The BBC is reporting that the government is considering extending its mortgage guarantee scheme as part of measures to help first-time buyers in the upcoming Autumn Statement. See the announcement here.
News
HMRC hold webinars for new landlords
HM Revenue and Custoims is running a series of webinars aimed primarily at those new to earning income from property of all kinds. The next is on Thursday October 26 and will tell attendees about the Revenue’s definition of ‘income from property’, about furnished...
Are private landlords being ripped off by letting agent fees?
The Sunday Times has run an article on letting agent fees. It can be seen here (subscription may be necessary) starting 'Landlords are demanding an end to “simply unreasonable” upfront fees charged by some high street letting agencies to find tenants for their...
Renters Reform Bill Summary
The House of Commons Library has published a summary of the Renters Reform Bill Summary. A summary can be seen here, with the full report here.
Section 21 – to be delayed
Commons Housing Select Committee which submitted a report to the Government on its concerns on part of the Renters Reform Bill. The Government have finally responded, which can be seen in full here, and states 'The government will not commence the abolition of section...
Rightmove competitor OnTheMarket to get new owner
Online real estate company, CoStar, which is listed on the US Nasdaq, has made an agreed bid for the UK online agent, On The Market Assuming the bid goes through, it will put the near monopoly market leader, Rightmove, under pressure as the backing from Co-Star...
Crunch time for student buy-to-lets
The Financial Times has published an article on the threat of new legislation comes at a time of high interest rates and inflation. It can be seen here (subscription may be necessary) giving some background, and asking the question 'Landlords in the student niche, in...
Government to review rules governing Pooled Client Accounts
In a debate on Business Banking: Undesignated Client Accounts, the Government has resulted in assurances from HM Treasury that action will be taken to improve guidance and reform anti-money laundering procedures if necessary and end the unfair denial of banking...
House prices will return to growth – Hamptons report
A recent report by Hamptons International says House prices to readjust over the next two years with return to growth in 2025. The report can be seen here and says: The cost of living squeeze and higher interest rates have overshadowed the housing market this year....
Harlow Council is set to enforce stricter penalties on rogue private landlords
Essex TV have reported that Harlow Cabinet agreed to carry out 4-week public consultation on a new Private Rented Sector Housing Enforcement Policy. Following the consultation, the policy will go back to Cabinet later next month for adoption. The consultation is live...
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Conservative manifesto and housing
The Conservative manifesto for the 2024 election, led by Prime Minister Rishi Sunak, emphasizes home ownership with a...
Conservative manifesto launched
The Conservative manifesto for the 2024 election includes several key policies aimed at addressing housing, taxation,...
Liberal Democrats’ Housing and Renters’ Rights Commitments in Election Manifesto
Liberal Democrat leader Ed Davey unveiled the party’s 116-page manifesto on June 10, with significant pledges focused...