Submitting meter readings to energy suppliers is crucial this weekend to ensure that households benefit fully from the upcoming reduction in the Ofgem energy price cap. Here are the key points: Price Cap Reduction: The Ofgem energy price cap, which is adjusted...
News
Housing affordability in England and Wales: 2023
The Office for National Statistics (ONS) has released data on house prices and annual earnings to calculate affordability ratios for England and Wales. Here are the main points from the report: In 2023, full-time employees in England could expect to spend around 8.3...
Private rent and house prices – UK: March 2024
The Office for National Statistics (ONS) has released the latest data on the Price Index of Private Rents (PIPR) and the UK House Price Index, providing insights into trends in private rent and house prices across the UK. Here are the main points from the report:...
Renters in rural areas increasing faster than London
The County Councils Network has emphasized the need for a long-term plan for housing from the next government, citing a significant increase in rural renting over the past decade. According to new research by the network, the number of households in private and social...
Local Housing Allowance: Commons Committee calls for annual uprating
The Commons Work and Pensions Committee has published a report calling for the Government to introduce a new ‘uprating guarantee,’ to uprate working-age benefits and the Local Housing Allowance (LHA) rate each year, to end the uncertainty faced by people claiming...
Will the Section 21 go?
The Conservative Party's pledge to ban no-fault evictions, a key component of their manifesto, is facing uncertainty following a backlash from Tory MPs, particularly those who are landlords themselves. Levelling up minister Jacob Young has outlined a series of...
Private landlords leave the market in Scotland
The private rental sector in Scotland is experiencing a significant downturn, with landlords fleeing the market in response to what they perceive as a hostile regulatory environment. Data from estate agency Hamptons indicates that the share of properties purchased by...
Law Society urge the government to bring forward their proposals
The Law Society of England and Wales has welcomed the ban on the sale of new leasehold homes but is urging for no further delay in announcing ground rent reforms. The Leasehold and Freehold Reform Bill, which had its second reading in the House of Lords, includes...
80% of landlords say banning Section 21 evictions ‘a mistake’
A recent survey conducted by the Property Redress Scheme (PRS) provides valuable insights into the sentiments of landlords and letting agents regarding the Government's proposal to eliminate Section 21 evictions. The findings reveal a significant increase in negative...
A frustrated landlord speaks out
Property118 has published a blog from a frustrated landlord, Paul, a landlord with 20 rental properties around the Fylde coast, who has expressed frustration with the inefficiencies of the court and rent tribunal systems. He warns that the abolition of Section 21,...
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Zoopla House Prices to rise
Summary of Housing Market Forecast for 2024 Key Points: Expected Price Increase: House prices across the UK are...
Tenant served notice a few days after moving in – by a Council
The Sun newspaper has highlighted the case of a tenant served with an eviction notice by a Council just days after...
Delays in conveyancing causing landlords problems, and money
The property market is experiencing significant fluctuations in property values during the time it takes to complete a...