Navigating Challenges for Landlords in Wales: Insights and Recommendations
Introduction: Landlords in Wales have faced numerous challenges since the implementation of the Renting Homes Wales Act 2016. While we don’t anticipate further legislative changes in this area, a recent consultation on fair rents has caught the attention of landlords. In this article, we will explore the latest developments affecting landlords in Wales and provide […]
Call for Councils to Seize Unsafe or Poor Housing from Rogue Landlords
Introduction: In a bold move to ensure safe and quality housing for all, Andy Burnham, the Mayor of Greater Manchester, is advocating for increased powers for local councils to seize unsafe or poor housing from rogue landlords. With a focus on tenant protection, Burnham’s new housing sector plans aim to establish inspection teams that will […]
Tenants Face a Challenging Lettings Market, Warns Estate Agency
Introduction: The summer season has brought with it a storm of challenges for tenants in the rental market, according to estate agency Chestertons. With a staggering 24% increase in property viewings and a remarkable 29% surge in offers from tenants in May, Chestertons is sounding the alarm bells for those searching for a place to […]
Low Supply Continues to Impact UK Rental Market
Introduction: The UK rental market is experiencing the effects of low supply, as highlighted by build-to-rent landlord Grainger’s recent announcement. With its occupancy rate reaching a new high, just shy of 99%, Grainger exemplifies the challenges tenants face in finding available rental properties. The company’s CEO, Helen Gordon, believes that rising wages resulting from the […]
Is It Time to Introduce a National Tenants Register?
Introduction In the realm of rental properties, landlords face numerous challenges, from damage to non-payment issues and lengthy disputes. To address these concerns, Nyree Applegarth, a property law specialist and partner at West Midlands law firm Higgs LLP, proposes the establishment of a national register of tenants. This register, known as the Property Possession Order […]
Write to your MP about the Renters Reform Act
Introduction: As the Renters Reform Bill approaches its Second Reading in the House of Commons, the National Residential Landlords Association (NRLA) has taken a proactive step to facilitate communication between landlords and Members of Parliament (MPs). The NRLA has prepared a series of template letters that address various issues arising from the legislation. These letters […]
Boosting Tourism in Scotland? New Visitor Tax Aims to Attract More Visitors
Introduction: Cash raised from a new levy on overnight stays in hotels and other forms of accommodation could soon be used to enhance Scotland’s tourism industry. Tom Arthur, the public finance minister, believes that granting councils the ability to introduce a visitor levy will provide additional resources to attract more visitors. The Visitor Levy (Scotland) […]
Sunak Encourages Homeowners and Businesses to Stay Steady
Introduction Recent news of the Bank of England’s decision to increase the base interest rate from 4.5% to 5% has stirred concerns among homeowners and businesses. In response to these worries, UK Prime Minister Rishi Sunak has urged individuals and organizations to remain calm and resilient during these challenging times. In a recent interview, Sunak […]
The UK’s Property Building Boom: Regions Primed for Development in 2023
Introduction: In a recent study conducted by debt advisory specialists, Sirius Property Finance, the landscape of property development in the UK has been illuminated. By analyzing key statistics, including the average monthly total planning applications submitted, the success rates of these applications, and the number of applications granted, the study has identified the regions of […]
Bank of England’s Mortgage-Free Bosses: A Cause for Concern?
Introduction: A recent analysis conducted by the Mail on Sunday has shed light on an interesting revelation regarding the homeownership status of Bank of England bosses. The findings indicate that a significant majority of the Monetary Policy Committee (MPC) members, who play a crucial role in setting the base rate, do not possess mortgages for […]