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Claim that landlords are selling up
Antony Lark, Joint CEO of Spicerhaart, has expressed concern about the current state of the rental market, highlighting the growing trend of landlords exiting the market due to increasing legislative pressures, tax burdens, and changes such as the...
Are there enough workers to improve the EPC rating of rental homes?
The task of decarbonizing the UK's residential housing stock to achieve an EPC band C rating by 2035 presents a monumental challenge, especially considering the current shortage of skilled workers in the construction industry. The Construction...
The Alan Boswell Group has highlighted the ten most expensive repairs for landlords
The Buy To Let insurance company Alan Boswell Group has highlighted the ten most expensive repairs that landlords might face, revealing costs that could seriously impact their finances. The most expensive repair on the list is underpinning, which...
Shelter again making Section 21 claims
Following the release of data from the Ministry of Justice last week, campaigning charity Shelter has highlighted the loss of a private tenancy as the leading cause of homelessness, accounting for more than a quarter of households identified as...
Labour has “golden opportunity” to solve renting crisis says agency boss
Letting Agent Today has published an article quoting the CEO of Spicerhaart who is of the view that Labour can resolve the rental crisis, but must give clarity to the industry about future taxes and the contents of the Renters Rights Bill. The...
It could take until 2042 to meet energy targets in the PRS
Landlords in the UK are facing significant challenges in meeting the Labour government’s 2030 target for all privately rented homes to achieve an Energy Performance Certificate (EPC) rating of A to C. Research from Hamptons reveals that if energy...
RICS UK Residential Survey July 2024
The RICS UK Residential Survey for July 2024 indicates a mixed but slightly positive outlook for the UK's residential property sector. Average mortgage rates lowered in July, aligning with the market's anticipation of a Bank of England rate cut....
Halifax – House Prices Rise
Annual growth in UK house prices quickened last month, according to data from mortgage lender Halifax. The growth rate increased to 2.3% in July, up from 1.6% in June, marking the highest annual growth rate since January. House prices rose by 0.8%...
Summary of Selective Licensing Schemes for Landlords in England
Overview: Recent research from Direct Line indicates a growing number of selective licensing schemes being imposed by local councils in England, increasing costs for landlords. Selective licensing schemes require landlords to obtain a license for...
The average landlord would be £11,000 worse off under a Labour capital gains tax raid
The UK Government is considering aligning capital gains tax (CGT) rates with income tax rates to address a £22 billion fiscal deficit, potentially increasing CGT rates up to 45%. This move could increase the average landlord's tax bill by £11,000...
Labour’s green revolution threatens to harm livelihoods as well as landscapes
The Telegraph has published an article entitled '‘The mad rush for solar needs to stop’: how Miliband threatens to ruin the rural idyll' It can be seen here (subscription may be necessary), and says that residents on the Cambridgeshire-Suffolk...
Rightmove and OpenRent Contract Termination
Rightmove and OpenRent Contract Termination Key Points: Termination Date: Rightmove's contract with OpenRent will terminate on September 1. Reason for Termination: Conditions for OpenRent's ongoing membership with Rightmove could not be agreed...
Potential Increase in Capital Gains Tax (CGT) for Landlords
Research by Quilter suggests that landlords could face significant increases in capital gains tax (CGT) if Chancellor Rachel Reeves adjusts CGT rates to match income tax rates in her upcoming Budget on October 30th. This move is considered as a...
New Hardship Tests and Energy Efficiency Requirements for Landlords
The Telegraph has published an article entitled 'Labour plots fresh war on landlords'. It can be seen here (subscription may be necessary), and in summary says: Hardship Tests for Tenant Evictions The new Labour government is set to introduce...
Section 24 tax changes having bad effect on industry
A Propertymark report sheds light on the significant and far-reaching consequences of the Conservative government’s phased removal of mortgage interest rate relief under Section 24 of the Finance (No.2) Act 2015. Introduced by former Chancellor...
Two-bed terraced houses sell faster than other homes, research finds
Zoopla Research: Two-Bed Terraced Homes Lead Fastest Sales in England and Wales Recent research by Zoopla reveals that two-bed terraced homes are the fastest-selling property type in England and Wales, with sales agreements typically reached in...
UK Mortgage Approvals Decline Slightly in June: A Sign of Market Stabilisation
Recent data from the Bank of England reveals a slight decline in mortgage approvals in June, indicating a potential stabilisation in the UK's housing market. Key Data Points Net Mortgage Approvals: June: 59,976 May: 60,134 March Peak: 61,080 June...
Inheritance tax at all time high
The average inheritance tax (IHT) bill in the UK for the 2021/22 tax year has reached an unprecedented high of £215,000, reflecting a broader trend of increasing IHT burdens due to rising property prices and accumulated savings. Here's a detailed...
Tax on landlords has created a rental crisis, claim
Recent tax changes and regulations are exacerbating Britain's housing crisis by discouraging buy-to-let landlords from entering or remaining in the market, according to property experts Guy Gittins, chief executive of letting agents Foxtons, and...
Leasehold reform in England and Wales: What’s happening and when?
The Leasehold and Freehold Reform Act 2024 received royal assent on May 24, 2024, and represents a significant overhaul of leasehold and freehold property laws in England and Wales. The act aims to improve consumer choice and fairness in leasehold...
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LATEST NEWS
Comparison of major manifestos
Here’s a summary of the key points from the manifestos released by the major parties ahead of the UK election on July...
National Housing Federation responses to main party manifestos
Outlined here are responses to each election manifesto from Kate Henderson, Chief Executive of the National Housing...
Green Party’s Housing Manifesto
Key Points from the Green Party’s Housing Manifesto: Abolition of No-Fault Evictions: Tenant Security: The Green Party...
Labours housing pledges
Key Points from Labour’s Housing Manifesto: Abolition of Section 21 Evictions: Immediate Action: Labour pledges to...
Comparison of Labour and Conservative Manifestos for the 2024 General Election
Tax Policies Labour: Plans to raise £8.6 million by 2028-29. Revenue from private schools, non-doms, and a windfall...
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