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FOI request reveals EXACTLY how Medway Council has spent their Housing Infrastructure Fund allocation
A FOI request reveals that Medway Council has spent a total of £40.3 million across 1,702 projects from the Housing Infrastructure Fund. Most of this spending occurred during 2021 and 2022. In December, however, £170 million funding was pulled from...
Watchdog says that ground rents not legally or commercially necessary
The Competition and Markets Authority (CMA) says government may have to step in to protect leaseholders, as thousands in England and Wales remain trapped in contracts Government Consultation and Potential Caps: The government, led by Housing...
Landlord MPs leave Gove’s rental reform bill ‘close to collapse’
The Telegraph is reporting the potential ramifications of the Renters Reform Bill, with insights from landlord MPs, industry experts, and stakeholders. The article can be read here (subscription may be necessary) and in summary says:: Overview of...
Landlords get lower CGT but may have higher exit costs
Landlord Knowledge has published an article pointing that lower Capital Gains Tax might be offset by high exit fees. The article can be seen here, and discusses the implications of a reduction in capital gains tax for landlords in the UK, starting...
Landlords capital gains tax bills jump £1,600
Mortgage Finance Gazette are reporting how the recent changes to capital gains tax and their impact on landlords, alongside insights into rental market trends. The article can be seen here, and in summary: Changes to Capital Gains Tax: The annual...
English Housing Survey: local authority housing stock
The Government has released details of local authority housing stock. It can be seen here. It states that approximately 15% of occupied properties in England were non-decent in 2020-21, and 9% had a HHSRS Category 1 hazard. Then provides detailed...
Cut to CGT too small to encourage selling
Jo Eccles, a prominent agent is advising landlord clients, regarding the impact of Capital Gains Tax (CGT) cuts announced in the Budget, as well as the broader dynamics of the London property market: Limited Impact of CGT Reduction: Eccles suggests...
RICS reports improving sentiment
According to the latest UK Residential Market Survey from the Royal Institution of Chartered Surveyors, the net balance for house prices was -10 last month. A net balance is the proportion of respondents reporting a rise in prices minus those...
Debt charities write to Gove urging greater protection
Major debt advice charities and the Law Centres Network have concerns regarding the Renters (Reform) Bill. Their concerns are: Urgent Need for Reform: The charities urge Secretary of State Michael Gove to prioritize the Renters (Reform) Bill in the...
Rent Bill will demonise landlords – and bankrupt councils
Writing in The Conservative Women, Tim Briggs, on the Renters (Reform) Bill, portraying it as an intrusive measure infringing upon the rights of property owners and potentially causing adverse consequences for both landlords and local councils....
Gloucester City Council says fines will be imposed on ALL rented properties failing to meet energy efficiency standards in the city
Gloucester City Council is implementing stricter regulations for landlords renting out properties that do not meet energy efficiency and electrical safety standards. Here are the key points : Energy Efficiency Standards: Landlords renting out...
DWP tightening up UC rules
The Department for Work and Pensions (DWP) is rolling out stringent new regulations aimed at encouraging Universal Credit claimants to secure employment within specified timeframes to prevent long-term dependency on benefits. This initiative,...
Landlords served with fine of nearly £600,000
A legal battle between Camden Council and landlords Joel Salem and Judith Robinson-Dadoun has finally concluded with a significant financial penalty. The landlords were found guilty of renting out sub-standard flats and disregarding enforcement...
Pensioners suffer biggest losses from Tory tax raid as Hunt boosts millennials
The Telegraph is running a piece on pensioners losing out in the budget, as most don't pay national insurance contributions. They back this up with a brilliant Matt cartoon on the front showing two tax people saying 'Pensioners are the biggest...
Nationwide cements its position as largest Building Society
Virgin Money UK said it has agreed to a takeover by Nationwide Building Society. Under the Nationwide over, Virgin Money UK shareholders to receive 218p per share in cash, as well as 2p dividend from Virgin Money. This bring the total to 220p. The...
Family ‘forgotten’ by council
The Local Government and Social Care Ombudsman revealed a case on February 29, 2024, involving a Waltham Forest family who endured 12 months of sofa surfing due to the local council's oversight. The family became homeless in August 2022, but the...
Selective licensing and the Renters Reform Bill
The Chartered Institute of Environmental Health (CIEH) has voiced apprehension following a BBC report indicating that the government intends to launch a review of selective licensing with the stated objective of easing regulatory burdens on...
Comment on Halifax data showing a 1.7% annual rise in house prices
The latest Halifax house price index reveals several trends in the UK property market: Overall Growth: Average house prices rose by 0.4% in February, marking the fifth consecutive monthly increase. However, the annual growth rate has slowed...
Halifax reports 5th monthly rise in house prices
UK house prices rose for the fifth consecutive month in February, according to data from Halifax on Wednesday. The Halifax house price index rose by 0.4% on a monthly basis in February, after rising by 1.2% in January. The typical UK home cost now...
2024 Budget – Initial Reaction from iHowz
2024 Budget: Unveiling Missed Opportunities in Addressing Critical Housing Needs within the PRS In response to today's 2024 Budget speech, iHowz offers an initial analysis of its implications for the Private Rental Sector (PRS). Within the realm of...
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LATEST NEWS
Court fees to go up
The recent announcement of a 10% increase in court fees for landlords has sparked concern within the property sector....
North vs. South: What The UK’s Average Property Price Can Purchase in 45 Major Cities
Brand new data from Mojo Mortgages has revealed significant differences in the types of properties the average UK...
Mortgage rates are stifling house prices
Zoopla highlights the significant impact of higher mortgage rates on house price growth, presenting figures that...
UK’s housing market boom
The UK's housing market is currently experiencing a surge in sales, attributed to increased availability of homes for...
Shelter calls for empty houses to be converted to social housing
Shelter's has called to convert empty homes into social rent properties. With an estimated 261,000 empty homes across...
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