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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 Ratnasingham from iHowz presented to an audience of industry notables, MPs, and Lords. Held before the General Election was to be...
Fewer properties is forcing up rents
A recent survey by bridging broker Finbri highlights a significant surge in tenant demand in the private rented sector (PRS), with 71% of landlords reporting higher demand over the past year. This increased demand is driven by a shortage of rental...
Home Office say Right to Rent rules made ‘easier’ for agents and landlords
The Home Office has announced changes to the Right to Rent rules, aimed at making it easier for letting agents and landlords to check the immigration status of tenants and avoid significant fines. One key change involves the EU Settlement Scheme,...
Labour would bring in local rent caps
A Labour government could potentially introduce rent caps, giving local councils the authority to limit annual rent increases by landlords. This proposal is similar to the Housing Bill recently unveiled in Scotland. Rachel Reeves, the shadow...
iHowz influence on the Renters Reform Bill
Find out the progress of the Renters Reform Bill, and the iHowz contribution. iHowz thanked in the Lords Progress in the Commons Progress in the Lords Amendments made in the third reading The Renters Reform Bill continues its slow, tortious way...
New buy-to-let mortgage offerings
Today, Santander announced several changes to its residential and buy-to-let mortgage offerings: For landlord mortgages: - Introducing a new 75% loan-to-value (LTV) two-year tracker rate for landlords at 5.64%, accompanied by a £1,999 product fee....
London weak, Manchester strong – new report says
A new analysis by online agency Yopa suggests that London has a weak ripple effect for house price growth across local authorities surrounding the city, while the market surrounding Manchester is the best in Britain in this regard. The agency...
Starmer rejects rent control
Sir Keir Starmer is allegedly set to dismiss the London Mayor’s rent freeze proposal, instead focusing on tenant protection by creating a national landlord register, if elected. In a recent development, Labour leader Sir Starmer plans to reject the...
Councils waste millions fighting planning appeals
Coverdale Barclay has published a report that shed light on the significant costs incurred by London boroughs in fighting rejected planning applications that were later approved on appeal. Key points include: 1. **Financial Impact**: Seventeen...
Will Labour bring in rent controls?
The issue of rent controls has resurfaced with a report commissioned by Labour recommending the implementation of rent caps for tenants struggling with rising costs. Here's a breakdown of the key points and reactions: 1. **Recommendations**: The...
New levelling up powers to fill empty shops across England
The UK government has announced new powers aimed at revitalizing high streets and addressing the issue of empty shops. These powers, set to be in force by the summer, include the introduction of High Street Rental Auctions, empowering local leaders...
New report on Fire safety rules for blocks of flats
Following the Grenfell Tower fire in 2017, the UK government implemented new fire safety regulations, particularly focusing on high-rise blocks of flats. These rules aim to enhance building safety and mitigate the risk of fire-related incidents....
Big change around property prices comes into force on June 1
The impending abolition of the Multiple Dwellings Relief (MDR) by the government, set to take effect from June 1, has sparked a rush among house buyers eager to beat the deadline and avoid potential financial repercussions. This change particularly...
Renters in race for homes as listing time slashed
The BBC has published an article on the problems for tenants to find properties to rent. The intense competition between tenants for rental properties has intensified, leading to a "race to rent" as listings spend less time on the market. Figures...
Propertymark claims Government action responsible for rental decline
The rise in private rents across England, Wales, and Scotland over the past year has been attributed to various tax and regulatory changes affecting landlords, according to Propertymark, the letting agents' trade body. Propertymark's insights shed...
UK HALIFAX HOUSE PRICE INDEX
According to Halifax, British house prices rose 0.1% in April month-on-month and 1.1% year-on-year. The average house price in April now stands at £288,949. In the previous month, UK house prices fell by about £2,900 in March with the typical...
Is an interest-only mortgage the best choice for landlords?
Buy Association has published an article in which they say that interest-only mortgages indeed offer a way to keep monthly costs down, particularly appealing in the face of increasing mortgage rates and tax changes affecting landlords. However,...
Important court case about the Section 21
The case of D’Aubigny v Khan & Anor, heard at the Central London County Court on December 1, 2023, delves into the application of Section 7 of the Interpretation Act 1978 regarding the service of prescribed documents required before issuing a...
London rents easing
The latest rental index from Knight Frank brings some relief to renters in prime areas of London, indicating a slowdown in rent increases not seen since the summer of 2021. While average rents are still rising, the growth has narrowed, with prime...
Proposal to only have one recycling bin
The Department for Environment Food and Rural Affairs (DEFRA) has announced plans for a unified recycling system in England, allowing households to place recyclables such as plastic, metal, glass, paper, and card in one bin. Councils will also have...
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LATEST NEWS
Fewer properties is forcing up rents
A recent survey by bridging broker Finbri highlights a significant surge in tenant demand in the private rented sector...
Home Office say Right to Rent rules made ‘easier’ for agents and landlords
The Home Office has announced changes to the Right to Rent rules, aimed at making it easier for letting agents and...
Labour would bring in local rent caps
A Labour government could potentially introduce rent caps, giving local councils the authority to limit annual rent...
New buy-to-let mortgage offerings
Today, Santander announced several changes to its residential and buy-to-let mortgage offerings: For landlord...
London weak, Manchester strong – new report says
A new analysis by online agency Yopa suggests that London has a weak ripple effect for house price growth across local...
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