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Hints of housing measures in the budget
Housing Secretary Michael Gove has hinted at the possibility of housing measures being included in the upcoming Spring Budget, scheduled to be delivered by Chancellor Jeremy Hunt on March 6. With Stamp Duty cuts being a priority for many in the...
Government to build more affordable homes
The UK government has announced a £3 billion increase in funding for the Affordable Homes Scheme, aimed at facilitating the construction of 20,000 new affordable homes across the country. This expansion of the scheme, which provides low-cost loans...
Tax – will Jeremy Hunt target stamp duty in his Budget?
Writing in the Landlord Today, Adrian Lowery, financial analyst at leading wealth management firm Evelyn Partners questions what the Chancellor might do in the budget on March 6th with stamp duty. It can be seen here, stating that the Stamp Duty...
Is a change of government Starmergeddon for Britain’s landlords?
Writing in Landlord Today, Marc von Grundherr, Director of Benham & Reeves Lettings and Estate Agents, looks at the possible outcome of a Labour Government. It can be seen here, and and provides a comprehensive overview of the potential...
Licensing schemes look to substantially increase
A surge in property licensing schemes and consultations in the UK in 2024, as reported by Kamma, indicates a shifting landscape for landlords and letting agents. With a record number of new schemes and consultations, 2024 is poised to surpass the...
Tenants are seeking eco-friendly features
A survey conducted by NatWest and S&P Global highlights a significant demand among renters in the UK for landlords to improve the sustainability of rental properties. With 75 percent of renters expressing this desire, there's a clear indication...
Prime Minister criticises Council Tax rises
Rishi Sunak has voiced criticism towards local councils in England for proposing council tax increases exceeding 5%, even as many authorities grapple with funding shortfalls, pushing some to the brink of bankruptcy. The Prime Minister's comments...
Council-owned company evicts tenants to repay £18m council debt
Tenants of NCH Enterprises, a council-owned company managing housing stock in Nottingham, are facing eviction as the company seeks to sell 44 properties to repay a £18 million debt owed to Nottingham City Council. This debt arose from NCH's illegal...
temporary licensing requirements for asylum seeker accommodation scrapped
The Government has decided to scrap plans to temporarily remove licensing requirements for asylum seeker accommodation following a High Court challenge from refugees. This "last-minute" reversal by ministers came to light during a hearing in...
Court system is failing landlords wanting to evict tenants
Property118 has highlighted the problems that the UK's court system inefficiencies and backlogs are creating significant challenges for landlords seeking to regain possession of their properties from tenants who have breached their tenancies or...
Rise in fraudulent applications being seen
The surge in fraudulent tenancy applications reported by Homelet underscores the growing challenges in the rental market, particularly in regions like the East of England, London, South East, and Wales. As rents continue to rise above the rate of...
Fall in new home registrations is creating crisis for the sector
Writing in Estate Agent Today, Jonathan Rolande has an opinion piece in which he says that the recent sharp decline in new home registrations, as reported by the National House Building Council, is indeed a cause for concern. With a 44 percent...
Many landlords have mortgage arrears with the danger of re-possession
The latest data from UK Finance reveals concerning trends in the buy-to-let (BTL) mortgage market, with an 18 percent increase in arrears compared to the previous quarter. BTL mortgage arrears, defined as 2.5 percent or more of the outstanding...
Leasehold reform: ‘forfeiture remains the most mafia-like element of leasehold law’
The case of a London leaseholder facing potential forfeiture of her flat due to unpaid service charges, despite her ongoing dispute over the legitimacy of those charges, has once again brought attention to the predatory tactics employed by some...
Mortgage Arrears continue to rise
Latest UK Finance figs. Number of people in arrears on their mortgage increased by 5,750 in the final three months of 2023. Total now 93,680 – up 25% over the past year. Buy-to-let mortgage arrears up by 124% year on year. Except these numbers to...
Some home truths about the plight of the UK’s growing army of renters
Writing in the Law Gazette, Maria Shahid, a freelance journalist gives what she says is 'the low down' It can be seen here, and starts: The low down 'Problems in the private rented sector regularly hit the headlines. Rents have soared as home...
London Mayor announces new rough sleeping services
the London Mayor Sadiq Khan HAS announced a further expansion of services to help rough sleepers. New figures show that more than 1,200 rough sleepers were helped into emergency accommodation through the Severe Weather Emergency Protocol (SWEP) in...
Broadband exit fees in the PRS
Uswitch reported the results of a study which found that nearly half of UK renters (47 per cent) wish broadband contracts were better suited to their needs. Just over 4.6 million households live in the private rented sector in England, representing...
Labour pledges to extend Awaab’s Law to private renting
Angela Rayner said that a future Labour government would compel landlords in the private rented sector to eradicate mould and household hazards in a strict timeframe. The current proposals, on which the government is consulting, would apply only to...
Haringey invests more than £3million to support street homelessness
Haringey Borough Council is investing over £3 million to support street homelessness in the area. The funding, provided by the Mayor’s Single Homelessness Accommodation Programme (SHAP), will be used to acquire additional homes and provide revenue...
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LATEST NEWS
Tenants are staying longer
The Deposit Protection Service (DPS) reports that renters are now staying in their properties for a third longer than...
Have rents peaked?
The chief executive of Winkworth, one of Britain’s largest franchise agency chains, Dominic Agace, has raised concerns...
ONS Housing Data
The annual decline in UK house prices slowed to 0.2% in February, marking its lowest rate of decrease in eight months,...
Mixed messages from the new-build sector
The quarterly assessment by investment platform easyMoney indicates a potential upswing in the new-build property...
New National Infrastructure Planning Guidance announced
The Planning Act 2008, along with subsequent amendments such as the Localism Act 2011, the Growth and Infrastructure...
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