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Most unaffordable council named
Barnet has been named the least affordable area of London to rent in, with tenants spending nearly half their take-home pay on rent. A new report by tenant and landlord services provider Canopy found that renters in Barnet spend 48.7% of their net...
Does the Landlord and Tenant Act 1954 need modernising?
A firm of solicitors has looked at the 1954 Act, questioning whether it needs reviewing. Their findings can be seen here, and in summary: The Landlord and Tenant Act 1954 (the "Act") provides security of tenure for business tenants, allowing them...
Nationwide House Prices Rise, Little Change in Mortgage Approvals
Data released earlier by Nationwide showed that house prices returned to growth in May after two months of declines. House prices were up 0.4% on the month following a drop of 0.4% in April and 0.2% in March. Economists had expected house prices to...
Zoopla says Homes for Sale at 8 Year High
Britain's supply of homes for sale is at its highest point in eight years, according to research, in a trend which experts say will limit house price rises for the rest of 2024. Zoopla, the property website, said the average estate agent has 31...
Another London Borough brings in licensing
Starting in September, landlords in certain areas of Lambeth will be required to purchase a £923 license to rent out properties as part of a new council plan aimed at improving housing quality and reducing antisocial behavior. This scheme applies...
Large fine for no HMO licence
Haringey Council in London has successfully prosecuted a couple for failing to license a House in Multiple Occupation (HMO) property, resulting in a £10,000 fine. This penalty, while substantial, is significantly less than the maximum £30,000 fine...
Off-Plan Buyers Drop
Higher interest rates have caused off-plan home sales to tumble in the UK, prompting the nation’s housebuilders to scale back development. Some 32% of new homes were sold before they were built in England and Wales last year, down from 39% in 2022...
Uncertainty prevails awaiting the next Government
As the UK gears up for a general election on 4 July, the property industry anticipates a period of uncertainty and cautious observation. Prime Minister Rishi Sunak's announcement has prompted considerations about the potential impacts on mortgage...
Have you considered Heat Networks?
The push towards achieving net zero carbon emissions by 2050 necessitates a significant focus on reducing carbon emissions from buildings and transforming the energy system. This is particularly crucial considering that buildings contribute around...
Landlord banned from letting properties for next 3 years
A council's has obtained a Banning Order against the rogue landlord, Stephen Cunningham. Here's an overview of the key points highlighted in the case: Offences and Convictions: - Stephen Cunningham was found guilty of 21 offences under the Housing...
Election 2024 How changing the law on lodgers could make rented property more affordable
Tessa Shepperson has suggested amending the law in respect of lodgers. Her suggestion can be seen here, and in summary the proposal to allow tenants to take in lodgers presents a potential solution to address two pressing issues in the housing...
Many landlords undecided who to vote for
Overview of Landlord Sentiment Ahead of the General Election **Survey Findings by Landbay:** - **Undecided Voters**: 41% of landlords are uncertain about which party to support in the upcoming general election. - **Party Preferences**: - 31% plan...
Planning enforcement – update
A Government report on Planning Enforcement can be seen here, and in summary says: What is a Planning Breach? A planning breach occurs when development is undertaken without the necessary planning permission from the local planning authority, or...
Tenants are generally ignorant of the Renters Reform Bill
Despite significant publicity from pro-tenant groups, awareness and understanding of the Renters Reform Bill among renters are remarkably low. A survey conducted by the Leaders Romans Group (LRG), which includes several lettings agency brands,...
Rising cost of living in the UK
The cost of living increased sharply across the UK during 2021 and 2022. The annual rate of inflation reached 11.1% in October 2022, a 41-year high, before subsequently easing. Recent data shows the annual inflation rate was 2.3% in April 2024....
HMRC guidance for landlords who are pensioners
What is Self Assessment? Self Assessment is the process used to declare and pay tax owed on untaxed income. If you are employed, your employer will deduct tax owed before they pay you - known as PAYE or ‘pay as you earn’. If you are self-employed,...
Labour wanted the Renters Reform Bill to become law, but Conservatives blocked it.
The Renters Reform Bill's failure to pass into law before Parliament closed ahead of the July 4 General Election has sparked a political blame game between Labour and the Conservative government. Labour sources indicate they were prepared to...
Failure of the Renters Reform Bill criticised
The failure of the Renters Reform Bill to pass into law by July 4 has drawn sharp criticism from various stakeholders, including the Leaders Romans Group (LRG) and the National Residential Landlords Association (NRLA). This bill, developed over...
Gove is leaving
Housing Secretary Michael Gove has announced that he will not seek re-election in the upcoming General Election on July 4, marking the end of his nearly 20-year tenure in Parliament. Gove, who represents Surrey Heath, has held various high-profile...
Leasehold and Freehold Reform Bill becomes law
The Leasehold and Freehold Reform Bill, the last legislation passed before Parliament adjourned ahead of the General Election on July 4, represents a partial victory for leaseholders. The bill introduces greater transparency regarding charges and...
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LATEST NEWS
Labour wanted the Renters Reform Bill to become law, but Conservatives blocked it.
The Renters Reform Bill's failure to pass into law before Parliament closed ahead of the July 4 General Election has...
Failure of the Renters Reform Bill criticised
The failure of the Renters Reform Bill to pass into law by July 4 has drawn sharp criticism from various stakeholders,...
Gove is leaving
Housing Secretary Michael Gove has announced that he will not seek re-election in the upcoming General Election on...
Leasehold and Freehold Reform Bill becomes law
The Leasehold and Freehold Reform Bill, the last legislation passed before Parliament adjourned ahead of the General...
iHowz Invited to Meeting in the Lords
Lord Jackson chaired a meeting in the Lords recently, and iHowz were invited. Along with the NRLA and Goodlord, Vash...
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