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Who will be the next Housing Secretary?
Who knows? According to the Times it will be Jacob Rees-Mogg, but according to the Telegraph it will Edward Argar, with Jacob Rees-Mogg becoming chief Secretary to the Treasury. Either way, neither have much experience in this role – not that has...
Difficult time for Landlords ahead – warning
The weekend Financial Times has run a two-page spread entitled ‘Landlords face fresh dilemmas amid the economic storm’ It can be seen here (subscription might be required) and gives examples of ‘several landlords’ planning to sell some, or all...
Will there be a renting apocalypse?
The Sunday Times has run an article on the newfound desirability of ‘Bills Included’ adverts. Entitled ‘Here comes the renting apocalypse’ it can be seen here (subscription might be necessary) and states that ‘‘Bills included’ is now the most...
Agent jailed for conning landlords
A former lettings agent has been jailed for almost three years after admitting conning landlords out of over £80,000.The sentence for Frank Smart - owner of Smart Residential Letting Agents in Newmarket - came after a four year probe by Suffolk...
The real reason why Britain has a broken housing market
Tessa Shepperson has published an excellent blog on her reasoning why the housing market is failing. It can be seen here, and (in summary) states that we have a perfect storm of: The loss of social housing Private sector landlords can sell up, and...
Quarter of landlords ready to sell if Section 21 goes
The Nationwide’s buy-to-let arm The Mortgage Works (TMW) have conducted a poll of more than 700 landlords to ascertain their reaction to the White Paper, ‘Fairer Private Rented Sector’ Many landlords are concerned they could be left vulnerable to...
Leasehold and commonhold reform
The House of Commons Library has issued a bew report on leasehold and commonhold reform. The report can be seen here, and in summary (from press release): Leasehold tenure has grown The Department for Levelling Up, Housing and Communities (DLUHC)...
Under-30s tenants and rent
The Guardian reported research by Dataloft showing that four in 10 renters under 30 are subject to tenancy agreements for which the rent exceeds 30 per cent of their pay. Although London has the highest rent levels in Great Britain, in places such...
England’s housing plans would consume entire cumulative carbon budget: report
The Ecological Economics has published a report which finds that the government’s plan to meet England’s housing affordability crisis by building 300,000 new homes per year will consume England’s whole cumulative carbon budget [1.5°C] by 2050. The...
Right wing magazine criticises “profiteering” landlords
A senior figure at the right wing magazine The Spectator has slammed landlords for blatant profiteering.The article can be seen here was written by the magazine’s assistant online editor says her own rent has been hiked by nearly 30 per cent,...
Property tax revenue continues to rise
Latest figures released by HM Revenue & Customs show yet another large increase in the amount of taxation received by the Treasury from landlords and other property owners. Stamp duty continues to soar, reaching £7 billion between April and...
Large fine for HMO landlord
A landlord has been hit with a £23,000 fine for failing to properly maintain two HMOs.Landlord Lystra Dorval from Ilford was issued with not fewer than 10 penalty notices in relation to poor management of the HMOs in Essex. Officers at Tendring...
One-fifth of property sellers miss CGT payment deadline
One-fifth of buy-to-let investors and second homeowners who incurred capital gains tax from property sales in the last tax year failed to pay their tax bill on time, despite an extension to the reporting deadline. New rules were introduced in April...
Heatwave leads to surge in housing subsidence claims across southern England
Both the FT and the Mail online are reporting on the problems the heatwave has caused with subsidence claims. It is thought that demand may outstrip 2018, when payments cost £145 million with some experts expect the rise in claims to peak at 400%...
Landlord’s plea for help to stop family going homeless
An Ipswich landlord has hit out at “ridiculous” housing red tape as he tries to sell a property without making his tenants homeless. Andrew Russell, 61, from Norfolk, is selling his tenanted property in Ipswich but is trying to make sure his...
Priced out: The least affordable places in the UK to buy a house
The worst places for buyers to get on to the property market have been revealed in a new study. Research on house prices and household incomes show that Walton-on-Thames in Surrey, near London, is the worst place for buyers to get on the property...
Rent loophole in new debt plans
New Statutory Debt Repayment Plans (SDRP) must include protections for letting agents and their landlords so they are not exploited by tenants in rent arrears, according to Propertymark. The UK government has been consulting on the introduction of...
Large landlord fined and banned
A Bristol landlord has been banned from letting properties due to the poor conditions her tenants were living in. The case taken by Bristol City Council’s Private Housing Team found the rogue landlord was repeatedly failing to meet required health...
Britain’s 54 poshest villages revealed
New research by Savills, for The Telegraph, has uncovered the UK's poshest villages, taking into consideration factors like the highest house prices, best lifestyle amenities, how connected they are via transport links, and of course, their...
Taxpayers to fund training for tenants in how to complain
In an unexpected statement from the government it’s been announced that social housing residents will be able to get training and support “to speak up and raise issues with their landlord.”A £500,000 grant to provide training, boost confidence and...
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LATEST NEWS
How to add value to your luxury property
Arbuthnot Latham have put together their advice for luxury property owners, offering you a set of expert financial...
Financial strain and abolition of Section 21 are driving landlords out of the PRS
In an interview with Property118, Gina Peters, the head of landlord and tenant at law firm Dutton Gregory, says many...
Average rental yields jump to almost 7% in England and Wales
Eleanor Harvey has published an article in the BuyAssociation starting 'Three areas in particular have seen rental...
MPs urge tighter housing condition controls
MPs on the all-party Health and Social Care Committee are urging the government to take urgent action to protect...
House prices up
The average homeowner in England and Wales who sold up last year made around GBP100,000 more than the amount they had...
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