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Social rents to rise by more than inflation
Chancellor Rachel Reeves is to announce raising social housing rents by inflation plus 1% for five to ten years aims to secure predictable, long-term funding for local councils, but it presents both opportunities and challenges. This change, based...
The hidden costs of being a landlord
Writing in Property118, Mark Alexander comments how stealth taxes are becoming an increasing burden for UK landlords, impacting profitability and ultimately influencing the broader rental market. While high-profile taxes such as Capital Gains and...
New report reveals an uncertain future for the UK rental market
Simply Business has released a new report that captures a growing sentiment of uncertainty among UK landlords, highlighting their struggles with rising costs, complex regulations, and new legislative changes. Among the 2,000 landlords surveyed, 71%...
Will we get a two tier PRS?
Paragon Bank have recently released new report, The factors driving the buy-to-let market in northern England, which showed that in 2014, 46% of buy-to-let mortgaged house purchases were in London and South East. Last year, that fell to 32%. The...
UK sales market at highest point since 2020 – Zoopla report
Zoopla's latest House Price Index for October indicates that the UK housing market is experiencing its strongest sales activity since the pandemic boom in 2020. Key findings from the report include: Sales Pipeline and Value: The pipeline of sales...
Left wing paper wants the housing market to crash
In a recent article, The New Statesman advocates for a bold housing policy in Rachel Reeves' upcoming Budget, urging the government to introduce a proportional property tax of 0.48% on the updated value of homes. This would replace council tax and...
Foxtons Q3 Update
In Q3 2024, Foxtons reported solid performance across its divisions, with total revenues up 8% to £47.4m, and year-to-date (YTD) revenue increasing by 10% to £125.9m. CEO Guy Gittins attributed this growth to market share gains, operational...
New report on ongoing housing crisis published
The Radix Big Tent Housing Commission report, supported by Shoosmiths' experts, lays out key recommendations aimed at tackling England's ongoing housing crisis, with a target to build 1,000 homes daily, adding up to 1.5 million homes by the next...
iHowz evidence on the Renters Rights Bill
The Renters Rights Bill is now (Oct 2024) making its way through parliament.
iHowz are representing your views throughout the process.
iHowz submit paper to the Renters Rights Bill select committee
In response to a request, we have made a submission on our views, and requested changes to the Renters Rights Bill The submission can be seen here.
Landlords Letter to Rachael Reeves
Private sector landlords have called on Rachel Reeves to give them new tax breaks to help keep rents down and boost the supply of homes. In a letter to the chancellor ahead of the budget, representative bodies said their members are facing...
Landlords face substantial financial challenges for EPC changes
Landlords in England are grappling with substantial financial challenges as they work to upgrade their properties to meet new energy efficiency standards, specifically reaching an EPC rating of C or higher by 2030. The average cost to enhance a...
More landlords set up buy-to-let companies
Landlords are increasingly setting up buy-to-let companies to benefit from more favorable tax treatment, according to research by Hamptons. The move allows investors to make their rental property businesses more profitable by avoiding Capital Gains...
Landlords generally fix damage caused by tenants
A recent survey by Property Inventory Base reveals that landlords are often left to cover property damage costs, even when tenants are at fault. According to the research, a lack of proper inventory processes means only 10% of tenants are being...
New report concerned about the rental housing supply crisis
Landlords are expressing support for a new report from the Radix Big Tent Housing Commission, which emphasizes the urgent need to address the rental housing supply crisis. The report highlights that both institutional and private landlords play a...
Concerns about rent rise challenges
Steve Richmond, General Manager of proptech company Reapit, has raised concerns that the Renters’ Rights Bill (RRB), expected to become law in spring 2024, will lead to a significant surge in rent rise challenges, straining an already overwhelmed...
Council buys neglected house from landlord
Haringey Council has successfully acquired a neglected three-bedroom property in Tottenham through a Compulsory Purchase Order (CPO), as part of its ongoing efforts to tackle long-term empty homes. The house had been vacant for six years after its...
No surprise that landlords are struggling
Landlords are grappling with a challenging mix of new legislation and rising costs, according to a report from Simply Business. The survey, which included nearly 2,000 landlords, highlights significant concerns about the future of the buy-to-let...
Council reverses Council Tax decision
Pembrokeshire Council’s recent decision to reduce the council tax premium on second homes from 200% to 150% marks a significant shift, particularly in a region popular for holiday lettings. This comes just six months after the higher 200% rate was...
Why are we building homes when so many are standing empty?
The BBC has run an article on the problem of empty homes, claiming 'If all empty homes were brought back into use, the housing crisis would be solved at a stroke and, arguably, the government would not have to build 1.5m new homes.' The article can...
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LATEST NEWS
HMRC property transactions for May
HMRC has just released the property transactions for May. They can be seen here, and in summary: Residential...
Survey shows most rental homes have a low EPC rating
Rightmove has highlighted a significant issue in the UK's housing stock, revealing that more than 18 million homes...
Landlords feeling more positive
The latest survey by Landbay reveals a shift in landlord sentiment, indicating a decrease in negativity about the...
Rents tend to rise more under Labour
The upcoming General Election has significant implications for the rental market and housing policies. Historical data...
Survey Reveals Landlord and Tenant Voting Intentions and Dissatisfaction with Current Government
In a recent survey conducted by the lettings agency OpenRent, it was revealed that only 31.8% of landlords support the...
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