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Stamp Duty Land Tax: Current situation and developments since 2020
The House of Commons Library has released a report on the situation with stamp duty (SDLT). It can be seen here, and outlines the history of SDLT.
Government releases data on affordable housing supply
The Government have provided a detailed overview of affordable housing supply statistics in England, emphasizing the roles of different organizations and the nature of the data collected. It can be seen here, and a breakdown of the key...
HMRC pays nearly 1m in Tax Tip-off Payments
HMRC has significantly increased its payouts to individuals providing tip-offs about tax fraud, reaching nearly £1 million in 2023/24—92% higher than the £508,500 paid in the previous year. This marks the highest total in at least seven years, as...
Housing Market: Key Economic Indicators
The House of Commons Library has released its detailed overview of recent trends in the UK housing market, including house prices, mortgage approvals, and housing starts and completions. It can be seen here, and here’s a concise summary: House...
ONS Private Rent and House Prices data
The ONS has just published its latest Private Rent and House Price data which can be seen here. Main Points: Private Rent Trends: UK Rent Increase: Average UK private rents rose by 8.7% in the 12 months to October 2024, up from 8.4% in September...
“don’t move, improve,” no longer true – claim
Paul Hilton, the chief executive of the Scottish property portal ESPC, has challenged the traditional advice to “don’t move, improve,” asserting that rising costs and the effects of Brexit have made renovation projects far less cost-effective than...
Consultation on the 1954 Landlord and Tenant Act,
The Law Commission has officially launched a consultation on the 1954 Landlord and Tenant Act, focusing on potential reforms to security of tenure provisions. Here are the key details: Purpose of the Consultation To evaluate the effectiveness of...
EPC improvements push up rents
A recent survey by Foundation Home Loans sheds light on how UK landlords are preparing to address the government’s proposed Energy Performance Certificate (EPC) ‘C’ standard, which aims to improve energy efficiency in rented properties by 2030....
Don’t miss the stamp duty deadline
The announcement of an unexpected stamp duty hike in the UK Budget has sparked concern among property investors, particularly those considering buy-to-let and holiday let purchases. Here's what investors need to know: Key Changes to Stamp Duty:...
The biggest rogue landlord in licensing areas are frequently the council!
An investigation by The Daily Telegraph has revealed a significant discrepancy in how local councils are handling housing conditions within their own properties. Despite implementing strict regulations and licensing schemes targeting private...
Social tenant spends over £20k of her own money, and the property is still dangerous
Caroline Fleming, a 60-year-old woman from Elmers End, Bromley, is facing a distressing situation after investing over £20,000 refurbishing her housing association flat. She has spent 15 years improving her home, including replacing the kitchen...
Two-thirds of landlords don’t meet proposed EPC ‘C’ targets
A recent Q3 research report from Foundation Home Loans reveals that 67% of landlords currently own at least one property that does not meet the government's proposed energy performance certificate (EPC) 'C' target, which is set to apply to both...
RICS House Prices
UK house prices continued their upward trajectory in October, aided by lower borrowing costs. The Royal Institution of Chartered Surveyors noted a rise in its house price net balance to 16, up from 11 in September, with sales volumes also...
Propertymark tells you about tax changes
The recent tax and spending adjustments announced by the Chancellor will significantly influence homeowners, investors, and businesses in the UK. Here's an overview of key changes and their potential implications, as outlined by Propertymark: Stamp...
We don’t need more legislation – use what is there.
We do not need redefining, additional legislation or charters. The core legislation is in place. What we need are 1. The promised updates of supporting standards, such as MEES/EPC, Decent Homes Standard and HHSRS - all of which have reviews which...
Desperate shortage of bailiffs badly affecting evictions
A shortage of County Court bailiffs is creating severe delays in the eviction process, particularly in heavily burdened areas like London. According to Landlord Action, landlords are waiting up to 18 months for bailiff appointments, forcing many to...
One Agency claims there is no mass exodus of landlords
Lomond Group's claims that a mass exodus of landlords from the private rental sector may be overstated. Its examination of properties listed for sale with tenants in situ shows only a small decline following the recent Budget, challenging the...
Government warned they won’t build enough new homes
The Office for Budget Responsibility (OBR) forecast that Labour will fall short of its manifesto pledge to build 1.5 million new homes in England by the end of this Parliament underscores the persistent challenges in meeting housing supply targets....
Knight Frank view of bad budget
Knight Frank’s analysis of the aftermath of the October 30 Budget offers a sobering view of its impact on the UK financial and housing markets. It highlights growing instability in the mortgage and property sectors, while also pointing to...
Law Society demand action on courts
The Law Society of England and Wales has issued a stark warning about the state of the justice system as it relates to housing, citing a sharp rise in renters at risk of homelessness and significant delays in eviction processes due to a shortage of...
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LATEST NEWS
Equity Markets React to Labour’s Landslide Victory
Following Labour’s significant electoral win, housebuilder stocks experienced notable gains. Key players in the...
Halifax House Price Index for June 2024
The Halifax House Price Index for June 2024 can be seen here, and the key statistics are: Average House Price:...
The outcome of the General Election
Whilst Labour won a large majority of 64% of the seats, they achieved it with just 34% of the people who voted...
New Housing Secretary appointed
Following the General Election, Angela Rayner has been appointed Levelling Up Secretary with responsibility for...
Bank of England Monthly Statistics: May Overview
The Bank of England’s monthly statistics for May provide detailed insights into the trends and developments in...
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