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New Selective Licensing Consultation
The City of Westminster are holding a public consulation on whether to bring Selective Licensing. More details can be seen here, and we urge you to participate in the consulation. You can book your ticket here.
Autumn Budget 2024: where will you feel the pinch?
The Financial Times has presented its view on the budget. It can be seen here (subscription may be necessary) and says that recent UK Budget, presented by Chancellor Rachel Reeves, has introduced substantial tax increases aimed at addressing the...
Limited companies dominate buy-to-let purchases: Financial Times
The Financial Times has reported on the growing number of buy-to-let landlords who own through limited companies have been purchasing rental homes, challenging the picture of decline across the private rented sector. The article can be seen here...
The OBR’s damning Budget verdict gives the Tories ammunition for years
The Telegraph has published an article starting ' Seldom has a budget come apart so quickly' It can be seen here (subscription may be necessary), stating that Rachel Reeves' recent Budget has faced swift and severe criticism, particularly from the...
Prince William wants to end homelessness
Prince William’s latest initiative to end homelessness in the UK has captured attention for its ambitious goal. His plan involves using his influence to mobilize resources, change perceptions, and promote sustainable solutions to homelessness...
Prediction that number of landlords to fall by quarter
The recent Budget announcement by Chancellor Rachel Reeves has prompted concerns about the financial impact on landlords, especially regarding the steep increase in Stamp Duty. As of April next year, Stamp Duty for second-home purchases, often...
Industry reacts to the budget
The recent Budget announcement by Rachel Reeves, marking the first Labour Budget in 14 years and by the first female Chancellor, has stirred reactions across the property and mortgage sectors, especially among landlords. While Reeves avoided...
Most landlords are pessimistic
Despite strong fundamentals in the private rented sector (PRS), a mood of pessimism has set in among landlords, largely due to anticipated policies from the new Labour government, according to research from mortgage market specialist Pegasus...
Charity landlord puts entire STREET up for sale for £1.6m – and residents aren’t happy
The Mail online is reporting on the upcoming auction of Dock Road in Sharpness, Gloucestershire, which has left residents anxious about their future. This entire street of 24 properties, owned by the Canal and River Trust for 150 years, is now...
Stamp Duty Scandal: Government Hikes Tax on Small Landlords While Corporate Giants Get a Free Pass!
Writing in Property118, Mark Alexander asks why small landlords are being picked on, whilst large landlords escaped the recent tax rises. His article can be seen here and explains that the recent rise in Stamp Duty Land Tax (SDLT) surcharge to 5%...
Prince William’s Duchy rental homes are plagued with mould
An investigation by The Mirror and Channel 4 Dispatches has revealed that many rental properties owned by Prince William's Duchy of Cornwall are failing to meet minimum energy efficiency standards, which are legally required for rental homes. Of...
Chancellor Rachel Reeves is a landlord
The Mail online is reporting that Chancellor Rachel Reeves and her husband, Nicholas Joicey, are reportedly earning around £74,000 annually in rental income from two properties, even as recent budget measures introduced by Reeves have increased the...
Leasehold reform put on ice
The UK Government's progress on leasehold reform has slowed significantly despite earlier promises to expedite changes, leaving many leaseholders frustrated and facing continued challenges. Here's a breakdown of the current situation: Key...
UK property market getting mixed signals: HMRC data shows
The UK property market is experiencing mixed signals as annual property sales rise, but monthly activity is stagnating due to limited stock availability. According to recent data from HMRC, property transactions reached 91,820 in September, marking...
House price slows amid Budget uncertainty: Nationwide
Nationwide’s October house price index shows modest growth, with a 0.1% month-on-month increase and an annual rise of 2.4%, although this represents a slowdown from September’s 3.2%. The average property price is now £265,738. Experts warn that...
The Budget for Hard Working Landlords
Many landlords have been in Halloween mode since Labour swept into power on 4th July, hiding behind sofas, scared to look at the latest headlines forecasting what the Chancellor, Rachel Reeves, would brew up in the Treasury cauldron for her big day...
Controversial call to “embrace” Renters Rights Bill
Paul Offley, compliance officer at The Guild of Property Professionals, has controversially encouraged letting agents to view the controversial Renters Rights Bill as an opportunity rather than a threat. He emphasizes that the reform is necessary...
September Economic Trends in UK Borrowing and Deposits
The Bank of England's latest statistics on UK household and business borrowing and deposits reveal key economic trends influencing the country’s financial system. This summary presents the notable changes observed in September, providing insights...
Concern grows about the student market
The start of higher education is a critical time in a student’s life, with many leaving their parental home for the first time. Many students learn from a shared house how to live/negotiate. This could be lost if Purpose Build Accommodation (PBSA)...
Most landlords feel the new Labour government is anti-landlord – new report
Despite a backdrop of strong fundamentals in the private rented sector (PRS), including robust tenant demand, record-high rental yields, and high profitability, landlords are increasingly pessimistic about the future under the current government....
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LATEST NEWS
The Importance of Material Information When Advertising a Property to Let
Writing in Property118, Julie Ford has reminded landlords about the importance of getting adverts correct. The...
Shawbrook Bank Expands Lending Products for Landlords and Commercial Properties
Key Developments: MUFBs for First-Time Landlords: Expansion: Shawbrook Bank now allows first-time landlords to acquire...
Labour wants to ban tenant bidding wars – it’s easier said than done though
The Conversation has published a piece outlining why they believe Labour will struggle to implement their policy of...
Kier Starmer on landlords
Kier Starmer had a heated interview with Nick Campbell on BBC Radio Live. You can listen to the exchange by...
Nationwide Property Index for June released
The Nationwide House Price Index released this morning has revealed that house prices grew by 0.2% month on month in...
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