the Consumer Price Index (CPI)...
Last chance to participate in Reading licensing consultation.
The consultation by Reading Council on HMO and Selective Licensing. The last date to participate is this Thursday...