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One month left for Newham landlords to save £350 on property licenses
Newham Council are reminding landlords that the window of opportunity to get the Early Bird Discount on the new Selective Licensing Scheme is about to come to an end. The announcement can be seen here, and says: Early-bird discount available until...
Landlords ‘at risk of going out of business’
The impact of regulatory and tax changes on landlords’ business models combined with sharp rises in buy-to-let mortgage rates risk putting more private landlords out of business, a hard-hitting report from the Intermediary Mortgage Lenders...
Downing Street urges banks to help distressed landlords and tenants.
Downing Street has called upon banks to safeguard homeowners currently wrestling with escalating mortgage costs as interest rates continue to rise, destabilising the borrowing market. This initiative has been triggered as borrowers receive warnings...
Charity claims sales ground in Section 8 is the same as a Section 21
Landlords will continue with ‘no fault’ evictions even after Section 21 evictions are banned if renters’ rights are not strengthened, charity warns. Citizens Advice helped almost 2,000 people with Section 21 issues in May, the most in a single...
‘Very real risk’ landlords could flee buy-to-let sector as profits nosedive
Property Industry Eye is reporting on research by Savills’ the suggests 'that buy-to-let profits have plunged to their lowest level since 2007, and their is a “very real risk” that landlords will leave the PRS in their droves as a consequence.' The...
Affordable housing for private renters
Shelter has revealed that the freeze in Local Housing Allowance (LHA) since 2020 has left “a vanishingly small number of private rentals that are actually covered by LHA rates – and therefore affordable for the 1.8 million renters and their...
Affordable rental prices – UK
The Guardian published an interactive map showing which areas are affordable to rent privately based on an individual, couple or family salary and an assumed deposit. For the map, click here.
Tackling the under-supply of housing in England
The House of Commons Library has published a paper covering trends in housing supply and barriers and potential solutions to delivering more homes in England. For the paper, click here. Which in summary is: Government ambitions for new housing...
Leasehold dwellings: 2021 to 2022
DLUHC has published statistics which provide an estimate of the number of leasehold dwellings in England, by tenure, dwelling type and region, and the proportion of the overall number of dwellings in England that are leasehold. They show: In...
Housing cases in the courts: January to March 2023
The Ministry of Justice has published statistics for the volume of civil and judicial review cases dealt with by the courts between 1 January to 31 March 2023. The overall trend in mortgage and landlord possession claims has been decreasing since a...
Dwelling Stock Estimates, England: 31 March 2022
On 23 May 2023 the DLUHC published estimates of the number of dwellings in England on 31 March 2022. According to the estimate: There were 25.2 million dwellings as of 31 March 2022, an increase of 232,820 dwellings or 0.93 per cent on the previous...
Rent Standard and guidance
The Regulator of Social Housing has published an updated Rent Standard which registered providers of social housing must comply with, together with guidance on how to apply for an exemption to the Standard. For the documents, click here.
Private housing rental prices: April 2023
On 24 May 2023 the Office for National Statistics published a price index tracking the prices paid for renting property from private landlords in the UK during April 2023. It found: Private rental prices paid by tenants in the UK rose by 4.8 per...
Sign the petition to save the AST
On of the biggest concerns in the Renters Reform Bill is the proposal to stop Fixed Term tenancies, and for all tenancies to be periodic only - i.e. the Assured Shorthold Tenancy (AST) would become an Assured Tenancy. In Scotland, where they have...
Huge jump in mortgage bills
London homeowners will see their annual bill jump by up to £7,300 when they remortgage this year as 3.5 million borrowers face a rate shock. Nationally, homeowners will have to spend nearly an extra £9bn in interest over 2023 and 2024 as they are...
Renters Reform Bill: Labours view
Entitled 'Renters Reform Bill: finally, but there’s still more to do' The Labour Hub has published a blog giving the Bill a luke-warm welcome, but complaining 'It is worth pointing out that abolishing Section 21 would not, as it is widely being...
RICS – UK house market rebounds
A fresh survey from the Royal Institution of Chartered Surveyors (RICS) showed the UK housing market rebounding in demand and finalised sales in May. The index monitoring new buyer interest, while remaining below zero at -18, showed a notable...
Police issue warning signs of cannabis farms for landlords
Police in North Yorkshire are warning landlords of the rise of cannabis farms and have put together a list of signs to watch out for. This comes as a rise in cannabis farms have been reported across the county, and police are worried about risks,...
An increasing number of County Court bailiff evictions are being put on hold
Landlord Action, the eviction and housing law specialists, says the UK court system is on the brink of a severe bailiff crisis, as an increasing number of County Court bailiff evictions are being put on hold or cancelled, leaving landlords facing...
BBC report: More pain for renters as landlords look to sell up
The BBC has just reported that Rising interest rates are putting pressure on landlords, pushing some to consider selling up, It can be seen here, and says: Rising interest rates are putting pressure on landlords, pushing some to consider selling...
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LATEST NEWS
Man who forecast last two property slumps says house prices will jump 20% before falling in 2026
This is Money has reported on the views of Fred Harrison, a British author and economic commentator famous for his...
UK updates guidelines for Right to Work digital identity checks
The UK government has issued updated guidelines for employers regarding Right to Work digital identity checks,...
Senior Tory has backed amendments to the Renters Reform Bill
Jacob Rees-Mogg, a prominent political figure, appearing on CNN, has voiced his strong opposition to the Renters...
Property auctions busier than normal
It's clear from the recent trends that January auctions have experienced a significant surge in activity, marking it...
Will rents keep rising?
Courtesy Allison Thompson, National Lettings Managing Director, Leaders Romans Group Typically, rents rise in line...
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