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Household Debt: Key Economic Indicators – Debt
The House of Commons Library has published its latest report on Key Economic Indicators on debt. It can be seen here, and says: Household debt as a % of disposable income Household debt peaked in Q3 2008 at 155.6% of household disposable income. It...
Rents spike and voids plunge in June as market heats up
June saw the cost of rent across England rise for the sixth consecutive month, according to Goodlord’s latest Rental Index. During June, voids also dropped steeply, highlighting rising demand as we enter the busiest season for the lettings...
All would-be landlords should be educated before they enter buy-to-let
Speaking at the Propertymark One conference this week Faulkner warned there was a danger of even more ill-informed landlords leaving the sector. Property guru Kate Faulkner OBE wants to see the the property industry and financial advice sectors...
Record fine handed to ‘lost at sea’ landlord after serious housing offence
A landlord who rents out homes in the South Gloucestershire and Bristol area has been ordered to pay over £44,000 after a court found him guilty of a serious housing offence and for contravening a Local Government Act. Mr Giuseppe Sutera, also...
Household Debt: Key Economic Indicators – House prices
The House of Commons Library has published its latest report on Key Economic Indicators on house prices. It can be seen here, and says: House prices, as measured by the UK House Price Index, increased by 3.5% between April 2022 and April 2023. On a...
Housing supply: indicators of new supply, England: January to March 2023
The Government has just published a report on new properties in the period January to March 2023 . It can be seen here, and says: 1. Key statistics 1.1 Building control figures (seasonally adjusted) According to building control figures, between 1...
the regulator of social housing sets out key damp and mould findings for social landlords
The regulator of social housing has published a report setting out how social landlords are approaching the tackling of damp and mould in their tenants’ homes. The report highlights the features of the strongest and weakest approaches, so that...
Large landlords to spend substantial sum to meet EPC standards
Professional landlords plan to spend big in order to meet incoming Energy Performance Certificate rules, Handelsbanken Professional Landlords Survey shows. Of investors with an average of 29 properties, one in five (19%) plan to invest£500,000 or...
Zoopla reports price cuts to achieve sales
More than four in 10 UK house sellers are having to shave more than 5% off the original asking price to achieve a sale, according to Zoopla, in signs that rising mortgage rates are dampening the market. The property website said this proportion,...
Councils need more funding to enforce no-fault evictions ban
Local authorities in England have raised concerns about the need for additional staff and funding to effectively enforce the proposed banning of Section 21 ‘no-fault’ evictions in the Renters Reform Bill. In an interview with the BBC Darren...
National Register For Rogue Tenants: A Mitigation Strategy Proposed By Property Lawyer
In a bid to shield landlords and agents from problematic tenants, a campaign urging the UK Government to establish a ‘Property Possession Order Register’ has been initiated. The objective of the proposed register is to reveal the history of tenants...
Mortgage news
The average price of two- and five-year fixed-rate mortgages in the UK has hit its highest level for seven months, putting further pressure on borrowers who are reaching the end of their deals. Data from the financial information firm Moneyfacts...
Rising cost of living in the UK
The House of Commons Library has published its latest report on Rising cost of living in the UK. It can be seen here, and says: The cost of living increased sharply across the UK during 2021 and 2022. The annual rate of inflation reached 11.1% in...
Private landlords urged to sign up to new scheme to reduce residential burglary
Private landlords and managing agents can benefit from a new scheme to help reduce the number of residential burglaries in their properties. Kensington and Chelsea is the first Council to offer the Enhanced Home Security scheme which provides...
Mother wins £2.5k from council over ‘living nightmare’ house mould
A mum-of-three has won £2,500 after she successfully sued her landlord, Eastbourne council, over the mould which plagued her home for three years. Sara-Jae Gumbley, 36, was forced to endure a “living nightmare” during which she would buy as many as...
Landlords’ profits fall below 4%
Buy-to-let profits have plunged to their lowest level since 2007 as interest rate rises pile pressure on landlords’ finances. Net profits for landlords with mortgages fell below 4pc in the first three months of 2023, according to new analysis from...
Airbnb tax probe: have you paid the correct tax on your holiday let?
A Chartered Accountant has published an article on taxation on holiday lets. It can be seen here, and says: Airbnb and holiday letting landlords who fail to pay the correct income tax will face scrutiny from HMRC and in certain cases could face...
Buy-to-Let – is it still a smart investment?
In a recent article, James Keable, Mortgage Services Director, Capital Private Finance posed the question - Buy-to-Let – is it still a smart investment? The article appeared on the Hamptons Blog, and can be seen here and gives Buy to Let a firm...
Average UK rents continue to rise
Data released this week from the Hamptons revealed the average rent on a newly let home in Great Britain was up 9.1% in May compared to the corresponding month last year. London saw the biggest annual hike, with rents rising by 13.1%, followed by...
Lawyer embarrassed at the current state of the court system
Gina Peters, head of the landlord and tenant department at Dutton Gregory, has advised clients through the Landlord and Tenant Act 1985, the Housing Act 1988 and 1996, and the Deregulation Act 2015 – and now the 2023 Renters Reform Bill. In a...
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LATEST NEWS
What is happening to rents?
Lettings agency Hamptons believe that rents have peaked. Their latest data reveals some interesting trends in the...
New licensing scheme proposes sliding scale depending on past performance
Barking and Dagenham council's proposal for a replacement Selective Licensing Scheme, along with a new Additional...
Will the budget focus on ISA changes and support for first-time buyers and retirement savings?
Hargreaves Lansdown are of the view that expectations regarding the upcoming Budget should particularly focus on ISA...
Agency believe rents have peaked
The latest data from lettings agency Hamptons reveals some interesting trends in the rental market across Britain:...
Gove’s Airbnb Crackdown – Criticism building
Letting Agent Today is reporting on the growing criticism of the proposal to restrict private homeowners using their...
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