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More money made available for disability adaptations
Landlords can access the funding from the local authority Disabled Facilities Grant, providing they have a tenant living in the property that requires the adaptation. Currently, DFG’s can be used to fund up to £30,000 towards adaptation in any one...
Growing trend for landlords in the capital to include mortgage review clauses in tenancies
A growing trend for landlords in the capital to include rent review clauses in tenancies has been labelled “unfair and coercive”. The new practice among London letting agents is being driven directly by their landlords, according to The i, which...
Government targets for making properties more energy efficient has been rejected
During a debate in the House of Lords on the Energy Bill, Energy Security and Net Zero Minister Lord Callanan said an amendment placing a duty on the government to publish a plan for delivering specific targets on low-carbon heat and...
Plans to cancel homebuilding pollution rules defeated
The House of Lords has blocked the UK government's plan to relax restrictions on water pollution to encourage housebuilding in England. See our previous report on this here Labour led a rebellion in the Lords on Wednesday to defeat the...
Sluggish housing market with little sign of any relief in prospect – RICS report
The property sales market is set to continue to suffer with little prospect of a pick-up in the near future, RICS have reported - see here A survey indicator for house prices nationally last month continued to fall from -55 in July, to -68, marking...
Energy Bill Support
Households could save up to £400 a year on energy bills under a new means-tested scheme to insulate more than 300,000 of Great Britain’s draughtiest homes. The government is spending £1bn on grants for homes that have low energy efficiency ratings...
Tories responsible for buy to let problems, says top agent
Landlords are reducing their stock - and they’re blaming the Tories for creating a hostile environment.This is according to the latest research by London lettings agency Benham and Reeves which compared the size of investors’ portfolios between the...
Brighton wants to license 23,000 properties
Brighton & Hove Council hopes to introduce a huge selective licensing scheme that would eventually cover 17 of the city’s 23 wards. See more details here. Councillors are set to give the go-ahead for a consultation into plans to introduce the...
Tenants are considering leaving the UK to escape the escalating rents
A survey by the platform SpareRoom has revealed that 72% of renters in the UK are either actively searching (46%) for new accommodation in different areas or contemplating it (26%) due to the unprecedented surge in rental costs. 7% of those...
Landlords in wealthy London boroughs feel the pinch as Chinese students ditch UK
Landlords in wealthy London boroughs are feeling the pinch from international students choosing to study outside the UK, as rents in premium postcodes showed signs of slowing. The average rental value growth in prime central London (PCL) – which...
Student market could be badly affected by Bill, says landlord group
In a paper regarding the impact of the Renters Reform Bill on the student market, York‘s Residential Landlord Association believes moving from fixed-term tenancies to periodic tenancies might prompt landlords to offer licences by providing...
Rents are now cheaper than mortgages
Under the heading 'Rents are now cheaper than mortgages so should first-time buyers hold off?' This is Money are looking at the case for first time buyers to continue renting, rather than buying. It can be seen here, and shows the following graphic...
Leasehold system needs ‘root and branch reform’
Leaseholders have told LBC they’re being intimidated by building owners to pay unfairly extortionate costs, after they appoint their own companies to manage and maintain their property. Listen to this article
Is buy-to-let the punching bag of the industry?
Mortgage Introducer has spoken with experts to identify the trials and tribulations buy-to-let landlords are currently undergoing - the report can be seen here, saying ' Ross McMillan, owner and mortgage adviser at Blue Fish Mortgage Solutions,...
Pressure on landlords will force rents to rise four times as fast as house prices
The Telegraph are reporting that 'Rents will jump by a quarter across Britain in just four years, significantly outstripping house price growth, forecasting suggests. Rising interest rates will continue to pile pressure on landlords with...
Propertymark calls on Government for tax policies to incentivise landlords
Propertymark has called for the Government to review the impact of tax and financial changes on landlords. The trade body analysed the impact of changes to the private rented sector (PRS) using data from members and other private and public sector...
Landlords demand ‘pet references’ with photos and bios of dogs and cats after Covid boom
The i is reporting that Renters ‘crafting detailed paragraphs about pets, outlining their behaviours and temperaments. in bid to secure a property The whole article can be seen here (subscription may be necessary), and goes on to say that Landlords...
How do UK rental laws compare with other countries?
In a recent survey, Your Overseas Home discovered that around a fifth of those moving abroad were planning to rent before buying. And they have highlighted some of the ways that renting and letting a property can vary across Europe: 1.Germany -...
London council to buy rental property
Newham council is planning to buy up properties where tenants have been threatened with eviction because the landlord no longer wants to let the property as temporary accommodation. Their preventative eviction acquisition programme – to be...
Some mortgages are now tied to the EPC rating
Paragon Bank has recently reduced its rates, but the best rates are only available to properties with better energy rating. Paragon’s 70 per cent LTV two-year fixed rate product, now priced at 4.59 per cent is available to portfolio landlords for...
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LATEST NEWS
Mortgage Advice Bureau Market Review
In their accounts for the year to 3 December 2023, Mortgage Advice Bureau provided the following market review: Market...
Government intervention in London housing market
The Housing Secretary, Michael Gove, has taken the unusual step of intervening in the London Plan to address housing...
Three council tenants awarded a total of £40,000
Three council tenants have been awarded a total of £40,000 by the Housing Ombudsman due to unacceptable living...
Right to Rent fines increase by 405%
The Right to Rent regulations in England have led to a significant increase in fines for landlords and letting agents...
PM lights the (gas) burner under the green agenda
12/3/24 Rishi Sunak risks further criticism from green campaigners after throwing his weight behind the building of...
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