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News

UK house prices take a dramatic drop

House prices in November took a downward shift with a decrease of 4.6%.
According to Acadata House Price Index, completed home transactions using cash or mortgages in England and Wales are at their lowest level in 17 years.

Renters face affordability crisis despite LHA boost

Low-income renters in England will struggle to afford their homes even after the government’s recent benefit boost, a campaign group has warned.
Generation Rent said that the increase in Local Housing Allowance (LHA) announced by Jeremy Hunt in t…

Snooping on benefit bank accounts (including landlords?)

Hello, benefit claimants will reportedly have their bank accounts monitored under new “Big Brother” anti-fraud plans drawn up by the UK government.
The law change was introduced in the Chancellor’s Autumn Statement. According to reports, be…

Autumn Statement 2023 Reveals Big News for Property Investors

The Autumn Statement 2023 reveals some fantastic news for property investors and developers including a brand new permitted development (PD) right to allow a house to be converted into two flats.
Join Ranjan Bhattacharya as he discusses all this and mo…

Property sector anticipates the government’s Autumn Statement

With the government’s Autumn Statement tomorrow, the property sector is keenly awaiting the Chancellor’s key announcements.
Many in the sector are hoping housing will be at the front of the agenda and some tax cuts for landlords will be on the c…

Industry expert urges Chancellor to help landlords and tenants in Autumn Statement

The Chancellor will unveil his Autumn statement next week and one industry expert is urging for “swift and specific” measures to help landlords and tenants.
Neil Cobbold, the managing director of PayProp UK, is calling on Jeremy Hunt to reduce taxes f…

Londoners face homelessness crisis due to housing benefit freeze

Up to 60,000 Londoners who rent privately are at risk of becoming homeless in the next six years unless the government increases the housing benefit they receive, a new report warns.
The report, commissioned by London Councils, a cross-party group repr…

Councils spend £1.74 billion on temporary accommodation for the homeless

The Local Government Association (LGA) has warned that homelessness has reached record levels, with 104,000 households living in temporary accommodation at the end of March 2023.
This is an 89% increase over the past decade and the highest figure sinc…

The Autumn Statement – property sector reacts

The much-anticipated Autumn Statement has seen the Chancellor of the Exchequer, Jeremy Hunt, delivering a mixed bag of tax rises and policy changes.
And now the property sector has seen what the potential impact of it will be – and not everyone is happ…

Autumn Statement 2022 – Landlord Reactions

The Chancellor of the Exchequer, Jeremy Hunt, has today announced his Stealthy tax threshold increasing budget today in a plan to preserve stability, promote growth and protect public services.
Whilst on the face of it not as severe as many predicted H…

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