Islington Council has launched a public consultation to gather feedback on renewing and expanding its property licensing schemes. Key Proposals Renewing the Borough-Wide Additional Licensing Scheme Currently applies to houses or flats shared by 3 or 4 unrelated...
Open News
Mortgage Advice Bureau (MAB) Trading Update
Mortgage Advice Bureau (MAB) Trading Update Year Ended 31 December 2024 Current Trading and Outlook MAB has reported clear signs of pent-up demand, reflected in a 15% year-on-year increase in mortgage applications during Q4 2024. Looking ahead, UK Finance forecasts a...
Update on Leasehold Reforms
|Selling properties with short leases has long been a challenge for estate agents. However, significant changes to leasehold rules were announced on 22 January 2025 by Matthew Pennycook, Secretary of State for Housing and Planning. Key Changes: Leaseholders will no...
Paragon Banking Group Trading Update: Q1 FY2025
Paragon Banking Group Q1 FY2025 Trading Update Reporting Period: 1 October – 31 December 2024 Key Highlights 1. Lending Performance Total New Lending: £677.4 million (up from £610.7 million in Q1 FY2024). Buy-to-Let Lending: £423.2 million (significant increase from...
Housing Supply in England (2024 Q3)
The Government has released the latest figures on housing supply, they can be seen here, and in summary: Building Control Figures: Starts: 29,310 (seasonally adjusted), a 17% increase from the previous quarter and 38% increase from the same quarter in 2023. However,...
Landlord wins council tax change appeal
Maxine Fothergill, owner of Amax Estates and Past President of ARLA, achieved a significant victory after successfully appealing Medway Council’s decision to impose council tax charges on two properties that had been left uninhabitable for over 20 years. The legal...
Consultation on commercial tenancies
The Law Commission is reviewing Part 2 of the Landlord and Tenant Act 1954, focusing on whether the legal framework that governs business tenants' rights to renew their tenancies is still suitable in today’s market. The review could lead to significant changes,...
Warning new amendments to the Rights Bill could jeopardise many new lets
Knight Frank’s Head of Lettings, Gary Hall, has voiced concerns has voiced concerns that the new rules to be brought in by the Rights Bill could complicate matters for both landlords and tenants. He explained: “The big problem with this is often tenants want to move...
National Trust is now leaving homes empty to avoid new “burdens”
In an session in the House of Commons today (20/1/25) the Secretary of State for Housing, Angela Rayner was challenged on several points: It can be seen here (from 14:30) Deputy Prime Minister Angela Rayner's Position Balance Between Rights: Ms Rayner emphasised the...
house prices, mortgage approvals, and housing starts and completions
The House of Commons Library has published its latest Housing market: Economic indicators, which can be seen here. Here's a breakdown of the key trends: House Prices (UK House Price Index) Annual Growth: Average house prices rose by 3.3% from November 2023 to November...
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Unite Group Reports Strong Student Lettings Despite Slightly Lower Sales
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