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HMRC reports fall in property transactions
Official data from HM Revenue & Customs showed a significant decline in UK residential property transactions for October. There were 90,920 residential transactions - a 2% drop from September and a 17% decrease from October last year....
Nationwide reports house prices rose in October
The latest Nationwide survey showed that house prices unexpectedly rose again last month. House prices were up 0.2% on the month following a 0.9% increase in October. This was the third monthly rise in a row and ahead of expectations for a 0.4%...
Trade body crticises government housing failures.
The Short Term Accommodation Association (STAA), a trade body representing short lets operators, has criticised the government for its alleged failures in addressing housing issues. Here are the key points: Housing Potential: The STAA claims to...
Scotland’s rent cap disaster – a warning to landlords and tenant groups everywhere
Writing in Propert118, the Landlord Crusader looks at the rent cap in Scotland, concluding it has has led to higher rents, which he says will be a story ignored by the likes of Shelter, Generation Rent and Acorn. The article can be seen here,...
What is happening in the UK property market?
Property Industry Eye has published an article, and video by Chris Watkins from UK Property Market, Stats Show. It can be seen here, and is generally upbeat.
The London Mayor is calling for tougher sanctions for private landlords who let out mouldy homes in the capital.
Under the impression landlords are always responsible for mouldy homes wants to see rent rebates doubled if landlords fail to fix mouldy and draughty homes in London - see here. As part of the mayor’s measures, Rent Repayment Orders – legal orders...
How would YOU fix the housing market?
Under the heading 'How would YOU fix the housing market? We ask property expert Jeremy Leaf' This is Money published an article that started 'Whether it's unaffordable house prices, rising mortgage rates, soaring rents or increased levels of...
Leasehold and Freehold Reform Bill starts its journey
The Leasehold and Freehold Reform Bill has had its first reading in the Commons, hailed by housing secretary Michael Gove as a “landmark moment for millions”. Adding 'People work hard to own a home. But for far too long too many have been denied...
Jeremy Hunt accused of sleight of hand over tax
Whilst he announced uprating of the Local Housing Allowance (LHA) to the relief of many, the Capital Gains Tax (CGT) allowance was more than halved in the new tax year to £6,000, however from next year it will be reduced again by £3,000. Samuel Gee...
Rise in EU citizens refused entry since Brexit
The Guardian are reporting that 'The number of EU citizens refused entry to the UK since Brexit has increased fivefold, Home Office figures show.' See here. Especially worrying is the report that some EU people who have a genuine reason to be...
Should you use a letting agent
The Telegraph Money Section, has published an article on a married couple who have built up a portfolio of nine properties that produces a net income of about £60,000 a year. Being as they both have full time jobs, they have used letting agents to...
First-time buyers outnumber owners moving home in this area
The Telegraph have published an article on Croydon - 'where flats sell for an average of £289,422, according to Rightmove, far less than other more central parts of London – is one of 22 local authorities that are attracting so many first-time...
iHowz helps launch group committed to fairer renting
iHowz has joined forces with Propertymark to collaborate with other leading sector organisations, forums and landlord associations to coordinate the launch of a new group committed to fairer renting. The Housing Coalition held its first meeting...
iHowz is working for fairer reform for all Renters.
iHowz Landlord Association were delighted to be able to host a briefing to MPs and Lords, in the House of Commons, to investigate ways of retaining no-fault evictions, to help protect tenants and landlords alike. iHowz is proposing a set of reforms...
Portfolio landlords continue to expand, research finds
Shawbrook Bank have surveyed more than 1,000 residential landlords and found that 88% of portfolio landlords had grown their portfolios in the past six months. See their report here. In it they found that: 88% of portfolio landlords have added to...
Pro-tenant activist bodies have accused landlords without mortgages of “cashing in.”
The Guardian has just published an article accusing 'More than two-thirds of mortgage-free landlords raised the cost of new rental agreements in the last year despite being unaffected by interest rate rises, according to research on alleged...
Buying Spree! Vast majority of portfolio landlords have bought property
Landlord Today is reporting on a survey concluded by Shawbrooks Bank that starts 'No fewer than 88 per cent of portfolio landlords have added to their portfolios in the last six months, despite market uncertainty' It can be seen here, and goes on...
Time to Call Your Mortgage Broker
Following the recent Bank of England's second base rate freeze and this week's fall in inflation rates for both the UK (4.6% from 6.7%) and the US (3.2% from 3.7%), the Autumn Statement will provide further clues on whether we can expect the new...
No end in sight for court chaos
New data released by the Ministry of Justice (MOJ), reveals it takes an average of almost 29 weeks between a private landlord making a legitimate possession claim to the courts and actually getting the property back. The figures also show it takes...
Landlords confidence is increasing
Landlord confidence has improved over the course of the past quarter according to a quarterly survey. The research, titled Q3 2023 BVA BDRC Landlord Panel research report, showed a landlord community “responding positively” to an increase in...
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LATEST NEWS
Be careful of quick rich schemes
Glenn Armstrong, self-proclaimed 'millionaire maker,' runs the Property Millionaire Academy and offers various...
Generation Rent backs rent control
The Generation Rent activist group is placing significant emphasis on the upcoming Metro Mayor elections, seeing them...
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...
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...
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...
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