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House of Commons releases report on Freehold estate management
The House of Commons report can be seen here explaining that Freehold estate charges refer to fees that homeowners in private or mixed-tenure estates must pay for the maintenance of shared areas and facilities, such as roads and open spaces, which...
Time to Consider Fixing Energy Bills
Cornwall Insight have released their final October-December 2024 price cap forecast. "We are forecasting energy bills will be £1,714 a year for a typical dual fuel consumer. This would represent a 9% increase compared to the July price cap....
Buy-to-let in the doldrums?
The recent "Mail on Sunday" report on the buy-to-let sector emphasizes the challenges landlords currently face due to rising costs and stricter regulations. The buy-to-let market has entered a period of stagnation, driven by high interest rates,...
Rent consumes highest proportion of income in seven years
A recent Financial Times report highlights that rent now consumes a higher proportion of household incomes than at any time in the past seven years. This rise is part of a broader trend where rent costs have surged faster than income growth,...
Rightmove House Price Index released
The Rightmove Price Index has been released, it can be seen here, and shows that the start of 2024 shows a cautiously optimistic trend in the UK property market, with both buyer and seller activities picking up significantly compared to the same...
Where Now For Rental Reform?
Landlord Today has published an article from Lucian Cook, Savills director of residential research which can be seen here, and says that the Renters (Reform) Bill was an ambitious attempt to address longstanding issues in the UK’s private rental...
London’s largest landlords call for ‘sufficient time’ to comply with new tenant information rights
Inside Housing has published an article stating that the G15 group, representing some of London's largest landlords, has voiced concerns about the timeline and clarity of new legislation that aims to enhance tenant access to information about the...
UK has the fastest-growing economy in the G7
The UK has become the fastest-growing economy in the G7 so far in 2024, with a 0.6% expansion in the second quarter, outpacing major economies such as the US and France. This marks a strong recovery for the UK, which grew by 1.3% in the first six...
Are tax rises on the way?
Rachel Reeves, the new Chancellor, has indicated that tax increases are still likely in her October 30 Budget, despite positive signs of economic growth in the second quarter of the year. The UK economy expanded by 0.6% in the three months to June,...
Landlords facing large financial challenge
UK landlords are facing an enormous financial challenge, with a £24 billion price tag looming as they work to meet the government's new Energy Performance Certificate (EPC) standards by 2030. According to research by property technology firm...
Mortgage market review
Housing market activity was relatively subdued during the first half of the year, reflecting persistent affordability pressures. Political and economic uncertainty was also heightened in the period and this may have influenced potential purchase...
Rents still rising
According to recent research by the TDS Charitable Foundation, more than a third of landlords in England who raised rents did so to keep pace with local market rates as the rental market continues to be strained by a housing shortage. The report...
Now easier to find an electrician to do an EICR
The NICEIC (National Inspection Council for Electrical Installation Contracting) has enhanced its filters and search options to help landlords and property owners more easily find qualified electricians who can carry out Electrical Installation...
Will the Government achieve its energy plans?
The government’s revived plan to mandate all private rented homes in the UK achieve an EPC (Energy Performance Certificate) rating of C or above by 2030 faces significant challenges, according to a recent analysis by Hamptons Lettings Agency. While...
Rent controls would force many to sell
Recent research conducted by Pegasus Insight highlights significant challenges in the private rental sector, particularly in England and Wales. Key findings indicate that: 82% of landlords are experiencing strong tenant demand, particularly in the...
Landlord has several rental properties seized
Merton Council in south London has seized several rental properties from a landlord who persistently failed to license them, marking one of the first instances of such an action in the UK. Using Interim Management Orders (IMOs), the council has...
Offices not making their sales price
The UK office market is experiencing significant challenges, with properties selling at an average of 18% below their asking prices, the largest discount seen since the 2008 global financial crisis. According to data from CoStar, this substantial...
Act now if you have a furnished holiday letting
The upcoming changes to the UK tax regime for furnished holiday lettings (FHL), set to take effect in April 2025, will significantly reduce the tax advantages for individuals operating FHL businesses. As a result, those affected are advised to take...
Landlord fined £10,000 for no electrical certificate.
In spite of appealing to the First Tier Tribunal, a Hastings Landlord has been fined £10,000 after failing to provide an Electrical Safety Installation Certificate after he was asked by Hastings Borough Council. Cllr Glenn Haffenden, lead...
More concerns about delays by social landlords fixing problems
The latest report from the Housing Ombudsman underscores growing concerns over the management of window repairs by landlords. The findings, drawn from 13 severe maladministration cases, highlight troubling delays and poor responses, which have...
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LATEST NEWS
Nationwide’s latest report
Figures from Nationwide showed house prices were largely unchanged in June following a bumper performance in May....
Industry reacts to Housing Policies
The UK's three major political parties have each proposed distinct strategies to tackle the country's housing shortage...
Labour criticised over lack of affordable housing target
The Labour Party has faced criticism from the thinktank Common Wealth for the omission of a specific 40% affordable...
Manifestos by party
Here is a summary of the key points from the major parties' manifestos for the 2024 UK General Election: Conservative...
Why the UK must address the housing and migration crisis simultaneously
Bright Blue, an independent think tank for liberal conservatism has published an article outlining why the UK must...
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