Scots Told They have 10 Years to Go Green or Face Fines & No Mortgages
In a startling move Patrick Harvie, the Scottish Greens MSP, unveiled a strategy to eliminate fossil fuel heating systems by 2033. However, this initiative has stirred controversy, raising concerns among Scots homeowners and opposition figures about its feasibility and financial impact. Harvie’s proposal mandates homeowners to install zero-carbon heating systems by 2033 or face significant […]
Lloyds Banking Group Expands Rental Venture
Lloyds Banking Group has taken another significant stride in its foray into the private rental sector with the recent acquisition of 63 homes from national housebuilder Keepmoat. This move, initially announced in 2020, solidifies Lloyds’ position in the housing market and marks a pivotal step in their strategy to bolster the rental housing landscape. The […]
Leasehold Reform Bill Aims to Revolutionize Homeownership
In a monumental stride toward housing reform, the government has revealed sweeping changes set to grant millions of homeowners in England and Wales unprecedented rights and protections over their properties. Spearheaded by Housing Secretary Michael Gove, the Leasehold and Freehold Reform Bill, unveiled in Parliament this week, promises to overhaul the leasehold system, marking the […]
UK Rental Market Predicted to Continue Surge Says Savills
In a recent report released by Savills, projections indicate that average UK rents are set to surge by up to 9.5 percent year on year, marking a significant uptick compared to previous years, although slightly lower than the prior year’s figures. These estimates suggest a relentless climb, with rents soaring by 26 percent since March […]
Zoopla Data Reveals Increasing Discounts as Home Sellers Struggle
Data released by Zoopla has shed light on the challenging landscape for both agents and sellers in the real estate market. The findings indicate a substantial 5.5% average discount on property listings as sellers endeavour to secure a sale, showcasing the impact of changing dynamics on transactions. According to Zoopla’s latest House Price Index, homebuyers […]