High mortgage costs, tax changes, and new legislation continue to pressure UK landlords, driving many to sell their properties, leading to a critical shortage in rental supply. Zoopla's latest data reveals an average of 21 tenants are competing for every available...
News
RICS – Prices Increasing
UK house prices are showing signs of increasing for the first time in nearly two years as market activity picks up, according to surveyors. Price growth moved into positive territory last month for the first time since October 2022, the Royal Institution of Chartered...
iHowz view of the Renters’ Right Bill
The Renters' Rights Bill (RRB), was introduced by the new Labour Government, and follows the Conservative's failed Renters Reform Bill. While the previous government claims time constraints hindered the previous bill's progress, some suggest it wasn’t a priority for...
Grainger comment on new RRB
While the Renters' Rights Bill aims to raise standards in the private rented sector, it does not include rent controls, a mechanism that has proven detrimental to renters when implemented elsewhere. The draft legislation will now go through the Parliamentary process...
iHowz brief MPs
iHowz were delighted to be able present their briefing to MP's in Portcullis House. Whilst we were there the new Renters' Rights Bill was published which form the basis of our next briefing paper. The basis for our briefing is that Successive Governments have taken a...
Renters’ Rights Bill published today
The Renters’ Rights Bill was published today (11/9/24) with the stated intention to introduce a series of reforms designed to increase protections for tenants while maintaining a balance that allows landlords to manage their properties effectively. Key measures...
Announcement from Barret Homes
Barratt Developments, in collaboration with Homes England and Lloyds Bank, has announced a joint venture called the MADE Partnership, which will focus on large-scale residential-led developments. Each partner is expected to invest up to £150 million in this venture....
Is it a landlord exodus or gradual reduction?
According to recent data from Rightmove, the proportion of former rental properties being listed for sale has reached its highest level on record. Currently, 18% of homes for sale were previously rental properties, up from 8% in 2010, with London seeing nearly a third...
Lambeth’s new licensing scheme
Lambeth Council has launched a new property licensing scheme starting from 2 September, aimed at improving the quality of accommodation in the private rented sector (PRS) and cracking down on rogue landlords. Initially covering four wards—Knights Hill, Streatham...
Propertymark urges Government to drop Section 24
Propertymark, a leading trade body for the property sector, is urging the UK government to repeal Section 24 in the upcoming budget to avoid exacerbating the current rental housing crisis. Section 24, introduced by former Chancellor George Osborne, restricts landlords...
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