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Some London Councils are scrapping social housing development
Southwark Council has shelved £160 million worth of developments, including three projects scheduled for completion next year and one in 2026, which would have provided 231 new social rent homes. A Freedom of Information (FOI) request by Inside...
Building Society hails new dawn for the housing market
A building society has indicated that the combination of the UK Labour government’s housing proposals and a regional plan for 20,000 low-carbon homes for rent could signal “a new dawn” for the housing market in the latter half of 2024. The...
Lewisham Council being investigated
The Housing Ombudsman has launched a special investigation into Lewisham Council, a Labour council in south London, following 16 cases of 'severe maladministration' in a year and a series of compliance issues. The investigation centers on how the...
Holiday lets tax change will hit local economies
The abolition of the furnished holiday lettings (FHL) tax regime, confirmed earlier this week, will significantly harm local economies, according to the Country Land and Business Association (CLA). The CLA's statement comes in response to the UK...
Cut in base rate
Rate cut squeaks through in super-tight decision The Bank of England has cut the base rate from 5.25% to 5% The Bank of England has cut the base rate from 5.25% to 5%. The rate had held for a year The committee voted 5:4 for a cut Inflation has...
RICS Welcomes Deputy Prime Minister Angela Rayner’s Planning Reforms
The Royal Institution of Chartered Surveyors (RICS) has expressed strong support for Deputy Prime Minister Angela Rayner’s recent planning reforms. These reforms, which have initiated an eight-week consultation period, include the reintroduction of...
Who will be the next Chairperson for the Housing, Communities and Local Government Committee?
Election of New Chairperson for the Housing, Communities and Local Government Committee Overview The UK Parliament has initiated the process to elect the new chairperson for the Housing, Communities and Local Government Committee. This position is...
Zoopla House Prices to rise
Summary of Housing Market Forecast for 2024 Key Points: Expected Price Increase: House prices across the UK are forecasted to rise by 2% by the end of 2024. Market Dynamics: The increase in house prices is driven by a higher number of homes being...
Tenant served notice a few days after moving in – by a Council
The Sun newspaper has highlighted the case of a tenant served with an eviction notice by a Council just days after unpacking their furniture and belongings. Joanna's Story: Impact: Joanna's family received an eviction notice shortly after moving...
Delays in conveyancing causing landlords problems, and money
The property market is experiencing significant fluctuations in property values during the time it takes to complete a sale. According to Moverly, a digital property information service, it currently takes an average of 112 days to progress a sale...
Ex rental properties constitute 1 in 8 new sales
A new analysis by Zoopla reveals that one in eight homes currently for sale were previously rented properties. This 12% figure has remained relatively consistent over the past three years. Several factors have contributed to more landlords deciding...
Government plans to boost property market
The UK Government has announced new planning reforms aimed at significantly increasing housebuilding across England. These reforms include mandatory targets for all councils, with the goal of constructing 1.5 million homes over the next five years....
Government announcement on Housing
The Secretary of State for Housing made a statement to Parliament yesterday (30/7/24) in which she said that the government plans to boost Britain's economy by addressing the acute housing crisis and driving growth, job creation, and urban...
Landlords could be better off with money in the bank: FT claim
Writing in the Financial Times, Moira O'Neill questions whether buy-to-let investments are with while now. The article from the Financial Times can be seen here (subscription may be necessary), and discusses the current state and challenges of the...
PBSA Watkin Jones forward sells 397 beds in East London
Watkin Jones PLC on Monday announced the forward sale of a student accommodation development, in a deal which may inspire confidence in the property developer's outlook. The company said the forward sale of 397-bed purpose-built student...
Big fine for getting it wrong
A recent case of an unregistered House in Multiple Occupation (HMO) in Wallington, near Croydon, highlights significant issues in rental practices and landlord-tenant relations. Here’s an overview and analysis of the case: Overview of the Case...
Has Selective Licensing lead to more homelessness?
The situation in Nottingham regarding the rise in temporary accommodation and the impact of selective licensing has drawn significant attention and controversy. Here’s a detailed overview: Nottingham’s Temporary Accommodation Crisis Increase in...
Propertymark endorse Good Landlord Charter
Propertymark has strongly endorsed Andy Burnham’s ‘Good Landlord Charter’ initiative in Greater Manchester, advocating for the inclusion of letting agents alongside private and social landlords. Here’s an overview of the key aspects and...
Labour’s campaign centrepiece could prove to be a load of hot air
Writing in the Telegraph, under the title Why Ed Miliband’s energy bills pledge may become an epitaph, Jonathan Leake explains that Labour’s pledge to cut consumer energy bills by £300 was a key promise during their election campaign, yet it faces...
The Shifting Landscape of Britain’s Private Landlord Sector: Insights from Zoopla’s CEO
Introduction Becoming a private landlord in Britain is increasingly seen as financially unviable. Charlie Bryant, CEO of property listings website Zoopla, highlights how rising taxes, high mortgage rates, and stringent regulations are deterring...
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LATEST NEWS
Labour manifsto launched
Labour Party's 2024 Election Manifesto: Key Points and Analysis Wealth Creation and Investment Focus on Wealth...
Renting Groups Call for New Government to Support Renters’ Rights
Leading renting and housing organisations have united in a call for stronger renters’ rights policies from political...
Greens Hope to Win Renters’ Votes with Housing Commitments in Election Manifesto
On June 12, 2024, the Green Party launched its election manifesto in Brighton, outlining significant housing and...
Should We End Thatcher’s Right to Buy?
The Big Issue is reporting that the debate over ending Margaret Thatcher's Right to Buy scheme has resurfaced, with...
Conservative manifesto and housing
The Conservative manifesto for the 2024 election, led by Prime Minister Rishi Sunak, emphasizes home ownership with a...
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