In an interview with LBC, Angela Rayner, the Shadow Housing Secretary, answered questions from worried landlords about the removal of Section 21. The interview can be seen here, and starts with a landlord who specialises in housing vulnerable people in his properties...
News
Housing association heavily criticised after tenant takes own life after 18 noise complaints
The Housing Ombudsman has criticised the UK’s largest housing association, Clarion Housing Association, after a tenant suffering from mental health issues took his own life. The Ombudsman found severe maladministration. Even though the landlord took note of the...
Help for tenants to become home owners
David Wilson Homes has announced a scheme where a tenant can reserve a home, move in and pay rent for six months. The rent goes to the developer as a contribution towards turning the deposit into a total of 5.0 per cent of the purchase price of the unit. However, the...
More landlords are paying tax
HMRC have published new data that shows the number of unincorporated landlords in the UK has risen to 2.82 million in 2021 to 2022. An unincorporated landlord is an individual that declares their rental income and expenses on their personal tax return, the name of the...
Which is better, Property or Pension?
Hargreaves Lansdown has written a fact sheet to compare pension and property. They state 'We wrote this factsheet to give you useful information, but it's not personal advice. If you’re not sure about what’s right for you, take advice. Remember that investments and...
No change in base rates
The Bank of England’s Monetary Policy Committee (MPC) has voted 6 to 3 to maintain the Bank Base Rate at 5.25%. The Bank of England Summary stated: “The MPC will continue to monitor closely indications of persistent inflationary pressures and resilience in the economy...
Why converting office space into flats won’t solve the housing crisis
The Conversation, an independent source of news analysis and informed comment written by academic experts, has published an article showing that converting offices into housing is unlikely to significantly boost housing supply in line with need. The article can be...
Why women are at the sharp end of the rental crisis
The Financial Times has published an article looking at the problems women have experienced trying to find affordable housing in the UK. The full article can be seen here (subscription may be necessary) and says 'It is now almost impossible for the most vulnerable...
New research shows more landlords leaving
Some 15 per cent of landlords are considering selling up due to rising costs associated with their property, data from Cornerstone Tax has revealed. This news comes in light of last week’s report from The Hamptons Monthly Letting Index which found that UK landlords...
Nationwide Index shows unexpected rise in UK house prices
Some economists had predicted a fall in house prices last month and were surprised when the latest Nationwide Index saw a 0.9% month-on-month increase – which added more than £1,600 to the cost of a typical property – has been linked to a shortage of homes on the...
YOU MAY ALSO LIKE
Labour criticised over lack of affordable housing target
The Labour Party has faced criticism from the thinktank Common Wealth for the omission of a specific 40% affordable...
Manifestos by party
Here is a summary of the key points from the major parties' manifestos for the 2024 UK General Election: Conservative...
Why the UK must address the housing and migration crisis simultaneously
Bright Blue, an independent think tank for liberal conservatism has published an article outlining why the UK must...