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The aims of the new Chancellor
Rachel Reeves, the UK's Chancellor of the Exchequer and former junior chess champion, favours the Sicilian Defence in chess, a strategic opening move aimed at attacking and opening up the board. This strategic thinking reflects her approach to...
Summary of the proposed Renters’ Rights Bill
Whilst we don't have all the details yet, we understand the following about the Renters' Right Bill (from the Government statement) Purpose: The Renters’ Rights Bill aims to provide greater rights and protections to renters in England, addressing...
Summary of Kings Speech
Summary of the King's Speech 2024 The briefing notes the Kings Speech can be seen here. Economic Policy and Growth Stability as the cornerstone of economic policy, with independent assessments for tax and spending changes [Budget Responsibility...
Renters Right Bill Confirmed
Today (17/7/24), the introduction of a new Renters' Rights Bill was confirmed in the King's Speech. The King briefly mentioned that the government plans to enhance "greater rights and protections to people renting their homes, including ending 'no...
Inflation rate down
The latest inflation data for June 2024 provides a detailed picture of price changes in the UK economy: Overall Inflation Rates CPIH (Consumer Prices Index including owner occupiers' housing costs): Annual Rate: Increased by 2.8% in the 12 months...
Summary of June 2024 Property Auctions Performance
The Essential Information Group has just published their monthly newsletter. It can be seen here, and, in summary says: Commercial Property Auctions: Overall Growth: Significant increase in lots sold by 37.2% compared to last year. Revenue Surge:...
Hertfordshire Landlord Convicted for Illegal Eviction and Harassment
We are publishing this story to remind you that the excuse offered by the landlord 'barrister argued that he lacked experience as a landlord, as this was his first tenanted property' is completely unacceptable. St Albans Magistrates Court recently...
Industry Bodies Call for Regulation of Property Agents in Open Letter to Housing Secretary
Propertymark and the Royal Institution of Chartered Surveyors (RICS) are among the key industry bodies backing an open letter to the new Housing Secretary, Angela Rayner, urging the government to implement regulation for property agents. The letter...
Are you getting your Brighton licensing discount?
Landlords in Brighton are having to re-apply for licensing, where required. Are you aware Brighton offer a discount of £75 per property for being accredited with iHowz? You can take the test for £30 email us if you want more information -...
Landlords Facing Tough Decisions Amidst Rising Buy-to-Let Mortgage Rates
Writing in the Propert118, David Coughlin advises 'Cut your losses says landlord: Why this month’s mortgage rates are causing landlords to sell' The article can be seen here, and in summary says that recent news has presented mixed signals for...
Key Bills in the Upcoming King’s Speech: An Overview
The government is gearing up for a packed King's Speech, this Wednesday (17th), with plans for at least 30 bills covering various priorities from Labour's manifesto. Note, there is no announcement of the contents of the King's Speech, as Protocol...
Recovering Damages Beyond the Security Deposit: A Guide for Landlords
Property118 has published a useful article on how to recover legitimate costs from a tenant. It can be see here, and in summary says: When a tenant vacates a rental property, landlords often face the challenge of discovering damages or repair needs...
Lloyds Banking Group’s Social Housing Initiative
Overview Lloyds Banking Group, the UK's largest mortgage provider, is set to transform its disused office sites into social housing. This initiative aligns with the bank's strategic shift following the Labour Party's election win, which has...
Analysis of the Residential Market Post-Election
Rightmove has just published their recent Market survey. It can be seen here, and in summary: Current Market Trends Seller Asking Prices Average new seller asking prices have dropped by 0.4% (-£1,617) this month to £373,493. This...
New Ministry of Housing, Communities & Local Government Welcomes Five New Ministers
In a significant move aimed at reforming the private rented sector (PRS) and addressing housing needs, the newly established Ministry of Housing, Communities & Local Government has appointed five new housing ministers, including a landlord with...
Current Sentiment and Future Outlook in the Residential Market
The sentiment among surveyors and estate agents about sales volumes has reached its most optimistic level in over two years, according to the June RICS Residential Market Survey. This newfound optimism follows a period of subdued activity leading...
Factors Contributing to Delays in Property Transactions
Recent research by Propertymark highlights several factors contributing to significant delays in property transactions. The findings indicate a troubling trend, with a steep decline in the percentage of sales progressing from offer to exchange...
Summary of Findings on Social Housing Landlords by the Regulator of Social Housing (RSH)
The Regulator of Social Housing (RSH) recently identified significant issues concerning tenant safety and living conditions across five social housing landlords. These findings highlight the failure of these landlords to meet the new consumer...
What Can Landlords in the Private Rented Sector Expect from the New Labour Government?
Writing in Property118, The Landlord Crusader questions the experience of the current cabinet. His blog can be seen here, and in summary says that the election of the Labour government has brought both hope and apprehension among landlords in the...
Industry Body Warns of Court System Overload if Section 21 is Banned
Propertymark has issued a stark warning to the government that abolishing Section 21 could overwhelm the court system, potentially becoming the "final nail in the coffin" for many landlords due to increased costs and lengthy delays in the judicial...
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LATEST NEWS
Study Reveals Trends in Londoners Moving to More Affordable Areas
As property prices and living costs in London remain high, many Londoners are relocating to areas with more affordable...
Gove to be evicted
As the Secretary of State for Housing, Michael Gove has faced numerous challenges addressing the UK's housing crisis....
Nearly Half of Landlords Plan to Invest in Property in the Next Year, Survey Reveals
A recent survey by specialist lender Landbay shows a significant rise in landlord confidence, with nearly half (44%)...
Legal Perspectives on the Renters Reform Bill and Leasehold Reform Act
Renters Reform Bill: Unresolved Issues The prominent law firm Payne Hicks Beach has highlighted ongoing challenges in...
Generation Rent’s New Manifesto: A Radical Overhaul of Landlord-Tenant Dynamics
Generation Rent, under the leadership of Ben Twomey, has unveiled a manifesto demanding sweeping changes to the...
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