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Government approves above-inflation council tax rises
The Guardian has reported that the government has approved for above-inflation council tax rises, which is expected to generate an additional £2 billion in revenue. The article can be read here, and in summary: Council Tax Rises Approved: The...
Joseph Rowntree Foundation report underlines the level of poverty
The Joseph Rowntree Foundation has published its annual UK Poverty report which outlines a concerning situation of poverty in the UK, emphasizing the challenges faced by various demographic groups and regions. It also suggests a need for...
Council tax to double for empty homes and second homes
Brighton and Hove City Council has decided to double council tax for second homes and empty properties starting from the 2025-26 financial year. The decision, made at a committee meeting, was enabled by the Levelling Up and Regeneration Act 2023,...
Airbnb shares hosting data with the tax man
Airbnb's has committed to sharing hosting data with HMRC (Her Majesty's Revenue and Customs) to ensure hosts pay their fair share of taxes: Continued Data Sharing: Airbnb has stated that it will continue to share hosting data with HMRC. This...
Latest Zoopla House Price Index
The latest data from Zoopla outlines positive trends in the UK housing market. Here's a summary: Increased Buyer Demand: Buyer demand in the UK has risen by 12%, contributing to a resurgence in the housing market. This demand is spread across all...
‘Save the tenancy – don’t serve notice.’ – message from council
In a message to landlords and tenants to Torbay council encourage collaborate to prevent homelessness. Here's a summary: Message to Landlords: The council is sending a message to landlords with the slogan 'Save the tenancy – don't serve notice.'...
Property sales down; property buyers down
A recent report by Propertymark on the state of the housing market in Britain shows:: Decline in Property Sales: The number of property sales continued to decrease at the end of the previous year. Reduced New Property Listings: There was a...
Seven tax attacks to beware of when you move from the basic rate to higher rate tax band
Landlord Today has published an article by Sarah Coles, head of personal finance at Hargreaves Lansdown, on expert tax info for landlords. The article can be read in full here, and provides information on seven tax traps that individuals may face...
Gravesham Council Warns Landlords
Gravesham council is urging landlords of Houses in Multiple Occupation (HMOs) to meet their legal responsibilities ahead of planned checks later in the year. This is ahead of an HMO Amnesty campaign running from 22 January 2024 to 22 March 2024...
Paragon reports
In their latest trading update, Paragon Banking Group reported: "We have seen an encouraging start to the financial year with improved customer sentiment leading to rising enquiry levels. We expect this to translate to improving volumes as the year...
Report of new builds in England – July to September 2023
The Government has just published its quarterly report ‘Housing supply: indicators of new supply, England' for July to September 2023. The full report can be seen here, and it provides a comprehensive update on new building regulatory standards and...
Foxtons expects growth in 2024
Foxtons has recently reported its latest results. They have pivoted towards lettings in recent years, with acquisitions, so at 70% of revenues that makes them a lot less cyclical than before. In their recent report they stated: "Lettings is...
Mortgage Advice Bureau trading update
Mortgage Advice Bureau (MAB) has issued a trading update for the year ended December 31, 2023, ahead of its final results publication on March 19, 2024. The Group now expects to report an adjusted profit before tax that is slightly ahead of the...
Divorces causing 82% increase in quick sale stock reaching the market
A recent study by Open Property Group indicates that there has been an 82% increase year on year in the number of sellers looking for a quick sale in England. The research found 3,543 homes currently listed for sale, specifically stating the need...
HMRC Warning as Thousands of Landlords Risk Missing Tax Deadline
HM Revenue and Customs says that its latest data - one week ahead of the January 31 Self Assessment deadline - shows 3.8m people yet to file their tax return. Many thousands are believed to be landlords. HMRC says it’s expecting more than 12.1m tax...
Index of Private Housing Rental Prices: December 2023
The Office for National Statistics has published its index tracking the prices paid for renting property from private landlords in the UK. It shows that: Private rental prices paid by tenants in the UK rose by 6.2 per cent in the 12 months to...
New regulations commence for the Building Safety Act 2022
These Regulations bring into force on 16 January 2024 the following sections in Part 4 of the Building Safety Act 2022: sections 79 to 82 which impose requirements with regard to registration of occupied higher-risk buildings and obtaining and...
Survey launched into Housing for disabled people.
The House of Commons Levelling Up, Housing and Communities (LUHC) Committee has launched an online survey for its inquiry into what the Government can do to ensure disabled people have access to accessible and adaptable housing in England. The...
Financial Distress in Property and Real Estate Businesses
A Begbies Traynor Red Flag Alert report warns that more than 60,000 property and real estate businesses in the UK are starting the year in "financial distress." The report, which can be seen here, analyzes corporate distress signals, reveals that...
Critique of Michael Gove’s Proposed Ground Rent Reforms
Writing in Property Industry Eye, under the headline 'Gove’s naïve plans for leasehold reform will only exacerbate UK’s housing crisis', Mick Platt, director of The Residential Freehold Association, criticizes Michael Gove, saying that his proposed...
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LATEST NEWS
Call for collaborative approach to improve the private rental sector
The Lettings Industry Council (TLIC) is advocating for a collaborative approach to improve the private rental sector,...
New report from Hamptons
Here's a summary of the key points from the report by lettings agency Hamptons: Slowed Rental Growth: Despite a...
Reader poll: Are house prices falling?
It seems there's a significant divergence of opinions regarding the direction of house prices, with a notable portion...
Why a Base Rate Cut Won’t Necessarily Make Your Mortgage Cheaper
MFB (previously Mortgage for Business) has released a statement on why they believe 'Why a Base Rate Cut Won’t...
UK Housing Price Index released
The UK Housing Price Index has just been released, and the headline statistics for February 2024 regarding UK property...
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