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Many landlords find it unprofitable to continue
The surge in buy-to-let landlords exiting the private rented sector (PRS) is attributed to various factors, including increased receiver appointments and regulatory pressures. Landwood Group, a leading auctioneer, reports a 150% increase in...
The court system is failing landlords, report says
An article in Legal for Landlords discusses the delays and challenges faced by landlords in the eviction process highlight significant issues within the legal system. Here's a summary of the key points raised in the article: Delay in Eviction...
Reminder to check fire doors
Fire doors play a crucial role in preventing the spread of fire and smoke within buildings. The Fire Safety Act 2021 clarified the importance of flat entrance doors in fire risk assessments mandated by the Fire Safety Order. The Fire Safety...
Court and tribunal fees to rise
On April 1, 2024, the Ministry of Justice confirmed the increase in court and tribunal fees following a consultation process. The consultation paper, titled 'Implementing increases to selected court and tribunal fees,' was published on November 10,...
Groundswell Report Highlights Health Challenges in Temporary Accommodation
Groundswell, supported by funding from Trust for London's Better Temporary Accommodation for Londoners Initiative, has released a report shedding light on the health struggles faced by individuals living in temporary accommodation. Here are the key...
Addressing the Alarming Surge in Tenant Application Fraud: A Concern for Landlords
The revelation that tenant application fraud has surged by 140% may not come as a surprise to those entrenched in the private rented sector. For landlords grappling with the challenges of an increasingly demanding market, this alarming trend poses...
Navigating Payment Inconsistencies: Challenges Faced by Landlords Renting to Universal Credit Tenants
In recent times, landlords renting to Universal Credit (UC) tenants have encountered a significant challenge due to payment inconsistencies arising from recent changes by the government. Despite the promises of increased housing support for...
Positive Shift in Housing Market Amid Rising Buyer Demand and Stabilizing Prices
Recent findings from a survey conducted by RICS reveal a positive shift in the housing market, with buyer demand on the rise and expectations for future sales improving. Additionally, house prices appear to be stabilizing, indicating a more...
Unveiling the Financial Strain: UK Tenants Grapple with Soaring Rent-to-Income Ratio
A recent study by Canopy has shed light on the financial burden faced by UK tenants, with the average tenant dedicating nearly 38.3% of their monthly income to rent. This alarming figure places many tenants on the brink of affordability, as...
Propertymark Calls for Equal Treatment in Housing Sector Qualification Standards
Propertymark, a leading industry body representing property professionals, is advocating for equal treatment with the social housing sector in terms of qualification standards for housing professionals. The call comes in response to Levelling Up...
National Trading Standards Urges Property Agents to Embrace New Material Information Rules
In a recent podcast with The Guild of Property Professionals, Guy Welfare, an investigator from the National Trading Standards Estate and Letting Agents team, emphasized the importance for agents to accept and implement new rules regarding material...
RICS UK Residential Market Survey released
RICS UK Residential Survey, March 2024 The new survey can be found here, and indicates positive trends in the housing market, with improvements in buyer demand, sales expectations, and stability in house prices. Here's a summary of the key points:...
More than 50 residents who lost their home due to fire begin High Court claim
The residents who lost their homes in the fire at Richmond House have taken legal action against Metropolitan Thames Valley (MTVH) housing association and house builder St James. The claim, submitted to the High Court, seeks compensation for loss,...
Commons Levelling Up Committee; call for evidence on the home buying and selling process
The Commons Levelling Up, Housing and Communities Committee is calling for evidence on improving the home buying and selling process in England. They welcome written submissions on various aspects related to this topic, with the deadline for...
Housing Laws in the Pipeline
Here's a summary of key housing laws currently under consideration: Leasehold and Freehold Reform Bill: This government bill aims to reform rights of tenants under long residential leases, regulate charges and costs, and address issues related to...
Commons Committee Report Calls for Urgent Reform of Shared Ownership Schemes
The Commons Levelling Up, Housing, and Communities Committee has released a report on shared ownership, highlighting significant challenges faced by participants in these schemes. Here are the key findings and recommendations from the report:...
Poorly Insulated Homes Face Higher Heating Costs, Urgent Action Needed
New research by the Energy and Climate Change Intelligence Unit (ECIU) reveals that poorly insulated homes in the UK will face significantly higher heating costs starting from April. Homes with an Energy Performance Certificate (EPC) rating of F...
Legal Aid Expenditure on Housing Law Cases Increases in Latest Statistics
The Ministry of Justice has released legal aid statistics for October to December 2023, revealing notable trends in housing law cases. Here are the key findings: Increase in Expenditure: The cost of legal aid on housing law cases during this period...
Government to Highlight Poor Practice by Social Housing Landlords on Social Media Platforms
The Department for Levelling Up, Housing, and Communities has announced plans to use its social media platforms to draw attention to instances of poor practice by social housing landlords. This initiative aims to increase transparency and...
New-Build Homeowners Required to Sign NDAs for Details of Rising Estate Charges
New homeowners in new-build estates across the UK are being compelled to sign non-disclosure agreements (NDAs) to access information regarding their escalating estate charges, according to a report by i. Residents seeking insight into the...
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LATEST NEWS
Good rates for first time buyers
Research by comparison website Moneyfacts suggests that building societies are currently offering the most competitive...
Housing stock high, sales low
The latest data from the Royal Institution of Chartered Surveyors (RICS) indicates a mixed picture for the UK...
Natalie Elphicke has defected to the Labour Party
Conservative MP Natalie Elphicke has defected to the Labour Party, citing reasons such as housing and border security...
Brighton & Hove City Council housing strategy consultation
Councillor Gill Williams, Deputy Leader Brighton & Hove City Council has issued the following: I am writing to...
Do you know the different tenancy types?
Most landlords are aware of the concept of a Fixed Term tenancy - one where either the start and end dates are...
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