Glenn Armstrong, self-proclaimed 'millionaire maker,' runs the Property Millionaire Academy and offers various services and resources to investors. He gained prominence for his claims of helping individuals achieve significant wealth through property investment. As...
News
Generation Rent backs rent control
The Generation Rent activist group is placing significant emphasis on the upcoming Metro Mayor elections, seeing them as a crucial opportunity to advocate for pro-renter policies. Here's a breakdown of the key points highlighted in the statement and related...
The average UK tenant is spending nearly 40% of their monthly income on rent
The latest research from Canopy reveals concerning statistics regarding the affordability of rent for tenants in the UK. Here are the key points: Rent-to-Income Ratio: On average, UK tenants are spending nearly 38.3% of their monthly income on rent. This is just below...
London Mayor Sadiq Khan pledges to build 6,000 affordable homes and to implement rent controls
London Mayor Sadiq Khan has made significant pledges to address the housing crisis by building 6,000 affordable homes with rents tied to the earnings of key workers. Here's a summary of the key points: Khan's Commitment: Sadiq Khan, during the launch of his third...
Labour-commissioned review of rental market set for release soon
A news article published in Labourlist, provides insights into Labour's ongoing efforts to reform the private rental market, particularly through the commissioning of a review led by Stephen Cowan, a prominent Labour figure. Here's a breakdown of the key points:...
The latest Halifax House Price Index released
The latest Halifax House Price Index released this morning revealed a monthly change of -1% in March. Kim Kinnaird, Director, Halifax Mortgages, said: “UK house prices grew in March on a quarterly basis, by +2.0%, with annual growth slowing to +0.3%, from 1.6% in...
Number of renters in rural areas increased faster than London over the last decade
research conducted by the County Councils Network sheds light on significant shifts in housing patterns, particularly in rural and county areas of England, over the past decade. Here's a summary of the key findings and recommendations outlined in the report: Rising...
Plans Revealed For Former Go Outdoors Site In Chatham To Create 335 Homes
Hasan is reporting that the redevelopment plans for the old Go Outdoors site in Chatham Town Centre promise significant changes to the area, aiming to transform it into a vibrant community hub. The development, part of the Chatham Town Centre Masterplan, proposes the...
First-time buyers behind half of London property sales
The Telegraph is reporting that the first quarter of 2024 saw a significant milestone for first-time buyers in the UK housing market, with a record 33% of all homes sold being purchased by first-time buyers. This increase was fueled by falling mortgage rates, making...
Urban myth disproved that first time buyers have been priced out of the market, partly by landlords.
The latest figures from lettings agency Hamptons suggest that the popular narrative about first-time buyers being priced out of the market, partly by landlords, may not be entirely accurate. According to their data, slowly reducing mortgage rates this year have led to...
YOU MAY ALSO LIKE
Building Society hails new dawn for the housing market
A building society has indicated that the combination of the UK Labour government’s housing proposals and a regional...
Lewisham Council being investigated
The Housing Ombudsman has launched a special investigation into Lewisham Council, a Labour council in south London,...
Holiday lets tax change will hit local economies
The abolition of the furnished holiday lettings (FHL) tax regime, confirmed earlier this week, will significantly harm...