Spare Room are reporting that London rents fell for two consecutive months for the first time since February 2021. The article can be read here, and in summary they are reporting that London rents fell for two consecutive months in November and December 2023, marking...
Paul Johnson, a director of the Institute of Fiscal Studies and visiting economics professor at University College London, has advocated for the abolition of stamp duty for private landlords in the UK. In an op-ed, Johnson highlights the additional tax burden on...
The Department for Work and Pensions (DWP) in the UK has confirmed the capital limits applicable to several state benefits. This comes ahead of new powers aimed at monitoring claimants' bank accounts. Under the new measures, Britain's top 15 banks will be requested to...
The UK government has announced an increase in Local Housing Allowance (LHA), benefiting more than one million renters with an average cash boost of £800 a year. The LHA boost, effective from April, is expected to make 1.6 million private renters on either Universal...
The UK Labour Party is seeking to introduce regulations for lettings, estate, and buying agents through an amendment to the Leasehold and Freehold Reform Bill. The amendment, proposed by shadow housing minister Matthew Pennycook, aims to implement the Regulation of...
Recent data from UK conveyancing solicitors, Bird & Co, shows a decrease in interest in new build properties for three consecutive years. The statistics reveal a decline in the percentage of people buying new builds compared to old builds in 2023. The trend has...
DIY activities are on the rise in the UK, with the average homeowner expected to spend £1,380 on DIY in 2023. 37% of homeowners are spending more than they did the previous year. Gen Z, who are becoming homeowners, are particularly engaged in DIY activities, with DIY...
A survey of members of ALEP (Association of Leasehold Enfranchisement Practitioners) reveals that 80% agree that residential ground rents can have a negative or undesirable impact on the sale of leasehold properties. ALEP represents over 1,200 solicitors, barristers,...
Research by easyMoney reveals that UK house prices are expected to climb on an annual basis, and that there has only been four times in 50 years that prices would have fallen. The analysis is based on historic UK house price data from the Land Registry spanning the...
The ONS House Price Index for November 2023 indicates that average house prices in the UK decreased by 2.1% in the 12 months to November, compared to a drop of 1.3% in the 12 months to October 2023. The average house price in November 2023 stood at £285,000, down...
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Landlord Today has posted a blog outlining what they believe the next 5 years will look like. It can be seen here, and...
Writing in Landlord Today, Richard Rowntree, Managing Director of Mortgages at Paragon Bank calls for the new...
Mortgage Strategy has published a blog with their views on the potential outcome of the new Government. It can be seen...