The Renters Reform Bill's failure to pass into law before Parliament closed ahead of the July 4 General Election has sparked a political blame game between Labour and the Conservative government. Labour sources indicate they were prepared to support the bill, despite...
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Failure of the Renters Reform Bill criticised
The failure of the Renters Reform Bill to pass into law by July 4 has drawn sharp criticism from various stakeholders, including the Leaders Romans Group (LRG) and the National Residential Landlords Association (NRLA). This bill, developed over several years, aimed to...
Gove is leaving
Housing Secretary Michael Gove has announced that he will not seek re-election in the upcoming General Election on July 4, marking the end of his nearly 20-year tenure in Parliament. Gove, who represents Surrey Heath, has held various high-profile roles throughout his...
Leasehold and Freehold Reform Bill becomes law
The Leasehold and Freehold Reform Bill, the last legislation passed before Parliament adjourned ahead of the General Election on July 4, represents a partial victory for leaseholders. The bill introduces greater transparency regarding charges and bans the sale of new...
iHowz Invited to Meeting in the Lords
Lord Jackson chaired a meeting in the Lords recently, and iHowz were invited. Along with the NRLA and Goodlord, Vash Ratnasingham from iHowz presented to an audience of industry notables, MPs, and Lords. Held before the General Election was to be called, the meeting...
Fewer properties is forcing up rents
A recent survey by bridging broker Finbri highlights a significant surge in tenant demand in the private rented sector (PRS), with 71% of landlords reporting higher demand over the past year. This increased demand is driven by a shortage of rental properties, as...
Home Office say Right to Rent rules made ‘easier’ for agents and landlords
The Home Office has announced changes to the Right to Rent rules, aimed at making it easier for letting agents and landlords to check the immigration status of tenants and avoid significant fines. One key change involves the EU Settlement Scheme, where individuals...
Labour would bring in local rent caps
A Labour government could potentially introduce rent caps, giving local councils the authority to limit annual rent increases by landlords. This proposal is similar to the Housing Bill recently unveiled in Scotland. Rachel Reeves, the shadow chancellor, mentioned this...
New buy-to-let mortgage offerings
Today, Santander announced several changes to its residential and buy-to-let mortgage offerings: For landlord mortgages: - Introducing a new 75% loan-to-value (LTV) two-year tracker rate for landlords at 5.64%, accompanied by a £1,999 product fee. - All other...
London weak, Manchester strong – new report says
A new analysis by online agency Yopa suggests that London has a weak ripple effect for house price growth across local authorities surrounding the city, while the market surrounding Manchester is the best in Britain in this regard. The agency analyzed house price...
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Buy-to-let in the doldrums?
The recent "Mail on Sunday" report on the buy-to-let sector emphasizes the challenges landlords currently face due to...
Rent consumes highest proportion of income in seven years
A recent Financial Times report highlights that rent now consumes a higher proportion of household incomes than at any...