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Minister confirms Section 21 will go
At a debate in the House of Parliament recently on the Government’s white paper ‘A Fairer Private Rented Sector’ the Parliamentary Under Secretary of State, Felicity Buchan confirmed several times that the Government were committed to the removal...
The Seventh Base Rate Rise This Year
The Bank of England has raised interest rates by 0.75percentage points to 3% - the biggest hike since 1989 See the comment on this from our colleagues at Mortgage for Business.
Landlords prepare to be buy-to-let losers
Estate Agent Today has published an article by the MD of the Open Property Group on the potential finacial future of landlords. It can be seen here, and says: Mortgage rate hikes have already halved landlord profits according to latest research,...
Uncertainty around new legislation causing landlords to leave.
The time being taken to review legislation which could overhaul the private rented sector is creating anxiety and uncertainty among landlords and further triggering some to leave the market, an expert at a leading property consultancy has warned....
Warning of fewer rental properties as landlords squeezed
The BBC have run a piece on the danger to tenants with higher mortgae rates forcing out landlords. It can be seen here, and says: Renters could find it more difficult to find properties in the next year or two as landlords struggle with...
Only 10% of rental property is affordable on LHA
A recent study by Crisis and Zoopla established that just 11% of one-bedroom properties in England are now affordable to renters on Local Housing Allowance – that’s down from 17% in April. They also established that the proportion of affordable...
NATIONWIDE HOUSE PRICE INDEX
UK Nationwide house prices fell by 0.9% in October month-on-month versus zero growth for September. House prices grew by 7.2% year-on-year falling short of analysts’ expectations and dropping from the prior month’s reading of 9.5%. This is a...
Individual HMO Room Council Tax Banding – possible good news
Traditionally, Houses in Multiple Occupation (HMO’s) have been assessed as one unit for Council Tax purposes, with the landlord responsible for the payment, which was then recovered from the tenants in a fair and proportionate system. Over the past...
Strong Demand at Student Accommodation Provider Emperic
Student accommodation operator Empiric Student Property said it is trading well, with "record high" revenue occupancy of 98% achieved for the academic year 2022-23, which exceeded guidance of 90% to 95% provided back in August. Growth in...
Benefits claimant thought he’d be ‘better off in jail’ amid wait for DWP support
The 63-year-old former teacher is being taken to court due to his failure to pay rent but says he can't afford it without the benefits he is entitled to A cash-strapped man says he has been waiting for months to receive state benefits he claims he...
Landlords view to be heard at influential policy forum
Propertymark’s head of policy and campaigns, Timothy Douglas, will explain how investment in the private rented sector can be better incentivised when he speaks at the Westminster Social Policy Forum this week.The forum will bring together MPs and...
There Won’t Be a House Price Crash… Yet!
Invest in Property Assets have published a post claiming 'There Won't Be a House Price Crash... Yet!' It can be seen here
PRS under threat – now from short term lets
A report from Propertymark highlights that the recent pandemic helped to fuel the rise in short let properties because many people decided to holiday in the UK rather than risk travel abroad. However, the report, ‘The impact of short-term/holiday...
Landlord fined after tribunal appeal
A landlord in Cromer has been issued with a £16,000 penalty, after the Residential Property Tribunal dismissed an appeal and upheld a financial penalty notice. The Council issued the landlord with an Improvement Notice, which escalated to a...
Exempt housing and support services are a ‘complete mess’, says Committee
This week providers of "exempt" housing were slammed by the cross party DLUHC Committee, saying "The current system of exempt accommodation, a type of supported housing that is used to house a range of people with support needs, is a ‘complete...
Shop Vacancy Rates begin to Fall
The number of empty shops in the UK has continued to fall but remains higher than pre-pandemic levels amid fears that falling consumer confidence will test the fragile recovery. The overall vacancy rate across Britain fell to 14% in the third...
New PRS advisory board
A landlord representative is to be a member of a new advisory panel which has been set up by the Property Redress Service.The PRS is one of two government-backed redress schemes for agents (the other is The Property Ombudsman) and there is a...
Homelessness financial support
On 20 October 2022 32 homelessness organisations from across England, coordinated by Homeless Link, wrote to the Chancellor Jeremy Hunt. The letter calls on the Chancellor to implement a rise, in line with inflation, for homelessness financial...
Key risks facing social housing sector in 2022 and beyond
The Regulator of Social Housing has published a sector risk profile setting out the main risks facing the social housing sector and some of the actions registered providers should be taking to manage those risks. The report shows that providers...
Rehousing homeless people – England
The Guardian has reported the result of a Freedom of Information request which revealed that more than 6,000 households were moved more than 20 miles from their local neighbourhood in out-of-area placements by 53 councils in the last four years....
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LATEST NEWS
When is an HMO not an HMO?
This case involves an appeal from a rent repayment order made by the First-tier Tribunal (FTT) concerning the...
British homes for British workers
The UK government is reportedly considering a controversial scheme named “British homes for British workers,” aiming...
Government approves above-inflation council tax rises
The Guardian has reported that the government has approved for above-inflation council tax rises, which is expected to...
Joseph Rowntree Foundation report underlines the level of poverty
The Joseph Rowntree Foundation has published its annual UK Poverty report which outlines a concerning situation of...
Council tax to double for empty homes and second homes
Brighton and Hove City Council has decided to double council tax for second homes and empty properties starting from...
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