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Welsh Conservative warns: “Nightmare legislation” driving good landlords away

A wave of “nightmare legislation” is driving many good landlords out of the rental sector in Wales, warns Welsh Conservative MS Janet Finch-Saunders.
She warns without urgent action, tenants will be forced to live in temporary accommodation.

Welsh Government considers abolishing LTT Multiple Dwellings Relief

Landlords in Wales need to know about a Welsh Government consultation for the public to give its views on changes to the Land Transaction Tax (LTT).
The consultation focuses on two main proposals: abolishing relief for purchases of multiple dwellings …

Housing market shows signs of slow recovery

There are signs of a slow recovery in the UK’s housing market with the average house price in England and Wales increasing by a modest 0.1% in February to £361,368.
According to a new report by chartered surveyors e.surv

UK rental yields are on the rise – Fleet

There has been a 0.4% rise in the total average yield for England and Wales, reaching 7.1% in the first quarter of 2024, a buy to let rental index reveals.
According to Fleet Mortgages, despite a 0.4% drop in yield for landlords in the North East

UK house price growth slows after five months of rises

UK house prices continued to rise year-on-year in March, although the pace of growth slowed compared to the previous month, Halifax reveals.
Its house price index shows that annual property price growth came in at 0.3%

Call for rent cap in Wales to help key workers

A rent cap is needed in Wales to help essential workers struggling to find affordable housing, Generation Rent says.
It warns that a one-bedroom flat in Cardiff accounts for 48% of a teaching assistant’s salary.
The campaign group says this highl…

Propertymark calls for better landlord support in Wales

Propertymark is urging the Welsh Government to learn from Scotland’s experience with legislative changes in the private rented sector (PRS) with increased support for landlords to understand and follow new regulations.
Speaking at the Local Gover…

Council buys and renovates homes for homeless families

Homeless families in one Welsh area will benefit from a new housing scheme launched by the local council, which has bought and renovated 17 properties with the help of Welsh Government funding.
Caerphilly County Borough Council has used the Transitiona…

Wales tops BTL lender’s rental yield chart

The latest rental barometer from Fleet Mortgages reveals that Wales has overtaken the North East as the region with the highest rental yield in England and Wales.
The report, which covers the fourth quarter of 2023, compares the rental yield changes in…

UK house prices plunge at the fastest pace in 13 years

The UK property market saw the average house price drop by 2.1% in the year to November, data from the Office for National Statistics (ONS) reveals.
This was the third month in a row that house prices declined

Tenants see rents hit record highs in 2023 – ONS

Tenants in the UK are feeling the pinch as private rent prices reached record highs in the year to December 2023, the Office for National Statistics (ONS) reveals.
The ONS reports that rents rose by 6.2% last year

Welsh Government urged to include existing flats in fire safety reforms

The Welsh Government has launched a consultation on new fire safety regulations for high-rise buildings, following the ban on some combustible materials in 2018.
The new rules would cover more materials, buildings and emergency systems, but they would…

Private landlords can help end homelessness in Wales – Propertymark

Propertymark has responded to a Welsh Government White Paper on Ending Homelessness which outlines its plans to reform the legislation on homelessness prevention.
The organisation has expressed its support for some of the key proposals, while also high…

Rents fall slightly in December to offer tenants ‘a minor win’

The UK’s rents for new tenancies dipped by 0.9% in December 2023, reaching £1,268 which is still 8.01% more than the same month in 2022, the HomeLet rental index reveals.
The average rent, excluding London, was £1,061, a 0.5% decline from Novembe…

What’s the legal course for a tenant who wasn’t given a proper legal contract?

Hello, I am a new landlord. I have learnt from a prospective tenant in Wales that the current landlord has given him a typed-out one-pager contract for a room in a shared house in Wales and his deposit is NOT being protected.

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