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Leasehold flats: ‘I wish I had never touched them’
The BBC is running an article on the problems with leasehold flats, it can be seen here. In the article, Liz Winstanley's experience highlights the significant challenges faced by leasehold property owners when it comes to managing and resolving...
What is happening to rents?
Lettings agency Hamptons believe that rents have peaked. Their latest data reveals some interesting trends in the rental market across Britain: Slowing Rental Growth: Average rents on newly let properties increased by 8.3% year-on-year in...
New licensing scheme proposes sliding scale depending on past performance
Barking and Dagenham council's proposal for a replacement Selective Licensing Scheme, along with a new Additional Licensing Scheme, signals the ongoing effort to ensure quality housing for residents in the private rented sector. The existing...
Will the budget focus on ISA changes and support for first-time buyers and retirement savings?
Hargreaves Lansdown are of the view that expectations regarding the upcoming Budget should particularly focus on ISA changes and support for first-time buyers and retirement savings: Investment in British Companies: The government is expected to...
Agency believe rents have peaked
The latest data from lettings agency Hamptons reveals some interesting trends in the rental market across Britain: Slowing Rental Growth: Average rents on newly let properties increased by 8.3% year-on-year in January, marking the slowest pace of...
Gove’s Airbnb Crackdown – Criticism building
Letting Agent Today is reporting on the growing criticism of the proposal to restrict private homeowners using their properties via Airbnb and other short let platforms. It can be seen here, and says that the announcement by Housing Secretary...
Man who forecast last two property slumps says house prices will jump 20% before falling in 2026
This is Money has reported on the views of Fred Harrison, a British author and economic commentator famous for his theory of an 18-year property cycle, who is predicting turbulent years ahead for the housing market. The article can be seen here,...
UK updates guidelines for Right to Work digital identity checks
The UK government has issued updated guidelines for employers regarding Right to Work digital identity checks, particularly focusing on the use of digital identity service providers (IDSPs). Since April 2022, IDSPs have been permitted to conduct...
Senior Tory has backed amendments to the Renters Reform Bill
Jacob Rees-Mogg, a prominent political figure, appearing on CNN, has voiced his strong opposition to the Renters Reform Bill, sponsored by Housing Secretary Michael Gove. Rees-Mogg characterizes the bill as a "socialist error" that threatens...
Property auctions busier than normal
It's clear from the recent trends that January auctions have experienced a significant surge in activity, marking it as the busiest month ever in auction history. The increase in both the number of properties coming to market and those selling...
Will rents keep rising?
Courtesy Allison Thompson, National Lettings Managing Director, Leaders Romans Group Typically, rents rise in line with wages - which, in turn, tend to track inflation or increase at a slightly lower rate. From the late 90s, when buy-to-let...
What are the proposals to restrict short-term lets in England?
The Guardian has summarised the proposals on short term lets and can be seen here, and in summary: The UK government's recent proposals to address issues related to short-term holiday lets in England have garnered mixed reactions from various...
New Airbnb rules don’t go far enough – says Generation Rent
The proposals announced by Housing Secretary Michael Gove regarding the regulation of Airbnb-style short lets have faced criticism from activists, particularly Generation Rent, led by chief executive Ben Twomey. Here are the key points of their...
Airbnb supports mandatory register
Airbnb has expressed its support for a proposal from Housing Secretary Michael Gove to implement a mandatory register of short let landlords in England. Here are the key points of the proposal and reactions from relevant stakeholders: Proposed...
Council to charge premium on second and empty homes
Dorset councillors have recently approved proposals to implement a council tax premium on second homes and to tighten regulations on the existing premium for long-term empty homes. Here are the key points: Council Tax Premiums: Long-term empty and...
Licensing scheme will cause rents to rise – warns landlord
The proposed selective licensing scheme in Blackpool has sparked concerns among landlords, with Dawn Smith representing a network of landlords warning that the high charges for licensing may be unaffordable without passing the fees onto tenants....
Landlord loses appeal in tax avoidance case
A case involving Michael and Bridget Brown, who attempted to avoid Stamp Duty Land Tax (SDLT) by using a tax avoidance scheme through an unlimited company, has reached its conclusion with the Court of Appeal dismissing their appeal against HMRC....
Large decline in older borrowers
Data released by UK Finance indicates a significant decline in new buy-to-let (BTL) mortgage borrowing among older landlords, with the number of such loans decreasing by half in the fourth quarter of 2023 compared to the same period in 2022. Here...
Tenancy deposits for rented properties with ‘disorganised comings and goings’
Housing Law Week has republished a detailed explanation outlines the legal implications of a situation colloquially referred to as "disorganised comings and goings" in property letting. Here's a summary of the key points: Description of the...
Is there an over supply in London?
The latest rental market snapshot indicates an oversupply of rental properties in London, resulting in a decline in rents. According to the Home website's monthly sales and rental index, while there is positive annualized growth in all regions...
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LATEST NEWS
Renters Reform Bill passes to the Lords
The government's Renters' Reform Bill has passed a crucial stage in Parliament, despite controversy surrounding its...
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...
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...
CIEH worried about losing Selective Licensing
The Chartered Institute of Environmental Health (CIEH) is raising concerns about the potential impact of the Renters...
Now cheaper to buy than to rent
Research by Rightmove underscores the ongoing trend where buying has become more financially advantageous than renting...
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