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Mixed Messages on Buy-to-Let Mortgage Rates: Should You Downsize or Expand?
Recent news has provided conflicting signals about the impact of Buy-to-Let (BTL) mortgage rates on landlords, leading to understandable concern and uncertainty about the future of property portfolios. After dropping to 5.5% in February, BTL...
Labour cannot meet its housing targets
Labour is at risk of missing its target of delivering 1.5 million new homes within this parliamentary term without an emergency cash injection into the affordable housing sector, according to providers. Housing associations and councils have...
Who is Angela Rayner?
Angela Rayner, a former trade union representative who grew up in social housing, has been named Secretary of State for Housing, Communities and Local Government. Rayner, who has also been appointed Deputy Prime Minister, has quickly reverted the...
Proposal for Regulation of Short-Term Lets in Brighton
Green councillor Ellen McLeay is proposing a motion to require planning consent for Airbnb-style short lets in Brighton. This proposal will be discussed at an upcoming city council meeting. McLeay aims to utilize Article 4 Direction powers to...
Housing Ministry renamed – again
The term "Levelling Up," introduced by former Prime Minister Boris Johnson, has been officially abandoned by the new Deputy Prime Minister Angela Rayner. Here’s a summary of the recent changes and their implications: Changes Announced Rebranding of...
Propertymark’s Response to Labour’s Housing Plans
Propertymark, the trade body for property professionals, has expressed a cautious and somewhat skeptical response to Labour's ambitious housing goals. Here are the key points and concerns highlighted by Propertymark: Key Points Housing Target...
RICS comments on Labours housing plans
The Royal Institution of Chartered Surveyors (RICS) has responded positively to the Labour government's ambitious housing plans but has raised concerns about certain proposals. Here's an overview of the key points from RICS and Labour's...
Winkworth Comment on Sales and Rentals
Following expectations that interest rates had hit their peak in January, the sales market picked up significantly in Q1 2024 and, despite rates remaining unchanged, improved sentiment on the UK economy maintained this momentum. Winkworth's sales...
Are new energy deadlines to be announced
The UK government is expected to announce new deadlines for private landlords to improve the energy efficiency of their properties. Here's a summary of the upcoming changes and commitments: New Energy Efficiency Deadlines Expected Announcement: The...
Potential Labour Party measures regarding the private rental sector
The potential Labour Party measures regarding the private rental sector have raised concerns among landlords, leading to many exiting the market. Here are the measures Labour is considering: Total Ban on No-Fault Evictions: Abolishing Section 21...
Rachel Reeves announces house building targets
Rachel Reeves has promised to "get Britain building again" by bringing back compulsory housebuilding targets as part of a wide-ranging plan to reboot the UK economy. In her first speech as chancellor, Ms Reeves also said she would overhaul planning...
The prime minister who came closest to fixing Britain’s broken housing market
Under the bi-line From Thatcher to Sunak: who in Downing Street had the worst record on house prices? the Telegraph has published piece with their views on the performance of different Prime Ministers in the housing market. It can be seen here...
Revealed: how much 13 years of New Labour cost you
Under thenbi-line Rising taxes and soaring house prices that defined the Blair era offer clues to Starmer’s plans the Telegraph has published an opinion piece. It can be seen here (subscription many be necessary) stating that Sir Tony Blair's 1997...
How to get rich from Keir Starmer in Number 10
Under the bi-line 'Anticipating the threats and opportunities of a Labour government is key to making your money go further' the Telegraph has run a piece on ways they believe you could benefit from the new Government. It can be seen here...
Is this what The Next Five Years Look Like?
Landlord Today has posted a blog outlining what they believe the next 5 years will look like. It can be seen here, and they believe that Labour Party's extensive housing plans aim to overhaul the private rented sector, significantly increase...
Labour’s Rental Reform Agenda – getting it right
Writing in Landlord Today, Richard Rowntree, Managing Director of Mortgages at Paragon Bank calls for the new Government not to rush new legislation., stating that Labour's approach to rental reform will be crucial in balancing the needs of both...
What does the future of housing look like under a Labour government?
Mortgage Strategy has published a blog with their views on the potential outcome of the new Government. It can be seen here, and in summary says that the future of housing under the new Labour government is set to be transformative, with several...
Labours new cabinet
A current list of cabinet positions can be seen here, showing their previous shadow positions. The official Government announcement can be seen here. The following positions are the main ones of interest to landlords:- Angela Rayner - Secretary of...
Equity Markets React to Labour’s Landslide Victory
Following Labour’s significant electoral win, housebuilder stocks experienced notable gains. Key players in the sector, such as Vistry, Persimmon, Taylor Wimpey, Barratt, and Crest Nicholson, saw their share prices rise. RBC Capital Markets...
Halifax House Price Index for June 2024
The Halifax House Price Index for June 2024 can be seen here, and the key statistics are: Average House Price: £288,455 (compared to £288,931 in May) Monthly Change: -0.2% Quarterly Change: -0.5% Annual Change: +1.6% Commentary from Amanda Bryden,...
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LATEST NEWS
Generation Rent Calls for Urgent Renters (Reform) Bill
Following the National Residential Landlords Association (NRLA), Generation Rent is urging the next government to...
Home Builders Federation (HBF) Releases Blueprint for Next Government
The Home Builders Federation (HBF) has unveiled a comprehensive plan titled ‘Homebuilding: An Engine for Growth,...
Tenants Now Spend Longer in Rental Properties: An Analysis by Zero Deposit
Recent analysis from Zero Deposit, using data from the English Housing Survey, reveals a significant shift in the...
Rents anticipated to rise again
The latest Rental Index from PropTech platform Goodlord reveals that rents in England have reached their highest...
Yes, it really DOES still pay to be a landlord
Landlord Today has published an article arguing it is still worth being a landlord. The article can be seen here where...
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