Rightmove: UK housing market set for more ‘normal’ 2022 after ‘frenetic’ record year
Property website Rightmove says the UK housing market is set to be closer to “normal” in 2022, following a “hectic” last 18 months. Estate agents and builders have seen high demand for properties during the pandemic, as people reassessed housing needs during lockdowns. Buyers were enticed by a stamp duty holiday, which has now come […]
Jailed! Tenant who punched, kicked and bit landlord
A lodger who punched, kicked and bit his landlord after being challenged about his drinking has been jailed. Mickey Boots punched the landlord in the face before kicking him and biting his nose after an argument about his drinking habits in August of this year. The police were called to reports of the disturbance and […]
Over three quarters of councils have seen a rise in landlords selling up
Councils are warning that housing waiting lists are rising due to an increase in landlords leaving the market, with a snap survey of district councils revealing that as many as 76% have seen an increase in landlords selling up properties. According to reports, shortages are particularly bad in councils areas popular with tourists, with landlords […]
Purplebricks “faces £30m payout over tenant deposits”
The Daily Telegraph is reporting that Purplebricks could face a bill of as much as £30m “after it put thousands of landlords at risk of being fined.” Purplebricks disputes the figure, saying it’s more likely to be a maximum of £9m. The newspaper says: “It is understood that since the online estate agent was founded […]
Landlords have plenty to consider as we head into 2022
I’m sure that many people who moved house in 2021 have faced the same challenge. Where to put that Christmas tree? After all, they always look far bigger after getting it home. Then there are the other decorations to find a home for and what about the outside lights, how big should we go? What […]
Scrapping Section 21 is Not the Solution
According to Zoopla, average private rents in September were 4.6% higher than a year earlier, at £968 a month and are currently rising at the fastest rate in 13 years as strong demand outstrips supply. When you combine this with the fact that Government plans to scrap Section 21 notices – no-fault evictions that allow […]
The huge problems facing tenants and landlords in the rental market in Wales
Rental industry professionals have warned of the “collapse” of the rental market in Wales as housing prices reach a 17-year high. According to official figures released from the Office of National Statistics that cover the period up to and including June 2021, the Welsh housing market is continuing to soar. The latest data shows Wales […]
Average rent arrears debt rockets by 41%: NRLA
The average debt renters owe because of the pandemic has increased by 41% since May this year, says the National Residential Landlords Association (NRLA). From over 2,000 private renters asked in a survey commissioned by the NRLA and carried out by Dynata, the NRLA found that the number of renters in arrears had fallen from […]
How landlords can save money when selling a rental property with this buy-to-let tax loophole
Getting rid of a rental property can seem like a tax minefield, with many complicated rules that can take a big bite out of your profits. Those selling a buy-to-let are charged capital gains tax on any money they have made on their property, but there are legal ways to reduce how much you pay. […]
10 most in-demand coastal spots in the UK
Bournemouth in Dorset is the most in-demand UK coastal spot for buyers, new data from Rightmove has found. Looking to buy a beach property? After analysing pricing data points, levels of demand, and activity in coastal locations compared with 2020, Rightmove discovered that the coastal town is continuing to surge in popularity. It might be […]