Mortgage Costs to Surge for First-Time Buyers and Landlords in 2024
In a recent analysis conducted by Octane Capital, it has been revealed that first-time buyers may face an annual increase of £398 in their mortgage costs, while landlords could see a substantial jump of £367 in 2024. The study focused on the current repayment costs for both first-time buyers and landlords, examining how these expenses […]
Sharp Increase in Landlord Repossessions Signals Crisis in Evictions System
Official statistics released indicate a worrisome surge in landlord repossessions, with a staggering 23% spike recorded in the final quarter of 2023 compared to the previous year. The figures reveal a rise from 5,427 to 6,649 in repossessions during this period. Government data further discloses a simultaneous increase in possession claims by landlords, jumping from […]
Renters Reform Coalition Demands Strengthening of Renters Reform Bill
In a renewed effort to address the ongoing challenges in the private rental sector, the Renters Reform Coalition, comprising organizations such as Shelter and Generation Rent, has once again reached out to Housing Secretary Michael Gove. The coalition emphasizes the need to fortify the Renters Reform Bill, stating that Gove risks missing a crucial opportunity […]
Excessive Enforcement and Unfair Licensing Could be “Next Post Office Scandal”
In a startling revelation, housing expert Des Taylor, Director of compliance company Landlord Licensing & Defence, has raised concerns over what he deems as the “next Post Office scandal” in the realm of housing management. Taylor asserts that local councils are intensifying their enforcement efforts against private landlords, subjecting them to excessive scrutiny and unfair […]