Gloucester City Council is implementing stricter regulations for landlords renting out properties that do not meet energy efficiency and electrical safety standards. Here are the key points : Energy Efficiency Standards: Landlords renting out properties with low...
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DWP tightening up UC rules
The Department for Work and Pensions (DWP) is rolling out stringent new regulations aimed at encouraging Universal Credit claimants to secure employment within specified timeframes to prevent long-term dependency on benefits. This initiative, termed Additional...
Landlords served with fine of nearly £600,000
A legal battle between Camden Council and landlords Joel Salem and Judith Robinson-Dadoun has finally concluded with a significant financial penalty. The landlords were found guilty of renting out sub-standard flats and disregarding enforcement notices related to a...
Pensioners suffer biggest losses from Tory tax raid as Hunt boosts millennials
The Telegraph is running a piece on pensioners losing out in the budget, as most don't pay national insurance contributions. They back this up with a brilliant Matt cartoon on the front showing two tax people saying 'Pensioners are the biggest losers in the Budget. ...
Nationwide cements its position as largest Building Society
Virgin Money UK said it has agreed to a takeover by Nationwide Building Society. Under the Nationwide over, Virgin Money UK shareholders to receive 218p per share in cash, as well as 2p dividend from Virgin Money. This bring the total to 220p. The Nationwide takeover...
Family ‘forgotten’ by council
The Local Government and Social Care Ombudsman revealed a case on February 29, 2024, involving a Waltham Forest family who endured 12 months of sofa surfing due to the local council's oversight. The family became homeless in August 2022, but the Ombudsman's...
Selective licensing and the Renters Reform Bill
The Chartered Institute of Environmental Health (CIEH) has voiced apprehension following a BBC report indicating that the government intends to launch a review of selective licensing with the stated objective of easing regulatory burdens on landlords. This development...
Comment on Halifax data showing a 1.7% annual rise in house prices
The latest Halifax house price index reveals several trends in the UK property market: Overall Growth: Average house prices rose by 0.4% in February, marking the fifth consecutive monthly increase. However, the annual growth rate has slowed slightly to 1.7% compared...
Halifax reports 5th monthly rise in house prices
UK house prices rose for the fifth consecutive month in February, according to data from Halifax on Wednesday. The Halifax house price index rose by 0.4% on a monthly basis in February, after rising by 1.2% in January. The typical UK home cost now costs around...
Budget – comment from MfB
Gavin Richardson, Managing Director | Mortgage Finance Brokers has issued the following statement: Chancellor Jeremy Hunt gave what will likely be his last Budget Statement before the next General Election. Which announcements will impact property investors, and does...
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