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Supported Housing Improvement Programme launched
On 2 July 2022 the DLUHC launched the Supported Housing Improvement Programme which the government says will help councils in worst-affected areas tackle bad quality and poor value for money in supported housing. The Department says that there are...
Select Committee inquiry into exempt accommodation
On 4 July 2022 the Commons Levelling Up, Housing and Communities (LUHC) Committee concluded the public evidence sessions for its inquiry into exempt accommodation. The LUHC Committee heard from Eddie Hughes, Parliamentary Under Secretary of State...
Building Safety (Leaseholder Protections) (England) Regulations 2022
These Regulations, which come into force on 20 July 2022, support the leaseholder protection provisions in sections 116 to 125 of, and Schedule 8 to, the Building Safety Act 2022 (the Act). Those sections make provision in relation to remediation...
More landlords plan to purchase buy-to-lets through limited companies
Mortgage Introducer have published the findings of a survey by Paragon Bank. It can be seen here, and says: The proportion of landlords who plan to purchase their next buy-to-let property through a limited company has hit its highest level for...
More than half of landlords unable to recoup pet damage costs: Propertymark
Pet damage poses more of a risk than the damage inflicted by adult tenants, with 85.3% of landlords and agents saying they have experienced pet-related damage, according to the latest data from Propertymark. The survey was undertaken by...
Housing Ombudsman makes 1,250 remedies during final quarter of financial year
On 28 June 2022 the Housing Ombudsman published its latest Insight report covering January to March 2022. It shows an increase in cases coming into its formal remit for investigation. The Ombudsman received 1,013 cases for investigation and made...
These REITS are Picking up the Slack
While traditional buy to let landlords are selling down their portfolios, companies such as this are raising funds from institutional investors to buy houses to rent to charities, etc on 25 full repairing leases. Home REIT PLC - London-based...
Capital appreciation is starting to slow
Landlords are still enjoying substantial capital appreciation - but the latest Zoopla house price index reveals the lowest rate of monthly price growth since December 2019. The property market in the South West remains the most buoyant with the...
Report claims landlords cannot recover pet damage costs
Landlords typically spend hundreds of pounds repairing properties damaged by pets, but unable to recoup their costs.That’s the claim from industry supplier The Lettings Hub which says more than three in four landlords reported damage by pets but...
Where are the best landlords?
Analysis of landlord-related tweets in 60 UK cities found only 3.3% of those from Worcester included a complaint. Only Colchester with a score of 3.2% had fewer Twitter complaints. HouseholdQuotes, which carried out the research, said Worcester’s...
Landlords warn ‘wave’ of evictions to come before rental reforms hit
The Telegraph have run an article on the potential for increased evictions before the intended abolition of the Section 21. It can be seen here (subscription might be required) and predicts ‘a wave of nearly 300,000 evictions before new rules are...
What the energy efficiency drive means for UK property rentals
The Financial Times have run an article this weekend entitled ‘What the energy efficiency drive means for UK property rentals’ It can be seen here (subscription might be required) and discusses the problem of landlords who’s properties don’t meet...
Crackdown set for holiday lets in England
The boom in short-term lettings has created 'opportunities and challenges' for holidaymakers and communities Landlords with short-term or holiday lets, and anyone renting out a room through sites such as Airbnb may be required to register for a...
Landlord fined £20,000 for renting flats in unsafe house
A landlord who let out flats in an unsafe house which had no power or hot water has been fined £20,000. Demetirous Georgiou, 64, failed to complete fire safety and gas and electrics works ordered on the Salford property in 2016. The council said...
Government launches review into short-term tourist accommodation
On 29 June 2022 the government launched a review into the effect of short-term holiday lets with the aim of improving the holiday letting market for those living in popular tourism destinations. The scheme, proposed in the review, could involve...
Building Safety Act comes into force
On 28 June 2022 the Building Safety Act 2022 came into force. The DLUHC announced that 45 of the UK’s biggest homebuilders have agreed “to fix life-critical fire-safety defects on all buildings at least 11 metres high that they have played a role...
Household Debt: Key Economic Indicators
The House of Commons have released a report on the key economic indicators for houehold debt. It can be seen here, and says: Household debt as a % of disposable income Household debt peaked in Q2 2008 at 151.5% of household disposable income. It...
Coventry Building Society Confirms Landlords are Selling Up
This morning (Friday, 1 July 2022) on BBC's Today program (06:16), Steve Hughs, Chief Executive of the Coventry Building Society, confirmed that their buy to let business are seeing a net exodus of landlords, as they sell up, quoting changes in tax...
House Prices
UK house prices set another record high in June, according to figures from mortgage lender Nationwide on Thursday (30/6/22), although growth slowed amid tentative signs of a slowdown in the housing market. On an annual basis, the Nationwide house...
The pros and cons of being a commercial landlord
Property Reporter have run an article on ‘The pros and cons of being a commercial landlord’ It can be seen here, and says: The latest research by Revolution Brokers has revealed that commercial property landlords are currently averaging yields...
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LATEST NEWS
Haringey trying to bring empty property into use
Haringey Council has voted to charge 200% Council Tax on properties that have been empty for 12 months, reduced from...
PRS REIT reports rents remain strong
In their update for the quarter to 31 December 2023, PRS REIT plc, an investment trust that invests in high-quality,...
Mortgages for Business rebrands
Mortgages for Business is rebranding. The buy-to-let intermediary, which was founded in 1990, will now be known as...
Wage growth slows again, and there’s a growing divide
The Office for National Statistics (ONS) has released employment and wage data for the year to September-November....
Local plans deemed ineffective
Research by planning and development consultancy Lichfields reveals that the current requirement to review local plans...
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