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Free webinar on Renters Reform Bill for student accommodation
A webinar is planned for Tuesday November 7 at 2pm specifically aimed at those operating in the student accommodation sector and will be discussing the impact on these businesses including student PRS landlords, PBSA operators, lettings agents,...
The 10 most profitable areas to buy property
Press release from Molo: The 10 most profitable areas to buy property Rank Region Location Gross Yield Avg. Monthly Rent Avg. Property Value 1 Wales Central Valleys 7.96% £697 £100,786 2 North East Hartlepool and Stockton-on-Tees 7.90% £592...
Foreign Investors still buying UK property.
London is the top global destination for Gulf Cooperation Council (GCC*) property investment despite market headwinds, according to a new report from the UK’s oldest and most successful Islamic Bank, Al Rayan Bank. The 2023 GCC Investment...
Labour loses Oxford council majority
Nine Labour Councilors have resigned from the party in protest against Labour's stance on the war in Gaza. In a statement, Councillor Coyne said: "That the Labour leadership continues to issue hollow statements as we watch a genocide unfold before...
Right to Rent Scheme Guidance Update
The Home Office has advised us of the following: We are writing to inform you that updated guidance for landlords (letting agents) has been published to reflect changes, regarding the High Court judgment, in December 2022, which brought...
Older tenants need more support
Older private renters must have their voices heard. That’s the view of Joanna Elson, chief executive of Independent Age, a national charity providing support for older people facing financial hardship. “Older renters in financial hardship...
MPs call to reinstate stricter energy efficiency rules for landlords
Last month Prime Minister Rishi Sunak scrapped plans aimed at forcing landlords to upgrade the energy efficiency of their properties. Although it had not officially become law, for years landlords have feared proposals to compel them to upgrade...
Landlords charged too much for agent renewal fees
Following a recent report in The Time (subscription may be necessary) Hello Neighbour, a platform that currently operates only in London and some other southern England areas, says of the over one million rental properties in the capital, an...
Landlord prosecuted over delay in removing cladding
Newham Council has been the first to issue proceedings against a large landlord that failed to meet a deadline of March 2021 to remove dangerous cladding.
Homelessness in England is up 6.8% on the previous year – with thousands in temporary housing | Euronews
Euronews is reporting at the increase in homelessness, and putting part of the blame on the increased use of the Section 21 notice, without stating that this may be a self-fulfilling action brought about by Government jinxing the landlord market...
Government considers help for first-time buyers
The BBC is reporting that the government is considering extending its mortgage guarantee scheme as part of measures to help first-time buyers in the upcoming Autumn Statement. See the announcement here.
HMRC hold webinars for new landlords
HM Revenue and Custoims is running a series of webinars aimed primarily at those new to earning income from property of all kinds. The next is on Thursday October 26 and will tell attendees about the Revenue’s definition of ‘income from property’,...
Are private landlords being ripped off by letting agent fees?
The Sunday Times has run an article on letting agent fees. It can be seen here (subscription may be necessary) starting 'Landlords are demanding an end to “simply unreasonable” upfront fees charged by some high street letting agencies to find...
Renters Reform Bill Summary
The House of Commons Library has published a summary of the Renters Reform Bill Summary. A summary can be seen here, with the full report here.
Section 21 – to be delayed
Commons Housing Select Committee which submitted a report to the Government on its concerns on part of the Renters Reform Bill. The Government have finally responded, which can be seen in full here, and states 'The government will not commence the...
Rightmove competitor OnTheMarket to get new owner
Online real estate company, CoStar, which is listed on the US Nasdaq, has made an agreed bid for the UK online agent, On The Market Assuming the bid goes through, it will put the near monopoly market leader, Rightmove, under pressure as the backing...
Crunch time for student buy-to-lets
The Financial Times has published an article on the threat of new legislation comes at a time of high interest rates and inflation. It can be seen here (subscription may be necessary) giving some background, and asking the question 'Landlords in...
Government to review rules governing Pooled Client Accounts
In a debate on Business Banking: Undesignated Client Accounts, the Government has resulted in assurances from HM Treasury that action will be taken to improve guidance and reform anti-money laundering procedures if necessary and end the unfair...
House prices will return to growth – Hamptons report
A recent report by Hamptons International says House prices to readjust over the next two years with return to growth in 2025. The report can be seen here and says: The cost of living squeeze and higher interest rates have overshadowed the housing...
Harlow Council is set to enforce stricter penalties on rogue private landlords
Essex TV have reported that Harlow Cabinet agreed to carry out 4-week public consultation on a new Private Rented Sector Housing Enforcement Policy. Following the consultation, the policy will go back to Cabinet later next month for adoption. The...
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LATEST NEWS
UK households urged to submit meter readings ahead of energy price cut
Submitting meter readings to energy suppliers is crucial this weekend to ensure that households benefit fully from the...
Housing affordability in England and Wales: 2023
The Office for National Statistics (ONS) has released data on house prices and annual earnings to calculate...
Private rent and house prices – UK: March 2024
The Office for National Statistics (ONS) has released the latest data on the Price Index of Private Rents (PIPR) and...
Renters in rural areas increasing faster than London
The County Councils Network has emphasized the need for a long-term plan for housing from the next government, citing...
Local Housing Allowance: Commons Committee calls for annual uprating
The Commons Work and Pensions Committee has published a report calling for the Government to introduce a new ‘uprating...
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