A London council is pushing forward with a controversial new selective licensing scheme, despite previously continuing to process applications months after the original scheme had expired.
Hackney Council has proposed implementing a new selective licen…
The Scottish Housing Bill has passed stage two of scrutiny by a cross-party committee of MSPs.
More than 600 amendments were proposed, one of the highest totals for any legislation in the Scottish Parliament’s history.
One of the amendments agreed duri…
The UK’s house prices saw a slight drop of 0.4% in May, following a modest 0.3% rise in April, according to Halifax.
The average property price now stands at £296,648, down by £1,150 from £297,798 last month.
The UK’s increasing population and immigration levels are piling pressure on the private rented sector, the boss of Paragon Bank says.
And rather than seeing landlords leave the PRS for various reasons, the government should be encouraging landlo…
Pepper Money has unveiled a new House of Multiple Occupation (HMO) mortgage product for both limited companies and individual landlords.
It’s available for existing HMO houses with up to six bedrooms.
The move follows Pepper Money’s re-entr…
London’s PRS is experiencing a boost in available properties, providing tenants with greater choice and potentially less competition.
According to a study by Benham and Reeves, there are 40,067 rental homes currently listed across the capital.
Another batch of buy to let lenders have made changes to their landlord offerings with Market Financial Solutions reducing rates across its fixed-rate bridging loan portfolio.
Residential single loans now start at 0.70%.
The rate cuts extend to portfol…
Property investors are being urged to convert properties into HMOs to achieve higher yields.
According to Excellion Capital, purchasing a three to four-bed property and converting it into a six-bed HMO could cost a £512,340 in England, but the average…
Paragon Bank has reported a 25% rise in new buy to let lending for the first half of its financial year.
It reached £812.2 million compared to £649.3 million in the same period last year.
The surge
London Mayor Sadiq Khan has pledged to end rough sleeping by 2030, but an industry body warns the Renters’ Rights Bill could lead to an increase in homelessness.
Propertymark welcomes Mr Khan’s proposal to stop rough sleeping but urges the Mayor to sup…
With just a few of the more than 280 amendments being taken up for the Renters’ Rights Bill, more clarity on its impact is needed, says one industry leader.
Allison Thompson, the national lettings managing director at LRG
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