Writing in the Landlord Today, Adrian Lowery, financial analyst at leading wealth management firm Evelyn Partners questions what the Chancellor might do in the budget on March 6th with stamp duty. It can be seen here, stating that the Stamp Duty Land Tax (SDLT) has...
News
Is a change of government Starmergeddon for Britain’s landlords?
Writing in Landlord Today, Marc von Grundherr, Director of Benham & Reeves Lettings and Estate Agents, looks at the possible outcome of a Labour Government. It can be seen here, and and provides a comprehensive overview of the potential implications of a Labour...
Licensing schemes look to substantially increase
A surge in property licensing schemes and consultations in the UK in 2024, as reported by Kamma, indicates a shifting landscape for landlords and letting agents. With a record number of new schemes and consultations, 2024 is poised to surpass the previous year's...
Prime Minister criticises Council Tax rises
Rishi Sunak has voiced criticism towards local councils in England for proposing council tax increases exceeding 5%, even as many authorities grapple with funding shortfalls, pushing some to the brink of bankruptcy. The Prime Minister's comments come amid a national...
Council-owned company evicts tenants to repay £18m council debt
Tenants of NCH Enterprises, a council-owned company managing housing stock in Nottingham, are facing eviction as the company seeks to sell 44 properties to repay a £18 million debt owed to Nottingham City Council. This debt arose from NCH's illegal use of funds from...
temporary licensing requirements for asylum seeker accommodation scrapped
The Government has decided to scrap plans to temporarily remove licensing requirements for asylum seeker accommodation following a High Court challenge from refugees. This "last-minute" reversal by ministers came to light during a hearing in London, where a judge was...
Court system is failing landlords wanting to evict tenants
Property118 has highlighted the problems that the UK's court system inefficiencies and backlogs are creating significant challenges for landlords seeking to regain possession of their properties from tenants who have breached their tenancies or stopped paying rent....
Rise in fraudulent applications being seen
The surge in fraudulent tenancy applications reported by Homelet underscores the growing challenges in the rental market, particularly in regions like the East of England, London, South East, and Wales. As rents continue to rise above the rate of inflation and demand...
Fall in new home registrations is creating crisis for the sector
Writing in Estate Agent Today, Jonathan Rolande has an opinion piece in which he says that the recent sharp decline in new home registrations, as reported by the National House Building Council, is indeed a cause for concern. With a 44 percent decrease in new home...
Many landlords have mortgage arrears with the danger of re-possession
The latest data from UK Finance reveals concerning trends in the buy-to-let (BTL) mortgage market, with an 18 percent increase in arrears compared to the previous quarter. BTL mortgage arrears, defined as 2.5 percent or more of the outstanding balance, have risen to...
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Analysis of the Residential Market Post-Election
Rightmove has just published their recent Market survey. It can be seen here, and in summary: Current Market Trends...
New Ministry of Housing, Communities & Local Government Welcomes Five New Ministers
In a significant move aimed at reforming the private rented sector (PRS) and addressing housing needs, the newly...
Current Sentiment and Future Outlook in the Residential Market
The sentiment among surveyors and estate agents about sales volumes has reached its most optimistic level in over two...