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John Lewis press ahead with their private rental initiative
John Lewis Partnership, has named a new director of property to lead its controversial Build To Rent initiative. Martin Gafsen will take up the post on November 13; he was property and facilities director for the Royal Mail Group for 16 years, with...
Starmer’s proposed planning reforms welcomed by the profession
The built environment profession has broadly welcomed Labour’s plans to overhaul the planning system and deliver the next new towns In his speech this week (10 October) to the Labour Party conference, leader Keir Starmer said that his government...
Leasehold To Be Abolished In 100 Days?
Labour stated that they intend abolish leaseholds within 100 days of achieving power. The Conservatives had considered this, but it was reported that this idea had been dropped - see report. The problem is that it is complicated. It is a good idea...
Agents concerned about claims following leasehold buildings insurance reforms
Following new Financial Conduct Authority (FCA) leasehold buildings insurance reforms, managing agents face the prospect of action from leaseholders, as new legislation outlawing the historic practices of managing agents in relation to insurance...
Build to Rent chairman comments on landlords exiting the market
Steve Smith, Chairman of PRS REIT, which has the largest portfolio of single-family rental homes in the UK [5,500], made the following comments in the company's year end report:. "The portfolio's outstanding asset performance to date demonstrates...
Brighton & Hove City Council consultation on new property licensing schemes
Brighton & Hove City Council consultation on new property licensing schemes - Additional Housing in Multiple Occupation (HMO) and Selective Licensing The council has launched a public consultation on proposals to introduce new property...
Labour plans to end ‘feudal’ leasehold system
The Labour Party has vowed to abolish leasehold in the first 100 days of government if it wins the next General Election. Housing secretary Michael Gove previously promised to introduce legislation to “fundamentally reform” the leasehold system,...
The Conservatives hate landlords – Pass it on
Property118 is running a blog stating 'The Conservative Party used to be the party of property ownership and free enterprise, but its recent policies on housing have betrayed its core values and its loyal supporters.' It can be seen here.
Smaller towns and cities drive student rental returns growth, says Paragon Bank
Yields achieved by landlords letting to students have steadily increased from an average of 5.63% recorded in September 2020 to 6.66% in August 2023, according to new analysis by Paragon Bank. The research revealed that the greatest returns are...
Building firms criticise Sunak for reversing green policies
More than 100 leading companies urge PM to reinstate net zero measures to avoid hardship for many. Some of the UK’s biggest construction companies, property developers and estate agencies have written to Rishi Sunak to warn that his weakening and...
5 reasons why self builders & renovators can benefit from the construction slowdown
Prior to the forthcoming National Self Build & Renovation Show the organisers have issued a statement on the 5 reasons why self builders & renovators can benefit from the construction slowdown. It says they are: Availability of Land In the...
UK house prices more resilient than expected, says Halifax
The average UK house price fell by 0.4% in September, but it remains higher than the level recorded in the month that the Bank of England started its run of rate rises, according to the Halifax House Price index which can be seen here. On a...
Tenants to be able to force landlords to improve the energy efficiency of homes – proposal
The Green Party wants legislation that would give tenants the powers to force an EPC upgrade on landlords, and that rent controls - already implemented in Scotland where Greens are in an alliance with the Scottish National Party - would prevent...
Do you run a company?
You need to be aware of maternity law changes. On 24 July, a new law around redundancy and maternity leave came into force (though won't be enforced right away), and Citation have put this convenient guide together.
TDS says deposit values and disputes increasing
The TDS group has published its annual Statistical Briefings pull together information from a variety of sources including Freedom of Information (FOI) data and statistics gathered by experts at Tenancy Deposit Scheme (TDS). The TDS report can be...
Labour will deliver rental reform and abolish Section 21
Labour’s Angela Raynor, speaking at the Party’s conference in Liverpool told delegates: “We will provide stability and certainty for the affordable and social housing market so there is confidence to invest. “Affordable, social and council houses...
Labour pledges biggest affordable housing boost ‘in a generation’
Party would crack down on developers trying to “wriggle out of their responsibilities”, Angela Rayner says Labour would oversee the biggest boost in affordable and social housing “in a generation”, the party’s deputy leader has said. Angela Rayner...
A coalition of renting pressure groups unveils a manifesto that calls for sweeping changes in the private rented sector
A coalition of tenant friendly groups has published its manifesto - which can be seen here. It calls for: rent controls, open-ended tenancies, an end to fixed-term tenancies ‘fair’ four-month notice periods, an end to Section 21 landlords should...
Labour sets target of 1.5m new homes over five years
Speaking to BBC One’s Sunday with Laura Kuenssberg at the start of Labour’s annual conference in Liverpool, Starmer said his party would set a target of 1.5m new homes over five years, and would strengthen guidance to ensure developers included...
Landlord dubbed ‘Britain’s worst’ given longest ban on letting properties in country
'Britain's worst landlord' has been given the longest ban on letting properties in the country after renting out 'dangerous' houses. Nilendu Das, 55, has a 'long history of operating and managing extremely poor quality housing', and was once jailed...
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LATEST NEWS
Time for Government to Fix the Energy Crisis
Britain is producing the smallest amount of energy on record as a plunge in North Sea fossil fuels leaves the country...
BPF warns of potential disaster
Ian Fletcher, director of policy at the British Property Federation, asserts that the abolition of Section 21...
Leasehold reform: government undecided on ‘peppercorn’ ground rent
The Law Society Gazette is reporting on the government's pledge to slash ground rents for leaseholders has been met...
Brighton consulting on housing strategy
Brighton & Hove City Council is consulting on a draft housing strategy which outlines their proposed housing...
Think Tank says UK housing worst value
Analysis by the Resolution Foundation highlights several key issues with the UK's housing stock when compared to other...
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