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Rightmove data shows prices ease
Data released earlier by Rightmove showed that house prices eased in November as uncertainty around the Budget weighed on demand. According to the latest house price index, average new selling asking prices fell by 1.4% month-on-month in November,...
Internal emails reveal MHCLG ‘taken aback’ and Homes England ‘unimpressed’ by critical shared ownership inquiry report
Inside Housing is reporting on the response that emerged after a Freedom of Information (FOI) request, shared with Inside Housing, was made to the Greater London Authority (GLA). The FOI asked the GLA for “discussions, emails or read-outs of...
Commercial landlords being warned about difficulty of evictions
Commercial property landlords are being cautioned about the complexities of reclaiming possession from tenants, particularly as the Landlord and Tenant Act 1954 continues to govern commercial leases, now marking its 70th anniversary. The Act,...
Increase in Landlord mortgage possessions
The latest government data on landlord possession actions highlights notable trends and regional variations in housing and rental market pressures. Here's an overview of the key findings and their implications: Key Figures (Q3 2024 vs. Q3 2023)...
How the Employment Rights Bill might affect you
The Employment Rights Bill aims to overhaul employment legislation in the UK, with significant implications for letting agents and businesses. Here’s a summary of the key changes and their potential impacts as highlighted by Propertymark: Key...
Sell or stay?
Savills Warns Landlords Face Tough Decisions Ahead: Sell or Stay? Property consultancy Savills is urging landlords to prepare for a critical decision: whether to sell or stay in the market. The consultancy highlights upcoming changes to Minimum...
Landlord fined over quarter million pounds for illegal conversion
A landlord who illegally converted a property into five flats has been ordered to pay £282,000 for breaching planning consent and other planning policies. Krzysztof Pogwizd, 50, from Rickmansworth, was fined and ordered to pay a confiscation order...
Councils want landlords to pay for rental enforcement regimes
The Chartered Institute of Environmental Health (CIEH) has raised concerns about the significant enforcement burden that will be placed on council officers under the proposed Renters Rights Bill. In written evidence submitted to the House of...
The Rise of Corporate Landlords: Are We Heading Toward a Rent Monopoly?
Writing in Property118, Mark Alexander asks the question - The Rise of Corporate Landlords: Are We Heading Toward a Rent Monopoly? The original article can be seen here, stating that the rise of corporate landlords in the UK’s private rental sector...
Halifax House Prices at record high
UK house prices edged up to a record high in October, data published by Halifax showed Thursday. The average house price rose by 0.2% monthly to GBP293,999 in October. It was up 3.9% from a year ago when it stood at GBP283,053, however the growth...
Autumn budget: Labour’s failure to raise housing benefit to keep up with rents is ‘deeply worrying’ says Big Issue
The Big Issue has published an article criticising the decision to freeze the LHA rates. The original article can be seen here, and discusses the recent decision by Chancellor Rachel Reeves to maintain the freeze on Local Housing Allowance (LHA) in...
Local Housing Allowance Freeze: Rising Rents and Decreased Affordability Deepen the Housing Crisis
Writing in Property118, Julie Ford comments on the recent decision to re-freeze Local Housing Allowance (LHA) rates which she claims is an alarming development for low-income renters in the UK, especially given the ongoing rise in rental prices and...
Nick Bano’s Misguided Call to Abolish Private Landlords: Why His Proposal Would Devastate the UK Housing Market
Writing in Property118, Mark Alexander is critical of Nick Bano’s recent article in The Guardian, “The End of Landlords,” which proposes the radical idea of driving private landlords out of the UK housing market to solve the housing crisis. The...
Third of homes for sale on Zoopla are currently chain-free
The proportion of chain-free homes for sale on Zoopla has surged recently, with a notable one-third of homes now being advertised as chain-free, reflecting a larger trend driven by both landlords and second homeowners looking to sell up ahead of...
Will landlords rush to sell before April?
The recent changes to Stamp Duty Land Tax (SDLT) outlined in the UK Budget have caused a stir among landlords, particularly those with buy-to-let portfolios, as they prepare for the higher tax liability that will take effect in April 2025. The move...
What estate agents need to know about the Renters Rights’ Bill
Propertymark has advised its members about the Renters Rights Bill. The original article can be seen here, and says that with the Renters’ Rights Bill advancing through Parliament, the rules surrounding the sale of rental properties with sitting...
Rising level of rent arrears in the UK
The rising level of rent arrears in the UK, as reported by Reposit for Q3 2024, is a growing concern for landlords, particularly as average arrears claims hit £2,064 — a significant 22% increase year-on-year. This amount far exceeds the average...
Will the Rights Bills push landlords into holiday lets?
The ongoing debate around the Renters’ Rights Bill has intensified as MPs and stakeholders voice concerns about its potential impact on the private rented sector. While the bill aims to improve conditions for tenants and provide greater security,...
Prime Minister and his Chancellor are both landlords
The recent revelations about the Prime Minister and other Labour Party figures being landlords have sparked significant controversy, especially given Labour's position on housing and renters' rights. Sir Keir Starmer's rental income from his North...
Landlords told to pay thousands for HMO offences
The BBC is reporting on three landlords who have been fined for a string of failings. The article can be read here, and highlights three landlords who have been heavily fined after being convicted for operating unsafe and unlicensed Houses in...
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LATEST NEWS
Labour’s Potential Housing Policy Announcements
If Labour wins the upcoming General Election, there are anticipated to be three major housing policy announcements...
Lettings Agency Concerns Over Labour’s Renters Reform Bill Plans
A lettings agency, Leaders Romans Group (LRG), which broadly supports the Renters Reform Bill, has expressed concerns...
Lloyds Banking Group CEO’s Warning on Interest Rates
Charlie Nunn, the CEO of Lloyds Banking Group, has provided a cautionary outlook on interest rates, suggesting that...
Labour Party’s Plans for Stamp Duty Exemption for First-Time Buyers
The Labour Party has announced that it will reduce the Stamp Duty exemption threshold for first-time buyers from...
UK planning laws deter investment
Planning System Challenges Affecting UK Investment in Life Sciences In an interview with the BBC, Dave Ricks, CEO of...
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