Damp found to be the number one issue to go undetected without home survey
The tragic case of two-year-old Awaab Ishak who died in 2020, just eight days after his second birthday, as a direct result of black mould in the flat he lived in, brought into sharp focus the dangers of untreated mould in the home. Yet, despite the seriousness of the problem, damp, one the main causes […]
Mortgage costs could drop 25% by end of 2023 – forecast
Although most landlords will be on fixed rate mortgages, those suffering because of recent interest rate rises have some good news from wealth management firm Quilter. It predicts that monthly mortgage payments could fall by around 25 per cent by the end of the year. The latest government house price index data shows that in […]
Landlords begin to avoid properties with low EPC ratings
Landlords, battered by high interest rates and tightening energy-efficiency regulations, are losing patience with the property market. Barry Webb, chief executive of Mortgage Saving Experts, said he has noticed this particularly in the south of the country, where rental yields are lower because property prices are higher. Fewer landlords have been purchasing properties with lower […]
Extra tax on buy to lets can help housing be ‘more equal’ – claim
The political party propping up the Scottish Government says higher taxes on buy to lets will help the housing market be ‘more equal’. The Green Party – which backs the Scottish National Party to give it a parliamentary majority – says a recent increase in a tax known as Additional Dwelling Supplement will “address the […]
Private renting vital to economic and social fabric of UK – report
The private rented sector has an important economic and social role to play across the country, according to a new report published today. The report, commissioned by the National Residential Landlords Association, is based on a survey of 2,000 private renters in England and Wales by the polling agency Opinium. The results suggest it is […]
Renters’ Reform Bill Act to Increase Pressure on Landlords
According to research completed by Finbri, over 40% of UK landlords aren’t aware of the proposed Renters’ Reform Bill act that’s to be voted on before May 2023. The Renters’ Reform Bill is a proposed legislation set to be voted on this Spring that will significantly impact landlords and tenants in the UK. The main proposals […]
Tax Cuts for Landlords? Don’t expect any for quite some time…
The Chancellor of the Exchequer has poured cold water on the prospect of any tax cuts in the near future – for landlords or indeed anyone else. Hunt, in a major speech plotting a future path for the growth of the economy, made it clear that he wanted Britain to be defined as “low tax” […]
Misery of leaseholds is set to end for millions of homeowners
Michael Gove has committed to abolishing the ‘outdated, feudal’ leasehold system of ownership for almost five million homes by the next general election. ‘In crude terms, if you buy a flat that should be yours,’ Mr Gove said. ‘You shouldn’t be on the hook for charges that managing agents and other people can land you with […]
Council boasts of 550% increase in fines for landlords
A local authority controlled by the Green Party says it’s issued 550 per cent more fines against landlords in the past year than in the previous 12 month period. In a statement, Brighton and Hove council says that between April and December last year it’s housing officials “stepped in” to request improvements to 462 privately […]
UK property market will not ‘bounce back’ until late 2024
The boss of PriceHubble, the European property data analysis and tech provider, warns that the UK property market will continue to decline well into 2024 but will avoid collapse. PriceHubble founder Stefan Heitmann told The Neg: “We see the UK housing market on a decline and on a very rough patch for 2023. Will it collapse? I […]