Home Builders Federation Forecasts Steep Decline in Housing Supply in 2024
The Home Builders Federation (HBF) has issued a stark warning, predicting a significant drop in housing supply in the coming year. According to HBF’s executive chairman, Stewart Baseley, the forecasted decline could see housing availability plummet to under 200,000 homes by 2024, marking the lowest figure since 2014. Recent data compiled by the HBF reveals […]
Property Market Forecasts Signal Continued Decline in House Prices
Two of the United Kingdom’s leading mortgage lenders, Nationwide and Halifax, have painted a sobering picture for the residential property market in the coming year. Both institutions predict a sustained downturn in property prices, albeit within a moderate range. The economic challenges coupled with significantly higher mortgage rates have led Nationwide to estimate a 2% […]
Landlords Express Concerns About Renters Reform Bill
As the impending enactment of the Renters Reform Bill draws nearer, a recent survey conducted by Confused.com mortgages unveils significant apprehension among landlords regarding the forthcoming legislative alterations and their potential impact on the rental industry. The survey, delving into the current landscape of the buy-to-let sector, highlights concerns among over half of landlords, with […]
Government Proposes Radical Overhaul of UK Home Energy Rating System
The UK government has unveiled plans for a comprehensive overhaul of the country’s home energy rating system, initiating a public consultation to replace the longstanding Standard Assessment Procedure (SAP) rating. This radical change aims to revolutionize how energy efficiency is evaluated in homes across the nation. SAP, the current government-endorsed method for assessing and comparing […]
Landlords Plan Expansion Despite Escalating Costs
Despite facing an imminent surge in costs hovering around an alarming 80%, landlords across the UK are gearing up to expand their investments in 2024. The Intermediary Mortgage Lenders Association (IMLA) has unveiled compelling data, indicating a challenging financial landscape for many landlords in the forthcoming years. The association’s research sheds light on the predicament […]