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Surge in Tenant Demand Signals Strong Recovery in UK Rental Market
A recent report by Zero Deposit indicates a significant surge in tenant demand across most counties in England, marking a robust recovery in the UK's private rented sector (PRS). Analyzing rental data, the report reveals a 1.5% increase in tenant...
Possible new EPC
There are important proposed changes in the energy efficiency assessment process for homes, replacing the existing Energy Performance Certificate (EPC) with a new Home Energy Model. Here's a breakdown of the key points: Changes in Assessment...
The Renters (Reform) Bill doesn’t need tweaking – it needs sinking
Property118 has published an opinion piece that reflects the concerns and frustrations of some landlords regarding the proposed Renters (Reform) Bill and its potential impact on the private rented sector (PRS). It can be seen here, and the key...
Non-resident landlord tax obligations in the UK
A new guide offers comprehensive information for non-resident landlords (NRLs) regarding their tax obligations in the UK. Here's a summary of the key points covered: Definition of NRL: NRLs are individuals who have moved abroad to live, have their...
New report suggests 1/3 landlords may sell this year
A report by comparison service Uswitch reveals significant trends and statistics concerning the buy-to-let (BTL) market in the UK. Here's a summary of the key findings: Landlord Sell-Up: Nearly one in three buy-to-let landlords (30%) plan to sell a...
Report suggests suggests that private landlords are not solely to blame for rent rises
The Resolution Foundation's report titled 'Through the Roof' challenges popular theories about rising rent prices and suggests that private landlords are not solely to blame. Here's a summary of the key points and findings from the report: Rising...
Government publishes information about planning appeals
In the context of planning decisions, there are several avenues through which decisions can be appealed or challenged: Appeals by Applicants: Only applicants (and their representatives) have the right to appeal a planning decision. This includes...
Landlord fined £45,000 for letting out unlicensed properties
A recent case involving Mohammed Ammar Hussain in Hemel Hempstead, highlights the importance of landlords complying with regulations governing House in Multiple Occupation (HMO) properties. Here's a breakdown of the key points: Offences and...
Abuse of Stats by Resolution
Rent rises in Britain are forecast to outpace wage growth, despite having already surged at the fastest pace on record after the Covid pandemic and the cost of living crisis. The Resolution Foundation expects added pressure on millions of...
Be careful of quick rich schemes
Glenn Armstrong, self-proclaimed 'millionaire maker,' runs the Property Millionaire Academy and offers various services and resources to investors. He gained prominence for his claims of helping individuals achieve significant wealth through...
Generation Rent backs rent control
The Generation Rent activist group is placing significant emphasis on the upcoming Metro Mayor elections, seeing them as a crucial opportunity to advocate for pro-renter policies. Here's a breakdown of the key points highlighted in the statement...
The average UK tenant is spending nearly 40% of their monthly income on rent
The latest research from Canopy reveals concerning statistics regarding the affordability of rent for tenants in the UK. Here are the key points: Rent-to-Income Ratio: On average, UK tenants are spending nearly 38.3% of their monthly income on...
London Mayor Sadiq Khan pledges to build 6,000 affordable homes and to implement rent controls
London Mayor Sadiq Khan has made significant pledges to address the housing crisis by building 6,000 affordable homes with rents tied to the earnings of key workers. Here's a summary of the key points: Khan's Commitment: Sadiq Khan, during the...
Labour-commissioned review of rental market set for release soon
A news article published in Labourlist, provides insights into Labour's ongoing efforts to reform the private rental market, particularly through the commissioning of a review led by Stephen Cowan, a prominent Labour figure. Here's a breakdown of...
The latest Halifax House Price Index released
The latest Halifax House Price Index released this morning revealed a monthly change of -1% in March. Kim Kinnaird, Director, Halifax Mortgages, said: “UK house prices grew in March on a quarterly basis, by +2.0%, with annual growth slowing to...
Number of renters in rural areas increased faster than London over the last decade
research conducted by the County Councils Network sheds light on significant shifts in housing patterns, particularly in rural and county areas of England, over the past decade. Here's a summary of the key findings and recommendations outlined in...
Plans Revealed For Former Go Outdoors Site In Chatham To Create 335 Homes
Hasan is reporting that the redevelopment plans for the old Go Outdoors site in Chatham Town Centre promise significant changes to the area, aiming to transform it into a vibrant community hub. The development, part of the Chatham Town Centre...
First-time buyers behind half of London property sales
The Telegraph is reporting that the first quarter of 2024 saw a significant milestone for first-time buyers in the UK housing market, with a record 33% of all homes sold being purchased by first-time buyers. This increase was fueled by falling...
Urban myth disproved that first time buyers have been priced out of the market, partly by landlords.
The latest figures from lettings agency Hamptons suggest that the popular narrative about first-time buyers being priced out of the market, partly by landlords, may not be entirely accurate. According to their data, slowly reducing mortgage rates...
Propertymark is urging agents to get ahead of the curve
Propertymark is advocating for agents to proactively prepare for impending regulation within the property sector. They emphasize the importance of adhering to a code of practice, obtaining minimum qualifications, and securing licensing for estate...
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LATEST NEWS
Rent in Advance
The Renters (Reform) Bill has sparked discussions and concerns among landlords regarding the legal implications of...
Propertymark publishes Housing Insight Report: March 2024
Based on the Housing Insight Report for March 2024, several key trends have emerged in the residential sales and...
Renters Reform Bill unfairly targeting landlords!
In a blog in Property118, a reader asks 'What can be proposed to address the housing crisis without burdening...
Savills’ revise their UK house price forecast
Savills' revised UK house price forecast suggests a more positive outlook than previously anticipated, with an...
UK house prices hold steady in April
According to Halifax, British house prices rose 0.1% in April month-on-month and 1.1% year-on-year. The average house...
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