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How the Government’s mini-budget affects landlords

The much anticipated mini-budget from the new Chancellor Kwasi Kwarteng delivered a few surprises for landlords.
Income tax rates have been changed and there is a cut to stamp duty.
However, one critic says the government has missed an opportunity to h…

Shelter calls for the unfreezing of housing benefit

Nearly 1.1 million private renters in England – that’s one in seven – had their rent increased in the last month, a report from Shelter reveals.
The charity’s research shows millions of private tenants are ‘stretched to breaking point’ and …

First time buyers to continue renting for two extra years

The homebuying dream for first-time buyers (FTBs) has been delayed by nearly two years due to the cost-of-living crisis, research reveals.
This means that most of those trying to save for a home of their own will have to continue renting.

Demand for ‘bills included’ rental properties goes up in London

Demand for rental homes across the capital with bills included within the cost of renting has climbed considerably since April, research reveals.
The findings from lettings and estate agent, Benham and Reeves, however, highlights that tenants are still…

Bank of England increases interest rate to 2.25%

The Bank of England has increased interest rates in the UK by 0.5 percentage points, to 2.25% – that’s the highest level for 14 years.
The move has been made in a bid to tackle soaring prices and the rates are now at their highest since 200…

Bank of England increases interest rate to 2.25%

The Bank of England has increased interest rates in the UK by 0.5 percentage points, to 2.25% – that’s the highest level for 14 years.
The move has been made in a bid to tackle soaring prices and the rates are now at their highest since 200…

Regulator of Social Housing to introduce tenant satisfaction measures

The Regulator of Social Housing (RSH) has revealed that all registered providers of social housing will need to collect and publish information on repairs, safety checks and complaints.
The move follows a consultation on tenant satisfaction measures (T…

Commercial landlords are unaware of EPC changes

Nearly two-fifths (39%) of commercial landlords are unaware of new standards on Energy Performance Certificates (EPCs) coming into force in April 2023, new research reveals.
The findings from property business experts Handelsbanken highlight the confus…

All-inclusive tenants WILL get £400 energy bill rebate

Landlords will have to pass on a £400 energy rebate to their tenants who are paying rent with their bills included, the government has revealed.
The move is part of the government’s help to deal with soaring energy bills and various charities have voic…

August’s house sales grew by 7.6% – and a stamp duty cut is mooted

The number of house sales in August was 7.6% higher than in the same month in 2021, HMRC has revealed.
The data shows that house sales were also 1.7% higher than in July.
The figures are provisional seasonally adjusted estimates of the UK’s resid…

A landlords welcome guide for new tenants

Giving your tenants a welcome pack will set expectations & ground rules early and could save you a lot of time and money during the tenancy period. You can guarantee that not every tenant is going to understand what their responsibilities are strai…

25% of borrowers will struggle if interest rates hit 5%

A quarter of borrowers will not be able to afford their mortgage if interest rates hit 5%, a survey has revealed.
With interest rates widely predicted to rise tomorrow (Thursday), it will be the seventh rise since December.

Plight of Scottish tenants revealed as housing crisis deepens

The housing crisis in the Scottish Private Rental Sector (PRS) is rapidly worsening, leaving thousands of tenants in a desperate situation as they are unable to find accommodation.
That’s the view of the Belvoir Group and the firm’s Andrew …

Private rents are ‘stubbornly high’ as homes get smaller

Rents as a share of income have remained stubbornly high while the average floor space per private renter in England has fallen by 16% over the past 20 years, research reveals.
According to Resolution Foundation research, the lost floor space equates t…

Government approves UK’s largest Selective Licensing Scheme

The Department of Levelling Up, Housing and Communities have given the go-ahead for the UK’s biggest Selective Licensing Scheme that will cover up to 50,000 homes.
The permission has been given to Birmingham City Council to cover all private rent…

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