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Lloyds Banking’s residential landlord arm now has over 2,000 properties
Lloyds Banking Group PLC's residential landlord arm, Citra Living, has acquired over 150 new properties from housebuilder Barratt Developments PLC. These houses, located in Matson near Gloucester, will expand Citra Living's portfolio, which already...
Should the Right to Buy be amended?
The Housing Forum, an industry group, is advocating for reforms to the Right to Buy policy, which allows council tenants to purchase their rented homes at a discount. They propose several changes aimed at addressing concerns about the impact of...
CIEH worried about losing Selective Licensing
The Chartered Institute of Environmental Health (CIEH) is raising concerns about the potential impact of the Renters Reform Bill on local council licensing regimes. They argue that an amended version of the bill could threaten the existence of...
Now cheaper to buy than to rent
Research by Rightmove underscores the ongoing trend where buying has become more financially advantageous than renting in many of Great Britain's major cities. Here are some key takeaways from the information: Cheaper to Buy Than Rent: Across Great...
Benefits Britain is refusing to pay rent – and we are footing the bill
The Secret Landlord writing in the Telegraph has highlighted the problem that 'Local councils crumble under inescapable mountain of debt as arrears balloon' and raises significant concerns about the sustainability of the current system. The steep...
Ground Rents to be capped at £250
The government is reportedly planning to introduce a cap of £250 per year on ground rents for leaseholders, as part of a compromise between Michael Gove's proposals for leasehold reform and the concerns raised by the Treasury. Instead of completely...
Making Tax Digital – pilot scheme launched
The launch of the pilot scheme for Making Tax Digital (MTD) today (April 22nd 2024) by HMRC marks a significant step in the implementation of quarterly reporting for landlords and the self-employed. This initiative, which is set to be fully...
Is the Chancellor considering a cut in stamp duty?
The potential stamp duty cut being planned by Chancellor Jeremy Hunt, as reported in various newspapers, could have significant implications for the housing market if implemented. Increasing the threshold at which homebuyers pay stamp duty from...
Government severely criticised by the Lords over Regulation of Property Agents
The criticism leveled at the government for its failure to act on the Regulation of Property Agents (RoPA) recommendations is understandable given the widespread support for an independent property agents regulator. The RoPA working party, chaired...
Rebel MP’s table motion for rent controls
It's interesting to see this motion being put forward by Labour MPs, despite the party's national stance against rent controls. It highlights the diversity of opinions within political parties and the willingness of some members to push for...
Gove under pressure to scrap ‘foolish’ window planning rules
The Telegraph is reporting that Michael Gove is facing pressure to revise or scrap health and safety regulations that have resulted in homebuilders reducing the size of windows in new homes. Here's a summary of the situation: Regulatory Changes:...
Tory rent reforms backfire as evictions shoot up
The Telegraph are reporting on the measures proposed by Michael Gove to crackdown on landlords are encountering challenges, with unintended consequences emerging. Here's a breakdown of the situation: Increase in Section 21 Evictions: There has been...
Rightmove adds to reports of Market Recovery
Buoyant sales of large homes helped drive house prices to their highest level in 12 months, figures on Monday showed. The Rightmove house price index revealed the average asking price of property coming to the market in April rose by 1.1% or...
Labour publishes 5 golden rules’ for building on Green Belt
Labour's forthcoming announcement on green belt development outlines five "golden rules" aimed at balancing the need for increased housebuilding with the preservation of genuine green spaces. Here's a summary of the key points: Prioritizing...
Renters Reform Bill returns to Parliament
After some considerable delay, the Renters Reform Bill has now been scheduled to be debated in the Commons on Wednesday April 24th. The Government has also issued the proposed amendments to Bill, which can be seen here, all 112 pages! This is...
Foxton’s Q1 Update
Strong revenue growth underpinned by significant Sales market share growth and Lettings growth from acquisitions. Entered Q2 with the Sales under-offer pipeline at its highest level since the 2016 Brexit vote which, alongside the backdrop of an...
Research shows investors reducing the size of their portfolio
The Open Property Group's analysis indicates that buy-to-let investors across England and Wales have been reducing the size of their portfolios, with the average investor now owning 8.5 properties, down by 1.6% over the past year. This trend is...
Rents have increased by nearly 10%
The latest official government rent index reveals that average private rents across the UK increased by 9.2% in the 12 months leading up to March 2024, a slight uptick from the 9.0% increase recorded in the previous 12 months to February 2024. The...
Renters Reform Bill to return to the Commons
The Renters Reform Bill is set to return to the House of Commons next week, according to a report from The Sun's political correspondent, Noa Hoffman. The government has indicated that it will introduce several amendments to address concerns raised...
Tenants are staying longer
The Deposit Protection Service (DPS) reports that renters are now staying in their properties for a third longer than they did four years ago. The average tenancy length has increased to 924 days, or just over two and a half years, compared to 706...
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LATEST NEWS
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...
London rents easing
The latest rental index from Knight Frank brings some relief to renters in prime areas of London, indicating a...
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...
Generation Rent to assist with Labour housing policy
The launch of the review of the private rental sector for the Labour Party, undertaken by Stephen Cowan, the Labour...
Student body unhappy with the Renters Reform Bill
The National Union of Students (NUS) is expressing strong dissatisfaction with the government's handling of the...
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