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Housing Market
UK house hunter inquiries, sales and property prices slipped back further in June as mortgage rates increased, according to surveyors. But the upward pressure on rental prices continues as demand from renters rises but instructions from landlords...
South London council to be inspected in-person by Housing Ombudsman because it’s failing to deal properly with residents’ complaints
A South London council will be the first in the country to be inspected in-person by the Housing Ombudsman because it is failing to deal properly with complaints from residents. The Housing Ombudsman, which deals with complaints about local...
‘Draconian’ Net Zero rules will hit landlords to tune of £6,000 – but only save £36 a year
City AM are reporting on an exclusive interview with Jonathan Rolande from the National Association of Property Buyers, who has warned that the potential imposition of these rules by the government is causing much concern to property owners,...
A taxing time for landlords…
LandlordZone have published a very interesting article on the problems faced by landlords with 'Changes in tax rules for buy-to-let landlords have definitely made the business of letting property more challenging, particularly with those who have...
Government fails to spend £1.9bn on affordable housing.
The Guardian is reporting The Department for Levelling Up, Housing and Communities (DLUHC) is is handing back £1.9bn to the Treasury originally meant to tackle England’s housing crisis after struggling to find projects to spend it on. The article...
Large Estate Agent issues profit warning as sales reduce
The Financial Times is reporting that 'UK estate agent Winkworth has warned profits will fall short of forecasts because of a slump in sales, sending shares in the group down 15 per cent in early trading.' The article can be read here (subscription...
Labour wants to help protect landlords small block cladding.
A Labour MP wants the government to include private landlords in the Building Safety Act’s leaseholder protections scheme. The government introduced the Building Safety Act in 2022 in a bid ensure that leaseholders do not have to pay to fix safety...
Shelter shows it’s true colours.
A recent Levelling Up, Housing and Communities Select Committee heard evidence from Ben Beadle, NRLA and Shelter’s policy manager Tarun Bhakta, as well as the Property Ombudsman Richard Blakeway. It can be seen in full here. Shelter made several...
Up to 225,000 landlords face losses as refinancing costs jump
The Telegraph is reporting that 'as 225,000 landlords face losses on their rental properties when they come to refinance as mortgage costs climb towards 7pc, analysis shows.' The article can be seen here (subscription may be necessary) and...
Will a tenants accept a rent increase?
More than a third, or 36%, of all tenants would both renew their contract and accept a rent increase if they had a positive relationship with their landlord, research from price comparison website Uswitch has found. The survey of more than 2,000...
Four in 10 landlords plan to buy more properties – Landbay
Despite expectation of a mass exodus from the rental market, many landlords are buying even more properties to expand their portfolio, according to the latest Landbay landlord survey. Results of the lender’s quarterly survey revealed that more than...
Is the Renters Reform Bill about to be delayed?
Progress of the Renters Reform Bill through the House of Commons has been unexpectedly slow, with no date for the ‘second’ reading. It is considered unusual for a Bill to take this long to move from a first to second reading, with the committee...
Unite reports record levels of reservations
Student accommodation provider Unite updated on its recent trading, noting "record levels" of reservations for 2023/2024 academic year have persisted, with 98% of rooms now sold. This is up from 91% a year ago. Unite UK Student Accommodation Fund's...
Home buying and selling improvement: take part in research
DLUHC are looking for anyone who has bought or sold recently who is happy to share their experience. See below: Home buying and selling improvement: take part in research The Department of Levelling up Housing and Communities (DLUHC) is looking at...
Renters pay their landlords’ buy-to-let mortgages, so they should get a share of the profits
John Bird, founder of the Big Issue has published an article calling for tenants to receive a share of the profits enjoyed by landlords. It can be seen here, and fails to mention that the landlord takes the initial risk and has to maintain the...
House price discounts
Property sellers are being forced to slash their asking prices in droves as the housing market struggles under the weight of surging borrowing costs. A third of all homes for sale in the fourth week of June were listed with discounts on their...
Bristol council asks government for powers to control rents and tackle housing crisis
City Hall chiefs are asking the government for new powers to set rent controls and tackle the housing crisis. Bristol City Council should have the ability to cap how much landlords can increase rents, according to a new report by an expert...
Hunt’s mortgage rescue deal to exclude buy-to-let properties
The Telegraph has reported that the Chancellors mortgage rescue deal with banks will exclude buy-to-let properties. The article can be read here (subscription may necessary) stating that the The formal Mortgage Charter agreed with banks was...
Buy To Rent News
Barratt Developments announced an agreed future sale of 604 homes to Lloyds Banking subsidiary Citra Living Properties for GBP168.4 million in cash. The housebuilder said revenue and profit will be recognised upon the legal completion of each home...
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LATEST NEWS
Left out in the cold – the hidden health costs of cold homes
The report from Sir Michael Marmot's Institute of Health Equity highlights the significant health impacts of living in...
Tax man admits mandatory digital tax will cost landlords more
The government's confirmation of Making Tax Digital for Income Tax Self Assessment (MTD for ITSA) brings both...
Airbnb outlines typical host
Airbnb's latest figures highlight the important role that short-term letting plays for many landlords in the UK,...
Many councils lack ability to enforce landlord energy requirements
The Minimum Energy Efficiency Standards (MEES), implemented in April 2018, were designed to target private rented...
Leasehold flats: ‘I wish I had never touched them’
The BBC is running an article on the problems with leasehold flats, it can be seen here. In the article, Liz...
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