A landlord in north London has been ordered to pay £20,000 to tenants after failing to register a property as a house in multiple occupation (HMO). The Tottenham landlord was fined £2,500 and ordered to refund 12 months' rent to the tenants. The property was not...
A development of 450 student flats in Brighton, known as 5 Circus Street, has been put up for sale for £67 million. The apartments are located across four blocks and are currently fully let, with rent starting at £239 per week. The development, completed three years...
Property118 has published a blog by the Landlord Crusader wondering why it is that landlords are always blamed for bidding wars. It can be seen here where he argues against proposed legislation by the Labour Party to end tenant bidding wars and compares it to a...
The ONS has published data on household debt. The summary report can be seen here, and says: Household Debt: Historical Trends: Household debt peaked in Q3 2008 at 156.4% of household disposable income. Decline and Growth: After reaching the peak, household debt...
The Government has published a consultation on restricting ground rent for existing leases. It can be seen here, and closes at 11:59pm on 17 January 2024, and in summary the consultation presents five options for extending this protection to existing leaseholders:...
The Bank of England has warned that household finances in the UK remain stretched, and the full impact of higher interest rates and mortgage pricing is yet to be fully felt. Around 45% of fixed-rate mortgage deals agreed before the end of December 2021 are yet to...
iHomes Letting Limited, a letting agency in Telford, has been fined nearly £17,000 for breaching seven offences related to the management of a house in multiple occupation (HMO). The agency admitted failing to meet several important safety regulations at its HMOs in...
Richard Donnell, the executive director of Zoopla, has stated that the UK is facing a rent crisis due to record net migration. The surge in migration has increased demand for rental accommodation, as renting becomes the “first port of call” for many newcomers. The...
Lewes District Council's cabinet in East Sussex has approved plans to increase council tax premiums for empty properties, which could see owners paying up to three times the standard rate. The proposed measures, set to be implemented from April 2024, include a 100%...
The full report can be seen here, and in summary says: The Leasehold and Freehold Reform Bill 2023-24, introduced to the House of Commons on 27 November 2023, aims to make long-term changes to improve homeownership for leaseholders and freeholders in England and...
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The UK’s initiative to replace gas boilers with heat pumps faces significant challenges due to low consumer demand and...
Labour Deputy Leader Angela Rayner has launched a strong critique against letting agents and landlords, asserting that...
A landlord named Eric Moon has been fined for letting out a property in deplorable conditions, including collapsing...